CSE Global has reported a 20.5% y-o-y increase in revenue for the 3QFY2025 ended Sept 30 of $257.7 million.
For the 9MFY2025, revenue grew 8.7% y-o-y to $698.6 million.
Shares in CSE Global are up 2% in the morning trading.
In the third quarter, revenue contributions from the electrification, communications and automation business segments were 56.9%, 23.9% and 19.2%, respectively.
Revenue from the electrification business segment rose 39.9% y-o-y $146.7 million, mainly attributable to progressive recognition of revenue from its two major electrification-related projects in the Americas region that were secured in 2024.
This business segment secured $48.0 million of new orders, which constitutes 32.8% of total order intake during the quarter.
Meanwhile, order intake for the communications business segment grew 24.2% y-o-y to $75.2 million of new orders in 3QFY2025. Despite currency headwinds, revenue remained stable at $61.7 million in this quarter.
Finally, revenue from the automation business segment grew 4.4% y-o-y in 3QFY2025 to $49.4 million, largely registered in the Americas region. The business segment clinched $22.9 million of new orders in 3QFY2025.
For 3QFY2025, the group’s order book stood at $467.5 million down 26.2% y-o-y, and order intake at $146.1 million down 21.7% y-o-y.