Interim report
Page 1
VENTURE Condensed Consolidated Statement of Profit Or Loss and Other Comprehensive Income Period ended 30 June 2026 Revenue ( Note A ) Other income ( Note B ) Changes in finished goods , work in progress and raw materials used Group Notes to 6 months ended % Financial Statements 30 Jun 2026 30 Jun 2025 increase / S $ ' 000 S $ ' 000 ( decrease ) 5 1,354,679 1,261,862 7.4 692 1,831 ( 62.2 ) ( 978,046 ) ( 917,988 ) 6.5 Employee benefits expense ( Note C ) ( 165,318 ) ( 154,698 ) 6.9 Depreciation and amortisation expense ( Note D ) ( 17,720 ) ( 16,765 ) 5.7 Research and development expense ( Note E ) ( 13,091 ) ( 8,347 ) 56.8 Foreign currency exchange gain Other operating expenses ( Note F ) Investment revenue ( Note G ) Finance costs ( Note H ) Share of profit of associate Profit before tax Income tax expense 71 38 86.8 ( 44,565 ) ( 45,283 ) ( 1.6 ) 13,209 20,916 ( 36.8 ) ( 345 ) ( 543 ) ( 36.5 ) 267 241 10.8 149,833 141,264 6.1 ( 30,258 ) ( 27,957 ) 8.2 3 119,575 113,307 5.5 Profit for the period 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 ) 1,705 1,422 19.9 Other comprehensive income : - Items may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations 6,793 ( 104,267 ) n.m. Total comprehensive income for the period 128,073 10,462 1,124.2 Profit attributable to : Owners of the Company Non - controlling interests 119,300 275 119,575 112,985 322 113,307 5.6 ( 14.6 ) 5.5 Total comprehensive income attributable to : Owners of the Company Non - controlling interests 127,603 470 128,073 10,405 57 10,462 1,126.4 724.6 1,124.2 Cents Cents Basic earnings per share Fully diluted earnings per share 41.5 39.2 41.4 39.2 1 of 14
Page 2
Note H Finance costs for 1H 2026 decreased year-on-year in line with decrease in lease liabilities balance compared to the same period in the prior year. Note A Group revenue for 1H 2026 increased year-on-year, driven by growth in the Test & Measurement Instrumentation, Networking & Communication and Semiconductor Related Equipment technology domains across multiple end markets, including those supporting AI-related infrastructure. This was partially offset by decline in the Lifestyle Consumer technology domain. Note B Other income for 1H 2026 was lower year-on-year due to lower government grants received in the current year. Note C Employee benefits expense for 1H 2026 increased year-on-year in tandem with higher business levels driven by subcontract labour and staff overtime to meet customer requirements, and unfavourable currency impact from Ringgit strengthening from Malaysian operations. The Group continues to maintain tight control over headcount through disciplined hiring, resulting in better managed costs notwithstanding the higher level of activities. Note E Research and development (R&D) expenses (which comprised prototyping, tooling, non-recurring engineering (NRE), materials and related services) for 1H 2026 were higher driven by customers requirements. R&D manpower costs are separately recorded under Employee benefits expense. Note G Investment revenue for 1H 2026 decreased year-on-year reflecting the lower market interest rates environment compared to last year. Interest rates for the Group's cash deposits moderated down and average cash balance was also lower for the period. Notwithstanding the interest headwinds, the Group remains focused on optimising returns through disciplined cash management and proactive deployment of its cash resources amid evolving market conditions. Note D Depreciation expense for 1H 2026 increased year-on-year, primarily driven by investments in machinery and equipment upgrades to improve operational capabilities and support capacity expansion. Note F Other operating expense for 1H 2026 decreased year-on-year from proactive cost management, mainly attributable to lower utility rates from fixed price contracts executed by some of the Group's subsidiaries and lower outbound freight costs from reduced air shipments. 2 of 14
Page 3
