CSE Global Limited, a global systems integrator, announced it secured S$211.3 million in new orders for the second quarter ending 30 June 2025. This marks a year-on-year growth of 3.8%, despite significant currency fluctuations impacting the US Dollar and Australian dollar. On a constant currency basis, the order intake would have shown a 7.8% increase.
The company, which specialises in electrification, communications, and automation solutions, reported that its electrification segment accounted for the majority of the order intake. This segment secured S$94.8 million, representing 44.9% of the total orders, driven by demand from the data centre market. The communications segment also saw significant growth, with a 17.6% increase year-on-year, securing S$72.4 million in new orders. This included a major contract for engineering design and maintenance of communications networks for a data centre.
Lim Boon Kheng, Group Managing Director and CEO of CSE Global, stated, “To optimise working capital efficiency, we are focused on strategically building our order book in the data centre and infrastructure sectors, and will reduce emphasis on water and wastewater sectors in the United States of America.”
The Group concluded the first half of 2025 with an order book of S$573.8 million. These developments are not expected to materially impact the Group’s net tangible assets per share or earnings per share for the current financial year.
“`
