ST Engineering H1 net profit rises 27.1% to S$512.1 million on strong segment growth
An interim dividend of S$0.05 per share was declared for the second quarter
ST Engineering reported a 27.1 per cent increase in net profit to S$512.1 million for its first half, ending June 30, 2026, compared to S$402.8 million in the same period last year. This growth was attributed to robust performance across all business segments, reflecting a more favorable business mix. Earnings per share rose to S$0.1643 from S$0.1293 for the same period.
Revenue for the half-year period increased by 11.1 per cent to S$6.57 billion, up from S$5.92 billion a year earlier. When excluding prior-year divestments Leeboy and CityCab, revenue grew by 14 per cent. The company declared an interim dividend of S$0.05 per share for the second quarter, an increase from S$0.04 the previous year, payable on September 4.
ST Engineering currently has an order book valued at $35.7 billion, with expectations of delivering approximately $5.7 billion from this order book in the remaining months of 2026. The group announced its intention to pay another interim dividend of S$0.05 per share for the third quarter.
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