ST Engineering H1 net profit rises 27.1% to S$512.1 million on strong segment growth
An interim dividend of S$0.05 per share was declared for the second quarter
Add BT as a preferred source
[SINGAPORE] ST Engineering posted a 27.1 per cent rise in net profit to S$512.1 million for its first half ended Jun 30, 2026, from S$402.8 million in the previous corresponding period.
This was mainly due to growth across all business segments, and reflected a “more favourable business mix”, the group said on Thursday (Aug 13).
Earnings per share stood at S$0.1643 for the half-year period, up from S$0.1293 the previous year.
Revenue for H1 rose 11.1 per cent to S$6.57 billion, from S$5.92 billion a year earlier.
On a rebased basis excluding prior-year divestments Leeboy and CityCab, revenue grew 14 per cent.
An interim dividend of S$0.05 per share was declared for the second quarter, up from S$0.04 the year before. The dividend will be paid on Sep 4.
The group added that the board has planned for a Q3 interim dividend of S$0.05 per share.
ST Engineering ended the first half with an order book of S$35.7 billion. The group said it expects to deliver about S$5.7 billion from this order book in the remaining months of 2026.
Shares of ST Engineering closed S$0.08 or 0.78 per cent higher at S$10.28 on Wednesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
