Annual financial statement
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Period ended 31 December 2025 % % 31 Dec 202531 Dec 2024increase/31 Dec 202531 Dec 2024increase/ S$'000 S$'000 (decrease) S$'000 S$'000 (decrease) Revenue (Note A) 5 1,272,655 1,351,711 (5.8) 2,534,517 2,735,927 (7.4) Other income (Note B) 930 3,543 (73.8) 2,761 3,818 (27.7) Changes in finished goods, work in progress and raw materials used (Note A) (914,858) (994,580) (8.0) (1,832,846) (2,024,780) (9.5) Employee benefits expense (Note C) (161,122) (161,197) (0.0) (315,820) (313,562) 0.7 Depreciation and amortisation expense (17,119) (16,806) 1.9 (33,884) (32,775) 3.4 Research and development expense (Note D) (10,672) (11,359) (6.0) (19,019) (20,741) (8.3) Foreign currency exchange gain (Note E) 421 1,072 (60.7) 459 2,683 (82.9) Other operating expenses (Note F) (44,816) (43,526) 3.0 (90,099) (85,651) 5.2 Investment revenue (Note G) 18,170 23,927 (24.1) 39,086 42,551 (8.1) Finance costs (Note H) (440) (659) (33.2) (983) (1,137) (13.5) Share of profit of associate - - n.m. 241 254 (5.1) Profit before tax 143,149 152,126 (5.9) 284,413 306,587 (7.2) Income tax expense (28,821) (30,293) (4.9) (56,778) (60,837) (6.7) Profit for the period 3 114,328 121,833 (6.2) 227,635 245,750 (7.4) Other comprehensive income: - Items that will not be reclassified subsequently to profit or loss Fair value gain on other financial assets, through other comprehensive income (FVTOCI) 3,538 1,326 166.8 4,960 2,209 124.5 Other comprehensive income: - Items may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations 21,647 3,290 558.0 (82,620) 44,240 n.m. Total comprehensive income for the period 139,513 126,449 10.3 149,975 292,199 (48.7) Profit attributable to: Owners of the Company 113,973 121,371 (6.1) 226,958 245,029 (7.4) Non-controlling interests 355 462 (23.2) 677 721 (6.1) 114,328 121,833 (6.2) 227,635 245,750 (7.4) Total comprehensive income attributable to: Owners of the Company 138,989 126,015 10.3 149,394 291,435 (48.7) Non-controlling interests 524 434 20.7 581 764 (24.0) 139,513 126,449 10.3 149,975 292,199 (48.7) Cents Cents Cents Cents Basic earnings per share 39.6 41.9 78.8 84.5 Fully diluted earnings per share 39.5 41.8 78.7 84.4 Condensed Consolidated Statement of Profit Or Loss and Other Comprehensive Income Notes to Financial Statements Group Full Year Group 2nd Half 1 of 13
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Note H Finance costs for 2025 decreased year-on-year in line with decrease in lease liabilities balance. Note A Group revenue for 2025 declined year-on-year, largely due to the expected softness in the Lifestyle Consumer technology domain from lower product replacement. Unfavorable foreign exchange movements from USD also contributed to the revenue headwinds. Gross margin percentage increased year-on-year driven by a more favorable sales mix with the Group's continued focus on highvalue- add solutions. Note B Other income for 2025 was lower year-on-year due to lower government grants received in the current year. Note C Employee benefits expense for 2025 increased marginally year-on-year. While the Group maintains tight control over headcount through disciplined hiring and workforce rationalisation, labour cost inflation remained persistent driven by statutory minimum wage increases and unfavorable currency impact from its Malaysian operations. Note D Research and development (R&D) expenses (which comprised prototyping, tooling, non-recurring engineering (NRE), materials and related services) for 2025 were lower driven by customers requirements. R&D manpower costs are separately recorded under Employee benefits expense. Note E Foreign currency exchange gains for 2025 were lower year-on-year due to currency headwinds and heightened market volatility. In response, the Group has intensified its foreign exchange management efforts, actively monitoring exposures and executing targeted hedging strategies to safeguard its financial positions. Note F Other operating expenses for 2025 increased year-on-year mainly due to higher IT-related costs arising from SAP Hana system implementation and cloud subscriptions expenses, as well as higher repair & maintenance charges incurred for the upkeep of Group's facilities. These investments are expected to strengthen the Group’s digital infrastructure and support operating efficiency. Management will continue to exercise cost discipline while prioritising expenditures that enhance the Group’s long-term competitiveness and scalability. Note G Investment revenue for 2025 was lower year-on-year as interest income softened amid a declining interest rate environment. Notwithstanding this, the Group continues to optimise returns by actively managing its cash portfolio and maximising yields within the prevailing interest rate landscape. 2 of 13
