Core earnings beat expectations on improving gross profit margin.
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The beat was mainly due to better-than-expected gross profit margins, up 1.2ppt y-o-y, driven by better project margin mix, operating leverage and cost efficiency. 1H26 gross profit margin was still impacted by a close-out provision (quantum not disclosed) for wind turbine installation vessel Maersk Viridis, excluding which, Seatrium’s 1H26 gross profit margin would have been even better.
- - Read this at SGinvestors.io -
Balance sheet remained robust.
- 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/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-08-03
Previous report by UOB:
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
