Frencken Group's stock plummeted 4.93% in pre-market trading on Tuesday, following the release of its first-quarter 2026 financial results.
The company reported revenue of 202.0 million Singapore dollars, down 6.4% year-on-year, while net profit attributable to shareholders fell 20.2% to 8.0 million Singapore dollars. The decline was driven by weaker contributions from semiconductor and analytical life-sciences customers in Europe, partially offset by growth in Asia. The company also recorded a foreign-exchange loss of 1.1 million Singapore dollars during the quarter.
Looking ahead, Frencken expects first-half 2026 revenue to be broadly in line with the previous year, with stronger momentum anticipated in the second half supported by recoveries in European semiconductor orders and ramp-up of automotive radar antenna production.