Sembcorp Industries ( (SCRPF) ) has released its Q4 earnings. Here is a breakdown of the information Sembcorp Industries presented to its investors.
Sembcorp Industries is a Singapore-based company specializing in energy and urban solutions, with a focus on driving energy transition and sustainable urban development across 11 countries.
Sembcorp Industries reported a resilient net profit of S$1.0 billion for the fiscal year 2024, marking a 7% increase from the previous year. The company attributes this growth to its strategic focus on three key segments: Gas and Related Services, Renewables, and Integrated Urban Solutions.
The Gas and Related Services segment proved to be a strong performer, with net profits of S$727 million despite challenges such as a major maintenance and declining electricity prices in Singapore. The company also expanded its portfolio by acquiring a 30% interest in Senoko Energy. Meanwhile, the Renewables segment faced some setbacks due to curtailment in China and lower wind speeds in India, yet it still contributed S$183 million in net profit. The Integrated Urban Solutions segment experienced a significant turnaround, achieving a 40% increase in net profit to S$169 million, driven by higher land sales in Vietnam and Indonesia.
Sembcorp’s board has proposed a final dividend of 17.0 cents per share, bringing the total dividend for the year to 23.0 cents per share, reflecting a 77% increase. This move underscores the company’s confidence in its future performance and its commitment to delivering value to shareholders.
Looking ahead, Sembcorp is poised to capitalize on growth opportunities in energy transition, AI transformation, and industrial realignment. The company remains committed to strengthening its growth engines and driving long-term expansion, aiming to enhance shareholder value in the coming years.