CSE Global FY2025 revenue at S$968.9 million, profit at S$37.5 million on electrification and communications gains

SGX Filings
Feb 26

CSE Global Limited reported that net profit for the 12 months ended Dec 31, 2025 jumped 42.3 percent year-on-year to S$37.5 million, lifted by stronger contributions from its Electrification and Communications segments despite higher operating costs.

Revenue rose 12.5 percent to S$968.9 million, taking earnings per share to 5.26 Singapore cents from 3.91 cents a year earlier. The board proposed a final one-tier tax-exempt dividend of 1.46 Singapore cents a share, bringing the full-year payout to 2.60 cents—an 8.3 percent increase—and payable on 19 Jun 2026.

By segment, Electrification remained the main growth engine, with turnover climbing 16.6 percent to S$507.0 million and segment EBITDA up 7.1 percent to S$45.7 million. Communications revenue advanced 12.8 percent to S$261.7 million, helped by newly acquired units, while EBITDA inched 1.4 percent higher to S$26.0 million. Automation sales edged up 3.0 percent to S$200.2 million, but EBITDA fell 15.1 percent to S$11.7 million after asset and revenue write-offs totalling about S$8.1 million.

Group gross profit improved 8.6 percent to S$261.9 million, though the margin narrowed to 27.0 percent from 28.0 percent due to cost provisions related to wastewater and automation projects, as well as higher labour and facility expenses in the Americas.

Strategically, the company booked a record S$1.03 billion of new orders, bolstering the order book to S$709.5 million. Management highlighted a strategic transaction with Amazon.com aimed at deepening exposure to the data-centre market, alongside plans to pursue selective acquisitions and capacity upgrades to support electrification, decarbonisation and artificial-intelligence-related demand.

Chief executive Lim Boon Kheng said the 2025 performance reflected resilience from a diversified portfolio and strong partnerships. He noted that priorities for 2026 include disciplined delivery of the record backlog, operational excellence, and targeting high-quality data-centre and infrastructure opportunities while maintaining robust governance and capital discipline.

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