Latest news with #AEMHoldings
Straits Times
3 days ago
- Business
- Straits Times
AEM net profit more than doubles to $3.1 million
Sign up now: Get ST's newsletters delivered to your inbox AEM chief executive Samer Kabbani said the company has developed the next generation of test technologies. SINGAPORE – AEM Holdings posted a 245 per cent increase in net profit to $3.1 million for the half-year ended June 30, from $895,000 the year before. Revenue for the period rose 10 per cent year on year to $190.3 million, up from $173.6 million previously. The semiconductor test-equipment maker said on Aug 13 that the increase was driven by a higher volume of sales to its anchor customer, as well as the pull-in of orders from other clients. The revenue figure is in line with its revised guidance for the first half of the financial year, which was raised to between $185 million and $195 million, from an earlier forecast of $155 million to $170 million. The stronger bottom line is the result of the absence of one-off losses of the year before, when other expenses in the first half of Financial Year 2024 included a $2.3 million loss on the disposal of an associate. Gross profit for the first half of FY2025 rose 11 per cent to $48.3 million, from $43.4 million a year ago. Revenue for its test-cell solutions segment rose to $118.6 million, up 18.8 per cent from a year ago. Top stories Swipe. Select. Stay informed. Singapore 2 dead after fire in Jalan Bukit Merah flat, about 60 evacuated Singapore ST Explains: How the SAF's drone push for recruits reflects new battlefield realities Singapore HSA seeks Kpod investigators to arrest abusers, conduct anti-trafficking ops Opinion The 30s are heavy: Understanding suicide among Singapore's young adults Singapore Lawyer who sent misleading letters to 22 doctors fails in bid to quash $18,000 penalty Singapore Jail, caning for recalcitrant drug offender who assaulted 2 cops with stun device Singapore 4 taken to hospital after accident near Sports Hub, including 2 rescued with hydraulic tools Singapore SG60: Many hands behind Singapore's success story AEM said that the higher revenue was due to the successful production deployment of the group's semiconductor tester solution, AMPS-BI, together with pull-in of orders into the first half-year. However, contract manufacturing revenue declined by 4.7 per cent to $67 million for the first half of 2025, due to reduced demand from some end customers amid global trade uncertainties. The group generated an operating cash flow of $46.4 million in the first half-year, largely from the consumption of inventories. Earnings per share for the period rose to $0.0098 per share, from $0.0029 a year earlier. For the second half of this year, the group forecasts revenue to be in the range of $170 million to $190 million, broadly in line with the first-half revenue. This range reflects anticipated growth in the shipment of its AMPS-BI in the fourth quarter, although this may be partially offset by the timing of certain orders and potential foreign-exchange fluctuations, said the group. AEM's recently-appointed chief executive, Mr Samer Kabbani, said that the company has developed the next generation of test technologies, creating a strong foundation for the next phase of AEM's journey. He said: 'We are near the stage of our technology road map and customer engagements where these innovations are ready to scale into high-volume production. We remain engaged with our customers to ensure our solutions address their most critical challenges as we enter this exciting phase of execution and expansion.'
Business Times
3 days ago
- Business
- Business Times
AEM net profit more than doubles to S$3.1 million
[SINGAPORE] AEM Holdings posted a 245 per cent increase in net profit to S$3.1 million for the half-year ended Jun 30, from S$895,000 the year before. Revenue for the period rose 10 per cent year on year to S$190.3 million, up from S$173.6 million previously. The semiconductor test-equipment maker said on Wednesday (Aug 13) that the increase was driven by a higher volume of sales to its anchor customer, as well as the pull-in of orders from other clients. The revenue figure is in line with its revised guidance for the first half of the financial year, which was raised to between S$185 million and S$195 million, from an earlier forecast of S$155 million to S$170 million. The stronger bottom line is the result of the absence of one-off losses of the year before, when other expenses in H1 FY2024 included a S$2.3 million loss on the disposal of an associate. Gross profit for H1 FY2025 rose 11 per cent to S$48.3 million, from S$43.4 million a year ago. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Revenue for its test-cell solutions segment rose to S$118.6 million, up 18.8 per cent from a year ago. AEM said that the higher revenue was due to the successful production deployment of the group's semiconductor tester solution, AMPS-BI, together with pull-in of orders into H1. However, contract manufacturing revenue for the half-year declined by 4.7 per cent to S$67 million for H1, due to reduced demand from some end customers amid global trade uncertainties. The group generated an operating cashflow of S$46.4 million in H1, largely from the consumption of inventories. Earnings per share for the period rose to S$0.0098 per share, from S$0.0029 a year earlier. For the second half of this year, the group forecasts revenue to be in the range of S$170 million to S$190 million, broadly in line with H1 revenue. This range reflects anticipated growth in the shipment of its AMPS-BI in Q4, although this may be partially offset by the timing of certain orders and potential foreign-exchange fluctuations, said the group. AEM's recently appointed chief executive officer , Samer Kabbani, said that the company has developed the next generation of test technologies, creating a strong foundation for the next phase of AEM's journey. He said: 'We are near the stage of our technology roadmap and customer engagements where these innovations are ready to scale into high-volume production. We remain engaged with our customers to ensure our solutions address their most critical challenges as we enter this exciting phase of execution and expansion.' Shares of AEM closed flat at S$1.53 on Wednesday, before the results were announced.
