Slide 1: Preliminary Earnings Release Q2 2026
Preliminary Earnings Release Q2 2026 SFL Corporation Ltd.
Slide 2: Preliminary Q2 2026 results and quarterly cash dividend of $0.22 per share
Preliminary Q2 2026 results and quarterly cash dividend of $0.22 per share SFL Corporation Ltd. (“SFL” or the “Company”) today announced preliminary financial results for the quarter ended June 30, 2026. Highlights • 90th consecutive quarterly dividend declared, $0.22 per share • Total operating rev
Slide 3: Business Update
Business Update As of June 30, 2026, the contracted fixed rate charter backlog3 from the Company’s fleet of vessels including newbuildings under construction was approximately $3.8 billion with a weighted remaining charter term of 6.2 years. Approximately 65% of the fixed rate charter backlog is to
Slide 4: Financing, Capital Expenditure and Corporate Matters
fully redeemed a $150 million senior unsecured bond loan due 2026. From May through July, the Company raised approximately $100 million in net proceeds through its dividend reinvestment and at-the-market program, issuing approximately 8.8 million new shares at an average price above VWAP for the cor
Slide 5: Forward-Looking Statements
under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from future litigation, including litigation related to claims raised by public-interest organizations or a
Slide 6: Income Statement (Unaudited)
SFL CORPORATION LTD. SECOND QUARTER 2026 REPORT (UNAUDITED) INCOME STATEMENT Three months ended Full year (in thousands of $ Jun 30, Mar 31, 2025 except per share data) 2026 2026 (audited) Charter revenues: sales-type leases (excluding charter hire treated as Repayments)(1) — — 951 Charter revenues:
Slide 7: Balance Sheet (Unaudited)
SFL CORPORATION LTD. SECOND QUARTER 2026 REPORT (UNAUDITED) BALANCE SHEET Jun 30, Mar 31, Dec 31, 2025 (in thousands of $) 2026 2026 (audited) ASSETS Short term Cash and cash equivalents(1) 113,104 127,564 150,829 Investment in marketable securities 5,013 6,213 4,146 Amount due from related parties
Slide 8: Statement of Cashflows (Unaudited)
SFL CORPORATION LTD. SECOND QUARTER 2026 REPORT (UNAUDITED) STATEMENT OF CASHFLOWS Three months ended Full year (in thousands of $) Jun 30, Mar 31, 2025 2026 2026 (audited) OPERATING ACTIVITIES Net income/(loss) 33,793 26,077 (26,431) Adjustments to reconcile net income to net cash provided by opera
Slide 9: Associated Companies Accounted for as Investment in Associates
ASSOCIATED COMPANIES ACCOUNTED FOR AS INVESTMENT IN ASSOCIATES SECOND QUARTER 2026 (UNAUDITED) Condensed income statement data for the three months ended June 30, 2026 River Box (in thousands of $) Holding Inc Ownership share presented 49.9% Charter revenues - direct financing leases (net of charter
Slide 10: Shipping and Energy condensed income statement data
SFL CORPORATION LTD. SECOND QUARTER 2026 (UNAUDITED) Shipping and Energy condensed income statement data for the three months ended June 30, 2026 INCOME STATEMENT Shipping Energy Total (in thousands of $) Total operating revenues 176,511 24,254 200,765 Total operating expenses (95,760) (39,785) (135
Slide 11: Appendix 1: Reconciliation of Adjusted EBITDA
APPENDIX 1: RECONCILIATION OF ADJUSTED EBITDA SECOND QUARTER 2026 (UNAUDITED) Adjusted EBITDA data for the three months ended June 30, 2026 ADJUSTED EBITDA Shipping Energy Total 49.9% owned (in thousands of $) associates Net cash provided by operating activities 79,198 9,125 88,323 4,451 Non cash mo