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Sembcorp’s FY2024 earnings rise 7% y-o-y to $1.01 bil; final dividend more than doubles to 17 cents

Jovi Ho
Jovi Ho • 4 min read
Sembcorp’s FY2024 earnings rise 7% y-o-y to $1.01 bil; final dividend more than doubles to 17 cents
Total dividend for FY2024 will be 23 cents per ordinary share. This is up from 13 cents in FY2023 and represents a dividend payout ratio of 40%, compared to 23% last year. Photo: Sembcorp
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Sembcorp Industries (Sembcorp) has posted group net profit before exceptional items (EI) and discontinued operation of $1.02 billion for FY2024 ended Dec 31, 2024, largely flat from $1.0 billion in FY2023, “despite a planned major maintenance in 1HFY2024”, says the Mainboard-listed firm. 

After EI and discontinued operation, FY2024 group net profit was $1.01 billion, 7% higher y-o-y.

Total turnover fell 9% y-o-y to $6.4 billion in FY2024, while 2HFY2024 turnover was 5% lower y-o-y at $3.2 billion. 

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