Slide 1: SFL Corporation Ltd. Q1 2026 Results Presentation
SFL Corporation Ltd. Q1 2026 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: Highlights
Highlights Q1’26 key highlights 89th consecutive quarterly dividend of $0.22 per share, yielding 7% $174m1 $108m2 Gross revenue Adjusted EBITDA $174 million in gross revenue, with an adjusted EBITDA of $108 million $26m $0.20 Net income for the quarter of $26 million, or $0.20 per share Net Income E
Slide 4: Recent Events
Recent Events • $170 million contract for the harsh environment, semi submersible drilling rig Hercules HERCULES • Commencement in Q1 2027 in Canada CONTRACT • Minimum duration of 400 days Q2 2026 currently TCE(1) Q1 2026 % covered(3) SPOT contracted(2) VESSELS Suezmax ~$54,000 ~$185,400 53% Kamsarm
Slide 5: A Leading Maritime Infrastructure Company
A Leading Maritime Infrastructure Company Portfolio1 Contract duration2 Contracted revenue3 30 Container 7.1 years 11% 10% Container 7 Car carrier 6.6 years Tanker 6% $3.7bn Car carrier Energy 16 Tanker 3.5 years 73% 2 Energy 2.5 years 2 Dry bulk < 1 year Investment grade (IG) 68% 32% Not rated or n
Slide 6: Operational Performance Highlights
Operational Performance Highlights Market Charter type1 Operating days2 Utilization3 Revenue OPEX4 Q1 2026 Q1 2026 Q1 2026 Q1 2026 Q1 2026 BB $81m $19m TC 2,229 99% Container 93% $26m $5m 630 100% Car carrier 100% $46m $16m 1,474 100% Tanker 100% $2m $2m 175 97% Dry bulk 100% $23m $22m 90 50% Energy
Slide 7: SFL Financial Performance
SFL Financial Performance Adjusted EBITDA Q1 2026 Breakdown1 $23m $2m -$69m $46m $26m $177m $108m $81m 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 Mar 31, 2026 Dec 31, 2025 • $174m of operating revenues, incl. $1.3m of profit share • Vessel charter hire of $151m Charter revenues: operating leases and rig revenue contracts 171,574 169,495 Profit shar
Slide 9: Balance Sheet
Balance Sheet Cash and Liquidity (in thousands of $) Mar 31, 2026 Dec 31, 2025 • $128m cash and cash equivalents at quarter end ASSETS • Approximately $160m of undrawn credit lines Short term Cash and cash equivalents 127,564 150,829 Investment in marketable securities 6,213 4,146 Financing and Capi
Slide 10: SFL Corporation – Summary
SFL Corporation – Summary $3.7bn Fixed revenue backlog 57 $288m Available Maritime assets liquidity(1) $0.22 Dividend per share Notes: (1) Cash and cash equivalents including undrawn lines 10