Seatrium FY2025 net profit up 106% as oil and offshore wind revenue lifts

Gross profit rose to $848m, whilst gross margin improved to 7.4% from 3.1%.

Seatrium Limited has recorded a net profit of $323.6m for the financial year ended 31 December 2025 (FY2025), up 106% year-on-year from $156.8m.

Gross profit rose to $848m from $291m in the previous year, whilst gross margin improved to 7.4% from 3.1%, according to a press release.

Revenue rose 24% to $11.5b in FY2025, up from $9.2b.

The increase was attributed to the group’s ‘Oil & Gas’ and ‘Offshore Wind’ segments, supported by the execution of the Petrobras P-Series FPSO and TenneT 2GW HVDC projects.

Seatrium said it expects to realise over $50m in annualised cost savings from previously announced strategic divestments expected to be completed by the first half of 2026.

It added that total annualised cost savings are projected to exceed $100m by FY2028, following additional divestments and the return of Admiralty Yard to the authorities.

The board has proposed a final dividend of 3.0 cents per share for FY2025, an increase from 1.5 cents per share for FY2024.

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