Seatrium Limited Reports Strong 1Q 2025 Performance

Seatrium Limited ( (SMBMF) ) has released its Q1 earnings. Here is a breakdown of the information Seatrium Limited presented to its investors.

Seatrium Limited is a Singapore-based company specializing in providing engineering solutions for the global offshore, marine, and energy industries, with a focus on sustainable and cleaner energy solutions.

In its first-quarter report for 2025, Seatrium Limited highlighted its operational achievements, including the delivery of a FPSO integration project and the completion of 45 repairs and upgrades. The company also reported a robust net order book of S$21.3 billion, indicating strong future prospects.

Key financial and strategic highlights include the successful delivery of the FPSO ‘One Guyana’ and ongoing work on other FPSO projects for Guyanese waters. The company also secured new orders, such as a heavy lift vessel for the Japanese offshore wind market and a contract for a jack-up rig. Seatrium’s focus on renewables is evident with milestones in offshore wind projects and entry into the Japanese market.

The company completed significant repairs and upgrades, including the world’s first full-scale turnkey carbon capture and storage retrofit. Seatrium continues to leverage its contracts for fleet management and higher-value projects, securing a Floating Storage Regasification Unit conversion contract.

Looking ahead, Seatrium remains committed to operational excellence and cost optimization, with a focus on expanding its presence in renewables and maintaining a stable order pipeline in the oil and gas sector. The company’s diversified project portfolio positions it well to navigate the uncertain operating environment.