JEP Holdings Ltd posted a 117.3% surge in net attributable profit to 3.4 million Singapore dollars for the half-year ended Jun 30, driven by double-digit revenue growth in its precision machining business that caters to the aerospace and semiconductor sectors.
Earnings per share climbed to 0.817 Singapore cent from 0.376 cent a year earlier. The company did not declare any interim dividend.
Group revenue increased 16.3% year-on-year to 31.7 million Singapore dollars, with the precision machining unit contributing 24.3 million dollars—up 32.1% YoY—on stronger demand from aerospace (+37.5% to 15.8 million dollars) and semiconductor customers (+23.3% to 8.4 million dollars). Gross profit advanced 61.1% to 6.4 million dollars, lifting the gross margin to 20.3% from 14.6% as product mix and operational efficiency improved. Profit before tax more than doubled to 4.1 million dollars.
By segment, precision machining generated a profit of 3.7 million Singapore dollars, up 39.9% YoY. Equipment manufacturing swung to a 0.5 million-dollar profit from a 0.5 million-dollar loss after pivoting to front-end semiconductor projects and starting mass production of several first-article inspection jobs. Trading & Others contributed 0.2 million dollars.
Headwinds persisted in smaller divisions: equipment manufacturing revenue fell 14.1% to 5.2 million Singapore dollars, while trading & others declined 21.3% to 2.3 million dollars. Nonetheless, foreign-exchange gains of 0.2 million dollars, versus a 0.4 million-dollar loss a year earlier, and lower finance expenses supported the bottom line.
Strategically, the group is sharpening its focus on aerospace and semiconductors, seeking operational synergies with parent company UMS Integration and expanding capacity to meet demand for advanced packaging solutions. Several first-article inspection and new-product introduction projects are under qualification, with mass production expected to accelerate in the coming months.
Executive chairman and chief executive Andy Luong said the half-year performance reflected buoyant AI-driven semiconductor investment and resilient air-travel demand, despite geopolitical and macroeconomic uncertainties. He noted that the revamped equipment manufacturing division positions JEP to serve customers’ advanced semiconductor technologies and expressed confidence that financial results will “remain strong” for FY2026, barring unforeseen circumstances.
Industry data cited by the company point to sustained tailwinds: IATA forecasts global air passenger traffic reaching 5.2 billion travellers in 2026, while analysts project worldwide AI-related semiconductor capital expenditure to climb to 757 billion US dollars, indicating robust demand across JEP’s core markets.
JEP ended June with 7.0 million Singapore dollars in cash and generated 0.4 million dollars in free cash flow, aided by lower capital spending and loan repayments. Net asset value stood at 21.1 cents a share, up from 20.3 cents at end-December.