Condensed Statement Of Financial Position As at 30 June 2026 30 Jun 2026 31 Dec 2025 30 Jun 2026 31 Dec 2025 S$'000 S$'000 S$'000 S$'000 ASSETS Current assets: Cash and cash equivalents 1,108,484 1,283,570 189,751 283,081 Short term investments 4 37,482 - 37,482 - Trade receivables 651,624 608,783 11,068 9,110 Other receivables and prepayments 46,716 39,793 2,377 2,146 Contract assets 15,893 13,701 3,646 2,878 Inventories 897,046 695,841 58,719 52,864 Trade receivables due from subsidiaries - - 93,684 87,228 Other receivables due from subsidiaries - - 673 630 Total current assets 2,757,245 2,641,688 397,400 437,937 Non-current assets: Investments in subsidiaries - - 1,229,819 1,229,819 Investment in associate 1,171 1,054 - - 4 46,894 45,224 19,668 16,591 Property, plant and equipment 246,477 244,187 30,733 31,658 Right-of-use assets 14,506 17,690 1,807 5,335 Intangible assets 3,167 3,090 100 124 Goodwill 639,708 639,708 - - Deferred tax assets 9,021 9,578 560 560 Total non-current assets 960,944 960,531 1,282,687 1,284,087 Total assets 3,718,189 3,602,219 1,680,087 1,722,024 LIABILITIES AND EQUITY Current liabilities: Trade payables 616,055 473,802 49,198 45,241 Other payables and accrued expenses 161,837 171,012 22,741 26,350 Contract liabilities 93,489 92,061 4,640 4,040 Lease liabilities 6 4,960 8,609 1,117 4,534 Trade payables due to subsidiaries - - 15,232 20,965 Other payables due to subsidiaries - - 17,430 17,445 Income tax payable 51,562 46,074 8,620 8,352 Total current liabilities 927,903 791,558 118,978 126,927 Non-current liabilities: Deferred tax liabilities 1,905 1,804 - - Lease liabilities 6 11,288 11,024 1,803 2,037 Total non-current liabilities 13,193 12,828 1,803 2,037 Capital and reserves: Share capital 7 796,129 801,969 796,129 801,969 Treasury shares 7 (19,967) (21,159) (19,967) (21,159) Share-based awards reserve 5,321 5,879 5,321 5,879 Investments revaluation reserve 11,210 9,505 13,886 10,809 Foreign exchange translation reserve (171,731) (178,329) - - Other reserves 4,769 3,622 (7,594) (7,726) Accumulated profits 2,145,800 2,171,254 771,531 803,288 Equity attributable to owners of the Company 2,771,531 2,792,741 1,559,306 1,593,060 Non-controlling interests 5,562 5,092 - - Total equity 2,777,093 2,797,833 1,559,306 1,593,060 Total liabilities and equity 3,718,189 3,602,219 1,680,087 1,722,024 Group Company Other financial assets Notes to Financial Statements 3 of 14
Page 4
Condensed Consolidated Statement of Cash Flow Period ended 30 June 2026 30 Jun 202630 Jun 2025 S$'000 S$'000 Operating activities: Profit before income tax 149,833 141,264 Adjustments for: Share of profit of associate (267) (241) Allowance for inventory provisions 50 601 Depreciation of property, plant and equipment 11,313 10,585 Depreciation of right-of-use assets 6,067 5,960 Amortisation of intangible assets 340 220 Net re-measurement of loss allowance (125) 7 Interest income (13,209) (20,916) Dividend income (1,204) (1,168) Interest expense 345 543 Share-based payments expense 809 981 Fair value adjustment on derivative instrument 60 (872) Loss on disposal of plant and equipment, net - 112 Operating profit before working capital changes 154,012 137,076 Trade receivables (42,002) 11,162 Other receivables, prepayments and contract assets (11,342) (4,168) Inventories (194,025) 666 Trade payables 139,026 57,297 Other payables, accrued expenses and contract liabilities (8,271) (21,536) Cash generated from operating activities 37,398 180,497 Interest paid (345) (543) Income tax paid (24,142) (30,189) Net cash generated from operating activities 12,911 149,765 Investing activities: Interest received 15,604 19,796 Dividend received from associate 150 165 Dividend received from other equity investments 1,204 1,168 Purchase of property, plant and equipment (13,421) (11,932) Proceeds on disposal of plant and equipment 9 16 Addition of intangible assets (417) (171) Purchase of short term investments (37,482) - Net cash (used in) generated from investing activities (34,353) 9,042 Financing activities: Dividends paid (143,760) (143,840) Proceeds from issue of shares 192 - Payments for shares purchased and cancelled (5,507) (17,968) Repayments of lease liabilities (Note I) (6,139) (5,686) Net cash used in financing activities (155,214) (167,494) Net decrease in cash