Link: https://links.sgx.com/1.0.0/corporate-announcements/MT378UL5MKM9HK17/b5bc350bb5a94e1fb4370359fbfbf40c405649b016609a8a7320eeadecfbf7b4

Summary:

• Frencken Group Limited reported a strong first quarter for 2025 (1Q25), with revenue growing by 11.5% year-on-year to S$215.8 million and net profit attributable to equity holders (PATMI) increasing by 12.0% to S$10.0 million.
• The significant revenue growth was primarily driven by its Mechatronics Division, which saw a 14.9% year-on-year increase, largely due to a 33.7% surge in the semiconductor segment.
• In contrast, the IMS Division's revenue decreased by 13.9% year-on-year, mainly impacted by lower contributions from the automotive, and consumer and industrial electronics segments.
• As of 31 March 2025, the Group maintained a robust financial position, with S$145.8 million in cash and cash equivalents, a net cash position of S$71.8 million, and a healthy debt-to-equity ratio of 16.7%.
• For the first half of 2025, Frencken anticipates moderate revenue growth, with expectations for higher revenue from the semiconductor and medical segments, while remaining cautious due to prevailing geopolitical and macroeconomic uncertainties.