ST Engineering Q3 revenue rises 9% to S$3.4 billion, declares interim dividend of S$0.05 per share

ST Engineering reported a 9% increase in third-quarter revenue to S$3.4 billion, up from S$3.1 billion in the prior period. The company declared an interim dividend of S$0.05 per share, an increase from the previous S$0.04. Looking at the first nine months, revenue grew by 10% to S$10 billion, while excluding the divested LeeBoy business, revenue rose 13% to S$10 billion.

Defence and public security generated the largest portion of revenue, amounting to S$4.3 billion, a 7% year-on-year increase. Excluding LeeBoy, this segment saw a 13% revenue growth. Marine and digital systems, as well as cybersecurity businesses, contributed 8% to Q3 revenue and 12% to the first nine months. New contracts for these segments totaled S$5.5 billion in the first nine months, including S$1.8 billion in Q3.

In commercial aerospace, revenue grew by 12% to S$4.1 billion in the first nine months, with Q3 revenues rising 7% to S$1.4 billion. Wins included a five-year contract for ammunition to the UK Ministry of Defence and maintenance contracts with the US Navy. Urban solutions and satellite communications revenue increased 15% year-on-year to S$1.7 billion, with Q3 revenue growing 15% to S$600 million.

New contracts for these segments amounted to S$3.5 billion in the nine months, including S$2.4 billion in Q3. The group secured S$13.2 billion in new contracts in the first nine months, including S$5.6 billion in Q3. The order book reached a record S$37.7 billion by the end of September, with about S$3.1 billion expected to be delivered in the remainder of 2026.

ST Engineering also explored long-term opportunities in the nuclear energy sector, focusing on complex, safe, and mission-critical environments.