Micro-Mechanics Holdings has reported a net profit of $3.18 million for the 3QFY2025 ended March 31, up 72.6% y-o-y. For the 9MFY2025, the company reported a 54.7% y-o-y growth in net profit of $9.21 million.
The company's earnings per share for 3QFY2025 came in at 2.29 cents per share, up 72.2%, and 6.63 cents per share for the 9MFY2025, up 54.5%.
Micro-Mechanic's revenue for the 3MFY2025 came in 17.3% y-o-y higher at $15.96 million, and 12.9% y-o-y higher for 9MFY2025 at $48.5 million.
However, on a q-o-q basis, group revenue decreased 2.1% from $16.3 million in 2QFY2025,due to softer results from the group's consumable tools segment.
Sales from the group's Wafer Fabrication Equipment (WFE) segment increased by 95.7% y-o-y to $4.0 million in 3QFY2025, contributing 25.4% to the group's revenue.
On a q-o-q basis, WFE sales increased by 13.2%. The geographical markets for the WFE segment are mainly the USA and Singapore.
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By geographical segments, sales from China decreased by 0.3% y-o-y to $15.0 million and remained its largest geographical market, contributing 30.9% to the group's revenue in 9MFY2025.
Sales from the USA also grew 27.3% yoy to $10.8 million in 9MFY2025. This reflects sustained momentum from the sharpened engineering focus on several main product areas for the WFE sector to develop more compelling and competitive differentiation and improved margins.
As at March 31, 2025, the group's balance sheet has a total amount of assets of $56.6 million, shareholders' equity of $47 million and cash and cash equivalents of $19.2 million and no bank borrowings.
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The group says that it has not experienced any direct impact from the retaliatory tariffs announced across major economies in April 2025. While Micro-Mechanics believes that it is well-positioned to navigate ongoing externalities heading into the rest of FY2025, it remains vigilant about any potential indirect impacts on its customers.
New CEO appointment
On the same day as its 3QFY2025 results announcement, the group announced the cessation of its CEO Chris Borch effective June 30, 2025.
His son, Kyle Borch will succeed as CEO with effect from July 1, after the nominating committe of the company's review.
Chris Borch will remain as the executive chairman of the company.
Shares in Micro-Mechanics closed flat at $1.60 on Apr 29.
