On Friday, Seatrium Limited (5E2.SI), a Singapore-based provider of engineering solutions to the oil and gas industry, reported steady project execution and net order book of S$15.5 billion across 24 projects with deliveries through 2033. The company said it remains on track to unlock over S$50 million in annual operational cost savings and over S$330 million in cash.
Chris Ong, CEO of Seatrium, said, "We continued to carry the momentum gained in FY2025 into the new financial year with steady project execution and margin improvements. With the completion of our announced divestments, we are well positioned to deliver further gross margin improvements. Amid an evolving geopolitical landscape, our diversified business across traditional, transition and clean energy aligns with energy transition and security priorities; while our global presence offers agility and resilience as we aggressively pursue robust pipeline opportunities."
Seatrium aims to strengthen its margin profile for long-term business resilience by pursuing higher-value projects.
On Friday, the shares were currently trading S$2.1600, 1.46 percent lower on the SES.
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