Valuetronics Holdings Limited · SGX:BN2
Valuetronics — FY2026 Earnings Presentation
29 slides from Valuetronics's earnings presentation, May 28, 2026
Slide 1: FY2026 Results
Vv tronics FY2026 RESULTS MAY 2026
Slide 2: Important Notice
Important Notice This presentation is to be read in conjunction with the announcement issued on SGXNET on 28 May 2026. This presentation is for information purposes only and does not constitute or form part of an offer, solicitation, recommendation or invitation for the sale or purchase or subscript
Slide 3: About Us
About Us Overview Accreditations • Established in 1992 in Hong Kong • ISO9001:2015 • Listed on SGX Mainboard on 28 March 2007 • ISO14001:2015 • An integrated Electronics Manufacturing • TL9000:2016(H) R6.3/5.7 Services (EMS) provider • IATF16949: 2016 • Auditors: PricewaterhouseCoopers • IPC J STD-0
Slide 4: Business Overview
Business Overview Valuetronics is a one-stop, integrated EMS provider that offers a full range of services to its customers Design and Multi-Geographic Assembly Supply chain support development Manufacturing • Plastic injection moulding Full turn-key manufacturing • Engineering design and Integrated
Slide 5: A Premier Design and Manufacturing Partner
A Premier Design and Manufacturing Partner Proactive Deployment of Design & Development Capabilities Value-added services across a vertically integrated business model from highly customised upstream solutions to tailor-made downstream services Integrated Engaged in Design & Manufacturing Customers’
Slide 6: Key Milestones
Key Milestones 1992 2007 2008 2012 Incepted in Hong Kong Listed on SGX Mainboard Completed Phase 1 Celebrated 20th with manufacturing construction of Daya anniversary with facilities in Danshui Began construction of Bay Facility revenue crossing Town PRC Daya Bay Facility HK$2.0 billion 2017 2019 20
Slide 7: Multinational Footprint
Multinational Footprint China Campus • Land use rights acquired in 2006 • Total site area > 110,000 sq m ShenZhen China Hong Hanoi Kong HQ Vietnam Vietnam Campus • Land use rights acquired in 2019 • Total site area > 52,000 sq m 7
Slide 8: Industrial & Commercial Electronics
Industrial & Commercial Electronics 1 / PRINTERS 2 / SENSING DEVICES 3 / AUTOMOTIVE PARTS Global Brand of a NYSE-listed MNC Unit of a NYSE-listed MNC Tier 1 Automotive System Thermal Label Printer for Industrial Cold Chain Temperature Monitor Manufacturer & Commercial Use* for Industrial & Commercia
Slide 9: Industrial & Commercial Electronics
Industrial & Commercial Electronics 4 / COMMUNICATION 5 / NETWORK & HPC 6 / INDUSTRIAL & PRODUCTS PRODUCTS COMMERCIAL APPLICATIONS US- & Canada-based Company Startup Owned by PE Fund US-based Company Cooling solutions for HPC environment* Hardware provider for retail chain stores* Network Access Sol
Slide 10: Consumer Electronics
Consumer Electronics 1 / CONSUMER LIFESTYLE 2 / SMART LIGHTING WITH IOT 3 / IMMERSIVE PRODUCTS FEATURES ENTERTAINMENT PRODUCTS Consumer Lifestyle Division, a World leader in lighting for professionals Leading Global Dutch MNC and consumers and lighting for IOT Entertainment Conglomerate PCBA for Sha
Slide 11: FY2026 Financial Highlights
1HFY2026 Financial Highlights FY2026 Financial Highlights 12 months ended 31 March 2026
Slide 12: FY2026 Financial Highlights
FY2026 Financial Highlights HK$’m 12 months ended 12 months ended % Change 31 March 2026 31 March 2025 Revenue 1,660.2 1,729.1 (4.0) Gross Profit 312.1 293.7 6.3 Gross Profit Margin 18.8% 17.0% 1.8% pt Loss in relation to Trio AI Investment* (48.4) - - Income Tax Expense (19.3) (8.2) 133.8 Net Profi
Slide 13: Reconciliation of profit before tax excluding impact of Trio AI Investment
Reconciliation of profit before tax excluding impact of Trio AI Investment HK$’m 12 months ended 12 months ended 31 March 2026 31 March 2025 (Unaudited) (Unaudited) Operating profit 136.8 175.3 Impairment loss on property, plant, and equipment and related lease 45.0 - receivable* Impairment losses o
Slide 14: Revenue
Revenue REVENUE (HK$’M) BY SEGMENT (%) BY SHIPMENT DESTINATION (%) ICE CE ICE CE Europe China & Apac N. America 12.9% 21.5% 25.0% 21.2% 2,027.4 2,013.7 34.9% 37.0% 46.0% 42.4% 433.4 1,669.9 1,729.1 1,660.2 53.7% 706.9 61.8% 367.0 214.1 417.9 87.1% 43.1% 78.5% 75.0% 78.8% 38.7% 35.6% 1,580.3 65.1% 28
Slide 15: Profit
