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Micro-Mechanics reports 108.9% y-o-y jump in 2QFY2025 earnings

The Edge Singapore
The Edge Singapore  • 1 min read
Micro-Mechanics reports 108.9% y-o-y jump in 2QFY2025 earnings
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Micro-Mechanics (Holdings) has reported earnings of $2.95 million for its 2QFY2025 ended Dec 2024, up 108.9% y-o-y. This brings its 1HFY2025 earnings to $6.03 million, up 46.6% y-o-y.

Revenue in its 2QFY2025 was up 20.7% y-o-y and up 10.8% y-o-y to $32.5 million in 1HFY2025.

The company attributes growth from two business segments, consumable tools, and wafer fabrication equipment parts.

"Our improved performance testifies that our strategic priorities aimed at building the core foundations of our business are on the right track," says Christopher Borch, the company's founder and CEO.

Micro-Mechanics says it remains focused on becoming a "leading next-generation supplier" of high-precision tools and parts used in the semiconductor manufacturing ecosystem.

It remains "cautiously optimistic" about the continued recovery of the semiconductor industry amid ongoing macroeconomic and geopolitical uncertainty. 

See also: Keppel Pacific Oak US REIT’s 1QFY2025 distributable income falls by 19.3% y-o-y to US$9.6 mil

It believes it is well-positioned to navigate these potential headwinds.

The company is maintaining an interim dividend payout of 3 cents per share for 1HFY2025, representing a payout ratio of 69.2%.

Micro-Mechanics shares closed at  $1.66 on Jan 24, unchanged for the day but down 17.41% in the past 12 months.

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