Link: https://links.sgx.com/1.0.0/corporate-announcements/MWQ8VLUNPRLYSHDF/a3ea216f8325c50d75769b305076a8cfa7f4e6ab8d152a3c87bc6949b26a3b50

Summary:

• Revenue declined 13.9% to S$21.6 million (FY2024: S$25.1 million) due to ongoing industry headwinds and softer demand.

• Net profit fell 76.4% to S$0.7 million (FY2024: S$2.8 million), with profit before tax at S$0.9 million.

• Manufacturing & PCBA Services revenue rose to S$13.8 million (up from S$12.6 million), while Engineering Services fell to S$7.8 million (from S$12.5 million).

• Gross profit margin dropped to 18.5% (from 26.0%).

• Strong cash position: S$37.5 million, with a healthy balance sheet and working capital of S$41.7 million.

• Proposed final dividend of 0.25 cents per share, subject to approval.

• Management streamlined divisions for greater agility, focusing on productivity and strategic resource allocation.

• Outlook remains cautious with emphasis on operational resilience, cost control, and exploring growth/M&A opportunities in core and adjacent markets.