ST Engineering net profit up 20% in H1

Revenue for the period also rose 7%YoY to $5.92b.

Singapore Technologies Engineering Ltd (ST Engineering) posted a 20% increase in net profit for the first half of 2025, reaching $403m compared with $337m a year ago.

The group’s revenue rose 7% year-on-year to $5.92b, with EBITDA increasing 11% to $871m and EBIT climbing 15% to $602m.

Excluding the impact of a weaker US dollar against the Singapore dollar, revenue would have grown 8%, while the effect on net profit was negligible.

In the commercial aerospace segment, revenue grew 5% to $2.35b, supported by higher Engine MRO and Nacelles sales, whilest EBIT rose 18% to $223m due to improved margin mix and cost savings.

Defence & Public Security revenue increased 12% to $2.65b, with EBIT up 13% to $367m, and Urban Solutions & Satcom revenue remained flat at $921m, though EBIT improved to $12m from $9m.

Tariff impacts on results were minimal, and $34m in commercial aerospace revenue was deferred to the second half, below prior expectations.

ST Engineering secured $9.1b in new contracts in the first half, including $4.7b in the second quarter, bringing its order book to $31.2b at 30 June 2025, with about $5b expected to be delivered in the remainder of the year.

The board has approved a 2Q2025 interim dividend of 4.0 cents per share, payable on 5 September 2025.

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