NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B. BUSINESS PERFORMANCE The highlights of the Group’s financial performance during the financial year are: • Revenue of $11.3 billion, up 12% • Earnings before interest and tax of $1,076.5 million, up 18% • Profit before taxation of $862.7 million, up 23% • Profit attributable to shareholders of $702.3 million, up 20% • Earnings per share of 22.53 cents per share, up 20% B1 Segment information B4 Non-operating (expense)/income, net B2 Revenue B5 Earnings per share B3 Profit from operations B6 Taxation B1 Segment information The Group drives commercial business growth through businesses in Commercial Aerospace, and Urban Solutions & Satcom domains, which are also reportable business segments. The Defence & Public Security segment integrates capabilities organised as a single segment which is a reportable business segment, comprising Digital Systems & Cyber, Land Systems, Marine and Defence Aerospace business areas. Management reviews the segments’ operating results regularly in order to allocate resources to the segments and to assess the segments’ performance. The principal activities of the business segments are outlined below: Segments Principal activities Commercial Aerospace Airframe, engines and components maintenance, repair and overhaul, original equipment manufacturer for nacelles, composite floorboard and passenger-to-freighter conversions and aviation asset management. Defence & Public Security Defence, public safety and security, critical information infrastructure solutions and others, including Group HQ functions. Urban Solutions & Satcom Smart mobility, smart utilities & infrastructure, urban environment solutions and satcom. Segment performance is evaluated based on operating profit or loss which in certain respects, as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. 140 ST ENGINEERING | ANNUAL REPORT 2024
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