Seatrium Ltd on Thursday reported SGD 324 million ($256 million), or SGD 9.47 per diluted share, in internet revenue for 2025, up 106 p.c from 2024. EBITDA elevated 34 p.c to SGD 837 million.
“The improved efficiency displays disciplined undertaking execution; in addition to margin growth pushed by improved working leverage and series-build efficiencies, sustained price self-discipline and energetic portfolio optimization following the divestment of non-core property”, the Singapore-based offshore power contractor stated in a web based assertion.
The board is proposing to extend Seatrium’s annual dividend per share to three Singaporean cents for 2025 from 1.5 Singaporean cents for 2024.
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The corporate additionally plans to resume a share buyback program of as much as 2 p.c of its whole variety of issued shares. Seatrium has a SGD 100 million energetic repurchase program launched Might 2024.
Yearly income grew 24.3 p.c to SGD 11 billion, pushed by the oil and gasoline and offshore wind segments. Contributions from the segments have been boosted by “environment friendly execution of the Petrobras P-Sequence FPSO2 and TenneT 2GW HVDC3 tasks”, Seatrium stated.
“The repairs and upgrades section, which supplies a gradual baseload of income, continues to pursue higher-value repairs tasks and conversions that ought to translate into greater margins over time”.
Gross revenue tripled to SGD 848 million, whereas gross margin climbed to 7 p.c from 3 p.c. “The margin growth was underpinned by higher undertaking combine, improved yard utilization, productiveness beneficial properties and Sequence Construct tasks”, Seatrium stated. “The repeatability of those Sequence Construct tasks reduces dangers and improve price effectivity”.
Its internet order ebook stood at SGD 18 billion at yearend 2025, about 40 p.c of which comes from cleaner power tasks. The web order ebook includes a complete of 24 tasks that present “income visibility via to 2033”, Seatrium stated.
“The Group is actively pursuing SGD 32 billion in pipeline offers over the subsequent 24 months”, it added. “These alternatives are diversified throughout oil and gasoline, offshore wind and conversions tasks, reflecting the continued international power transition and the business’s evolving wants.
“Seatrium sees strong oil and gasoline alternatives significantly in South America and the Center East and Africa areas; whereas Europe continues to drive demand for the offshore wind section.
“Whereas oil and gasoline will proceed to be dominant within the close to time period, momentum is gathering for main offshore wind markets with favorable developments such because the securing of financing and enhancing price economics, pushed by power safety concerns.
“Oil and gasoline demand is projected to proceed rising, pushed by technological developments equivalent to synthetic intelligence. The estimated common breakeven worth vary for tasks in oilfields the place Seatrium’s property could possibly be deployed in are anticipated to stay nicely under prevailing oil costs. These tendencies reinforce sustained demand for Seatrium’s oil and gasoline manufacturing options, together with FPSOs [floating production, storage and offloading vessels], FPUs [floating production units] and stuck platforms”.
Seatrium ended 2025 with practically SGD 2 billion in money and money equal. Present property totaled round SGD 9 billion. Present liabilities stood at over SGD 7 billion.
To contact the creator, e mail jov.onsat@rigzone.com
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