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Condensed Statement Of Financial Position As at 31 December 2025 31 Dec 2025 31 Dec 2024 31 Dec 2025 31 Dec 2024 S$'000 S$'000 S$'000 S$'000 ASSETS Current assets: Cash and bank balances 1,283,570 1,316,706 283,081 299,513 Trade receivables 608,783 667,589 9,110 10,684 Other receivables and prepayments 39,793 40,910 2,146 4,075 Contract assets 13,701 14,933 2,878 2,997 Inventories 695,841 686,431 52,864 59,566 Trade receivables due from subsidiaries - - 87,228 101,820 Other receivables due from subsidiaries - - 630 1,444 Total current assets 2,641,688 2,726,569 437,937 480,099 Non-current assets: Investments in subsidiaries - - 1,229,819 1,229,819 Investment in associate 1,054 978 - - 4 45,224 41,684 16,591 12,710 Property, plant and equipment 244,187 249,589 31,658 31,834 Right-of-use assets 17,690 28,551 5,335 11,069 Intangible assets 3,090 661 124 107 Goodwill 639,708 639,708 - - Deferred tax assets 9,578 12,206 560 560 Total non-current assets 960,531 973,377 1,284,087 1,286,099 Total assets 3,602,219 3,699,946 1,722,024 1,766,198 LIABILITIES AND EQUITY Current liabilities: Trade payables 473,802 443,503 45,241 50,170 Other payables and accrued expenses 171,012 189,103 26,350 29,630 Contract liabilities 92,061 94,062 4,040 3,011 Lease liabilities 6 8,609 11,832 4,534 6,936 Trade payables due to subsidiaries - - 20,965 13,122 Other payables due to subsidiaries - - 17,445 17,909 Income tax payable 46,074 46,664 8,352 8,888 Total current liabilities 791,558 785,164 126,927 129,666 Non-current liabilities: Deferred tax liabilities 1,804 2,037 - - Lease liabilities 6 11,024 18,421 2,037 5,454 Total non-current liabilities 12,828 20,458 2,037 5,454 Capital and reserves: Share capital 7 801,969 820,009 801,969 820,009 Treasury shares 7 (21,159) (22,292) (21,159) (22,292) Share-based awards reserve 5,879 5,507 5,879 5,507 Investments revaluation reserve 9,505 4,545 10,809 6,927 Foreign exchange translation reserve (178,329) (95,805) - - Other reserves 3,622 2,648 (7,726) (7,551) Accumulated profits 2,171,254 2,175,201 803,288 828,478 Equity attributable to owners of the Company 2,792,741 2,889,813 1,593,060 1,631,078 Non-controlling interests 5,092 4,511 - - Total equity 2,797,833 2,894,324 1,593,060 1,631,078 Total liabilities and equity 3,602,219 3,699,946 1,722,024 1,766,198 Group Company Other financial assets Notes to Financial Statements 3 of 13
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Condensed Consolidated Statement of Cash Flow Period ended 31 December 2025 31 Dec 202531 Dec 2024 31 Dec 202531 Dec 2024 S$'000 S$'000 S$'000 S$'000 Operating activities: Profit before income tax 143,149 152,126 284,413 306,587 Adjustments for: Share of profit of associate - - (241) (254) (Reversal) Allowance for inventory provisions (360) 1,135 241 1,074 Depreciation of property, plant and equipment 10,798 10,337 21,383 20,377 Depreciation of right-of-use assets 6,155 6,171 12,115 11,856 Amortisation of intangible assets 166 298 386 542 Net re-measurement of loss allowance 55 (10) 62 (161) Interest income (18,170) (23,927) (39,086) (42,551) Dividend income (1,145) (1,016) (2,313) (1,691) Interest expense 440 659 983 1,137 Share-based payments expense 743 542 1,724 1,669 Fair value adjustment on derivative instrument 129 674 (743) 1,438 (Gain) Loss on disposal of plant and equipment, net (30) 31 82 27 Operating profit before working capital changes 141,930 147,020 279,006 300,050 Trade receivables 16,713 8,033 27,875 28,910 Other receivables, prepayments and contract assets (2,249) 5,841 (6,417) (1,017) Inventories (37,799) 64,217 (37,133) 153,533 Trade payables (8,589) (15,971) 48,708 41,804 Other payables, accrued expenses and contract liabilities 15,367 36,368 (6,169) 24,531 Cash generated from operating activities 125,373 245,508 305,870 547,811 Interest paid (440) (659) (983) (1,137) Income tax paid (23,163) (32,653) (53,352) (64,164) Net cash generated from operating activities 101,770 212,196 251,535 482,510 Investing activities: Interest received 22,591 23,529 42,387 38,759 Dividend received from associate - - 165 165 Dividend received from other equity