CSE Global (544) Q3 2025 TU earnings summary

Executive summary

• 3Q2025 revenue rose 20.5% YoY to S$257.7m, led by Electrification; order intake fell 21.7% to S$146.1m.

• Order book was S$467.5m at 30 September 2025, down 26.2% from a year earlier.

Financial highlights

• 9M2025 revenue rose 8.7% YoY to S$698.6m, from S$642.8m.

• 9M2025 order intake was S$512.8m versus S$565.4m, down 9.3%.

Segment performance

• Electrification 3Q revenue rose 39.9% YoY to S$146.7m, supported by progressive recognition on two major Americas projects; 9M revenue rose 12.4% to S$361.4m.

• Communications 3Q revenue was S$61.7m, down 0.2% YoY, but would have grown 4.6% at constant currency; 9M revenue rose 8.2% to S$189.7m.

• Automation 3Q revenue rose 4.4% YoY to S$49.4m, largely on higher Americas technology and integrated-systems revenue; 9M revenue grew 1.1% to S$147.5m.

• Q3 order intake fell 38.7% in Electrification to S$48.0m and 52.1% in Automation to S$22.9m; Communications intake rose 24.2% to S$75.2m.