Seatrium Limited Announces Significant Corporate Actions in 2H2025

Seatrium Limited has released a detailed announcement outlining several noteworthy corporate actions that took place during the financial period from 1 July 2025 to 31 December 2025. These actions include the deregistration of an associated company, divestments of subsidiaries, and an increase in shareholding in a key subsidiary. Each of these events holds potential implications for shareholders and could influence Seatrium’s share value.

Key Corporate Actions

• Deregistration of Associated Company:
  • Shenzhen Chiwan Offshore Petroleum Engineering Company Ltd was officially deregistered on 21 November 2022.
  • This action removes any future obligations or benefits from this entity, streamlining Seatrium’s associated companies portfolio.
• Divestment of Subsidiaries:
  • Qatar Shipyard Technology Solutions (“QSTS”)
    • KS Investments Pte Ltd, a subsidiary of Seatrium, divested 40,000 shares in QSTS (formerly Nakilat – Keppel Offshore & Marine Ltd), representing a 20% stake, on 14 September 2025.
    • The total cash consideration for these shares was a nominal USD1,100, reflecting challenging business conditions and negative net asset value.
    • The negative net asset value attributable to the QSTS Sale Shares was approximately USD8 million (SGD10.283 million) at the date of sale.
    • The transaction was completed by 28 July 2025, and Seatrium no longer holds any shares or interests in QSTS.
    • This divestment signals a strategic exit from a loss-making entity, which could positively impact Seatrium’s future financial performance by removing the drag from negative assets.
  • Guanabara Navegação Ltda
    • Seatrium completed the divestment of its 100% equity interest in Guanabara Navegação Ltda for a substantial total consideration of USD59.7 million on 31 October 2025.
    • This transaction delivers a significant cash inflow and further focuses Seatrium’s portfolio.
    • Investors should note the potential positive impact on Seatrium’s liquidity and capital allocation from this divestment.
• Increase of Shareholding Percentage in Subsidiary:
  • Gravifloat AS
    • Seatrium increased its ownership in Gravifloat AS from 56% to 100% through the acquisition of 62,856 shares (representing 44% of Gravifloat’s total issued shares) from minority shareholders.
    • The purchase was completed for a nominal cash consideration of NOK1 on 4 November 2025, reflecting a negative net asset value of NOK2,849,000 (SGD365,000) at the date of acquisition.
    • Gravifloat is now a wholly-owned subsidiary, giving Seatrium full control over its operations and future direction.
    • This move could be strategic, potentially positioning Seatrium for future growth or restructuring in this subsidiary.

Implications for Shareholders

• The divestment of QSTS at a nominal value, despite its significant negative net asset value, removes a loss-making asset from Seatrium’s books. This could be viewed positively by investors, as it may enhance Seatrium’s future profitability and balance sheet health.
• The USD59.7 million sale of Guanabara Navegação Ltda is a substantial cash inflow, potentially supporting future dividends, capital expenditures, or debt reduction. This is a material event that shareholders should closely monitor.
• The increase in Seatrium’s stake in Gravifloat AS to 100% provides the company with greater strategic flexibility and full control, which could be leveraged for future growth or restructuring. However, the negative net asset value indicates that Gravifloat is currently loss-making, so investors should watch for future developments in this subsidiary.
• These actions mark a clear shift by Seatrium towards portfolio optimization and strategic focus, which could have medium- to long-term positive effects on share value, especially if the divestments lead to improved profitability and capital allocation.

Conclusion

Seatrium’s latest corporate actions demonstrate decisive steps towards streamlining its portfolio, improving capital allocation, and positioning itself for future growth. The divestment of loss-making assets and the acquisition of full control in a subsidiary could materially impact the company’s financial performance and share price. Shareholders should stay updated on further developments and management’s plans for cash deployment and subsidiary strategy.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions. All information is based on the latest available company disclosures as of February 2026.

View Seatrium Ltd Historical chart here