Singapore Technologies Engineering Ltd (ST Engineering) has announced a robust financial performance for the first nine months of 2025, with group revenue reaching $9.1b, marking a 9% increase year-on-year. This growth was driven by strong performances across its three main business segments: Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom.
The company’s order book has reached a record high of $32.6b as of the end of September 2025, with $14b in new contracts secured during the period. This includes $4.9b in contracts from the third quarter alone. ST Engineering expects approximately $2.8b of this order book to be delivered by the end of the year.
Vincent Chong, Group President and CEO, highlighted the company’s strategic focus, stating, “Our nine-month year-to-date performance was underpinned by robust revenue growth whilst our order book reached a new high. These strong underlying results reflect the strength and resilience of our business strategy and fundamentals.”
In addition to its financial results, ST Engineering announced plans to propose a final dividend of 6.0 cents per share and a special dividend of 5.0 cents per share, subject to shareholder approval at the 2026 AGM. These dividends are part of the company’s strategy to share value realisation with shareholders, following recent divestments that generated $594m in cash proceeds.
Despite these dividend payments, the company remains financially strong, with plans to reinvest in growth opportunities or reduce debt. The recent divestments, including the sale of subsidiary LeeBoy and shareholding interests in CityCab and SPTel, have improved the company’s cash position and are part of a continual portfolio review to prioritise strategic growth areas.
