AEM Holdings Ltd., a leader in test innovation, has announced a significant improvement in its financial results for the second half of 2024, with revenue reaching S$206.8 million, marking a 19% increase compared to the first half of the year. This growth is attributed to the company’s key customer advancing system orders from FY2025 into 4Q2024 for inventory management purposes.
The group’s profit before tax (PBT), excluding exceptional items, surged by 151% to S$14.1 million in 2H2024. For the full year, AEM reported a revenue of S$380.4 million and a PBT of S$19.8 million, with earnings per share at 3.65 Singapore cents. The Test Cell Solutions segment, which accounted for 63.4% of the group’s revenue in 2H2024, saw a 31.4% increase, driven by new customer sales and pull-in orders.
AEM’s balance sheet remains robust, with total equity rising to S$492.3 million by the end of December 2024. The company has provided revenue guidance of S$155 million to S$170 million for the first half of 2025, anticipating a stronger second half due to the ramp-up of key customer devices and recovery in the contract manufacturing business.
CEO Amy Leong expressed optimism, stating, “We see AI/HPC compute and related memory businesses as key growth drivers for us in the near and mid-term, and we will continue to invest in these areas.” AEM’s strategic focus on customer diversification and technology leadership positions it well for future growth.
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