- Seatrium (SGX:5E2) delivered a material earnings inflection in 2025, with PATMI more than doubling to S$324m on the back of a 24% y-o-y revenue growth to S$11.5b. Importantly, gross profit nearly tripled to S$848m, lifting gross margin to 7.4% (2024: 3.1%), reflecting an improved project mix and operating leverage.
- - Read this at SGinvestors.io -
- On the back of the solid results, Seatrium declared dividend of S$0.03, double that of 2024’s dividend of S$0.015.
Winning orders despite industry turbulence.
- Seatrium secured more than S$4b worth of new orders in 2025 and exited the year with a healthy S$17.8b net orderbook (40% renewables & clean energy solutions) across 24 projects, providing revenue visibility through 2033.
- - Read this at SGinvestors.io -
Segment and operational performance.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-02-27
Read also UOB's most recent report:
2026-06-02 Seatrium - Legacy Drag Fades As Mid-Teens Margins Emerge.
Price targets by 3 other brokers at Seatrium Target Prices.
Listing of research reports at Seatrium Analyst Reports.
Relevant links:
Seatrium Share Price History,
Seatrium Announcements,
Seatrium Dividend Payout Dates & Corporate Actions,
Seatrium News
