Link: https://links.sgx.com/1.0.0/corporate-announcements/ILTO5FTGPW8PPYRL/ed726d7868b15fee448448fd4fa4d45b1f816140cda065de73b58c418da0f109

Summary:

• Revenue: S$4.61 million for 1H 2025, up 67% year-on-year, driven mainly by new project wins and strong orders from build-to-print and customized automation businesses (particularly Singapore).

• Gross profit: Improved to 8% of revenue (S$0.38 million), up from 4% in 1H 2024 (S$0.12 million).

• Net loss after tax: S$1.30 million (narrowed by 25% from S$1.73 million in 1H 2024).

• Marketing and administrative expenses dropped by 71% and 13% respectively due to cost control efforts.

• Finance costs rose, reflecting increased borrowings to support operations.

• Loss per share: (0.54) cent (1H 2024: (0.72) cent).

• Net asset value per share: 2.23 cents (30 June 2025; 2.75 cents at 31 Dec 2024).

• Cash and cash equivalents decreased to S$0.86 million, with total current assets up due to higher trade receivables and inventories in anticipation of upcoming deliveries.

• The Group’s repositioning and refocus on key customer partnerships and Singapore operations are yielding improved order outlook and momentum, though the global semiconductor environment remains soft and uncertain.

• No dividend declared for the period, consistent with ongoing business challenges and cash conservation strategy.

• Outlook: Management expects tough conditions to persist amid global semiconductor weakness and tariff concerns but will continue to focus on strategic partnerships, cost management, and technical investments for future growth.