Micro-Mechanics (Holdings) Ltd. posted a net profit of S$3.78 million for the three months ended 31 Mar 2026, up 18.8 per cent year-on-year, driven mainly by stronger sales of consumable tools to the semiconductor industry.

Earnings per share rose 18.8 per cent to 2.72 Singapore cents. The board paid an interim dividend of 3.0 Singapore cents a share during the quarter, in line with the distribution of S$4.2 million; the company did not disclose a comparative figure for the previous year’s interim payout.

Group revenue climbed 16.2 per cent YoY to S$18.55 million. The consumable tools division contributed S$14.4 million, a 20.9 per cent increase, while wafer-fabrication equipment (WFE) revenue edged up 2.6 per cent to S$4.2 million. Gross profit advanced 18.9 per cent to S$9.58 million, lifting the gross margin by 1.1 percentage points to 51.6 per cent.

Weaker demand in the WFE market over the nine-month period remained a drag, with segment revenue slipping 2.0 per cent YoY to S$10.9 million. Inventory levels rose to S$4.5 million, or 6.3 per cent of annualised sales, from S$3.1 million at end-June 2025, reflecting preparations for higher order volumes amid supply-chain uncertainties.

The group pressed on with its “Five-Star Factory” programme, which targets improvements in customer support, workplace efficiency, operational processes and innovation. Capital expenditure reached S$0.46 million in the quarter, and management expects to spend about S$2.0 million in 2HFY2026, including a new machining centre for its US plant to support WFE parts production.

Chief executive Kyle Borch said the quarter’s performance was underpinned by sustained demand for artificial-intelligence and high-performance computing applications, which have lifted global semiconductor sales. He noted that the company is prioritising shorter lead times and higher on-time delivery rates, while its geographically dispersed manufacturing network is intended to give customers a resilient, localised supply chain.