AEM Holdings (SGX:AWX) Full Year 2024 Results

Key Financial Results

• Revenue: S$380.4m (down 21% from FY 2023).
• Net income: S$11.4m (up from S$1.24m loss in FY 2023).
• Profit margin: 3.0% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: S$0.037 (up from S$0.004 loss in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

AEM Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

The primary driver behind last 12 months revenue was the Test Cell Solutions (TCS) segment contributing a total revenue of S$231.0m (61% of total revenue). Notably, cost of sales worth S$282.8m amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$56.4m (65% of total expenses). Explore how AWX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Asia.

Performance of the market in Singapore.

The company's shares are down 18% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of AEM Holdings' balance sheet and an in-depth analysis of the company's financial position.

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