[SINGAPORE] Technology solutions provider Venture Corporation reported a 7 per cent decline in net profit to S$55.9 million in the first quarter of 2025, from S$60.1 million in the year-ago period.
Revenue fell 7.5 per cent to S$616.6 million, from S$666.7 million in the corresponding period a year ago.
Group revenue declined largely due to lower demand in the company’s lifestyle consumer technology domain, where it improved the reliability and longevity for a customer’s key products through R&D design innovation, which led to lower product replacement, the group said in a bourse filing on Wednesday (May 14).
Excluding the lifestyle consumer technology domain, Q1 revenue would have risen year on year, the mainboard-listed company added.
Earnings per share came in at S$0.193, down 6.8 per cent from the year-ago period.
The group generated net cash of S$55.4 million in Q1, compared with S$132.9 million a year ago. Its working capital position improved by S$20.8 million through proactive working capital management and a reduction in inventory, it noted.
It said: “There is broad consensus amongst our customers that the ongoing tariff situation has created significant uncertainty in the global economic environment, with no clear visibility in the tariff landscape over the next 12 months.”
“Venture is well-positioned to proactively create competitive solutions for our customers and partners. With synergistic capabilities across our operations globally, we see opportunities to expand our market share in at least three or four of our technology domains.”
Shares of Venture closed 0.5 per cent or S$0.06 higher at S$11.27 on Wednesday, before the announcement.
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