SFL Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	714.15	874.94	724.97	627.82	468.82
Other Revenue	5.6	19.12	19.35	36.75	40.23
Revenue	719.75	894.06	744.33	664.57	509.04
Revenue Growth (YoY)	-19.50%	20.12%	12.00%	30.55%	9.14%
Cost of Revenue	301.77	343.3	293.76	205.14	156.73
Gross Profit	417.98	550.76	450.57	459.43	352.31
Selling, General & Admin	18.33	20.58	15.57	15.18	12.97
Other Operating Expenses	-13.29	-10.34	-7.96	-5.82	-4.35
Operating Expenses	240.04	249.42	221.67	197.18	146.95
Operating Income	177.94	301.34	228.9	262.25	205.36
Interest Expense	-180.53	-177.57	-164.67	-100.48	-92.19
Interest & Investment Income	14.78	14.41	14.88	8.1	7.45
Earnings From Equity Investments	2.37	2.8	2.85	2.83	4.19
Currency Exchange Gain (Loss)	-	-4.93	-5.02	-0.07	-0.42
Other Non Operating Income (Expenses)	2.19	0.72	0.94	-1.27	1.48
EBT Excluding Unusual Items	16.76	136.76	77.89	171.37	125.87
Gain (Loss) on Sale of Investments	-0.04	-0.85	-1.91	18.17	1
Gain (Loss) on Sale of Assets	-7.17	5.37	18.67	13.23	39.41
Asset Writedown	-34.09	-	-7.39	-	-1.93
Pretax Income	-24.55	141.28	87.26	202.77	164.34
Income Tax Expense	1.88	10.63	3.32	-	-
Net Income	-26.43	130.65	83.94	202.77	164.34
Net Income to Common	-26.43	130.65	83.94	202.77	164.34
Net Income Growth	-	55.66%	-58.60%	23.38%	-
Shares Outstanding (Basic)	133	129	126	127	122
Shares Outstanding (Diluted)	133	130	127	137	139
Shares Change (YoY)	2.36%	2.70%	-7.86%	-1.44%	27.91%
EPS (Basic)	-0.20	1.01	0.66	1.60	1.35
EPS (Diluted)	-0.20	1.01	0.66	1.53	1.30
EPS Growth	-	52.99%	-56.88%	18.19%	-
Free Cash Flow	219.66	-275	78.67	-247.37	-288.03
Free Cash Flow Per Share	1.65	-2.12	0.62	-1.80	-2.07
Dividend Per Share	0.870	1.080	0.990	0.920	0.680
Dividend Growth	-19.44%	9.09%	7.61%	35.29%	-15.00%
Gross Margin	58.07%	61.60%	60.53%	69.13%	69.21%
Operating Margin	24.72%	33.70%	30.75%	39.46%	40.34%
Profit Margin	-3.67%	14.61%	11.28%	30.51%	32.29%
Free Cash Flow Margin	30.52%	-30.76%	10.57%	-37.22%	-56.58%
EBITDA	421.39	540.52	442.97	450.07	343.69
EBITDA Margin	58.55%	60.46%	59.51%	67.72%	67.52%
D&A For EBITDA	243.45	239.18	214.06	187.83	138.33
EBIT	177.94	301.34	228.9	262.25	205.36
EBIT Margin	24.72%	33.70%	30.75%	39.46%	40.34%
Effective Tax Rate	-	7.52%	3.81%	-	-
Revenue as Reported	733.04	904.4	752.29	670.39	513.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.