Singapore · Delayed Price · Currency is SGD Seatrium Earnings Call Transcripts
Fiscal Year 2025
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FY 2025 saw 25% revenue growth and net profit doubling, with gross margin rising to 7.4% and a robust SGD 17 billion order book. Asset divestments and cost discipline drove strong cash flow, while a diversified SGD 32 billion pipeline supports future growth.
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Strong project execution and asset divestments drove margin expansion and cost savings in 3Q 2025. Order book remains healthy at SGD 16.6 billion, with robust oil & gas and renewables pipelines supporting 2028 targets. WTIV Sturgeon dispute impact remains uncertain.
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Revenue grew 34% to $5.4B and net profit surged 301% to $144M in H1 2025, with margin expansion and a robust $18.6B order book. Strong execution in oil & gas and offshore wind, legal overhang resolved, and focus remains on margin improvement and pipeline conversion.
Fiscal Year 2024
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Returned to full-year profitability in FY2024 with SGD 200 million net profit and 27% revenue growth. Order book hit SGD 23.2 billion, and margins improved despite ongoing project provisions. Dividend proposed, and balance sheet strengthened.
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First Half 2024 saw a return to profitability with revenue up 39% year-over-year, a record SGD 26.1 billion order book, and strong contributions from both renewables and oil & gas. Cost management, project execution, and a robust pipeline underpin a positive outlook.