Slide 1: SFL Corporation Ltd. Q3 2025 Results Presentation
SFL Corporation Ltd. Q3 2025 Results Presentation 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management's examination of historical operating trends, data contained in the Company’s re
Slide 3: Recent Events & Highlights
Recent Events & Highlights Q3’25 key highlights 87th consecutive quarterly dividend of $0.20 per share $178m1 $113m2 Executing on fleet renewal by disposal of older non-strategic assets, Gross revenue Adjusted EBITDA freeing up significant investment capacity ~$100 million invested in vessel efficie
Slide 4: A Leading Maritime Infrastructure Company
A Leading Maritime Infrastructure Company Portfolio1 Contract duration2 Contracted revenue3 30 Container 7.2 years 7% 10% Container 7 Car carrier 6.7 years Tanker $4.0bn 11% Car carrier Energy 18 Tanker 3.5 years 72% 2 Energy 3.3 years 2 Dry bulk < 1 year Investment grade (IG) 67% 34% Not rated or n
Slide 5: Operational Performance Highlights
Operational Performance Highlights Market Charter type1 Operating days2 Utilization3 Revenue OPEX Q3 2025 Q3 2025 Q3 2025 Q3 2025 Q3 2025 BB $82m $16m TC 2,301 100.0% Container 93% $23m $7m 610 94.7% Car carrier 100% $44m $16m 1,640 99.0% Tanker 100% $6m $4m 368 98.5% Dry bulk 100% $24m $21m 92 50.0
Slide 6: Improving Fleet Efficiency and Reducing CO2 Emissions
Improving Fleet Efficiency and Reducing CO2 Emissions SFL’s energy efficiency toolbox Emission LNG boil off handling Area Reductions1 Key items Variable frequency drive Hull & propeller for pumps and fans Engines Exhaust gas cleaning Reefer Plug Boost systems Additional power 3-10% generation Techni
Slide 7: SFL Financial Performance
SFL Financial Performance Adjusted EBITDA Q3 2025 Breakdown1 $24m $6m -$66m $44m $23m $179m $113m $82m Container Car carriers Tanker Dry bulk Energy Gross charter hire Net operating and Adj. EBITDA (incl. profit share) G&A expenses Notes: (1) Not as accounted under US GAAP and including cash flow in
Slide 8: Income Statement
Income Statement Operating Revenue (in thousands of $ except per share data) Three months ended Sep 30, 2025 Jun 30, 2025 • $178m of operating revenues, including $1.8m of profit share Charter revenues: sales-type leases (excluding charter hire treated as Repayments) 31 449 • Vessel charter hire of
Slide 9: Balance Sheet
Balance Sheet Cash and Liquidity (in thousands of $) Sep 30, 2025 Jun 30, 2025 • $278m cash and cash equivalents at quarter end ASSETS • Approximately $44m of undrawn credit lines Short term Cash and cash equivalents 278,231 155,820 Investment in marketable securities 3,448 2,859 Financing and Capit
Slide 10: SFL Corporation – Summary
SFL Corporation – Summary $4.0bn Fixed revenue backlog 59 $278m Cash and cash Maritime assets equivalents $0.20 Dividend per share 10