- Venture Corp (SGX:V03)'s 1Q25 results were below expectations, with revenue and PATMI at 23% of our FY25e forecast. Net profit in 1Q25 declined 7.0% y-o-y to S$55mil. Quarterly revenue is the lowest in a decade or since 1Q15. Lower contribution from a key lifestyle consumer product impacted revenue.
- - Read this at SGinvestors.io -
The Positive
Still cash generative.
- Despite softer growth, Venture Corp continues to deliver steady operating cash flows of S$55mil in 1Q25. The company enjoys a high cash-to-net-profit conversion rate. Capital expenditure is also expected to be stable, around S$30mil.
The Negative
Structurally weak revenue.
- - Read this at SGinvestors.io -
Outlook
- Read more at SGinvestors.io.
