Venture Corporation (V03) H1 2025 earnings summary

Executive summary

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

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

• Net margin improved to 9.0% in 1H 2025 from 8.9% in 1H 2024, reflecting disciplined execution.

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

• Diluted EPS was 39.2 cents, down from 42.6 cents in 1H 2024.

Financial highlights

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

• Profit before tax was S$141.3 million, down 8.5% year-over-year; PBT margin remained stable at 11.2%.

• 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, up from S$1.19 billion a year earlier.

• 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.