The Star
28-07-2025
- Business
- The Star
AEM CEO resigns a year after appointment
SINGAPORE: Semiconductor testing equipment manufacturer AEM Holdings announces the resignation of its chief executive officer (CEO) Amy Leong. Leong, who held the post for slightly more than a year, will be replaced by Samer Kabbani, the group's president and chief technology officer, with effect from yesterday. In a regulatory filing on July 27, AEM cited 'board-led leadership realignment for growth' as the reason for Leong's resignation. The filing indicated that there are no unresolved differences in opinion on material matters between Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting. To assist with the transition, Leong will continue as a senior adviser to AEM, the company said in the filing. Loke Wai San, non-executive chairman of AEM, said: 'Samer Kabbani brings a proven track record of commercial and technical excellence. 'His leadership is central to AEM's long-term strategy. Together with the broader AEM leadership team, the board is confident that the group will continue to deliver diversified growth through our innovative technology platforms.' Loke is also the founder and CEO of private equity fund adviser Novo Tellus Capital Partners. Kabbani, who has been with AEM since 2020, has led the development of the next-generation test technology road map, significantly growing the group's intellectual property assets – particularly in advanced active thermal control – and its product portfolio, AEM said. He was previously executive vice-president at Advantest and Astronics Test Systems, respectively. In his 14-year tenure at Cohu, Kabbani served in key senior management roles, including Delta Design Systems president. Kabbani is a 'prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection', as described on the AEM website. Before joining AEM, Leong was senior vice-president and chief commercial officer at California-based FormFactor. She has a master's in material science from Stanford University and a bachelor's degree in chemical engineering from the University of California at Berkeley. In May, AEM reported a 42.9% year-on-year rise in net profit to S$3.3mil for the first quarter of financial year 2025 ended March, as net profit margin improved. Revenue, though, was 8.7% lower at S$86mil against S$94.2mil for the year-ago period. AEM said this was in line with its first half revenue guidance of S$155mil to S$170miln, despite the uncertainties created by US President Donald Trump's tariff turmoil. The company said then that it was on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter. In June, AEM raised its revenue guidance for the first half of the financial year ending June 30 to between S$185mil and S$195mil, on the back of an unexpected pull-in of orders into financial year 2025. — The Straits Times/ANN
Yahoo
28-07-2025
- Business
- Yahoo
AEM Holdings CEO Amy Leong to be replaced by CTO Samer Kabbani
In an SGX filing, AEM says Leong is leaving her role because of 'board-led leadership realignment for growth' Amy Leong, CEO of AEM Holdings, has resigned, having served just one year in this role. Samer Kabbani, currently president and chief technology officer of the company, will take over with effect from Monday, July 28. In an SGX filing on July 27, AEM says Leong is leaving her role because of "board-led leadership realignment for growth." AEM's chairman, since 2011, is Loke Wai San, whose investment firm Novos Tellus was a key investor in AEM. Leong took over from previous CEO Chandran Nair, who served as the CEO between July 2020 and June 2024. Kabbani has been with the company since Sept 2020 and has led the company's next-generation test technology roadmap. He was previously executive vice president at Advantest and Astronics Test Systems, respectively. As described in AEM's website, Kabbani "is a prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection." In a separate press release, Kabbani says he is "honoured" by the board's confidence and is "excited" to lead the company into its next chapter. "AEM is uniquely poised to capitalise on the exciting wave of AI-driven semiconductor innovation. "With our thermal technologies and automation expertise, we are solving real problems for the world's most advanced semiconductor companies. We will continue to focus on innovation in test, deepen our customer relationships, and work with our customers, partners, and employees to continue scaling our impact," he adds. Loke, the