SFL .(US:SFL) Globenewswire·2025-02-12 11:05Core Insights - SFL Corporation Ltd. announced preliminary financial results for Q4 2024, reporting a net profit of $20.2 million, or $0.15 per share, and a quarterly cash dividend of $0.27 per share [1][8]. Financial Performance - The company received charter hire of $231.7 million in the quarter, which includes $2.6 million from profit share [8]. - Adjusted EBITDA from consolidated subsidiaries was $124.0 million, with an additional $7.9 million from associated companies [8]. - The company issued a new $150 million five-year bond and agreed to sell an older 1,700 TEU feeder container vessel [8]. Growth Strategy - SFL added over $2 billion in fixed-rate charter backlog in 2024, reflecting its growth strategy and transformation into a maritime infrastructure company [3]. - The company emphasizes owning, operating, and upgrading its fleet to high standards, which includes fuel efficiency measures to reduce carbon footprint [4]. Shareholder Returns - Since its inception in 2004, SFL has returned $2.8 billion to shareholders through 84 consecutive cash dividends, demonstrating its ability to renew and diversify its asset portfolio [5].