Seatrium Limited (SMBMY) Q2 2026 Earnings Call Transcript

Amelia Lee
Head of Investor Relations & Corporate Communications

Good morning, everyone. Thank you for joining us at Seatrium’s First Half 2026 Results Briefing. My name is Amelia, and I take care of Investor Relations for Seatrium. This morning, we have with us our CEO, Mr. Chris Ong; our CFO, Dr. Stephen Liu.

Chris and Stephen will bring us through a short presentation before we open the floor to questions. Chris, please?

Leng Yeow Ong
CEO & Executive Director

Thank you, Amelia. Good morning, and thank you for joining us today for Seatrium’s First Half 2026 Results Briefing. Today’s results center on 3 key themes. First, despite macroeconomic uncertainties, we continue to deliver strong progress. While revenue maintained healthy momentum, our primary focus is driving margin efficiencies. Our cost optimization and divestments are delivering real sustainable benefits.

Second, we remain well positioned to capture opportunities from a global pipeline of over $32 billion. Although the market was relatively quiet in the first half, we are actively engaged across all major energy markets and expect FID momentum to accelerate in the coming quarters. Our net order book remains healthy at $13.3 billion, providing clear near-term earning visibility with a higher quality project mix.

Third, we are shifting from recovery to value creation. This means growing earnings, generating cash and building resilience by scaling our series built and adjacent services