Micro-Mechanics (Holdings) Ltd posted a net profit of S$3.16 million for the three months ended 30 September 2025, up 2.7 % year-on-year, as higher consumable tools sales offset weaker demand for wafer-fabrication equipment (WFE) parts.
The Singapore-listed precision tooling group generated earnings per share of 2.27 Singapore cents, compared with 2.21 cents a year earlier. No interim dividend was declared, in line with the company’s usual practice of considering payouts only at half-year and full-year stages.
Group revenue increased 2.9 % YoY to S$16.72 million, while gross profit margin widened to 51.5 % from 50.7 % a year earlier. Operating expenses, net of other income, were stable at 25.1 % of sales.
By segment, revenue from consumable tools climbed 7.9 % YoY to S$13.74 million, delivering an operating profit before tax of S$5.05 million. Sales of WFE parts fell 15.3 % YoY to S$2.97 million and recorded a pre-tax loss of S$0.37 million, hurt by material delays and shortages.
China remained the largest market, accounting for 36.2 % of turnover after a 19.3 % YoY increase to S$6.05 million. Sales in Malaysia and Singapore grew 5.6 % and 9.4 % respectively, while revenue from the United States dropped 18.7 % to S$3.09 million.
The group stayed debt-free with cash and bank balances of S$27.2 million at end-September. Capital expenditure came to S$0.35 million during the quarter, largely for IT upgrades and US facility renovations. Management plans to invest about S$4 million in plant and equipment over FY2026, subject to half-yearly reviews.
Strategic initiatives under the “Five-Star Factory” programme continued to focus on operational excellence, localisation of supply chains and development of new manufacturing capabilities. The company also said it will seek shareholder approval on 30 October 2025 for a new Performance Share Plan designed to align employee incentives with long-term targets.
Looking ahead, Micro-Mechanics cited industry forecasts from WSTS projecting a 9.9 % rise in global semiconductor sales to US$800 billion in 2026, but cautioned that tariff-related cost pressures and other macro uncertainties could affect customers in the near term.