UMS Integration (558) Q1 2026 earnings summary

Executive summary

• Revenue rose 20% year-over-year to S$69.4M in 1Q2026, driven by strong growth in semiconductor and aerospace segments.

• Net profit attributable to owners surged 43% to S$14.0M, with total net profit up 40% to S$14.2M.

• Gross margin declined to 53% from 56% due to currency effects, but profitability improved on higher sales and FX gains.

• Acquisition of the remaining 30% stake in Starke Singapore completed, making it a wholly owned subsidiary.

• Interim dividend of 1.0 cent per share declared, payable 24 July 2026.

Financial highlights

• Revenue: S$69.4M (+20% YoY); Semiconductor up 21%, Aerospace up 18%, Others up 10%.

• Net profit: S$14.2M (+40% YoY); Profit before tax: S$15.7M (+38% YoY).

• Earnings per share: 1.63 cents (vs 1.38 cents YoY).

• Net cash position: S$26.0M at end-March 2026.

• Negative operating cash flow of S$4.9M due to higher working capital and bonus payments.

Outlook and guidance

• Strong order forecasts from key customers, driven by AI-related demand and advanced packaging tools.

• Semiconductor industry expected to surpass US$1 trillion in sales in 2026, with robust growth in memory and packaging.

• Aerospace segment to benefit from rising global air travel and record aircraft order backlog.

• Board expects better performance for FY2026 barring unforeseen circumstances.