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ST Engineering Soars: A Look at Robust Performance and Promising Horizons

Singapore Technologies Engineering (ST Engineering) has been making headlines with its impressive financial performance, solidifying its position as a global technology, defence, and engineering powerhouse. The company recently reported record-breaking revenue and profit figures, underscoring its resilience and strategic growth initiatives in a dynamic global landscape.

For the full fiscal year 2024 (FY2024), ST Engineering achieved a remarkable record revenue of $11.28 billion, representing a substantial 12% year-on-year increase. This robust top-line growth translated into a record net profit of $702 million, up 20% from the previous year. This strong performance continued into the first quarter of fiscal year 2025 (1QFY2025), with revenue climbing to $2.9 billion and a healthy influx of new contracts totaling $4.4 billion. As of March 31, 2025, the company's order book stands strong at a near-record $29.8 billion, with a significant portion expected to be delivered within the current year.

Growth was broad-based across ST Engineering's key segments. The Defence and Public Security sector led the charge, with revenue surging 18% in 1QFY2025, driven by significant contract wins. The Commercial Aerospace segment maintained its steady performance, with robust engine MRO (Maintenance, Repair, and Operations) activities compensating for shifts in other areas. Meanwhile, Urban Solutions & Satcom also contributed positively, securing new orders in smart mobility and security solutions.

Looking ahead, ST Engineering has laid out ambitious five-year growth targets extending to 2029, projecting continued expansion across all business units. The company aims to grow its group revenue to $17 billion by 2029, exceeding global GDP growth rates. This aggressive target is supported by strong demand in the commercial aerospace sector, increasing global defense spending, and the accelerating adoption of smart city solutions and digital transformation.

Furthermore, ST Engineering's commitment to shareholder returns is evident in its progressive dividend policy. Following a proposed total dividend of 17.0 cents per share for FY2024, the company aims to increase its total dividend to 18.0 cents per share for FY2025 and is committed to paying out approximately one-third of year-on-year net profit increases as incremental dividends from FY2026 onwards.

With a strong financial foundation, a healthy pipeline of projects, and clear strategic imperatives for future expansion, ST Engineering appears well-positioned to capitalize on emerging opportunities and continue its growth trajectory in the years to come.

I will continue to DCA and keep invest in ST Engineering. Do your own due diligence before invest. 

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