Significant Revenue Growth
Seatrium reported a 34% increase in revenue to $5.4 billion for the first half of 2025, up from $4 billion in the same period last year.
Remarkable Increase in Net Profit
Net profit increased by 301% to $144 million from $36 million a year ago.
Improved Gross Margin
Gross margin significantly widened by 370 basis points to 7.4% for the period.
Strong Order Book
Net order book stood at $18.6 billion, with $6.3 billion anchored in renewables and cleaner energy solutions.
Strategic Wins in Offshore Wind and Oil & Gas
Seatrium marked its entry into Japan's offshore wind market and secured multiple FPSO and FSRU projects.
Deleveraging and Financial Health
Net debt to EBITDA improved to 1x from 2.9x, with a strong liquidity position of over $3.5 billion in cash and undrawn facilities.