The company lowers its debt-to-equity ratio to 0.1 times over the period due to the repayment of debt
[SINGAPORE] Semiconductor testing equipment manufacturer AEM Holdings reported a 42.9 per cent year-on-year rise in its bottom line for the first quarter of FY2025 ended March as net profit margin improved.
In a bourse filing on Tuesday (May 13), the group announced a net profit of S$3.3 million translating to a margin of 3.9 per cent for the period, compared with that of S$2.3 million and 2.5 per cent for Q1 FY2024.
However, revenue was 8.7 per cent lower at S$86 million against S$94.2 million for the year-ago period.
AEM said this was in line with its H1 revenue guidance of S$155 million to S$170 million, despite the uncertainty created by the tariff turmoil.
The company said that it is on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter.
Net asset value per share was unchanged at S$1.552 as at Mar 31, compared with Dec 31, 2024.
The mainboard-listed company reduced its financial liabilities by 23.1 per cent to S$72.5 million, and lowered its debt-to-equity ratio to 0.1 times over the quarter due to the repayment of debt.
AEM shares rose 4.3 per cent or S$0.05 to S$1.21 on Tuesday, before this the announcement.
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