Seatrium Reports Strong Financial Performance for Full Year 2024

March 24, 2025 - 11:00

Seatrium has announced its financial results for the full year 2024, showcasing impressive growth that surpassed market expectations. The company reported a revenue of S$9.23 billion, reflecting a significant increase of 27% compared to the previous fiscal year. This robust performance can be attributed to heightened demand in the maritime and offshore sectors, which have been recovering steadily.

In addition to the revenue growth, Seatrium also noted a substantial rise in net income, further solidifying its position in the industry. The company's strategic initiatives, including investments in technology and innovation, have played a crucial role in enhancing operational efficiency and expanding its market reach.

Management expressed optimism about the future, citing a strong order book and ongoing projects that are expected to drive further growth. With the maritime industry poised for continued recovery, Seatrium is well-positioned to capitalize on emerging opportunities in the coming years.