- UMS Integration (SGX:558)'s 3QFY25 miss on weaker sales. UMS’s 3QFY25 revenue fell 9% y-o-y to S$59.3m, weighed by weaker Semiconductor Integrated System sales (-24% y-o-y, -27% q-o-q) and a 16% drop in Aerospace, though component sales rose 6% to S$29.8m and Malaysia revenue surged 71% on new customer onboarding.
- - Read this at SGinvestors.io -
Margins improvement despite softer topline; 1-for-4 bonus announced.
- Gross margin expanded to 58.2% (from 51.7% in 3QFY24 and 54.3% in 2QFY25) on improved productivity and favourable mix. Pretax profit rose 11% y-o-y to S$13.2m, but net profit was flat at S$10.5m (-6% q-o-q).
- Net margin strengthened to 17.6% from 16.0% a year ago and 15.2% in 2QFY25, supported by lower personnel costs (-17% y-o-y on smaller bonus provisions) and forex gains offsetting inventory and utility cost pressures.
- - Read this at SGinvestors.io -
- The board declared a 1-for-4 bonus issue and a 1.0 cent interim UMS's dividends, underscoring confidence in UMS’s balance-sheet strength and earnings resilience. Dividend yield is expected to improve from the current 3.3% following the bonus issue, as UMS intends to maintain its annual dividend at around 5 cents.
Transition for new customer to gain traction.
- Read more at SGinvestors.io.
