- Seatrium (SGX:5E2) delivered a solid 3Q25, supported by the execution of major projects, maintaining a robust S$16.6b orderbook and enhancing margins through S$140m in asset divestments.
- - Read this at SGinvestors.io -
Operational momentum remains strong.
- Seatrium delivered a strong 3Q25, reinforcing its operational resilience and execution capabilities across multiple markets. The company reported a robust net orderbook of S$16.6b, covering 24 projects with deliveries through 2031, underscoring healthy visibility of future earnings. Key milestones achieved in 3Q25 include the delivery of:
- the Wind Turbine Installation Vessel (WTIV) Charybdis; and
- two Taiwanese offshore substations, with both completed on schedule.
- - Read this at SGinvestors.io -
Successful capital recycling with likely more to come.
- During 3Q25, Seatrium continued to streamline its asset base through accretive divestments with the two key ones being the S$65m sale of its AmFELS Yard in Brownsville, Texas and the S$77m sale of a Brazilian subsidiary that owned two platform supply vessels.
- During the business update briefing, the company stated that it will continue to divest non-core assets in an effort to enhance its capital efficiency and unlock value from surplus assets.
- Importantly, the S$140m in proceeds will clearly boost Seatrium’s liquidity and lower yard overheads, with the US yard sale specifically generating annual cost savings of about S$30m.
Repairs & upgrades – Remaining steady.
- Read more at SGinvestors.io.
