Financial PerformanceSCI’s 2024 results beat expectations, highlighted by a meaningful step-up in its dividend and payout ratio, which management emphasised was sustainable given its strong cashflow generation.
Renewable Energy ExpansionSembcorp Industries announced a 25-year Renewable Energy Purchase Agreement to build and operate a floating solar photovoltaic system, enhancing its renewable energy portfolio.
Strategic AcquisitionSembcorp Industries is increasing its stake in Senoko Power, which could boost its operational power capacity significantly.