- ST Engineering (SGX:S63)'s 2H25 revenue grew 12% y-o-y to S$6.4b, driven by stronger contributions across all key segments. Net profit came in at S$59.9m, impacted by impairment losses, but partly offset by divestment gains.
2H25 results impacted by one-offs
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- A final dividend of 6 Singapore cents and special dividend of 5 Singapore cents were declared. Together with the interim dividend of 12.0 Singapore cents, this brought FY25 ST Engineering's dividends to 23 Singapore cents, up 35% y-o-y.
Strong revenue visibility underpinned by robust order book
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- Defence & Public Security continued to contribute steadily with revenue and EBIT growing 9% and 20% y-o-y respectively.
- Urban Solutions & Satcom revenue grew modestly by 6% y-o-y, while EBIT fell 36% y-o-y, affected by higher satcom losses in 2H25.
- ST Engineering secured S$18.7b of new contracts in FY25, up 48% y-o-y and ended the year with a robust order book of S$33.2b, providing strong revenue visibility with about S$9.9b of order book expected to be delivered in FY26.
Re-rating story intact
- Read more at SGinvestors.io.
