SFL Corp Ltd. Files 6-K for Q4 2024 Earnings

TL;DR

SFL Corp Ltd. dropped their Q4 2024 earnings report via 6-K filing.

AI Summary

SFL Corporation Ltd. filed a Form 6-K on February 13, 2025, reporting information for the period ending December 31, 2024. The filing includes a press release regarding their Q4 2024 earnings. SFL Corporation Ltd. was formerly known as Ship Finance International LTD until May 11, 2004.

Why It Matters

This filing provides investors with updated financial information and performance metrics for SFL Corporation Ltd. for the fourth quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing (6-K) and does not contain significant new risks.

Key Players & Entities

• SFL Corporation Ltd. (company) — Registrant
• Ship Finance International LTD (company) — Former company name
• February 13, 2025 (date) — Filing date
• December 31, 2024 (date) — Reporting period end date

FAQ

Key Financial Figures

• $0.27 — results and quarterly cash dividend of $0.27 per share Hamilton, Bermuda, February
• $20.2 m — eclared, $0.27 per share Net profit of $20.2 million, or $0.15 per share in the fourth
• $0.15 — share Net profit of $20.2 million, or $0.15 per share in the fourth quarter Receiv
• $231.7 million — rth quarter Received charter hire 1 of $231.7 million in the quarter, including $2.6 million
• $2.6 million — 231.7 million in the quarter, including $2.6 million of profit share Adjusted EBITDA 2 of $
• $124.0 million — n of profit share Adjusted EBITDA 2 of $124.0 million from consolidated subsidiaries, plus $7
• $7.9 million — on from consolidated subsidiaries, plus $7.9 million adjusted EBITDA 2 from associated compa
• $150 million — associated companies Issuance of a new $150 million five year bond Agreed sale of an older
• $48 million — capesize bulkers Awarded approximately $48 million in compensation from Seadrill Ole B.
• $2 billion — with several new vessels and more than $2 billion fixed rate charter backlog added in 202
• $2.8 billion — f the Company in 2004, we have returned $2.8 billion to our shareholders through 84 consecut
• $229.1 million — n a consolidated basis of approximately $229.1 million in the fourth quarter of 2024, compared
• $255.3 million — the fourth quarter of 2024, compared to $255.3 million in the previous quarter. This figure is
• $9.9 million — h received as it excludes approximately $9.9 million of charter hire which is not classified
• $2.0 m — ve mark-to-market effects from swaps of $2.0 million, negative mark-to-market effects

Filing Documents

• sfl-q42024earningsreleasef.htm (6-K) — 190KB
• image_0.jpg (GRAPHIC) — 5KB
• image_1.jpg (GRAPHIC) — 4KB
• image_5.jpg (GRAPHIC) — 0KB
• 0001289877-25-000009.txt ( ) — 203KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SFL Corporation Ltd. Date February 13, 2025 By s Ole B. Hjertaker Name Ole B. Hjertaker Title SFL Management AS (Principal Executive Officer) Preliminary Earnings Release Q4 2024 SFL Corporation Ltd. Preliminary Q4 2024 results and quarterly cash dividend of $0.27 per share Hamilton, Bermuda, February 12, 2025, SFL Corporation Ltd. ("SFL" or the "Company") today announced its preliminary financial results for the quarter ended December 31, 2024. Highlights 84 th consecutive quarterly dividend declared, $0.27 per share Net profit of $20.2 million, or $0.15 per share in the fourth quarter Received charter hire 1 of $231.7 million in the quarter, including $2.6 million of profit share Adjusted EBITDA 2 of $124.0 million from consolidated subsidiaries, plus $7.9 million adjusted EBITDA 2 from associated companies Issuance of a new $150 million five year bond Agreed sale of an older 1,700 teu feeder container vessel Exercise of purchase option by Golden Ocean on eight capesize bulkers Awarded approximately $48 million in compensation from Seadrill Ole B. Hjertaker, CEO of SFL Management AS, said in a comment We are pleased to execute on our growth strategy, with several new vessels and more than $2 billion fixed rate charter backlog added in 2024. Over the last decade SFL has transformed from a vessel financing provider to a maritime infrastructure company, with the majority of our charter backlog to investment-grade end users. A key part of our value proposition is to own, operate and continuously upgrade the fleet to the highest standards, including fuel efficiency measures to reduce the carbon footprint for us and our customers. This has translated into multiple repeat transactions with blue chip customers, and increases the residual value an

View Full Filing

View this 6-K filing on SEC EDGAR