CSE Global orders surge 197.7% to S$434.9 million in third quarter
Key Facts
CSE Global said it recorded new orders worth S$434.9 million in the third quarter ended September 30, 2026, up 197.7% year on year. In its statement, the company said growth was driven by strong demand for power solutions. Orders totaled S$146.098 million in the corresponding period of 2025, highlighting the widening gap between the two periods. Company figures showed total orders for the first nine months of 2026 reached S$905.135 million, compared with S$512.753 million a year earlier, an increase of 76.5%. In the November 3 session, the stock closed at 91.5 Singapore cents, up 0.5 cent, or 0.55%, according to The Edge Singapore.
Power led the company's segments, with orders of S$320.274 million in the quarter, compared with S$30.886 million in the third quarter of 2025, a year-on-year increase of 937.0%. These orders accounted for about 73.6% of the group's total orders during the period. CSE Global said two of its major contracts were in the United States, with a combined value of S$254.8 million. The work involves designing and manufacturing power distribution centers, as well as integrating electrical and control systems for the Cheyenne Power Hub project and the liquefied natural gas market. The two contracts are scheduled to be executed between 2026 and 2028, according to the company's statement.
The closing order book rose to S$728.455 million in the third quarter, compared with S$467.482 million in the same period a year earlier, an increase of 55.8%. This reflects an expansion in contracted work alongside the jump in new orders recorded during the quarter. The chief executive said the third-quarter order wins marked "another important step in the growth of our business, with larger projects expanding the scope of work we undertake." He added that an order secured during the quarter pointed to the potential to expand the company's involvement in customer projects. The company linked this development to the broader scope of the projects it is carrying out, without providing additional figures on the impact of each individual contract.
The other segments did not show the same trend: telecommunications orders fell 15.8% to S$63.330 million in the third quarter, from S$75.179 million a year earlier. The company attributed part of the higher comparison base in the corresponding period of 2025 to contributions from U.S. companies it acquired in the telecommunications segment. By contrast, automation orders rose 28.1% year on year to S$51.288 million, accounting for about 11.8% of total quarterly orders. Despite the growth in orders and contracts, the company said it did not expect the announced developments to have a material impact on net tangible assets per share or earnings per share in the current financial year. The disclosure sets clear limits on what the company attributed to the contracts in terms of current-year results, while execution of the two U.S. contracts remains scheduled between 2026 and 2028.