Seatrium has doubled full-year net profit to €217m on the back of stronger margins and a boost from offshore wind activity.
Revenue rose 24% to €7.7bn in FY2025, driven in part by the offshore wind segment, which benefited from efficient execution of TenneT 2GW HVDC projects.
The group said renewables and cleaner or green solutions now make up about 40% of its net order book, providing long-term resilience across energy cycles.
Seatrium is also pursuing pipeline deals over the next 24 months, with offshore wind a key pillar as Europe continues to drive demand.
Momentum is gathering for major offshore wind markets, supported by improving cost economics and energy security considerations, it said.
Chief executive Chris Ong said the results validated the group’s transformation efforts and positioned it for further growth.
“We have delivered a strong set of numbers, validating our transformation efforts to strengthen our fundamentals from which we will accelerate our growth,” said Ong.
“This strong performance also reaffirms our strategy and sets the trajectory for us to deliver reliably today while positioning boldly for tomorrow.”
FY2025 gross profit tripled to €568m while gross margin improved to 7.4%, supported by better project mix, productivity gains and series-build efficiencies.
The group said it remains focused on higher-value projects and further cost optimisation to support sustained margin expansion.