- 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.
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- 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.
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Segment and operational performance.
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