CSE Global Limited, a global systems integrator, announced it secured S$146.1m in new orders for the third quarter ending 30 September 2025. Despite unfavourable foreign exchange movements impacting the order intake, the company saw a 2.7% year-on-year increase on a constant currency basis, excluding two major contracts from the previous year.
The Communications segment was the standout performer, contributing 51.5% of the total order intake with S$75.2m, marking a 24.2% increase from the previous year. This growth was largely driven by new orders from recently acquired companies in the United States. Meanwhile, the Electrification segment secured S$48m, representing a 20.2% year-on-year growth when excluding major contracts from 2024. However, the Automation segment saw a 52.1% decline, attributed to the absence of greenfield orders in the oil and gas sector.
Group Managing Director and CEO Lim Boon Kheng stated, “Whilst the global operating environment remains uncertain, our underlying operations remain strong. We continue to take a disciplined approach to tendering and project selection, with a focus on quality execution and sustainable returns.”
The new orders bring CSE Global’s order book to S$467.5m for the first nine months of 2025. These developments are not expected to materially impact the company’s net tangible assets or earnings per share for the current financial year.
