Seatrium has launched a S$200 million share buyback programme, twice the size of its previous S$100 million repurchase plan, which was completed on 1 September 2026.
The Singapore-listed offshore and marine group announced the new programme on 22 September 2026. It will be funded from existing cash resources and carried out progressively, taking into account prevailing share prices, market conditions and the group’s capital management priorities.
The programme will operate under Seatrium’s share purchase mandate, which is subject to shareholder approval at each annual general meeting. Under the mandate, the company can repurchase up to 2% of its total issued shares.
Seatrium first disclosed plans for another share buyback programme in July alongside its financial results for the first half of 2026, but did not specify the size at that time.
The previous S$100 million programme was announced in April 2024 and fully utilised on 1 September 2026.
CEO Chris Ong said the larger programme reflected management’s confidence in Seatrium’s long-term prospects. Ong said strengthened fundamentals and margins, together with a global pipeline of opportunities being pursued by the group, provided a pathway for further growth.
The announcement follows Seatrium’s first-half financial results. Net profit rose 158.3% year on year to S$372.9 million in 1H2026, including a S$172 million gain from the divestment of non-core assets. Excluding the divestment gain, net profit increased 54% to S$212 million.
Seatrium shares opened S$0.08 higher at S$2.13 following the announcement on 22 September. At 9:54 am Singapore time, the shares were trading at S$2.09, up S$0.04, or 1.95%, according to The Edge Singapore.
