Kinergy Corporation (3302) investor relations material

Executive summary

• H1 2026 revenue rose 28.3% YoY to S$64.5 million, driven by higher EMS sales; net loss narrowed to S$1.8 million from S$3.4 million.

• Improving semiconductor demand, especially for storage devices and AI chips, supports the expectation of a return to profitability in FY2026.

Financial highlights

• Revenue was S$64.502 million, up 28.3% YoY; cost of sales increased 25.9% to S$57.609 million.

• Gross profit rose 53.3% to S$6.893 million; gross margin increased to 10.7% from 9.0%.

• Loss before tax narrowed to S$2.196 million from S$3.588 million; net loss was S$1.800 million versus S$3.444 million.

• Other gains and losses were a S$2.802 million loss, including S$1.697 million net FX loss and S$988,000 fair-value loss on investment securities.

• Total comprehensive income was S$1.301 million, versus a S$6.802 million loss, including S$3.101 million positive translation differences.

Outlook and guidance

• As of 11 Aug 2026, delivered revenue and outstanding purchase orders totaled S$202.1 million; S$65.4 million was expected to be delivered by FY2027-end.

• Improving sales efforts and a more bullish outlook underpin the expectation of a return to profitability for FY2026.

• ODM revenue for FY2026 is expected at S$4.0–4.5 million, with break-even targeted through expenditure reductions and stronger demand.

• Priorities include protecting pricing and material supply, maintaining product quality and delivery, and improving operating efficiency.