Grand Venture Technology Ltd has announced a robust start to the financial year 2025, reporting a 44.8% year-on-year increase in revenue for the first quarter. The company attributes this growth to the rising adoption of artificial intelligence (AI) and strong demand in the semiconductor segment, alongside resilient performances in the Life Sciences and Electronics, Aerospace, Medical, and Others (EAMO) sectors.
The semiconductor segment experienced a remarkable 62.4% increase in revenue, driven by heightened demand for high-bandwidth memory testers and test equipment. This growth was further bolstered by contributions from new front-end semiconductor customers. Meanwhile, the Life Sciences segment saw a 28% rise, benefiting from existing customers shifting their products to Asia and new wins in automated sample preparation equipment. The EAMO segment also grew by 25.8%, supported by a $3.1m contribution from newly onboarded ACP Metal Finishing.
The company’s net profit after tax rose by 27.7% year-on-year, reflecting improved margins as Grand Venture Technology continues to optimise its operating leverage. The company is on track to achieve its revenue guidance of $90m to $96m for the first half of FY2025, representing a growth of 31.7% to 40.5% year-on-year.
Looking ahead, Grand Venture Technology anticipates continued robust growth in the semiconductor sector, driven by AI and high-performance computing adoption. The company is also expanding its services in the aerospace sector in China, aiming to strengthen its value proposition and wallet share. With minimal exposure to US tariffs and a strategic focus on Asia and Europe, Grand Venture Technology is well-positioned for sustained growth.
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