investments 1,145 1,016 2,313 1,691 Purchase of property, plant and equipment (13,310) (6,696) (25,242) (16,554) Proceeds on disposal of plant and equipment 67 79 83 102 Addition of intangible assets (2,648) (12) (2,819) (218) Purchase of other financial assets - (13,450) - (13,450) Net cash generated from investing activities 7,845 4,466 16,887 10,495 Financing activities: Dividends paid (86,310) (72,495) (230,150) (217,537) Shares purchased and cancelled (72) (11,912) (18,040) (18,046) Purchase of treasury shares - (1,815) - (1,815) Repayments of lease liabilities (Note I) (7,125) (5,830) (12,811) (11,556) Net cash used in financing activities (93,507) (92,052) (261,001) (248,954) Net increase in cash and cash equivalents 16,108 124,610 7,421 244,051 Cash and cash equivalents at beginning of period 1,255,289 1,190,843 1,316,706 1,056,303 Effect of foreign exchange rate changes on the balance of cash held in foreign currencies 12,173 1,253 (40,557) 16,352 Cash and cash equivalents at end of period 1,283,570 1,316,706 1,283,570 1,316,706 Cash and cash equivalents comprises: Cash 122,873 164,897 122,873 164,897 Fixed deposits 1,160,697 1,151,809 1,160,697 1,151,809 Cash and cash equivalents on the condensed consolidated cash flow statement1,283,570 1,316,706 1,283,570 1,316,706 Net lease liabilities additions S$'000 S$'000 S$'000 S$'000 Lease Liabilities 30,253 (12,811) 2,020 171 19,633 Full Year Foreign exchange movement 2nd Half S$'000 Note I: Reconciliation of liabilities arising from financing activities between cash and non-cash changes 31 Dec 202531 Dec 2024Financing Cash Flows Non-cash changes 4 of 13
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Condensed Statement Of Changes In Equity For The Period Ended 31 December 2024 Share- Foreign Equity Notes based Investmentsexchange attributable Non- to Share Treasuryawards revaluationtranslationOther Accumulatedto owners of controlling Total Financial capital shares reserve reserve reserve reserves profits the Companyinterests equity StatementsS$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 The Group Balance at 1 January 2024 838,055 (22,429) 5,920 2,336 (140,002) 1,533 2,148,694 2,834,107 3,747 2,837,854 Total comprehensive income for the period Profit for the year - - - - - - 245,029 245,029 721 245,750 - - - - - - - - - Other comprehensive income for the year - - - 2,209 44,197 - - 46,406 43 46,449 Total - - - 2,209 44,197 - 245,029 291,435 764 292,199 Transactions with owners, recognised directly in equity Appropriation to reserve fund - - - - - 1,360 (1,360) - - - Interim tax exempt dividend paid in respect of the current financial year 9 - - - - - - (72,495) (72,495) - (72,495) Treasury shares reissued pursuant to equity compensation plans 7 - 1,952 (1,707) - - (245) - - - - Purchase of treasury shares 7 - (1,815) - - - - - (1,815) - (1,815) Final tax exempt dividend paid in respect of the previous financial year 9 - - - - - - (145,042) (145,042) - (145,042) Share options lapsed 7 - - (375) - - - 375 - - - Recognition of share-based payments 7 - - 1,669 - - - - 1,669 - 1,669 Shares purchased and cancelled 7 (18,046) - - - - - - (18,046) - (18,046) Total (18,046) 137 (413) - - 1,115 (218,522) (235,729) - (235,729) Balance at 31 December 2024 820,009 (22,292) 5,507 4,545 (95,805) 2,648 2,175,201 2,889,813 4,511 2,894,324 Condensed Statement Of Changes In Equity For The Period Ended 31 December 2025 Share- Foreign Equity Notes based Investmentsexchange attributable Non- to Share Treasuryawards revaluationtranslationOther Accumulatedto owners of controlling Total Financial capital shares reserve reserve reserve reserves profits the Companyinterests equity StatementsS$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 The Group Balance at 1 January 2025 820,009 (22,292) 5,507 4,545 (95,805) 2,648 2,175,201 2,889,813 4,511 2,894,324 Total comprehensive income for the period Profit for the period - - - - - - 226,958 226,958 677 227,635 Other comprehensive income for the period - - - 4,960 (82,524) - - (77,564) (96) (77,660) Total - - - 4,960 (82,524) - 226,958 149,394 581 149,975 Transactions with owners, recognised directly in equity Appropriation to reserve fund - - - - - 1,149 (1,149) - - - Interim / special tax exempt dividend paid in respect of the current financial year 9 - - - - - - (86,310) (86,310) - (86,310) Treasury shares reissued pursuant to equity compensation plans 7 - 1,133 (958) - - (175) - - - - Final tax exempt dividend paid in respect of the previous financial year 9 - - - - - - (143,840) (143,840) - (143,840) Share options lapsed 7 - - (394) - - - 394 - - - Recognition of share-based payments 7 - - 1,724 - - - - 1,724 - 1,724 Shares purchased and cancelled 7 (18,040) - - - - - - (18,040) - (18,040) Total (18,040) 1,133 372 - - 974 (230,905) (246,466) - (246,466) Balance at 31 December 2025 801,969 (21,159) 5,879 9,505 (178,329) 3,622 2,171,254 2,792,741 5,092 2,797,833 5 of 13
