ST Engineering expects positive net profit in H2 2025

This is after it recorded $14b in contract wins and a $3.26b order book during 9M2025.

ST Engineering said that it expects a positive net profit for the second half (H2) of 2025 once it has considered the effects for the half-year period.

This follows a report the firm made on 12 November 2025, in which it forecasted a positive full-year net profit supported by its strong base operating performance. ST Engineering said its H2 earnings were being assessed at the time.

For the nine months of 2025 ended 30 September, ST Engineering recorded $14b in contract wins and its order book stood at $32.6b, it said in its third quarter (Q3) 2025 market update.

Year-on-year (YoY) top-line growth reached 11% for the firm’s commercial aerospace segment, 9% for its defence and public security segment, and 5% for its urban solutions and satcom segment, the report added.

The business also saw a 9% YoY increase in revenue to $9.1b, driven by the performances across its three business segments and the order book.

If approved by shareholders, ST Engineering’s total dividend for FY2025 will stand at $0.23 per share for Q3. This includes a previously announced interim dividend of $0.04 per share for the period.

Under its new dividend policy that is set to take effect from FY2026, ST Engineering plans to pay out a third of its year-on-year increase in net profit as incremental dividends.

ST Engineering said its year-to-date divestments yielded $594m in total cash proceeds and $258m in divestment gains after tax.

The divestment included cash proceeds of $335m from its divestment of its whole stake in ST Engineering LeeBoy, a construction equipment manufacturer based in North America.

The company also received proceeds of $145m from its sale of broadband connectivity provider SPTel, its joint venture with SP Group, and the sale of its entire shares of taxi operator CityCab resulted in $114m.

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