Venture Corporation (V03) H1 2025 earnings summary

Executive summary

• Revenue for 1H 2025 declined 8.8% year-over-year to S$1,261.9 million, mainly due to lower demand in the Lifestyle technology domain.

• Net profit for 1H 2025 was S$113.0 million, down 8.6% compared to 1H 2024, with a net margin of 9.0%.

• Revenue in 2Q 2025 grew 4.7% sequentially from 1Q 2025, with strong contributions from Life Science, Medical, Semiconductor, and Advanced Industrial domains.

• Gross margin improved year-over-year, attributed to a favorable sales mix.

• Special dividend of 5 cents per share and interim dividend of 25 cents per share declared, totaling 30 cents per share.

Financial highlights

• 2Q 2025 revenue was S$645.3 million, up 4.7% from 1Q 2025.

• Earnings per share for 1H 2025 was 39.2 Singapore cents, down from 42.6 cents in 1H 2024.

• Net cash generated from operating activities in 1H 2025 was S$149.8 million.

• Net cash position as at 30 June 2025 was S$1.26 billion.

• Net asset value per share was S$9.52 as at 30 June 2025.

Outlook and guidance

• Ongoing uncertainties in the tariff environment and softness in the Lifestyle domain are expected.

• Business wins across multiple technology domains are driven by R&D capabilities and operational efficiency.

• The group remains confident in turning volatility into opportunities and delivering long-term value.

• Continued investment in capabilities and market share expansion is expected.