Singapore · Delayed Price · Currency is SGD Seatrium Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 5% to SGD 5.6 billion and net profit rose 54% year-on-year, excluding divestments. Gross margin improved to 8.6%, with a robust SGD 13.3 billion order book and strong cash flow. Outlook remains positive, supported by a SGD 32 billion pipeline and ongoing margin expansion.
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Net order book stands at SGD 15.5 billion with strong earnings visibility and improved gross margins. Annualized cost savings exceed SGD 50 million from divestments, and the pipeline remains robust at close to SGD 30 billion, with a stable revenue run rate expected for 2026.
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.