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CSE Global faces profit squeeze despite revenue rise

CSE Global Limited, a global systems integrator, has announced a 27.4% increase in revenue for the first half of 2026, reaching $561.5m. This growth, compared to $440.9m in the same period last year, is largely attributed to the Electrification business segment’s success in the Americas, particularly in the data centre market. The company’s gross profit also saw an 8.8% rise, amounting to $133.7m, whilst adjusted net profit was $13.9m.

The Group’s Managing Director and CEO, Lim Boon Kheng, highlighted the strategic focus on long-term demand and disciplined execution. “Our approach remains measured and deliberate, focusing our investments where we see long-term demand, scaling our capabilities according to customer needs, and maintaining disciplined execution and returns,” he stated.

CSE Global’s order intake increased by 28.3% year-on-year, with a robust order book of $620.4m as of 30 June 2026. Despite a healthy business outlook, the company anticipates moderated earnings growth for the full year due to investments in a new production facility and costs related to winding down water and wastewater projects.

The Board of Directors has proposed a one-tier tax-exempt interim dividend of 0.91 Singapore cents per ordinary share, scheduled for payment on 30 September 2026. This reflects the company’s commitment to delivering shareholder value amidst ongoing strategic investments.

This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.

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