Sfl Corporation Limited ( (SFL) ) has released its Q2 earnings. Here is a breakdown of the information Sfl Corporation Limited presented to its investors.
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SFL Corporation Limited is a maritime asset-owning company that operates in the shipping and energy sectors, focusing on long-term charters with high-quality counterparties to ensure stable earnings and reduced risk exposure. In its preliminary earnings report for the second quarter of 2025, SFL Corporation announced a net income of $1.5 million, or $0.01 per share, and declared its 86th consecutive quarterly dividend of $0.20 per share. The company generated $194 million in charter hire, with 87% from shipping and 13% from energy, and reported an adjusted EBITDA of $104 million. Significant strategic moves included a five-year time charter extension with Maersk for three container vessels, adding $225 million to the backlog, and a fleet renewal program that involved selling older vessels for over $200 million. SFL Corporation’s financial performance was impacted by market volatility affecting its drilling rig Hercules, which remains warm stacked, and the sale of several vessels, which increased available capital but reduced near-term cash flow. Despite these challenges, the company maintains a strong charter backlog of $4.2 billion and continues to focus on operational efficiency and strategic investments. Looking ahead, SFL Corporation remains optimistic about securing new opportunities and enhancing its portfolio, supported by its diversified business model and commitment to reducing its carbon footprint.