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Condensed Statement Of Changes In Equity For The Period Ended 31 December 2024 Share- Notes based Investments to Share Treasury awards revaluation Other AccumulatedTotal Financial capital shares reserve reserve reserves profits equity StatementsS$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 The Company Balance at 1 January 2024 838,055 (22,429) 5,920 3,397 (7,306) 826,980 1,644,617 Total comprehensive income for the period Profit for the period - - - - - 218,660 218,660 Other comprehensive income for the period - - - 3,530 - - 3,530 Total - - - 3,530 - 218,660 222,190 Transactions with owners, recognised directly in equity Treasury shares reissued pursuant to equity compensation plans 7 - 1,952 (1,707) - (245) - - Purchase of treasury shares 7 - (1,815) - - - - (1,815) Interim tax exempt dividend paid in respect of the current financial year 9 - - - - - (72,495) (72,495) Final tax exempt dividend paid in respect of the previous financial year 9 - - - - - (145,042) (145,042) Share options lapsed 7 - - (375) - - 375 - Recognition of share-based payments 7 - - 1,669 - - - 1,669 Shares purchased and cancelled 7 (18,046) - - - - - (18,046) Total (18,046) 137 (413) - (245) (217,162) (235,729) Balance at 31 December 2024 820,009 (22,292) 5,507 6,927 (7,551) 828,478 1,631,078 Condensed Statement Of Changes In Equity For The Period Ended 31 December 2025 Share- Notes based Investments to Share Treasury awards revaluation Other AccumulatedTotal Financial capital shares reserve reserve reserves profits equity StatementsS$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 The Company Balance at 1 January 2025 820,009 (22,292) 5,507 6,927 (7,551) 828,478 1,631,078 Total comprehensive income for the period Profit for the period - - - - - 204,566 204,566 Other comprehensive income for the period - - - 3,882 - - 3,882 Total - - - 3,882 - 204,566 208,448 Transactions with owners, recognised directly in equity Treasury shares reissued pursuant to equity compensation plans 7 - 1,133 (958) - (175) - - Interim / special tax exempt dividend paid in respect of the current financial year 9 - - - - - (86,310) (86,310) Final tax exempt dividend paid in respect of the previous financial year 9 - - - - - (143,840) (143,840) Share options lapsed 7 - - (394) - - 394 - Recognition of share-based payments 7 - - 1,724 - - - 1,724 Shares purchased and cancelled 7 (18,040) - - - - - (18,040) Total (18,040) 1,133 372 - (175) (229,756) (246,466) Balance at 31 December 2025 801,969 (21,159) 5,879 10,809 (7,726) 803,288 1,593,060 6 of 13
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SELECTED NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Corporate Information 2. Basis of Preparation 2.1 Use of Judgements and Estimates 3. Profit after Income Tax The profit after income tax includes the following credits (charges): 31 Dec 2025 31 Dec 2024 31 Dec 2025 31 Dec 2024 S$'000 S$'000 S$'000 S$'000 Overprovision of tax in respect of prior years 1,734 1,717 1,692 893 Net re-measurement of loss allowance (55) 10 (62) 161 Gain (Loss) on disposal of property, plant and equipment, net 30 (31) (82) (27) Reversal (Allowance) for inventory provisions 360 (1,135) (241) (1,074) 12 months ended Venture Corporation Limited (Registration No. 198402886H) is incorporated in the Republic of Singapore with its principal place of business and registered office at 5006 Ang Mo Kio Avenue 5, #05-01/12 TECHplace II, Singapore 569873. The Company is listed on the mainboard of the Singapore Exchange Securities Trading Limited (“SGX-ST”). These condensed consolidated financial statements as at and for the six months and full year ended 31 December 2025 comprise the Company and its subsidiaries (collectively, the Group). The Company is a leading global provider of technology solutions, products and services. The condensed financial statements for the six months and full year ended 31 December 2025 have been prepared in accordance with SFRS(I) 1-34 Interim Financial Reporting issued by the Accounting