Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs

Sembcorp Industries declared an interim dividend of S$0.11 per share, marking a 22% increase from S$0.09 in the previous six months. This decision comes despite a significant 72% drop in profit for the first half of 2026, which fell to S$150 million from S$536 million a year earlier. The decline was mainly due to costs associated with the acquisition of Australian energy provider Alinta, which totaled S$155 million.

Excluding exceptional items and certain other factors, underlying net profit for H1 2026 fell by 25% to S$369 million, down from S$491 million in the corresponding period a year ago. However, Sembcorp remains confident in its future performance and is committed to delivering sustainable returns to shareholders. Group turnover rose by 28% to S$3.77 billion, driven by higher energy prices in Singapore and the consolidation of Alinta's revenue.