Sembcorp Delivers Underlying Net Profit of S$1 billion in FY2025
February 25, 2026
- Total dividend of 25.0 cents per share, up 9% from 23.0 cents per share in FY2024
Singapore, February 25, 2026 – Sembcorp Industries (Sembcorp) delivered resilient performance for the full year of 2025 (FY2025), with underlying Group net profit of S$1.0 billion, comparable to FY2024. Earnings growth from the Renewables and Integrated Urban Solutions segments mitigated lower earnings from the Gas and Related Services segment. Reported Group net profit from continuing operations was S$984 million, 4% lower year-on-year, as the gain from the divestment of SembEnviro was offset by the foreign exchange loss on the deferred payment note.
Underlying net profit for the Gas and Related Services segment was S$701 million, with lower contribution from the UK business and lower generation spreads in Singapore. This was offset by higher contribution from Senoko Energy. As of February 2026, approximately 80% of our contracted portfolio in Singapore1 is locked in for five years and above, providing earnings visibility.
Net profit before exceptional items (EI) for the Renewables segment was 5% higher at S$192 million in FY2025 on stronger performance from the India renewables portfolio. Operational capacity as of end 2025 was 15.0GW, up from 13.1GW as of end 2024. Since end 2024, Sembcorp has secured 3.6GW of renewables capacity across key markets. Including projects under construction, the Group’s gross renewables capacity is now at 20.4GW.
The Integrated Urban Solutions segment posted net profit before EI of S$178 million, 3% higher year-on-year. The Urban business continues to build up its portfolio of lowcarbon industrial parks and ready-built industrial space, while we continue to sharpen our portfolio focus in the Water business.
In view of the Group’s resilient performance, the Board of Directors proposes a final dividend of 16.0 cents per share, subject to shareholders’ approval. Together with the interim dividend of 9.0 cents paid in August 2025, total dividend for FY2025 will be 25.0 cents per share, representing an increase of 9% compared to 23.0 cents in FY2024.
Quote from Wong Kim Yin, Group CEO of Sembcorp Industries: “Sembcorp delivered a resilient performance in 2025, reflecting the strength of our diversified portfolio. This year’s dividend affirms our confidence in the company’s future performance and ability to generate sustainable returns. Looking forward, our diversified portfolio, together with the acquisition of Alinta Energy, strengthens our position to capture future growth opportunities. Sembcorp is well-positioned to drive the energy transition and create long-term value for ourshareholders.”
FINANCIAL SUMMARY
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1Based on aggregated maximum contracted load across customer agreements and remaining contract tenure as at February 25, 2026. Excludes Senoko Energy