38 CSE Global Limited OPERATIONS AND FINANCIAL OVERVIEW S$’000 2024 2023 Change 2024 % Revenue 861,173 725,051 18.8% Gross profit 241,159 199,864 20.7% Operating expenses 186,953 161,502 15.8% Operating profit 54,206 38,362 41.3% Earnings before interest, tax, depreciation and amortisation (EBITDA)* 82,182 63,636 29.1% Net profit attributable to equity owners of the Company* 36,759 22,527 63.2% Net profit attributable to equity owners of the Company, after exceptional item 26,345 22,527 16.9% Gross profit margin 28.0% 27.6% 0.4p.p Operating profit margin 6.3% 5.3% 1.0p.p EBITDA margin* 9.5% 8.8% 0.7p.p Net profit margin* 4.3% 3.1% 1.2p.p Total assets 632,631 598,368 5.7% Cash and bank balances 57,401 39,426 45.6% Loans and borrowings 129,474 115,427 12.2% Net (debt)/cash (72,073) (76,001) -5.2% Shareholders’ funds 255,989 216,145 18.4% Return on equity 10.3% 10.4% -0.1p.p Earnings per share (cents) 3.91 3.66 6.8% Net assets value per share (cents) 36.24 35.15 3.1% Cash generated from operating activities 33,099 55,895 -40.8% Order intake 800,713 990,234 -19.1% Order book 672,587 730,597 -7.9% S$’000 Revenue EBITDA* Business Segment 2024 2023 Variance % 2024 2023 Variance % Electrification 434,778 334,548 42,724 29,662 44.0% Communications 232,036 220,532 5.2% 25,649 27,816 -7.8% Automation 194,359 169,971 13,809 6,158 124.2% Total 861,173 725,051 82,182 63,636 29.1% Geographic Segment 2024 2023 Variance % 2024 2023 Variance % Americas 546,337 434,630 25.7% 38,990 19,299 102.0% Asia Pacific 292,637 268,897 8.8% 40,030 40,940 -2.2% Europe/Middle East Africa 22,199 21,524 3,162 3,397 -6.9% Total 861,173 725,051 82,182 63,636 29.1% * Excluding exceptional item of US$8.0 million arbitration settlement (S$10.4 million)
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