Singapore Tech Eng Ltd (SGGKF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to SC Engineering's first half 2025 results briefing. We will begin with a presentation by our Group CFO, Cedric Foo. Our Group President and CEO, Vincent Chong, will then give his remarks. After that, we will end today's session with a Q&A session for the analysts. Without further ado, may I invite Cedric to give his presentation, please? Yeah, thank you. Welcome to SD Engineering's first half 2025 results briefing. A very good morning to everyone here in person, many familiar faces, as well as those joining us via webcast. Slide two. Before I begin, I would like to bring your attention to slide number two, which states amongst others that the group's actual performance outcomes and results in the future may differ materially from those expressed in forward-looking statements. Slide three. This is our agenda for today. First, group highlights, group business discussions for each of the three segments, contract wins and all the books, debt management, portfolio management, dividends and outlook. Slide number four, group highlights. I am pleased to report a strong set of first-half 2025 results. The Group achieved 7% year-on-year growth in revenue to $5.9 billion, 15% year-on-year growth in EBIT, breaking the digit 6 to $602 million. 20% year-on-year growth in profit before tax to $500 million, again breaking the digit five, and 20% year-on-year growth in net profit to $403 million, breaking the four-figure. The good performance was due to the successful execution of our order book, better margin mix, and concerted efforts by everyone here in managing our cost. Slide six. From left to right, this slide shows the revenue breakdown by segment, by product type, and by location of customers. On the left, the pie chart shows revenue by segment. In fir...