chairman, says Kabbani's leadership is central to AEM's long-term strategy. "Together with the broader AEM leadership team, the board is confident that the group will continue to deliver diversified growth through our innovative technology platforms," he adds. In a note on July 28, DBS points out that Kabbani's appointment ensures continuity and deep technical leadership. Nonetheless, "the abrupt leadership change and relatively short tenure of the outgoing CEO may weigh on sentiment in the near term." AEM shares closed at $1.72 on July 25, up 1.78%, following a higher price target call on July 25 by DBS amid an overall bullish market. From an earlier target price of $1.50, Amanda Tan and Ling Lee Keng of DBS now rate this counter as worth $2.10. In their July 28 note, DBS has kept the "buy" call and $2.10 target price. Kabbani has been with the company since Sept 2020 and has led the company's next-generation test technology roadmap / Photo: AEM Holdings website See Also: Click here to stay updated with the Latest Business & Investment News in Singapore Intel slides after CEO struggles to show turnaround on track AEM upgrades 1HFY2025 revenue guidance AEM forges ahead amid testing times Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
Business Times
28-07-2025
- Business
- Business Times
AEM CEO Amy Leong resigns a year after appointment; Samer Kabbani takes over with immediate effect
[SINGAPORE] Semiconductor testing equipment manufacturer AEM Holdings has announced the resignation of its chief executive officer Amy Leong, which took effect on Sunday (Jul 27). Leong, who held the post for slightly more than a year, will be replaced by Samer Kabbani, the group's president and chief technology officer, from Monday. In a regulatory filing on Sunday evening, AEM cited 'board-led leadership realignment for growth' as the reason for Leong's resignation. The filing indicated that there are no unresolved differences in opinion on material matters between Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting. To assist with the transition, Leong will continue as a senior adviser to AEM, the company said in a news release on Sunday. Loke Wai San, non-executive chairman of AEM, said: 'Samer Kabbani brings a proven track record of commercial and technical excellence. His leadership is central to AEM's long-term strategy. Together with the broader AEM leadership team, the board is confident that the group will continue to deliver diversified growth through our innovative technology platforms.' Loke is also the founder and CEO of private equity fund adviser Novo Tellus Capital Partners. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Kabbani, who has been with AEM since 2020, has led the development of the next-generation test technology road map, significantly growing the group's intellectual property assets – particularly in advanced active thermal control – and its product portfolio, AEM said. He was previously executive vice-president at Advantest and Astronics Test Systems, respectively. In his 14-year tenure at Cohu, Kabbani served in key senior management roles, including Delta Design Systems president. Kabbani is a 'prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection', as described on the AEM website. Before joining AEM, Amy Leong was senior vice-president and chief commercial officer at California-based FormFactor Inc. She has a master's in material science from Stanford University and a bachelor's degree in chemical engineering from the University of California at Berkeley. In May, AEM reported a 42.9 per cent year-on-year rise in its bottom line for the first quarter of FY2025 ended March, as net profit margin improved. The group announced a net profit of S$3.3 million, translating to a margin of 3.9 per cent for the period, compared with S$2.3 million and 2.5 per cent, respectively, for the first quarter of FY2024. However, revenue was 8.7 per cent lower at S$86 million against S$94.2 million for the year-ago period. AEM said this was in line with its first-half revenue guidance of S$155 million to S$170 million, despite the uncertainty created by the tariff turmoil. The company said then that it is on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter. In June, AEM raised its revenue guidance for the first half of the financial year ending Jun 30 to between S$185 million and S$195 million, on the back of an unexpected pull-in of orders into FY2025. AEM closed at S$1.72 on Friday, up S$0.03 or 1.8 per cent.