Profit 18.8% 17.0% 15.9% 13.6% 13.0% 9.6% 9.6% 6.1% 6.7% Adjusted NPM* : 9.6% 5.6% 312.1 293.7 274.8 265.2 261.7 159.6 166.5 159.9 113.5 123.0 111.4 FY22 FY23 FY24 FY25 FY26 Gross Profit (HK$'m) Net Profit (HK'm) Adjusted Net Profit* (HK$'m) GPM NPM Core operating performance from EMS business remai
Slide 16: Market Capitalisation, NAV & Net Cash Balance
Market Capitalisation, NAV & Net Cash Balance (HK$’m) NAV Market Cap Net Cash balance 2,336.3 1,765.6 1,469.3 1,456.1 1,465.5 1,368.6 1,348.8 1,399.6 1,362.0 1,340.5 1,213.8 1,093.8 1,164.5 1,009.9 936.7 FY22 FY23 FY24 FY25 FY26 # Share price as at respective period/year end date *SGD/HKD Ex rate as
Slide 17: Dividends Track Record
Dividends Track Record Dividend policy: An annual ordinary dividend payout of Shareholder Returns+: at least 30% and up to 50% of net profit attributable to shareholders +41.0% yoy (FY25 vs FY26) 132.4% (HK$ cents) Interim Final Special^ Dividend Yield Payout Ratio 69.0% 68.7% 64.6% 64.9% 51.2% 54.2
Slide 18: Summary of Cash Flows
Summary of Cash Flows HK$’m FY26 FY25 Operating Activities Net cash generated from operating activities 225.4 207.9 Investing Activities Net cash used in investing activities (3.9) (171.8) - CAPEX (47.0) (228.0) - Interest received 40.8 52.7 - Others 2.3 3.5 Financing Activities Net cash used in fin
Slide 19: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios HK$’m FY26 FY25 Turnover Days FY26 FY25 Working capital Inventories 53.9 43.7 Inventories 198.9 171.7 Trade Receivables 66.9 78.8 Trade Receivables 304.2 373.4 Trade Payables (62.7) (69.6) Trade Payables (231.4) (273.6) 58.1 52.9 271.7 271.5 Net Current Assets 1,048.6 952.
Slide 20: Key Financial Ratios
Key Financial Ratios FY26 FY25 Price (SGD)# 0.89 0.70 Basic earnings per share (HK¢) 28.7 41.6 Basic Earnings per Share Return on Equity (%) Basic earnings per share after 11.4 11.4 adjustment on Trio AI 40.6 - (HK¢) 10.9+ Investment (HK¢) 41.6 + 40.6 38.7 9.0 NAV per share (SGD)* 0.59 0.61 8.3 7.6
Slide 21: Business Outlook
Business Outlook Business Outlook
Slide 22: Business Segments
Business Segments Gross profit margin improved from 17.0% to 18.8% within increased contribution from ICE segment. ICE segment: • Growth was primarily driven by network-access-solution customers • Offset the decrease in demand from some existing customers • Pursuing an automotive customer 01 for pro
Slide 23: Strategic Direction
Strategic Direction • Expand and optimise regional manufacturing capabilities across Vietnam and China • Prioritise scalable, high-potential 01 customers and rebalance towards higher-margin offerings • Drive customer diversification and operational efficiency to support sustainable growth; 02 Discla
Slide 24: Macroeconomic Environment
Macroeconomic Environment Key Factors • Recent tariff measures imposed by the U.S. Administration under Section 122 of the Trade Act of 1974, following the U.S. Supreme Court’s invalidation of IEEPA-based reciprocal tariffs in February 2026, indicate a continued shift toward more restrictive trade p
Slide 25: Trio AI Investment Update
TrioAI Trio AI—Investment Investment Update BACKGROUND WHAT HAPPENED NEXT STEPS • Investment underpinned by: • Demand for GPU-enabled services • Intends to offered by Trio AI did not materialise at − external study showed a clear the pace required to support its − Reassess the future direction of th
Slide 26: Revised Dividend Policy
Revised Dividend Policy The Company has committed to distribute target annual ordinary dividend payout of 50% to 70% of the net profit attributable to Shareholders in any financial year, whether as interim and/or final dividends • Revised upward from previous policy of “at least 30% and up to 50% of
Slide 27: Capital Allocation & Return Strategy
Capital Allocation & Return Strategy Special FY2027 FY2028 HK$300M Dividends Special ~HK$66M FY2027-FY2028 dividends (special dividend of HK16 cts/share for FY26) Returning surplus cash Balance of to shareholders Share Buyback HK$300M Share Not less than Scheme buybacks HK$80M • The Group will conti
Slide 28: Corporate Sustainability Highlights
Corporate Sustainability Highlights Local Community Environmental Compliance Achieved ISO14000 accreditation, standards for Engagement environmental management since 2008 Carried out such engagements at least once every quarter Carbon Reduction Diversity Installed solar panels for China campus Achie
Slide 29: Thank You!
Vv tronics Thank You!