Link: https://links.sgx.com/1.0.0/corporate-announcements/T7GZZUYIJ51R2DCY/52a3900cd5c5b65010d6aed252945e441e08258e3c9b4a3c7da2c2b2e6856ebd

Summary:

• Net profit after tax for 1H 2025: US$1.43 million (vs loss of US$6.19 million in 1H 2024).

  • Profit attributable to equity holders: US$0.81 million (vs loss of US$5.18 million).

• Total comprehensive income: US$6.35 million (vs loss of US$8.15 million) helped by currency translation gains.

• Sales: US$392.7 million, up 5% versus 1H 2024:

  • Electronic components distribution: US$332.0M (+0.03%), with growth in HK, China, South Korea (offset by weaker SE Asia and Taiwan).

  • Consumer products: US$56.4M (+42%)

  • Other businesses: US$4.3M (+23%)

• Gross profit margin: 8.3% (up from 7.4% in 1H 2024); absolute gross profit rose 17% to US$32.6M.

• Distribution and admin expenses little changed; finance costs fell 18% on lower borrowing costs and better debt control.

• EPS: 0.09 US cent per share (basic and diluted; 1H 2024: (0.57) cent).

• Net asset value per share: US$0.1465 (30 Jun 2025); up from US$0.1407 at end-2024.

• Strong cash generation: Operating cash flow US$14.1M; closing cash US$38.7M.

• No interim dividend declared.

• Outlook: Component sales outlook is steady for China, HK, and South Korea (AI, automotive, trade-in driving demand), but South East Asia and Taiwan face challenges from EOL products and customer inventory. Group continues to actively manage costs, debt, and working capital to support sustainability and future expansion.