AEM Holdings Ltd, a leader in semiconductor test innovation, has announced a 10% year-on-year increase in revenue for the first half of 2025, reaching $139.5 million (S$190.3 million). This growth aligns with the company’s revised guidance, driven by early order pull-ins and a favourable product mix. The company also reported a significant rise in profit before tax, which soared by 284% to $2.9 million (S$3.9 million), and operating cash flow increased by $29 million (S$39.3 million) to $34.3 million (S$46.4 million).
The financial results highlight the performance of AEM’s Test Cell Solutions segment, which generated $87 million (S$118.6 million), accounting for 62.3% of total revenue. This segment saw an 18.8% increase compared to the previous year, attributed to the successful deployment of the AMPS-BI solution. However, the Contract Manufacturing segment experienced a 4.7% decline in revenue due to global trade uncertainties.
In a strategic move, AEM’s Board of Directors has appointed Samer Kabbani as the new CEO, effective 28 July 2025. Kabbani, who joined AEM in 2020, brings over 25 years of experience in semiconductor test and thermal systems. His leadership is expected to drive the next phase of growth, focusing on scaling innovations and reinforcing AEM’s reputation with customers.
Looking ahead, AEM anticipates revenue for the second half of 2025 to range between $124.5 million (S$170 million) and $139.5 million (S$190 million), with expectations of increased production from its major AI and high-performance computing customer. The company remains committed to expanding its technology roadmap and customer engagements as it enters a new phase of execution and expansion.
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