ST Engineering Q3 revenue rises 9% to S$3.4 billion, declares interim dividend of S$0.05 per share

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Order book hits record S$37.7 billion as at end-September, up from S$33.2 billion as at end-2025

Order book hits record S$37.7 billion as at end-September, up from S$33.2 billion as at end-2025

[SINGAPORE] ST Engineering’s revenue for the third quarter ended September rose 9 per cent year on year to S$3.4 billion, from S$3.1 billion in the previous corresponding period, the group said on Friday (Nov 13).

The technology and engineering company declared a third-quarter interim dividend of S$0.05 per share, up from S$0.04 a year earlier. Its Q1 and Q2 dividends were S$0.04 and S$0.05 per share, respectively, bringing the total for the first three quarters to S$0.14 per share.

For the first nine months of 2026, revenue increased 10 per cent to S$10 billion, from S$9.1 billion in the same period a year earlier. Excluding LeeBoy, its US-based construction equipment business divested on Sep 4 last year, revenue grew 13 per cent on a rebased basis.

Defence and public security was the group’s largest revenue contributor for the nine-month period, generating some S$4.3 billion, up 7 per cent year on year. Excluding LeeBoy, revenue from the segment grew 13 per cent. Q3 revenue rose 8 per cent to S$1.4 billion, or 12 per cent on a rebased basis.

The increase was led by marine and digital systems and cybersecurity businesses. The segment secured S$5.5 billion in new contracts in the first nine months, including S$1.8 billion in Q3.

These included a five-year contract to supply 40 mm ammunition to the UK Ministry of Defence, projects involving defence command-and-control systems in Singapore, and maintenance and support services for the US Navy’s fleet.

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Meanwhile, commercial aerospace revenue rose 12 per cent to about S$4.1 billion in the first nine months, supported by higher contributions from engine maintenance, repair and overhaul work and nacelles, a container for aircraft parts. Revenue for Q3 increased 7 per cent to S$1.4 billion.

Opening of the article, excerpted from The Business Times. To read the rest, open the article on the publisher's site.