Venture Corporation has reported a net profit of $55.6 million for the 3QFY2025 ended Sept 30, 8.3% lower than the $60.6 million posted in the corresponding period the year before.
Earnings per share (EPS) for the quarter stood at 19.2 cents, 3% lower q-o-q.
Revenue also fell by 9.1% y-o-y and 2.8% q-o-q to $627.2 million in 3QFY2025, reflecting expected softness in the lifestyle consumer technology domain. This was mitigated by new wins from customers in Venture’s test & measurement instrumentation and semiconductor related equipment tech domains.
On a constant currency basis, revenue would have fallen by 0.6% q-o-q.
Net margin for the quarter stood at 8.9%, up from 8.8% in the 3QFY2024.
In the 9MFY2025, the company generated net cash of $189.6 million from operating activities while its net cash position as at Sept 30 stood “in excess of $1 billion”.
See also: F&N’s profit after tax falls 4% y-o-y to $210.4 mil in FY2025
Looking ahead, Venture says it continues to secure business wins underpinned by its research and development (R&D), design and manufacturing capabilities.
It is also ramping up activities for hyperscale data centres including network connectivity solutions and is making “good progress” in rolling new product introductions for advanced instruments in the life science domain.
In addition, Venture says it is capturing new wins and increasing its market share in complex test and measurement instrumentation designs and is securing new businesses in its building automation & security arm. Finally, the company says it is “achieving steady progress” in the semiconductor related equipment domain by strengthening partnership with its key customers.
Shares in Venture closed flat at $15.06 on Nov 13.
