SEAMEC LIMITED

During the Q1 FY27 earnings conference call held on August 14, 2026, management reported a consolidated revenue of INR 297 crores, reflecting a year-on-year growth of 41%. The EBITDA for the quarter was INR 124 crores, with a profit after tax of INR 81 crores. Management highlighted the encouraging demand for specialized offshore vessels driven by increasing offshore exploration and production activities, particularly in the Middle East and India. They noted that the gradual reopening of offshore activities in Iran could support regional vessel demand. The company remains focused on operational reliability and fleet modernization while maintaining disciplined capital allocation. Management set a goal of achieving a revenue growth of 15% to 20% CAGR over the next 3 to 5 years. They also discussed the acquisition of the Seamec ANANT vessel, with a purchase consideration of USD 70 million, to be financed through internal equity and loans. The call concluded with management expressing optimism about future opportunities in the offshore sector.

Management emphasized growth opportunities and strong financial performance.