ST Engineering has reported revenues of S$9.1bn ($7bn) for the first nine months of 2025, up 9% compared to the same period last year.
This was driven by a “strong performance” across its three business segments: commercial aerospace, defence & public security, and urban solutions & satcom.
Commercial aerospace revenues were up 11%, supported by strong engine MRO and nacelles growth. The growth was partially offset by lower passenger-to-freighter conversion revenue.
The company said its orderbook had reached a new high of S$32.6bn ($25bn) as of the end of September 2025. Around S$2.8bn ($2.2bn) of this orderbook is expected to be delivered during the fourth quarter of the year.
During the nine-month period, the company secured S$14bn ($10.8bn) in new contracts, including S$4.9bn ($3.8) during the third quarter.
ST Engineering declared an interim dividend of 4 cents per share for the third quarter of 2025. The board will propose a final dividend of 6 cents per share for the full year.
Earlier this week, the company sold its entire 51% equity interest in its joint venture of SPTel to Seraya.
In September, the company sold its remaining shares in CityCab to ComfortDelGro, and in July it sold its US-based road construction equipment manufacturer subsidiary LeeBoy to the Fayat Group.
These divestments collectively generated cash proceeds of S$594 million ($456.2 million) and divestments gain after tax of S$258 million ($198.2 million).
As a result of the cash proceeds from these divestments, the board will also propose a special dividend of 5 cents per share.
“The group’s recent divestments were the result of our continual portfolio review to ensure our capital is prioritised for strategic growth areas,” said ST Engineering group president and CEO Vincent Chong.
"The divestments have unlocked value and improved our cash position. We remain financially strong to re-invest to pursue growth as we continue to focus on executing our mid-term plans.”
In other news, the company purchased two 737-800SF aircraft from Titan Aviation Leasing.
Titan said the sale will allow it to redeploy capital from mature assets to new aircraft acquisitions while the aircraft remain on lease to established operators.