Seatrium shares tumble 5.4% after fines, despite strong H1 results

[SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite posting strong results for the first half of 2025.

On Wednesday, the engineering solutions provider announced that it would pay S$240 million in fines to Brazilian and Singaporean authorities to settle corruption offences.

The counter dropped to S$2.27 at 10.19 am – a fall of 5.4 per cent or S$0.13 from its Wednesday closing price of S$2.40. By 12.30 pm, it had crept up to S$2.30, but this was still 4.2 per cent down.

By market close, it was down 5.4 per cent again at S$2.27. It was the most-traded stock by volume on the Singapore Exchange on Thursday, with 41.8 million shares having changed hands.

For the six months ended Jun 30, Seatrium’s net profit surged 301.3 per cent to S$144.4 million, while revenue was up 33.7 per cent at S$5.4 billion.