Singapore, Feb 8, 2026, 15:31 SGT — Market closed
- Seatrium (SGX:5E2) slipped 1% to finish at S$2.06 on Friday.
- TenneT and GE Vernova hit a key milestone on their offshore wind grid platform build.
- Full-year numbers land Feb. 26. Investors will be zeroing in on cash flow and fresh orders.
Seatrium Limited (SGX:5E2) ended Friday’s session off 1%, finishing at S$2.06, with Singapore markets now shut for the weekend. 1
The timing is tricky. New offshore wind contracts are making the rounds, while a results date is looming. Traders want clarity—project buzz is notable, but financials are what count.
Seatrium’s shares often react to updates on project progress and deadlines, and both are back in focus this week. Any shift here can jolt sentiment—fresh filings aren’t even required.
Seatrium plans to publish its full-year numbers for the period ended Dec. 31, 2025, early on Feb. 26, before the market opens, according to a filing with the Singapore Exchange. 2
Seatrium, GE Vernova, and Dutch grid operator TenneT kicked off the “strike steel” milestone—the first steel cut—for the Nederwiek 2 offshore converter platform on Feb. 5, splitting activities between Seatrium’s Singapore and Batam, Indonesia yards. TenneT project director Michiel Cadenau put it simply: 2026 will get “even busier,” with three 2GW platforms heading deeper into construction. 3
These projects rely on high-voltage direct current—HVDC—to push electricity across long stretches, often losing less energy than traditional lines. Offshore, converter platforms grab power from wind farms, then feed it to shore through cables.
Seatrium’s latest offshore-wind achievement gives investors something to chew on: a bigger workload, but more execution risk too. These multi-year projects eat up cash up front, and just one schedule slip or a spike in costs can quickly change the picture.
Friday’s dip felt more like markets drifting than passing judgment. Even a small change can swell once trading resumes—particularly for a stock that lives and dies by milestones and shipment deadlines.
Still, there’s a clear risk here. Offshore and marine engineering jobs don’t come off an assembly line—complex, tailored work brings potential for delays, redesign headaches, or rising costs. Margins and working capital can get hit, and that usually turns up fast in the earnings.
As SGX opens Monday, attention turns to Seatrium to see if it moves with the offshore-wind news or simply follows general market sentiment. The more definitive test comes Feb. 26: Seatrium’s earnings report lands, and investors zero in on margins, cash flow, and fresh order intake — that is, new work in the pipeline going into 2026.
