UMS Integration - UOB Kay Hian 2025-08-14: Strong Core Earnings Growth In 2Q25 With Positive Outlook; Exploring Bonus Issue

• UMS expects to benefit from the AI-driven global chip sector rebound and rising shift of global semiconductor supply chains.
• UMS has won a new project with its first key customer and is exploring a bonus issue to reward shareholders and improve liquidity.

2Q25 earnings in line with expectations.

• - Read this at SGinvestors.io -
• UMS improved its bottom line despite incurring higher expenses and a foreign exchange loss of more than S$2.8m (vs a gain of S$0.1m in 2Q24). Excluding forex, core earnings grew 45% y-o-y. UMS’ gross margin rose to 54.2% from 53.6% in 2Q25 due to the change in product mix.

2Q25 revenue grew 20% y-o-y due to stronger semiconductor segment.

• - Read this at SGinvestors.io -
• Geographically, all of UMS' key markets except the US posted higher revenue in 2Q25. Revenue in Malaysia surged 270% in 2Q25 from the stronger order flow from the new major customer while Singapore's sales climbed 15% on the back of higher overall semiconductor sales.

UMS expects brighter prospects.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-11-11 UMS Integration - 3Q25 Results Below Expectations; Expect Gradual Improvement.

Previous report by UOB:
2025-10-29 UMS Integration - Continued Production Ramp-up For New Customer But Order Slower Than Expected.

Price targets by other brokers at UMS Target Prices.

Listing of research reports at UMS Analyst Reports.

Relevant links:
UMS Share Price History,
UMS Announcements,
UMS Dividend Payout Dates & Corporate Actions,
UMS News