Venture Corporation (V03) H1 2026 earnings summary

Executive summary

• Revenue for 2Q 2026 reached S$726.2 million, up 12.5% year-over-year and 15.6% sequentially, while 1H 2026 revenue totaled S$1,354.7 million, a 7.4% increase year-over-year, driven by growth in technology-focused segments.

• Net profit for 2Q 2026 was S$63.0 million, up 10.3% year-over-year; 1H 2026 net profit was S$119.3 million, a 5.6% increase, with a net profit margin of 8.8%.

• Diluted earnings per share for 1H 2026 was 41.4 cents, up from 39.2 cents in 1H 2025.

• Interim ordinary dividend increased 20% year-over-year to 30 cents per share, reflecting improved financial performance and commitment to shareholder returns.

• Strong net cash position of S$1,108.5 million to S$1.11 billion as of 30 June 2026, with zero debt.

Financial highlights

• Profit before tax for 1H 2026 was S$149.8 million (+6.1% YoY), with a PBT margin of 11.1%.

• Net profit margin for 1H 2026 was 8.8%, reflecting operational discipline and high value-add solutions.

• Earnings per share for 2Q 2026 was 21.8 cents, up 10.1% year-over-year; 1H 2026 EPS was 41.4 cents, up 5.6%.

• Net asset value per share was S$9.64 as of 30 June 2026.

• Operating profit before working capital changes for 1H 2026 was S$154.0 million.

Segment performance

• Portfolio B (Test & Measurement, Networking & Communications, Semiconductor Equipment) grew 25.7% YoY in 2Q 2026, driven by demand in AI-related infrastructure.

• Portfolio A (Life Science, Medtech, Lifestyle Consumer) declined 8.5% YoY but saw 7.2% sequential growth from 1Q 2026.

• Portfolio B revenue for 1H 2026 was S$915.8 million, up from S$772.0 million YoY; Portfolio A revenue was S$438.9 million, down from S$489.9 million.

• Revenue by geography: Singapore S$384.7 million, Asia-Pacific ex-Singapore S$924.2 million, Others S$45.8 million.

• Growth supported by demand in AI-related infrastructure and diverse technology end markets.