Seatrium Ltd

5E2: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Seatrium Earnings: Strong Margin Recovery; Focus Shifts to Order Momentum; Valuation Down 4%

Chokwai Lee , Nicole Lim

Feb 27, 2026

Seatrium's 2025 net profit jumped 106% year over year, supported by a sharp improvement in gross margin to 7.4% from 3.1%. Its net orderbook stands at SGD 17.8 billion across 24 projects, with deliveries scheduled through 2033. Shares are up 3% today.

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United States

Seatrium Ltd

Seatrium Earnings: Strong Margin Recovery; Focus Shifts to Order Momentum; Valuation Down 4%

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