Singapore Technologies Engineering ( (SGGKF) ) has released its Q4 earnings. Here is a breakdown of the information Singapore Technologies Engineering presented to its investors.
Singapore Technologies Engineering Ltd, a leading technology and engineering group in the aerospace, electronics, land systems, and marine sectors, has reported its financial results for the fiscal year ending December 31, 2024. The company operates globally, providing innovative solutions and services to commercial and defense customers.
The company has demonstrated strong financial performance for the year 2024, with a notable increase in revenue and profitability. Revenue for the year reached SGD 11.28 billion, marking a 12% increase from the previous year, driven by growth across all business segments. The company’s earnings before interest and tax (EBIT) also saw an 18% rise, reaching SGD 1.08 billion, reflecting improved operational efficiencies and strategic initiatives.
Key financial highlights include a 19.7% increase in profit attributable to shareholders, amounting to SGD 702.26 million. The Commercial Aerospace segment contributed significantly with a 12% revenue growth, while the Defence & Public Security segment saw a 16% increase. Urban Solutions & Satcom also reported a modest 1% growth. The company’s strong cash flow from operating activities, amounting to SGD 1.72 billion, underscores its robust financial health.
Looking ahead, Singapore Technologies Engineering remains optimistic about its growth prospects, focusing on leveraging its technological expertise and global footprint to capture new opportunities in the evolving market landscape. The management is committed to maintaining its strong financial position and delivering value to its stakeholders.