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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.
