• Profitability mainly driven by margin expansion; net profit excluding divestment gains grew 54% year-on-year (“YoY”) • S$13.3 billion net order book with improving project mix: >95% consisting of Series Build projects and declining proportion of lower-margin legacy, non-FPSO projects • Shift from recovery to value creation, supported by sustained earnings growth, improving margins and disciplined execution Singapore, 31 July 2026 – Seatrium Limited (“Seatrium” or the “Group”) has delivered net profit of S$373 million for the first six months ended 30 June 2026 (“1H2026”), compared to S$144 million for 1H2025. Excluding divestment gains, net profit grew 54% year-on-year to S$212 million, reflecting the Group's strengthening earnings quality and improving operational leverage. 1H2026 revenue grew 4.7% to S$5.6 billion, up from S$5.4 billion in 1H2025, underpinned by steady execution of the Group's order book. Gross margin improved to 8.6% from 7.4% in 1H2025. Key margin drivers include a growing mix of higher-margin projects; and reduced indirect