- Venture Corp (SGX:V03)'s 3Q25 results were within expectations. Both 9M25 revenue and PAT were 76% of our FY25e forecast. Net profit in 3Q25 fell 8.3% y-o-y to S$55mil.
- - Read this at SGinvestors.io -
- Venture Corp’s guidance points to new product wins in network connectivity products for hyperscaler data centres and new product launches in lifestyle consumer. Both categories will only contribute meaningfully likely in 2H26.
- Tariffs have also made Singapore a more attractive manufacturing destination for the US market.
The Positive
Healthy cash-flows.
- Venture Corp generated S$189.6mil net cash from operations in 9M25 (9M24: S$393.8mil). It remains a highly cash-rich balance sheet in excess of S$1bn as at Sep25.
- - Read this at SGinvestors.io -
The Negative
The knock from consumer lifestyle.
- Extending the life span of a key lifestyle consumer product from 4-5 years to 1-2 years has resulted in a significant drop in volumes. The new product and replacement cycle began in early 2024.
Outlook
- Read more at SGinvestors.io.