Standards Council Singapore. The condensed financial statements do not include all the information required for a complete set of financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group’s financial position and performance of the Group since the last interim financial statements for the period ended 30 June 2025. The accounting policies adopted are consistent with those of the previous financial year which were prepared in accordance with SFRS(I)s, except for the adoption of new and amended standards applicable for the current reporting period. The Group did not have to change its accounting policies or make retrospective adjustments as a result of adopting those standards. Standards issued but not effective can be found in Note 34 to annual financial statements for the full year ended 31 December 2024. The principal activities of the Group can be found in Note 11 to annual financial statements for the year ended 31 December 2024. The condensed financial statements are presented in Singapore dollar which is the Company’s functional currency. The condensed financial statements for the six months and full year ended 31 December 2025 have not been audited or reviewed. Group In preparing the condensed financial statements in conformity with SFRS(I)1-34 Interim Financial Reporting, the management is required to make judgement, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. In applying the Group’s material accounting policies, the judgements and the key sources of estimation uncertainty made were the same as those that applied to the consolidated financial statements as at and for the year ended 31 December 2024. Details can be found in Note 3 to annual financial statements for the year ended 31 December 2024. Group 2nd Half 7 of 13
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4. Financial Assets measured at Fair Value 4.1 Fair Value Measurement Fair value of financial assets and financial liabilities 31 Dec 202531 Dec 202531 Dec 202431 Dec 2024 Assets Liabilities Assets Liabilities S$'000 S$'000 S$'000 S$'000 Derivative Financial Instruments The Group and the Company Foreign exchange forward contract 3 - - 740 Level 2 Other Financial Assets The Group Quoted equity shares 41,972 - 38,365 - Level 1 Unquoted equity shares / debt instrument 3,252 - 3,319 - Level 2 The Company Quoted equity shares 16,591 - 12,710 - Level 1 5. Segment and Revenue Information a) By Reportable Segments The Group classifies financial assets measured at fair value using a fair value hierarchy which reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: a) Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1); b) Inputs other than quoted prices included within Level 1 which are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices) (Level 2); and c) Inputs for the assets or liability which are not based on observable market data (unobservable inputs) (Level 3) Other than the fair values of derivative financial instruments and other financial assets, the carrying amounts of cash and bank balances, trade and other receivables, and trade and other payables approximate their respective fair values due to the relatively short-term maturity of these financial instruments. There were no significant transfers between Level 1 and Level 2 of the fair value hierarchy during the year. Financial Assets/Liabilities Fair Value as at Fair Value Hierarchy Forward pricing: The fair value is determined using quoted forward exchange rates at the reporting date discounted at a rate that reflects credit risk of counterparties Valuation Technique(s) and Key Input(s) Quoted bid prices in an active market Net tangible asset of the underlying investment / most recent transacted prices which approximate fair value Quoted bid prices in an active market In accordance with disclosures under SFRS (I) 8 Operating Segments, the Group’s report on its operating segments are based on information shared internally with the Group’s chief operating decision makers. The Group is predominantly a provider of manufacturing, engineering, design and fulfilment services to the global electronics industry and the nature of the production process and distribution modes of the products for Venture’s wide range of customers are fairly similar within Electronic Manufacturing Services (EMS++). The measurement of operating segment results is generally consistent with the presentation of the Group’s condensed interim Statement of Comprehensive Income. Disclosures by geographical locations and technology domains accurately reflect the nature and scope of the Group’s current undertakings and provide a clear picture of its diverse global businesses to readers. 8 of 13
