Seatrium has reported earnings of $144 million for 1HFY2025, up 301% y-o-y. Revenue in the same period ended June 30 was up 34% to $5.4 billion.
Due to a more favourable mix of projects and better efficiencies, Seatium was able to improve its gross margin from 3.7% in 1HFY2024 to 7.4% in 1HFY2025.
As at end-June 2025, Seatrium’s net order book stood at $18.6 billion, of which $6.3 billion are renewables and cleaner/green solutions.
“Our 1H2025 financial results demonstrate the strength of Seatrium’s disciplined execution, as well as the robustness and diversity of our order book," says CEO Chris Ong.
"Despite a volatile macro environment, rising global energy demand and an increased focus on energy security continue to shape industry priorities and underpin a sizeable pipeline for energy infrastructure assets.
"Our healthy order book continues to provide revenue visibility, and we remain confident in delivering long-term value to all our stakeholders by building a profitable and resilient business,” he adds.
Ong warns that there are short-term market volatility from rising trade tensions. However, energy transition and security remain global priorities, which Seatrium "is well-positioned to lead".
Seatrium shares closed at $2.40 on July 30, up 0.84%.
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