CSE Global posts 29.1% rise in 1Q2026 revenue, order intake surges 74.6%

SGX Filings
05/14

CSE Global reported its 1Q2026 interim business update on May, 14 2026, stating that revenue grew 29.1% year-on-year to 265.2 million Singapore dollars, compared with 205.5 million Singapore dollars in 1Q2025.

The Electrification segment led the increase with revenue up 50.1% to 146.3 million Singapore dollars, driven by major data-centre contracts in the Americas. Communications revenue climbed 18.5% to 68.6 million Singapore dollars, supported by contributions from Australia & New Zealand operations and a newly acquired subsidiary. Automation revenue remained broadly stable at 50.3 million Singapore dollars, a 0.5% uptick from the prior year.

Group order intake jumped 74.6% to 271.2 million Singapore dollars. Electrification orders rose 393.0% to 177.8 million Singapore dollars, reflecting heightened demand from data-centre clients. Communications orders advanced 20.8% to 76.9 million Singapore dollars, aided by recent U.S. acquisitions, while Automation orders fell 70.4% to 16.4 million Singapore dollars due to the absence of large energy-sector contracts booked in the preceding year.

As at Mar, 31 2026, CSE Global held an order book of 716.0 million Singapore dollars, up 16.2% from a year earlier. Management highlighted rising hardware and software costs and broader economic uncertainties but said the company remains focused on expanding its Electrification and Communications businesses, particularly in data-centre markets.

Key initiatives include leasing a new 241,000-square-foot industrial facility due to be operational in May 2026, progressing with property construction plans, and exploring additional U.S. acquisitions to grow the Communications segment. The group also aims to improve profitability in its U.S. Automation operations while pursuing infrastructure-related projects.

CSE Global expects its strengthened order book and strategic focus on data centres to support a “healthy financial performance” in 2026, though it cautioned that start-up costs and working-capital requirements for new projects, along with inflationary pressures, may affect profitability.

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