Reported on 08/26
- Rev of $201M
- Adj EBITDA $130M
- Net Profit of $34M
- Added 4 car carriers to fleet. Delivery in 2029, with two vessels already chartered on 5 + 5 year contracts adding firm rev of $150M
- Equity raise in Q2 and Q3 2026. Good move while shares on rise.
- https://static.seekingalpha.com/uploads/sa_presentations/27/135027/original.pdf
SFL completed a bond “debt-punt” with 2026 bond paid off, but company tapped later bond for some financing. Spot trading Suezmax (Edit: two after checking charter data) had a rate over $100K in Q2 2026. Existing car carriers secured follow-on contract. While SFL has around $275M in liquidity, I think the company is more pressured with its debt.