AEM Holdings posts $11.6m net profit in FY2024

Earnings per share were at $0.0365.

AEM Holdings Ltd. reported a net profit of $11.6m in FY2024 and net profit margin was at 3.1%.

The group achieved $380.4m in revenue and $19.8m in profit before tax, excluding exceptional items.

Earnings per share were at $0.0365.

Looking ahead, for the first half of 2025, the group is guiding revenue to be in the range of $155m to $170m.

For the full year, the group anticipates a stronger H2 2025, driven by the ramp-up timing of its key customers' devices and the anticipated recovery in the contract manufacturing business.

The group remains on course for customer diversification, with revenue from Test Cell Solutions customers, excluding its key customer, projected to exceed $100m in FY2025.

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