Manufacturing Integration Technology (M11) investor relations material

Executive summary

• H1 FY2026 returned to profitability, with revenue up 57% YoY and gross margin improving to 18% from 8%.

• Higher activity from strategic customers, improved product mix, manufacturing efficiency and cost discipline supported the turnaround.

Financial highlights

• Revenue rose 57% to S$7.221m from S$4.611m; gross profit increased 235% to S$1.269m from S$0.379m.

• Net profit was S$201k versus a net loss of S$1.298m; basic and diluted EPS were 0.08 cents versus a loss of 0.54 cents.

• Other income and gains reached S$488k, including S$342k rental income, S$41k reversal of receivable impairment and S$78k inventory impairment reversal.

• Marketing and distribution costs fell 15%, administrative expenses fell 23%, and finance costs fell 12% YoY.

• Operating cash flow before working-capital changes was S$481k; net cash used in operating activities was S$599k.

Outlook and guidance

• Barring unforeseen deterioration in global conditions, the Board expects improved FY2026 financial performance versus FY2025 and remains cautiously optimistic.

• Selective investment in strategic growth initiatives and prudent financial management remain priorities.

• Results were in line with the prior prospect statement.