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b) Revenue By Technology Domains 31 Dec 25 31 Dec 24 31 Dec 25 31 Dec 24 S$'000 S$'000 S$'000 S$'000 Portfolio A 443,571 509,577 933,437 1,113,509 Portfolio B 829,084 842,134 1,601,080 1,622,418 1,272,655 1,351,711 2,534,517 2,735,927 c) Revenue By Geographical Locations The Group operates in the following principal geographical areas: 31 Dec 25 31 Dec 24 31 Dec 25 31 Dec 24 S$'000 S$'000 S$'000 S$'000 Singapore 377,165 376,797 721,490 724,190 Asia-Pacific (excluding Singapore) 849,381 911,755 1,715,573 1,872,874 Others 46,109 63,159 97,454 138,863 1,272,655 1,351,711 2,534,517 2,735,927 A breakdown of sales: Year ending 31 Dec 2025 Year ending 31 Dec 2024 Increase/ (Decrease) S$'000 S$'000 % 1,261,862 1,384,216 (9%) 113,307 123,917 (9%) 1,272,655 1,351,711 (6%) 114,328 121,833 (6%) 6. Aggregate Amount of Group's Borrowings and Debt Securities (a) Amount repayable in one year or less, or on demand Secured Unsecured Secured Unsecured Secured Unsecured Secured Unsecured S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 Lease liabilities 8,609 - 11,832 - 4,534 - 6,936 - (b) Amount repayable after one year Secured Unsecured Secured Unsecured Secured Unsecured Secured Unsecured S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 Lease liabilities 11,024 - 18,421 - 2,037 - 5,454 - (c) Details of any collateral Not applicable. As at 31 Dec 2025 As at 31 Dec 2024 As at 31 Dec 2025 As at 31 Dec 2024 As at 31 Dec 2025 As at 31 Dec 2024 As at 31 Dec 2025 As at 31 Dec 2024 Group Company Group Company Operating profit after tax before deducting non- controlling interests reported for second half year The Group Sales reported for first half year Operating profit after tax before deducting non- controlling interests reported for first half year Sales reported for second half year 2nd Half Full Year The majority of the revenue is recognised at a point in time, with revenue recognised over time contributing less than 10% of the total revenue. 2nd Half Full Year Portfolio A comprised Life Science, Genomics, Molecular Diagnostics and Related Materials Technology, Medical Devices and Equipment, Healthcare & Wellness Technology, Lifestyle Consumer Tech, Health Improvement Products and Others. Portfolio B comprised Instrumentation, Test & Measurement Technology, Networking & Communications, Security & Safety, Building Automation, Industrial IOT, Fintech & Advanced Payment Systems, Computing & Productivity Systems, Advanced Industrial Technology, Semiconductor Related Products, Printing & Imaging, Related Components Technology and Others. 9 of 13
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7. Share Capital and Treasury Shares No. of Ordinary Shares in Issue S$'000 As at 1 January 2025 290,583,277 820,009 No. of shares purchased and cancelled in 1H 2025 (1,462,100) (17,968) As at 30 June 2025 289,121,177 802,041 No. of shares purchased and cancelled in 2H 2025 (5,000) (72) As at 31 December 2025 289,116,177 801,969 No. of Treasury Shares S$'000 As at 1 January 2025 1,496,000 22,292 Treasury shares utilised in 1H 2025 (76,000) (1,133) As at 30 June 2025 and 31 December 2025 1,420,000 21,159 As at 31 December 2025 As at 31 December 2024 % of treasury shares against the total ordinary shares in issue 0.5% 0.5% No. of shares S$'000 Issued shares excluding treasury shares as at 1 January 2025 289,087,277 797,717 Issued shares excluding treasury shares as at 30 June 2025 287,701,177 780,882 Issued shares excluding treasury shares as at 31 December 2025 287,696,177 780,810 Venture Corporation Executives' Share Option Scheme ("The 2015 Scheme") Venture Corporation Executives' Share Option Scheme ("The 2025 Scheme") As at 31 December 2025, there were 616,100 unissued shares of the Company under options in the 2025 Scheme. Venture Corporation Restricted Share Plan ("RSP") 8. Net Asset Value 31 Dec 2025 31 Dec 2024 31 Dec 2025 31 Dec 2024 As at 31 December 2025, the total number of ordinary shares in issue was 289,116,177 (31 December 2024: 290,583,277), of which 1,420,000 were treasury shares (31 December 2024: 1,496,000). The Company purchased 5,000 ordinary shares during 2H 2025 (2H 2024: 1,026,200). The ordinary shares purchased by the Company may be held as treasury shares which can, in accordance with the Companies Act, be sold for cash, transferred for the purposes of or pursuant to an employee's share-based scheme; transferred as consideration for the acquisition of shares in or assets of another company or assets of a person; or cancelled. 