ST Engineering expects positive H2 net profit

ST Engineering on Tuesday (Dec 30) said that it expects to report a positive net profit for the second half of 2025, after considering all the one-off effects for the half-year period.

This comes as the group had forecast a positive full-year net profit, amid its strong base operating performance, in its Nov 12 update. At the time, it also stated that H2 earnings were being assessed.

For the nine months ended Sep 30, ST Engineering recorded a 9 per cent year-on-year increase in revenue to S$9.1 billion, its latest business update indicated. The improvements followed robust performances across its three business segments.

The commercial aerospace segment posted an 11 per cent year on year increase in revenue for the nine-month period. Against the year-ago period, its defence and public security segment, as well as urban solutions and satcom segment, recorded 9 per cent and 5 per cent topline growth, respectively.

ST Engineering also proposed a special dividend of S$0.05 per share for shareholders, amounting to S$156 million or around a quarter of the cash proceeds from recent divestments.

The company said in its 9-month business update that its year-to-date divestments yielded S$594 million in total cash proceeds and S$258 million in divestment gains after tax.

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If approved by shareholders, FY2025’s total dividend, including an interim dividend of S$0.04 per share for Q3 announced earlier, will be S$0.23 per share.

Shares of ST Engineering ended Monday flat at S$8.37, before the news.

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