Seatrium doubles its net profit on the back of a global energy boom

Energy and marine engineering firm Seatrium doubled its net profit last year as a global energy boom picked up steam. 

The firm, No. 42 on the Southeast Asia 500, reported a net profit of 323.6 million Singapore dollars ($256.3 million) for 2025, a 106% increase from the year before. Revenue also grew by 24% to 11.5 billion Singapore dollars ($9.1 billion), largely due to growth in its oil and gas and offshore wind businesses, which grew by 24% and 60% respectively. Yet revenue from ship repairs and upgrades fell by 25%, which Seatrium blamed on “trade-related uncertainties.”

Seatrium shares rose by 3.6% after the release of the earnings. 

The Singapore firm’s strong performance comes amid a swell in global energy demand, thanks to energy-intensive technologies like AI and electric vehicles, as........

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