Venture Corporation (V03) H2 2025 earnings summary

Executive summary

• FY2025 revenue was S$2,534.5 million, down 7.4% year-over-year, mainly due to softness in the Lifestyle Consumer technology domain.

• Net profit for FY2025 was S$227.0 million, with a stable net margin of 9.0%.

• 4Q 2025 revenue rose 2.9% sequentially to S$645.4 million, with net profit at S$58.4 million and EPS up 5.2% quarter-on-quarter.

• Strategic initiatives and co-development in key domains contributed to sequential growth in 4Q 2025.

Financial highlights

• FY2025 earnings per share was 78.7 Singapore cents, down 6.8% year-over-year.

• Profit before tax for FY2025 was S$284.4 million, down 7.2% year-over-year; PBT margin held at 11.2%.

• Net cash generated from operating activities was S$251.5 million for FY2025.

• Net cash position as at 31 Dec 2025 was S$1.28 billion, with zero debt.

• Operating cash flow before working capital changes reached S$279.0 million in FY2025.

Outlook and guidance

• Growth expected in Networking & Communications, Test & Measurement Instrumentation, and Semiconductor Related Equipment, driven by hyperscale data-center demand.

• Deeper collaboration in Lifestyle Consumer domain and strengthened partnerships in Life Science expected to support future growth.

• Focus remains on high-value solutions, technology development, and strategic partnerships amid geopolitical challenges.