Venture posts 0.7% increase in Q1 earnings to S$56.3m amid strong AI infrastructure demand

[SINGAPORE] Technology player Venture Corporation on Tuesday (May 5) posted S$56.3 million in net profit in the first quarter of FY2026, as demand for AI-infrastructure continues to grow worldwide.

While the group did not disclose a comparison for its net profit for the previous year, the figure is a 0.7 per cent increase from S$55.9 million net profit in the year-ago period.

Revenue for Q1 FY2026 rose 1.9 per cent to S$628.5 million, from S$616.6 million the previous year.

The group attributed the rise in group revenue to heightened demand across technology domains that support AI-related infrastructure.

This was driven by its Portfolio B, which consists of domains such as test and measurement instrumentation, networking and communications, as well as semiconductor-related equipment.

The portfolio’s revenue increased 11.2 per cent to S$417 million, from S$375 million the previous year.

However, revenue of the group’s Portfolio A – comprising the life sciences, medtech and lifestyle consumer segments – decreased S$30 million to S$212 million, from S$242 million in the year-ago period.

Venture said this was due to declining year-on-year volumes in the lifestyle consumer domain.

Earnings per share edged up 0.9 per cent to S$0.195, from S$0.193 in the year-ago period.

SEE ALSO

Venture posts 6.1% fall in H2 FY2025 earnings to S$114 million

The group’s working capital position stood at S$868.3 million as at Mar 31, up S$37.5 million from the end of last year, as it increased inventory levels by S$58.6 million to support business growth and supply chain resilience.

Its net cash position stood “in excess of S$1 billion” as at Mar 31, “even after the payment for higher dividends as well as share buybacks in 2025”. Its board has proposed a final dividend of S$0.50 per share for FY2025.

“With existing customers and partners in our selected tech domains, we are growing market share in the hardware space,” it noted.

The group said that its advancement in research and development in the consumer lifestyle segment places it in a “good position” for future opportunities beyond product and system design and development.

“Venture continues to invest in operational excellence and forge new levels of more comprehensive strategic collaborative partnerships in an emerging multipolar world.”