Venture Corporation has reported lower earnings for the 1HFY2025 ended June 30 of $113 million, down 8.6% y-o-y.
For the first half of 2025, revenue declined 8.8% y-o-y to $1.26 billion, largely due to a decline in the lifestyle domain. On a q-o-q basis, revenue grew 4.7% y-o-y to $645 million.
Venture says that it experienced lower demand in the lifestyle technology domain. “We improved the reliability and longevity of a customer’s key product through our R&D and design contribution, which led to lower product replacements and lower volumes,” the group says.
Earnings per share for the 1HFY2025 came in at 39.2 cents, down from the 42.6 cents in the same period a year before.
The group’s net profit fot the 1HFY2025 came in at $113 million, translating to a net margin of 9% for the period.
For the 1HFY2025, operating cash flow came in at $137.1 million. Net cash flow from operations came in at $149.8 million.
As at June 30, the group’s balance sheet had zero debt, and net cash position remained at $1.26 billion.
The board of directors has declared a special dividend of 5 cents per share, in addition to an interim dividend of 25 cents per share, resulting in a total amount of 30 cents per share on a one-tier tax-exempt basis.
“While there are ongoing uncertainties in the tariff environment and softness in the Lifestyle domain, we are encouraged by the momentum in business wins across multiple technology domains, which are driven by Venture’s differentiating R&D capabilities and operational efficiency,” the group adds.
Shares in Venture Corporation closed 10 cents lower or 0.78% down at $12.72 on Aug 6.
