UMS Holdings ( (UMSSF) ) has released its Q4 earnings. Here is a breakdown of the information UMS Holdings presented to its investors.
UMS Integration Limited, formerly known as UMS Holdings Limited, is a Singapore-based company specializing in the manufacture of precision machining components and equipment modules for semiconductor manufacturers, as well as providing engineering solutions for the aerospace and other industries.
In its latest earnings report for the year ending December 31, 2024, UMS Integration Limited reported a decline in revenue and profit compared to the previous year. The company faced a 19% decrease in annual revenue, totaling S$242.1 million, and a 32% drop in net profit, amounting to S$41.6 million. The semiconductor segment, which is the company’s primary business, experienced a significant revenue decline of 21%.
Key financial metrics highlighted in the report include a reduction in raw material purchases and subcontractor charges by 23%, while depreciation expenses increased by 10%. The company’s net finance income saw a substantial rise, with a 92% increase in finance income. Despite these challenges, UMS Integration Limited managed to maintain a strong cash position, with cash and bank balances rising to S$79.9 million from S$67.5 million the previous year.
Looking ahead, UMS Integration Limited remains cautiously optimistic about its future prospects. The management is focused on navigating the current economic challenges while exploring opportunities for growth in its core business segments. The company aims to leverage its strong financial position to invest in strategic initiatives that will drive long-term value for its shareholders.