SFL Corporation Reports Q1 2025 Earnings and Strategic Moves

Sfl Corporation Limited ( (SFL) ) has released its Q1 earnings. Here is a breakdown of the information Sfl Corporation Limited presented to its investors.

SFL Corporation Ltd., a prominent player in the maritime industry, specializes in the ownership and operation of a diverse fleet of vessels, including container ships, tankers, and drilling rigs, with a focus on long-term charters. In its preliminary earnings report for the first quarter of 2025, SFL Corporation announced a net loss of $31.9 million, primarily due to impairments related to older dry bulk vessels. Despite this setback, the company declared its 85th consecutive quarterly dividend of $0.27 per share and reported a charter hire income of $193.5 million, alongside an adjusted EBITDA of $108 million from consolidated subsidiaries. Key highlights from the quarter include a $10 million share buyback, ongoing fleet renewal through the sale of older vessels, and the issuance of a $150 million sustainability-linked bond. The company also reported a fixed-rate charter backlog of approximately $4.2 billion, with 68% of this backlog linked to investment-grade customers, underscoring the strength of its charter portfolio. Looking ahead, SFL Corporation remains focused on fleet modernization and strategic asset management to enhance its long-term distribution capacity, while navigating market volatility and exploring new business opportunities.