Sembcorp Industries, based in Singapore, reported a strong financial performance in FY 2024, with a net income of $1.01 billion, marking a 7% increase from the previous year. Despite facing a planned major maintenance in the first half of the year, the company managed to increase its net profit. The gas and related services segment played a significant role in contributing to Sembcorp's total profit, with a net profit before exceptional items of $727 million. The completion of the acquisition of a 30% interest in Senoko Energy's hydrogen-ready power plant is expected to further boost the company's earnings upon completion in 2026. Another key component of Sembcorp's profit is its renewables segment, which faced challenges such as curtailment in China and lower wind speeds in India. However, the company has secured 4.1 gigawatts of renewables capacity since 2023, expanding its clean power capacity to 17.0 GW. The integrated urban solutions segment also saw a significant increase in net profit, thanks to higher land sales in Vietnam and Indonesia. Sembcorp's strategic plans for the future revolve around seizing growth opportunities in energy transition, AI transformation, and industrial realignment, with a focus on the gas and related services, renewables, and integrated urban solutions segments.