Singapore · Delayed Price · Currency is SGD Sembcorp Industries Earnings Call Transcripts
Fiscal Year 2026
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First half 2026 saw lower reported profits but strong pro forma results with Alinta, which broadened recurring cash flows and earnings base. Second half is expected to be significantly stronger, supported by new plant efficiencies, higher contract levels, and robust demand from AI and data centers.
Fiscal Year 2025
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Resilient FY2025 results with SGD 1B net profit, 9% dividend increase, and strong cash flow despite margin pressures in Singapore, UK, and China. Renewables grew 5% year-over-year, while major acquisitions and divestments strengthened the portfolio.
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The acquisition of Alinta Energy offers immediate financial accretion, strengthens presence in developed markets, and supports a brown-to-green transition strategy. Integration will retain Alinta's management, with no equity fundraising required and dividends maintained.
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Resilient H1 2025 results with $2.9B turnover and $536M net profit, driven by renewables growth and Senoko synergies. Dividend increased 50% to $0.09 per share. Cautious outlook on China and Vietnam renewables, but strong balance sheet and cash flow support future growth.
Fiscal Year 2024
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Net profit before exceptional items exceeded SGD 1 billion for the second year, with resilient earnings from long-term contracts and renewables, despite lower turnover and power prices. Dividend was raised 77% to SGD 0.23 per share, reflecting strong cash flow and confidence in future growth.
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H1 2024 saw resilient earnings despite lower turnover and planned maintenance, with strong cash flow and increased dividends. Renewables growth was impacted by China demand, but India and Southeast Asia offer robust opportunities. Urban and decarbonization segments delivered strong profit growth.