Post by Frencken

As the global semiconductor market continues to see upward momentum, Frencken is positioning itself to capitalise on stronger demand expected in the second half of this year.    Our Mechatronics operations in Asia and Europe serve market-leading semiconductor OEMs in wafer fabrication, device assembly and test tools. Mechatronics Asia delivered robust semiconductor sales growth in the first quarter of 2026 (1Q26) and expects continued growth this year. Mechatronics Europe is proactively aligning its capacity and resources in anticipation of a rebound in its semiconductor business during the second half of 2026.   The semiconductor segment made up around 49% of Group revenue in 1Q26. In line with our focus on market and geographical diversity for greater resilience and stability, Frencken derives the remainder 51% of revenue mainly from medical, analytical life sciences, industrial automation and automotive segments.    The Group’s medical segment is expected to continue with stable growth while the automotive radar antenna business is envisaged to reach an inflection point as production ramps up from the second half of 2026.    Our strategic focus in the next phase is to harness growth opportunities for core businesses and develop new growth engines for the future, as we set our sights to reach and cross the S$1 billion revenue mark.    Frencken is well-positioned to pursue its plans while navigating market volatility and uncertainty. At the end of 1Q26, the Group had shareholders’ equity of around S$485 million and a net cash position. Revenue for 1Q26 was S$202 million and net profit totalled S$8 million. We maintain an optimistic outlook and envisage improving business momentum to drive revenue and profit growth in FY2026.    For more information, please refer to the 1Q26 business update which is available here: https://lnkd.in/gnN4mygt