Singapore Technologies Engineering Ltd (ST Engineering) 2025 Update: Record Order Book, iDirect Impairment and a New Cybersecurity Push
Published: 8 December 2025 – Singapore Singapore Technologies Engineering Ltd (ST Engineering, SGX: S63) is closing 2025 with a paradox that investors know well: very strong operational momentum on one side, and a very large satellite-communications write‑down on the other. The group has delivered solid revenue growth, a record order book, higher ordinary dividends plus a special payout – while simultaneously taking a S$667 million impairment on its iDirect satcom business and signalling a strategic reset in that segment. ST Engineering+2The Business Times+2 At the same time, ST Engineering is pushing hard into agentic AI‑driven cybersecurity and space technology, positioning