For FY2025 ended Dec 31, Mainboard-listed CSE Global reported $37.5 million in net profit, a 42.3% increase from the previous year. Revenue rose 12.5% y-o-y to $968.9 million driven by the electrical and communications business segments in the Americas according to a bourse filing on Feb 26.
On a diluted basis, earnings per share for the full-year increased 34.5% y-o-y to 5.26 cents from 3.91 cents.
CEO Lim Boon Kheng says that the company achieved several milestones for FY2025. These included entering a “strategic” transaction with Amazon, paving the way for CSE to grow its presence in the date-centre market.
“Despite the market uncertainty, CSE Global demonstrated resilience during the year through our diversified business, strong partnerships and clear strategic direction that has driven growth sustainably to create more value for our stakeholders,” Lim says.
On a segmental basis, the electrification segment saw revenue rising by 16.6% y-o-y to $507 million. The increase was attributed to revenue recognition from major contracts secured in the Americas region in prior years and earlier this year in the data centre and liquefied natural gas markets.
Revenue from the communications segment grew 12.8% y-o-y to $261.7 million in FY2025. The growth was mainly driven by revenue contributions from newly acquired subsidiaries, which added $35.8 million to revenue.
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The automation segment recorded a modest growth of 3% for revenue, increasing to $200.2 million in FY2025 mainly attributed to higher project revenue achieved in the Americas region.
The company holds total assets of around $757.5 million versus $482 million in liabilities, with cash and equivalents at $46.2 million and borrowings amounting to around $209 million. Net asset value increased to 38.05 cents for FY from 28.14 cents of FY2024.
In a statement, the company says it is “well positioned” to achieve a “healthy” financial performance in 2026 with a “robust” order book of $709.5 million as at Dec, 31, 2025. It will be focusing on the electrification and communications businesses — in particular growing data centre demand — which are expected to yield “positive” outcomes for the company.
Lim hints that CSE will invest in technologies and capabilities to better-position the business in the sectors it is pursuing. “This also entails exploring strategic acquisitions to further grow the business,” he adds. The megatrends shaping our markets, namely urbanisation, electrification, decarbonisation and artificial intelligence, will continue to generate long‑term demand for our solutions, and we intend to deepen our presence in these domains.”
The company is proposing a final dividend of 1.46 cents per share, with shareholders having the option to be paid in cash or shares-in-lieu.
Shares in CSE closed two cents, or 1.5% lower, at $1.28 on Feb 26.
