Singapore Technologies Engineering (SGX: S63)
Singapore Technologies Engineering, or STE, reported a robust set of earnings for the first half of 2025 (1H 2025).
Revenue rose 7.2% year on year to S$5.9 billion, while operating profit increased by 15.2% year on year to S$602.2 million.
Net profit climbed nearly 20% year on year to S$402.8 million.
STE also churned out a positive free cash flow of S$484.6 million for 1H 2025, though this was 7.3% lower than the previous year’s S$523 million.
The engineering giant saw healthy year-on-year revenue increases for its Commercial Aerospace (CA) and Defence & Public Security (DPS) segments.
Revenue for CA grew 5% year on year to S$2.35 billion while operating profit shot up 18% year on year to S$223 million, contributed by higher sales from engine MRO (maintenance, repair and overhaul) and nacelles.
DPS saw revenue rise 12% year on year to S$2.65 billion, with growth coming from all sub-segments….
