ST Engineering posts 9 per cent quarterly revenue growth, raises dividend
Nine-month contract wins reached S$13.2 billion, while the order book climbed to a record S$37.7 billion.
ST Engineering announced on 13 November that third-quarter revenue reached S$3.4 billion, up 9 per cent against S$3.1 billion a year earlier. The Singapore group also raised its interim quarterly payout to S$0.05 per share from S$0.04.
Revenue across January to September 2026 amounted to S$10 billion, a 10 per cent increase against S$9.1 billion in the comparable period. Growth was 13 per cent when rebased to exclude divested US construction equipment business LeeBoy. Dividends declared across the three quarters totalled S$0.14 per share.
The group reported S$13.2 billion of contract wins over nine months, with Q3 contributing S$5.6 billion. The nine-month amount did not include S$1.7 billion of order book recognition for the New Jersey Turnpike Authority. Its order book reached a record S$37.7 billion at end-September, compared with S$33.2 billion at end-2025. Deliveries of about S$3.1 billion are expected before the end of 2026.
Defence and public security generated the largest share of nine-month revenue: about S$4.3 billion, representing 7 per cent growth. Commercial aerospace contributed about S$4.1 billion after a 12 per cent increase, while urban solutions and satellite communications brought in about S$1.7 billion, up 15 per cent.
ST Engineering put its operating expenses-to-revenue ratio at a record low of 9 per cent over nine months. That compared with 10.2 per cent for 2025, a figure that excluded a one-off impairment loss for iDirect group.