5,000 (2H 2024: 894,200) ordinary shares purchased were cancelled. Except as disclosed below, there were no other sales, transfers, cancellation and/or use of treasury shares during the period. Group Company Net asset value per ordinary share based on the total number of issued shares excluding treasury shares at the end of the financial period/year (S$) The RSP has a 5-year vesting period and is subject to the rules of the RSP. As at 31 December 2025, the number of RSP shares stood at 557,900 (31 December 2024: 529,900). 9.71 10.00 5.54 5.64 Since the end of 30 June 2025, no options (2H 2024: Nil) were exercised and 73,500 options (2H 2024: 157,300) were cancelled. As at 31 December 2025, there were 1,784,800 (31 December 2024: 2,476,100) unissued shares of the Company under options in the 2015 Scheme. 640,000 new options were granted on 13 June 2025 and 623,600 of them were accepted under the 2025 Scheme. 7,500 options were cancelled for the year ended 31 December 2025. 10 of 13
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9. Dividend (a) Current Financial Period Reported On Interim (Paid) Special (Paid) Final (Proposed) Cash Cash Cash 25 cents per ordinary share 5 cents per ordinary share 50 cents per ordinary share* Exempt Exempt Exempt *subject to shareholder's approval at the forthcoming AGM (b) Corresponding Period of the Immediately Preceding Financial Year Interim Final Cash Cash 25 cents per ordinary share 50 cents per ordinary share Exempt Exempt (c) Date Payable 19 May 2026 (d) Books Closure Date 5pm on 6 May 2026 10. A breakdown of the annual dividend (in dollar value) for the issuer's latest full year and its previous full year Latest Full Year Previous Full Year (Proposed) (Paid) S$'000 S$'000 Final ordinary dividend for 2024 (Paid) - 143,840 Interim ordinary dividend (Paid) 71,925 72,495 Special dividend (Paid) 14,385 - Proposed final ordinary dividend for 2025* 143,848 - 230,158 216,335 In respect of the previous financial year ended 31 December 2024, the Company declared and paid an interim one-tier tax-exempt dividend of $0.25 per ordinary share totalling $72,495,000 and a final one-tier tax-exempt dividend of $0.50 per ordinary share totalling $143,840,000. Name of Dividend Dividend Type Dividend Amount per Share (in cents) Tax Rate Name of Dividend Dividend Type Dividend Amount per Share (in cents) Tax Rate *Based on 287,696,177 issued shares excluding treasury shares as at 31 December 2025. During the financial year, the Company declared and paid an interim one-tier tax-exempt dividend of $0.25 per ordinary share totalling $71,925,000 and a special one-tier tax-exempt dividend of $0.05 per ordinary share totalling $14,385,000 in respect of the financial year ended 31 December 2025. In addition, the Directors of the Company propose that a final one-tier tax-exempt dividend of $0.50 per ordinary share be paid to all shareholders in respect of the financial year ended 31 December 2025. Subject to the approval by the shareholders at the forthcoming Annual General Meeting, this proposed dividend has not been included as a liability in these financial statements. The total estimated dividend to be paid is $143,848,000. 11 of 13
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OTHER INFORMATION 1.Subsidiary Holdings There were no holdings in Venture Corporation Limited by any subsidiary as at the end of the current financial period reported on. 2. 3. Not applicable. A review of the performance of the group, to the extent necessary for a reasonable understanding of the group's business. It must include a discussion of the following:- (a) any significant factors that affected the turnover, costs, and earnings of the group for the current financial period reported on, including (where applicable) seasonal or cyclical factors; and (b) any material factors that affected the cash flow, working capital, assets or liabilities of the group during the current financial period reported on. Whereaforecast,oraprospectstatement,hasbeenpreviouslydisclosedtoshareholders,anyvariancebetweenitand the actual results. PERFORMANCE REVIEW For the financial year ended 31 December 2025 (FY2025), the Group registered revenue of S$2,534.5 million (FY2024: S$2,735.9 million), a decline of 7.4% year-on-year. For the six