Dear Stakeholders, FY2025 marked another year of steady progress for CSE Global. Through disciplined execution and a resilient operating model, the Group navigated a challenging macroeconomic environment characterised by persistent inflationary pressures, evolving trade policies and ongoing supply chain constraints. Supported by robust risk mitigation measures and a highly capable team, we emerged stronger and well-positioned for future growth. DIVERSIFIED PLATFORM POSITIONED FOR STRUCTURAL GROWTH Over the years, CSE Global has evolved in tandem with the industries we serve. Our business mix has diversified significantly, enabling the Group to remain relevant across economic cycles while positioning itself to capture long-term structural growth opportunities. Today, we deliver Electrification, Communications and Automation solutions to customers across data centres, energy, utilities, transport, mining and government infrastructure. This diversification and agility remain a core strength of the Group. Leveraging deep domain expertise and innovative engineering capabilities, we continue to support our customers and communities as a trusted partner—delivering solutions that address today’s challenges while anticipating tomorrow’s needs. PERFORMANCE VALIDATED BY EXECUTION AND MARKET RECOGNITION The confidence placed in us by our customers and partners, together with the strength of our diversified business model, has been reflected in the accolades received during the year. CSE Global was named among the 100 Fastest Growing Companies in Singapore for the second consecutive year by The Straits Times and Statista, highlighting a compound annual growth rate of 22.5% in revenues between FY2021 and FY2024. The Group was also ranked No. 381 on the Fortune Southeast Asia 500 list and featured on the FT HighGrowth Companies Asia-Pacific 2025 ranking by The Financial Times and Statista. In addition, CSE Global was recognised at The Edge Singapore Billion Dollar Club 2025, receiving the Highest Growth in Profit After Tax Over Three Years award within the Technology sector under the Centurion Category. These recognitions reflect the dedication of our people, the trust of our customers, and the continued support of our shareholders and partners. Built on strong foundations, CSE Global is well-positioned to build on its current momentum. ACHIEVING NEW PERFORMANCE MILESTONES In FY2025, the Group achieved a significant milestone by securing more than S$1 billion of new orders, reinforcing the value we deliver to customers while enhancing earnings visibility. We ended the year with a robust order book of S$709.5 million, supported by sustained demand across the Electrification and Communications business segments. The Electrification segment continued to benefit from strong demand across power, energy transition and data centre infrastructure, contributing approximately 57.7% of new orders during the year. The Communications segment recorded healthy order inflows driven by growing demand for critical communications solutions, while the Automation segment maintained stable order momentum. Against this backdrop, the Group demonstrated financial resilience. Revenue reached an all-time high of S$968.9 million, representing a 12.5% year-on-year increase driven primarily by the Electrification and Communications segments. Net profit increased 42.3% year-on-year to S$37.5 million, reflecting steady operating performance and improved efficiency. MESSAGE TO STAKEHOLDERS ANNUAL REPORT 2025 5
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