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.”
