Core Viewpoint - SFL Corporation Ltd. will hold its 2026 Annual General Meeting on May 11, 2026, with a record date for voting set for April 1, 2026 [1] Group 1: Company Overview - SFL has maintained a unique track record in the maritime industry, paying dividends every quarter since its initial listing on the New York Stock Exchange in 2004 [2] - The company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and significant growth in its asset base over time [2] Group 2: Future Outlook - The company acknowledges that actual results may differ from forward-looking statements due to various uncertainties, including economic conditions, currency fluctuations, and market demand changes [4] - Factors affecting the company's performance include fluctuations in charter hire rates, vessel values, and operating expenses, as well as potential disruptions from geopolitical events and regulatory changes [4]

Core Insights - The company has classified the Manzanillo Express as discontinued operations following its sale, marking the 13th container carrier sale in 24 months as part of its strategy to pivot to gas transportation [1][3] - The net income for the quarter from continued operations was reported at $23.1 million, with a commitment to a fixed distribution of $0.15 per share to shareholders, maintaining a record of cash dividends since March 2007 [2][3][6] - The company has secured financing for all multi-gas carriers and liquid CO2 carriers, with deliveries commencing from January 2026 [3][6][7] Financial Performance - The company completed two special surveys for its LNG carriers, which accounted for 14% of its fleet, at a total cost of approximately $8.8 million [2][5] - The cash balance at the end of the quarter stood at $332.2 million, with a strong balance sheet and a net leverage ratio below 50% [7] - The firm charter backlog for the LNG fleet is reported at $2.8 billion, with an average charter duration of 6.9 years [10][11] Market Dynamics - There has been a significant rise in expected demand for LNG shipping due to an unprecedented surge in LNG supply growth, with several projects reaching final investment decisions [14][15] - The EU's plan to ban Russian LNG imports by 2027 is expected to positively impact LNG freight demand, requiring longer-haul voyages from the U.S. Gulf [16][17] - The removal of older vessels from the market is anticipated to facilitate market rebalancing towards 2027 and 2028, with a record number of vessels sold for scrap this year [18][20] Strategic Outlook - The company is focused on securing long-term employment for its newbuild LNG carriers, with only three uncommitted LNG carriers remaining under construction [25][26] - The LNG market is expected to transition from surplus to deficit around 2027-2028, driven by increasing global LNG trade and a shortage of efficient vessels [24][36] - The company is positioned to leverage its cash position for potential acquisitions in the future, while maintaining a focus on securing employment for its fleet [47][49]

Core Viewpoint - SFL Corporation Ltd. has filed its annual report on Form 20-F for the financial year ended December 31, 2025, with the U.S. Securities and Exchange Commission, which is accessible on both the company's website and the SEC's website [1]. Company Overview - SFL has maintained a consistent dividend payment record every quarter since its initial listing on the New York Stock Exchange in 2004 [3]. - The company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and significant growth in its asset base over time [3].

Core Viewpoint - SFL Corporation Ltd. is set to release its preliminary financial results for Q4 2025 on February 11, 2026, and will host a conference call and webcast for stakeholders on the same day [1]. Group 1: Financial Results and Events - The preliminary financial results for Q4 2025 will be announced on February 11, 2026 [1]. - A conference call and webcast will take place on February 11, 2026, at 10:00 AM (EST) / 4:00 PM (CET) [1]. - Relevant materials will be available on the Company's Investor Relations section of its website on the same day [1]. Group 2: Participation Details - Stakeholders can join the conference call in listen-only mode via the webcast link on the Company's website [2]. - Participants can also join the live Q&A session through Zoom, with specific meeting ID and passcode provided [2]. - A replay of the conference call will be accessible via the webcast on SFL's website [2]. Group 3: Company Overview - SFL Corporation Ltd. has a strong track record in the maritime industry, having paid dividends every quarter since its NYSE listing in 2004 [3]. - The Company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs [3]. - SFL's long-term distribution capacity is supported by a portfolio of long-term charters and significant growth in its asset base over time [3].

Core Viewpoint - SFL Corporation Ltd. is set to release its preliminary financial results for Q3 2025 on November 11, 2025, and will host a conference call and webcast for stakeholders on the same day [1]. Group 1: Financial Results and Events - The preliminary financial results for Q3 2025 will be announced on November 11, 2025 [1]. - A conference call and webcast will take place on November 11, 2025, at 10:00 AM (EST) / 4:00 PM (CET) [1]. - Relevant materials will be available in the Investor Relations section of the Company's website on the same day [1]. Group 2: Participation Details - Stakeholders can join the conference call in listen-only mode via the Company's website or directly through a provided webcast link [2]. - Participants can also join a live Q&A session through Zoom using a specific meeting ID and passcode [2]. - A replay of the conference call will be accessible via the webcast on SFL's website [2]. Group 3: Company Overview - SFL Corporation Ltd. has a strong track record in the maritime industry, having paid dividends every quarter since its NYSE listing in 2004 [3]. - The Company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs [3]. - SFL's long-term distribution capacity is supported by a portfolio of long-term charters and significant growth in its asset base over time [3].

