Sembcorp produced resilient 1H2024 results despite lower wholesale power prices and a major maintenance for our gas-fired power plant in Singapore. The robust contribution from our gas portfolio provides a strong anchor for our 2024 – 2028 strategy, with our portfolio of gas and renewable energy uniquely positioned to meet the strong and increasing demand expected from corporate customers including data centres.

1H2024 Results Highlights

S$3,208m

Turnover

S$889m

EBITDA*

S$532m

Net Profit before Exceptional Items

21.0%

ROE before Exceptional Items (%)**

14.4GW

Renewables Capacity***

* EBITDA (earnings before interest, tax, depreciation and amortisation) excludes major non-cash items such as the effects of fair value adjustments, remeasurements, impairments and write-offs 

** Group ROE (annualised) is calculated as annualised 1H2024 net profit with the relevant EI adjustments, divided by average shareholder fund including the annualised profit

*** Total gross renewables capacity as at June 30, 2024, including an acquisition pending completion

View our 1H2024 Financial Highlights