months ended 31 December 2025 (2H 2025), the Group registered revenue of S$1,272.7 million (2H 2024: S$1,351.7 million), a decline of 5.8% year-on-year. The decline were mainly attributable to the Lifestyle Consumer technology domain from lower product replacement as a result of improved product reliability. The Group recorded a stronger quarter ended 31 December 2025 (“4Q 2025”) compared to the quarter ended 30 September 2025 (“3Q 2025”). Revenue rose 2.9% quarter-on-quarter to S$645.4 million, mainly attributable to growth from the Test & Measurement Instrumentation and Networking & Communications domains. The Group recorded profit before tax (PBT) of S$284.4 million for FY2025 (FY2024: S$306.6 million) and S$143.1 million for 2H 2025 (2H 2024: S$152.1 million). PBT margins remained resilient at 11.2% for FY2025 and 2H 2025 (FY2024: 11.2%, 2H 2024: 11.3%) from continued focus on high value-add solutions and improved operational efficiency. The Group registered net profit (profit attributable to owners of the Company) of S$227.0 million for FY2025 (FY2024: S$245.0 million) and S$114.0 million for 2H 2025 (2H 2024: S$121.4 million). This translated to a healthy net margin of 9.0% for FY2025 and 2H 2025 (9.0% for FY2024 and 2H 2024). Diluted earnings per share was 78.7 cents for FY2025 (FY2024: 84.4 cents) and 39.5 cents for 2H 2025 (2H 2024: 41.8 cents). FINANCIAL POSITION AND CASHFLOW The Group generated operating cash flow of S$279.0 million before working capital changes for FY2025. Working capital position improved due to proactive efforts to optimise net receivables and payables position, offset by higher inventory maintained for supply chain assurance. For FY2025, the Group achieved strong net cash flow after income tax paid from operations of S$251.5 million. As at 31 December 2025, the Group balance sheet remained robust with zero debt. Group net cash balance as at 31 December 2025 was S$1,283.6 million even after the payment of the interim and special dividends on 12 September 2025, as well as share buybacks during the year. As at 31 December 2025, equity attributable to owners of the Company was S$2,792.7 million (S$2,889.8 million as at 31 December 2024) and net asset value per share was S$9.71. 12 of 13
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4. 5. The Group has not sought a general mandate from shareholders for Interested Person Transactions. 6. 7. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. Pursuant to Rule 704(13) of the Listing Manual, Venture Corporation Limited confirms that there are no persons occupying a managerial position in the Company or in any of its principal subsidiaries who is a relative of a director, chief executive officer or substantial shareholder of the Company. In 4Q 2025, Venture captured opportunities across our diverse technology domains. Heading into 2026, Venture is executing on several pathways to accelerate our growth momentum and we are seeing positive traction with our customers: • In the Networking & Communications, Test & Measurement Instrumentation and Semiconductor Related Equipment technology domains, demand is underpinned by strong growth in hyperscale data-centers. • In the Lifestyle Consumer domain, Venture is deepening our collaboration with a key customer through co-developing next generation products and technologies. • In the Life Science domain, we continue to strengthen our role as a trusted partner for technology development, high-value design and advanced manufacturing with several leading life science companies. • Amid a challenging geopolitical environment, customers increasingly rely on their trust and confidence in Venture’s strong support. For long-term sustainable growth, Venture continues to strengthen our technologies and capabilities in strategic areas, and is forging more partnerships to drive greater impact going forward. IftheGrouphasobtainedageneralmandatefromshareholdersforIPTs,theaggregatevalueofsuchtransactionsas required under Rule 920(1)(a)(ii). If no IPT mandate has been obtained, a statement to that effect. Please disclose a confirmation that the issuer has procured undertakings from all its directors and executive officers under Rule 720(1). The Group has procured undertaking from all its directors and executive officers in the format as set out in Appendix 7.7 under Rule 720(1) of the Listing Manual of the SGX-ST. Disclosure of persons occupying managerial positions who are related to a director, CEO or substantial shareholder 13 of 13