Group 1 - SFL Corporation Ltd. plans to release its preliminary financial results for Q2 2025 on August 19, 2025 [1] - A conference call and webcast will be held on the same day at 10:00 AM (EST) / 4:00 PM (CET) for stakeholders [1] - Relevant materials will be available on the Company's Investor Relations section of its website on the same day [1] Group 2 - SFL has maintained a unique track record in the maritime industry, paying dividends every quarter since its NYSE listing in 2004 [3] - The Company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs [3] - SFL's long-term distribution capacity is supported by a portfolio of long-term charters and significant growth in its asset base over time [3]

Group 1 - The 2025 Annual General Meeting of SFL Corporation Ltd. was held on May 8, 2025, where the audited consolidated financial statements for the year ended December 31, 2024, were presented [1] - The Company has maintained a consistent dividend payment record every quarter since its initial listing on the New York Stock Exchange in 2004 [2] - SFL's fleet includes various types of vessels such as tankers, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and a growing asset base [2] Group 2 - Resolutions passed at the meeting included setting the maximum number of Directors to eight and designating vacancies as casual, allowing the Board to fill them as deemed fit [4] - The re-election of several Directors was approved, including Kathrine Fredriksen, Gary Vogel, Keesjan Cordia, James O'Shaughnessy, Ole Hjertaker, and Will Homan-Russell [4] - Ernst & Young AS was re-appointed as auditors, with the Directors authorized to determine their remuneration, and the total remuneration for the Board of Directors was approved not to exceed US$800,000 for the year ended December 31, 2025 [4]

Financial Data and Key Metrics Changes - Net income from operations for Q1 2025 was just under $81 million, including a gain of $46.2 million from the sale of two container vessels [5] - Total cash position increased to $420 million, supported by the completion of two container sales [8] - The firm charter backlog increased to $3.1 billion, reflecting positive fundamentals in the energy shipping market [6][10] Business Line Data and Key Metrics Changes - The company has raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, reallocating capital towards gas transportation assets [5] - The average charter duration across the fleet is now 7.3 years, with a charter backlog of $2.8 billion in contract revenue for the LNG fleet [9][10] Market Data and Key Metrics Changes - The LNG carrier, Infosys two, commenced a seven-year charter, contributing to the increased charter backlog [6] - The long-term time charter market has remained stable, with ten-year rates in the high eighties to low nineties range [20] Company Strategy and Development Direction - The company aims to solidify its existing charter book and secure long-term employment for remaining LNG carriers, capitalizing on the growing LNG industry [27] - The focus is on maintaining a dense fleet with the lowest unit rate cost and environmental footprint, aligning with emerging regulatory requirements [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market volatility and highlighted the importance of maintaining a strong balance sheet [8][12] - The company is closely monitoring the impact of U.S. trade policies and tariffs on LNG exports, indicating a low probability of adverse effects on its business model [14][15] Other Important Information - The company has a strong framework for building its gas transportation portfolio, with no single counterparty representing more than 20% of the contract revenue backlog [11] - The new building CapEx program is valued at $2.3 billion, with $467 million already paid in advances [12] Q&A Session Summary Question: CapEx schedule adjustments - Management confirmed that adjustments to the CapEx schedule were made in collaboration with partners and shipbuilders, allowing for flexibility in chartering opportunities [33] Question: Discussions on gas carriers - Ongoing discussions focus on liquid CO2 and other gas volumes, with interest from large companies for three to five-year charters [35][36] Question: Supply-demand dynamics - Management acknowledged that charters are recognizing the supply-demand fundamentals and are willing to pay rates reflecting future market conditions [41] Question: Regasification capacity - There are no expected issues with regasification capacity covering liquefaction capacity in key markets like China, Japan, and Europe [47] Question: Floating storage opportunities - Currently, there are no indications of demand for floating storage due to the costs associated with LNG boil-off [49] Question: U.S. built LNG carriers - The cost of U.S. built LNG carriers is expected to be significantly higher than those built in Korea or China, with compliance responsibilities likely falling on liquefaction operators [60][62]