SFL Corp Ltd.SFL
What SFL Corp Ltd. does.
Our primary objectives are to profitably grow our business and increase long-term distributable cash flow per share through our
(1) Expand and diversify our asset base. We have a diverse asset base consisting of crude oil tankers, oil product tankers, chemical tankers, container vessels, car carriers, dry bulk carriers, a jack-up drilling rig and an ultra-deepwater drilling rig. We plan to expand our asset base through various transactions including, placing newbuilding orders, acquiring second-hand vessels and entering into short, medium or long-term charter arrangements. We also make financial investments or provide loans secured by vessels, rigs and/or other assets in the wider maritime industry. We believe that the expertise and relationships of our management, together with our relationship with the group of companies related to Seatankers Management Norway AS and Seatankers Management Co. Ltd., collectively Seatankers, could provide us with incremental opportunities to expand and further diversify our asset base.
(2) Expand and diversify our customer relationships. We presently have over 10 customers, none of which are related parties, and intend to continue to expand our relationships with our existing customers and also to add new customers, as the companies servicing the international shipping, maritime and offshore oil exploration and production markets continue to expand their use of leased-in assets to add capacity.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $471.0M | $513.4M | $670.4M | $752.3M | $904.4M | $733.0M |
| Net income | -$224.4M | $164.3M | $202.8M | $83.9M | $130.7M | -$26.4M |
More on SFL.
- SFL Corp Ltd. summary
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- SFL Corp Ltd. earnings
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Figures from SFL Corp Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.