CSE Global (544) Q1 2025 TU earnings summary

Executive summary

• 1Q2025 revenue rose 4.0% YoY to S$205.5m, driven by Communications and Automation, particularly in the Americas; these gains offset lower Electrification revenue and declines in Asia Pacific and EMEA.

• Order intake fell 11.3% YoY to S$155.3m; the order book was S$616.0m at 31 March 2025, down 14.4% YoY.

Financial highlights

• Revenue was S$205.5m, up from S$197.5m in 1Q2024.

• Order intake was S$155.3m versus S$175.0m; the order book was S$616.0m versus S$719.3m at 31 March 2024.

Outlook and guidance

• Positioned for healthy FY2025 financial performance, subject to macroeconomic uncertainty, inflationary pressures and other market conditions; the order book stood at S$616.0m at 31 March 2025.

• Focus on Electrification and Communications, expanding engineering capabilities and technology solutions to pursue urbanisation, electrification and decarbonisation opportunities.