Singapore Technologies Engineering (S63) Q2 2026 earnings summary

Executive summary

• Achieved strong revenue and earnings growth in 1H2026, with earnings growth outpacing revenue growth year-over-year.

• Revenue rose 11% year-over-year to $6.573 billion, with all business segments contributing to growth.

• Net profit increased 27% to $512.1 million, driven by strong EBIT growth and lower finance costs.

• EBIT grew 23% to $738 million, outpacing revenue growth across all segments.

• The group remains confident in finishing the year strongly, supported by a robust order book and pipeline.

Financial highlights

• Revenue: $6,573m, up 11% year-over-year; rebased growth 14%.

• EBIT: $738m, up 23% year-over-year; rebased growth 27%.

• Net profit: $512m, up 27% year-over-year.

• EBITDA: $987m, up from $871m in 1H2025.

• Earnings per share: 16.43 cents, up from 12.93 cents.

Outlook and guidance

• Confident of finishing the year strongly, with growth momentum expected to continue.

• Well on track to achieve 2029 targets.

• Satcom business targets EBIT positive for 4Q2026 and FY2027.

• The group is well-positioned to drive further revenue growth, though acknowledges risks from economic and industry factors.