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Seatrium (5E2) Q1 2025 TU earnings summary

Event summary combining transcript, slides, and related documents.

Logotype for Seatrium Limited

Q1 2025 TU earnings summary

6 Jun, 2025

Executive summary

  • Delivered one FPSO integration project and completed 45 repairs & upgrades in 1Q 2025.

  • Net order book at S$21.3 billion, with 26 projects scheduled through 2031.

  • Secured new orders in offshore wind and jack-up rig markets, expanding into Japan.

Financial highlights

  • Net order book of S$21.3 billion as of 31 March 2025, including S$7.1 billion in renewables and green solutions.

Outlook and guidance

  • Stable order pipeline for oil and gas, supported by energy security and demand.

  • Opportunities in offshore wind remain strong in Europe and Asia Pacific despite US market uncertainties.

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