Seatrium net profit soars 158% y-o-y to $373 million for 1HFY2026

Lin Daoyi

Jul 30

Seatrium is pursuing $32 billion in new contracts.Mainboard-listed Seatrium has reported a 158% y-o-y increase in net profit to $373 million for 1HFY2026 ended June 30. Excluding one-off divestment ...

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Excluding one-off divestment ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/results/seatrium-net-profit-soars-158-y-o-y-373-million-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seatrium net profit soars 158% y-o-y to $373 million for 1HFY2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeatrium net profit soars 158% y-o-y to $373 million for 1HFY2026\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-30 23:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/results/seatrium-net-profit-soars-158-y-o-y-373-million-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Lin Daoyi</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seatrium is pursuing $32 billion in new contracts.Mainboard-listed Seatrium has reported a 158% y-o-y increase in net profit to $373 million for 1HFY2026 ended June 30. Excluding one-off divestment ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/results/seatrium-net-profit-soars-158-y-o-y-373-million-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6065","symbol_name":"建筑机械与重型卡车","start_time":0,"source_url":"https://www.theedgesingapore.com/news/results/seatrium-net-profit-soars-158-y-o-y-373-million-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2655603365","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/results/seatrium-net-profit-soars-158-y-o-y-373-million-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655603365","pubTimestamp":1785426763,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Seatrium is pursuing $32 billion in new contracts.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6065":"建筑机械与重型卡车","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","5E2.SI":"海庭"},"translate_title":"Seatrium 2026 财年上半年净利润同比飙升 158% 至 3.73 亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5E2.SI":1.98},"content_text":"Seatrium is pursuing $32 billion in new contracts.Mainboard-listed Seatrium has reported a 158% y-o-y increase in net profit to $373 million for 1HFY2026 ended June 30. Excluding one-off divestment gains, earnings grew 54% y-o-y to $212 million, reflecting \"strengthening\" earnings quality and \"improving\" operational leverage, according to its bourse filing on July 31. However, no interim dividend was declared.\nRevenue for the half-year grew 4.7% y-o-y to $5.6 billion, with gross margin improving to 8.6% from 1HFY2025's 7.4%. Ebitda, excluding divestment gains, rose 20% to $479 million. The stronger margin is attributed to a higher margin product mix as well as lower indirect overheads from better productivity, strategic divestments and cost discipline. Seatrium expects the margin drivers to sustain into the full year to deliver progressive margin improvements. \nAs at end-June, Seatrium's net order book stood at $13.3 billion, comprising 24 projects with deliveries through to 2033. Over 95% of the order book comprises \"Series Build\" projects that provide greater execution certainty and efficiency, says Seatrium which adds that ongoing projects \"largely remain\" on schedule, with large-scale projects such as the P-80 and P-82 FPSOs for Petrobras and Shell Sparta floating production unit (FPU) on track for sailaway in 2H2026.\n\"Our solid 1H2026 results reinforce the consistent progress we are making towards building a resilient and more profitable Seatrium\" says CEO Chris Ong. \"Our focus on structural cost optimisation has unlocked value and started to yield tangible results.\"\nWhen asked by The Edge Singapore on whether a bumper dividend could be expected for the fully-year results, Ong says that the business has to strike a balance between growth and shareholder returns. \"We, at all opportunities, will try to reward our shareholders, but we [also] have to balance between investing for growth and returning to shareholder.\" Ong adds that another way to return capital to shareholders is through share buybacks which Seatrium has been doing.\nBesides focusing on the present, Seatrium is looking forward to the future. According to its announcement, Seatrium has an opportunity pipeline exceeding $32 billion over the next 24 months, diversified across oil and gas ($21 billion), offshore wind ($9 billion) and conversions ($2 billion). \nSeatrium has identified Brazil as the \"anchor\" market for deepwater floating, production, storage and offloading (FPSO) vessels. With three yards in Brazil that support the fulfilment of local content obligations, Seatrium believes it is well-placed to compete across the full FPSO value chain, including upcoming FPSO tenders in Brazil with similar full engineering, procurement, construction and commissioning (EPCC) scope as the six P-Series projects in its order book.\nThe company also believes it is well-positioned to capture growth opportunities in key offshore wind markets. It notes that while final investment decisions may moderate in the near term, long term demand is underpinned by grid upgrade programmes in Europe and ambitious renewable energy targets across Asia-Pacific, reinforcing a pipeline for offshore wind infrastructure.\nFor the LNG market, Seatrium seeks to leverage its market-leading position to capture new contracts as tailwinds in the segment fuel demand.\n\"Global pipeline opportunities remain robust - we are actively engaged across every major energy market and expect the momentum of FID to accelerate in subsequent quarters,\" says Ong. \"We remain steadfast in our key strategic priorities, and are on track to achieve our FY2028 steady-state targets that will enhance total shareholder returns.\"\nAlongside the one-off divestment gains, Seatrium expects its FY2026 net profit to be materially higher than FY2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}