The communications segment saw orders increase by 20.8% y-o-y to $76.9 million, while the order wins for the automation segment fell by 70.4% y-o-y to $16.4 million.
The wins brought the group’s ending order book for the quarter to $716 million, 16.2% higher y-o-y.
“The strong order momentum in 1QFY2026 reflects robust demand and our team’s ability to convert a healthy pipeline into tangible wins. Our priority is disciplined execution and timely delivery of these new contracts, while continuing to build on this momentum and pursue selective opportunities that align with our core capabilities,” says Lim Boon Kheng, managing director and CEO of CSE Global.
“With a healthy order book and tender pipeline, we remain cautiously optimistic about maintaining momentum into the coming quarters, even as macroeconomic and geopolitical headwinds continue to evolve,” he adds.
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Strategic review update
In a separate statement, the group announced that it is in the process of appointing a financial adviser to help with its strategic review, which is still in the “early stages”.
CSE Global first announced its intention to undertake a strategic review on March 5. The review came about after a request from the group’s controlling shareholder, Heliconia Capital Management, as well as a “non-binding, preliminary indicative expression of interest (EOI) from a party)” to discuss a “potential strategic transaction”.
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The review, said the group then, seeks to maximise shareholder value. This includes, among others, “an analysis of strategic options available to the company and an analysis of possible transactions involving the company’s shares and/or all or part of the company’s business and assets”.
Shares in CSE Global closed 1 cent lower or 0.73% down at $1.36 on May 5.
