SINGAPORE – Sembcorp Industries posted a net profit from continuing operations of S$984 million for the year ended Dec 31 2025, down 4% year-on-year, as stronger contributions from its Renewables and Integrated Urban Solutions businesses cushioned weaker earnings in Gas and Related Services.
Full-year turnover slipped 10% to S$5.80 billion. The board proposed a final dividend of 16.0 Singapore cents a share, bringing the full-year payout to 25.0 cents, 9% higher than FY2024. The interim dividend of 9.0 cents was paid in August 2025; the final distribution is subject to shareholder approval.
Segmentally, net profit before exceptional items (EI) for Gas and Related Services fell 4% to S$701 million on softer generation spreads in Singapore and lower contributions from the UK, partly offset by a stronger showing at Senoko Energy. Renewables earnings rose 5% to S$192 million, buoyed by improved performance from the India portfolio. Operational renewable capacity reached 15.0 GW at end-2025, up from 13.1 GW a year earlier; including projects under construction, gross renewables capacity stands at 20.4 GW. Integrated Urban Solutions added S$178 million, an increase of 3 % YoY, as the urban business expanded its low-carbon industrial park footprint and grew ready-built space, while the water unit continued portfolio optimisation. Decarbonisation Solutions recorded a S$23 million loss, widening 15 % YoY, and corporate costs narrowed to S$209 million.
Headline earnings were dented by a S$154 million foreign-exchange loss on a deferred-payment note, reversing a S$10 million gain a year earlier. Nevertheless, a S$143 million gain on the sale of SembEnviro and S$39 million of bargain-purchase gains lifted total exceptional items to S$135 million, softening the FX impact.
Management said roughly 80 % of the group’s Singapore contracted power portfolio is secured for at least five years, underpinning earnings visibility. During the year Sembcorp added 3.6 GW of renewable capacity across key markets and agreed to acquire Australian utility Alinta Energy, moves the company said strengthen its position in the global energy transition.
Group chief executive Wong Kim Yin noted that the diversified portfolio enabled Sembcorp to withstand volatility in conventional power markets, while the increased dividend reflects confidence in sustainable returns. He added that the Alinta purchase and the growing renewables pipeline should support future growth as the company targets further expansion in clean energy and low-carbon urban solutions.