According to the CEO, the group is likely to meet its FY2028 targets based on its current order book, operational efficiencies, costs, divestments of its non core assets and running costs.
Seatrium is making “steady progress” towards its targets it set for FY2028, says CEO Chris Ong at the company’s 3QFY2025 ended Sept 30 results briefing on Nov 13. The FY2028 targets were announced at Seatrium’s inaugural investor day on March 15, 2024.
At the time, Seatrium had several goals, including achieving a revenue target of $10 billion to $12 billion by FY2028. Other goals included an ebitda of over $1 billion, a return on equity (ROE) of over 8% and a net debt to ebitda of 2.0 to 3.0 times.
