Micro-Mechanics Holdings' net profit climb 14% YoY in Q1 FY25

Revenue rose by 2.5% YoY to $16.2m.

Micro-Mechanics Holdings reported a 14% year-on-year (YoY) increase in net profit to $3.1m for the first quarter ended 30 September 2024, compared to $2.69m in the same period last year.

Revenue rose by 2.5% YoY to $16.2m, reflecting growth in global semiconductor sales.

Compared to the previous quarter, revenue was up 8.8% from $14.9m thanks to its consumable tools and wafer fabrication equipment parts segments.

Gross profit margin also showed a modest improvement, reaching 50.7%, supported by operational leverage and a favourable product mix, which has contributed to consistent gross margin growth over the past four quarters.

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