Singapore-based Seatrium doubled its full-year net profit to €217 million in 2025, supported by stronger margins and increased activity in offshore wind.
The offshore and marine engineering group reported a 24% rise in revenue to €7.7 billion for FY2025, driven partly by contributions from its offshore wind segment, including the efficient execution of grid connection projects for Dutch transmission operator TenneT under its 2GW HVDC programme.
Gross profit for the year tripled to €568 million, while gross margin improved to 7.4%, reflecting a better project mix, productivity gains and efficiencies from series builds.
The company said renewables and cleaner or green solutions now account for around 40% of its net order book, providing greater resilience across energy cycles. It added that it is pursuing pipeline opportunities over the next 24 months, with offshore wind identified as a key growth pillar as Europe continues to stimulate demand.
“Momentum is gathering for major offshore wind markets, supported by improving cost economics and energy security considerations,” the group said in a statement.
Chief executive Chris Ong said the latest results demonstrated the progress made under Seatrium’s transformation strategy.
“We have delivered a strong set of numbers, validating our transformation efforts to strengthen our fundamentals from which we will accelerate our growth,” Ong said.
“This strong performance also reaffirms our strategy and sets the trajectory for us to deliver reliably today while positioning boldly for tomorrow.”
Seatrium said it remains focused on higher-value projects and further cost optimisation measures to support sustained margin expansion.
