Seatrium Ltd (SMBMF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, a warm welcome to Citrum's Financial Year 2024 results briefing. I'm Judy from the Investor Relations and Corporate Communications team. Citrum announced its second half and full year results this morning before market opened on the SGX. With me today, I have our Chief Executive Officer, Mr. Chris Ong, and our Chief Financial Officer, Mr. Adrian Tang. We'll kick off today's briefing with the CEO's address, followed by the CFO and a question and answer session. I'll now pass on the mic to Mr Ong. Thank you, Judy. Good morning and welcome to Citrum Group's full year 2024 results briefing. I'm pleased to have with me Mr Adrian Tang, Chief Financial Officer. 2024 was a fruitful year for Citrum. marked by strong order wins, a decade-high order book, and most importantly, a return to full-year profitability. The progress that we have made is reflective of our collective determination and hard work. But this is just the beginning for us in our transformation journey. As we go through the slides, I will outline how we are building a strong foundation to achieve our long-term targets. In financial year 2024, our revenue grew to $9.2 billion, an increase of 27% year-on-year as we recognized revenue from the execution of our larger order book, and we also saw more higher value activity in repairs and upgrades. Underlying EBITDA improved to $771 million for financial year 2024. Reflecting our increased revenue and discipline approach to cost management, we recorded a turnaround to full-year profitability. Underlying net profit for financial year 2024 was $200 million compared to a net loss of $28 million last year. The Board of Directors has proposed a dividend of $0.15 per share for financial year 2024. We want to thank our shareholders for their patience ...