and cash equivalents (176,656) (8,687) Cash and cash equivalents at beginning of period 1,283,570 1,316,706 Effect of foreign exchange rate changes on the balance of cash held in foreign currencies 1,570 (52,730) Cash and cash equivalents at end of period 1,108,484 1,255,289 Cash and cash equivalents comprises: Cash 156,910 142,003 Fixed deposits and other cash equivalents 951,574 1,113,286 Cash and cash equivalents on the condensed consolidated cash flow statement1,108,484 1,255,289 Net lease liabilities additions S$'000 S$'000 S$'000 S$'000 Lease Liabilities 19,633 (6,139) 2,836 (82) 16,248 6 months ended Foreign exchange movement S$'000 Note I: Reconciliation of liabilities arising from financing activities between cash and non-cash changes 30 Jun 202631 Dec 2025 Financing Cash Flows Non-cash changes 4 of 14
Page 5
Condensed Statement Of Changes In Equity For The Period Ended 30 June 2025 Share- Foreign Equity Notes based Investmentsexchange attributable Non- to Share Treasuryawards revaluationtranslationOther Accumulatedto owners of controlling Total Financial capital shares reserve reserve reserve reserves profits the Companyinterests equity StatementsS$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 The Group Balance at 1 January 2025 820,009 (22,292) 5,507 4,545 (95,805) 2,648 2,175,201 2,889,813 4,511 2,894,324 Total comprehensive income for the period Profit for the period - - - - - - 112,985 112,985 322 113,307 - - - - - - - - - Other comprehensive income for the period - - - 1,422 (104,002) - - (102,580) (265) (102,845) Total - - - 1,422 (104,002) - 112,985 10,405 57 10,462 Transactions with owners, recognised directly in equity Appropriation to reserve fund - - - - - 1,149 (1,149) - - - Treasury shares reissued pursuant to equity compensation plans 7 - 1,133 (958) - - (175) - - - - Final tax exempt dividend paid in respect of the previous financial year 8 - - - - - - (143,840) (143,840) - (143,840) RSP / Share options lapsed 7 - - (343) - - - 343 - - - Recognition of share-based payments 7 - - 981 - - - - 981 - 981 Shares purchased and cancelled 7 (17,968) - - - - - - (17,968) - (17,968) Total (17,968) 1,133 (320) - - 974 (144,646) (160,827) - (160,827) Balance at 30 June 2025 802,041 (21,159) 5,187 5,967 (199,807) 3,622 2,143,540 2,739,391 4,568 2,743,959 Condensed Statement Of Changes In Equity For The Period Ended 30 June 2026 Share- Foreign Equity Notes based Investmentsexchange attributable Non- to Share Treasuryawards revaluationtranslationOther Accumulatedto owners of controlling Total Financial capital shares reserve reserve reserve reserves profits the Companyinterests equity StatementsS$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 The Group Balance at 1 January 2026 801,969 (21,159) 5,879 9,505 (178,329) 3,622 2,171,254 2,792,741 5,092 2,797,833 Total comprehensive income for the period Profit for the period - - - - - - 119,300 119,300 275 119,575 Other comprehensive income for the period - - - 1,705 6,598 - - 8,303 195 8,498 Total - - - 1,705 6,598 - 119,300 127,603 470 128,073 Transactions with owners, recognised directly in equity Issue of shares 7 214 - (22) - - - - 192 - 192 Appropriation to reserve fund - - - - - 1,015 (1,015) - - - Treasury shares reissued pursuant to equity compensation plans 7 - 1,192 (1,324) - - 132 - - - - Final tax exempt dividend paid in respect of the previous financial year 8 - - - - - - (143,760) (143,760) - (143,760) RSP / Share options lapsed 7 - - (21) - - - 21 - - - Recognition of share-based payments 7 - - 809 - - - - 809 - 809 Shares purchased and cancelled 7 (6,054) - - - - - - (6,054) - (6,054) Total (5,840) 1,192 (558) - - 1,147 (144,754) (148,813) - (148,813) Balance at 30 June 2026 796,129 (19,967) 5,321 11,210 (171,731) 4,769 2,145,800 2,771,531 5,562 2,777,093 5 of 14
Page 6
Condensed Statement Of Changes In Equity For The Period Ended 30 June 2025 Share- Notes based Investments to Share Treasury awards revaluation Other AccumulatedTotal Financial capital shares reserve reserve reserves profits equity StatementsS$'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 - - - - - 41,963 41,963 Other comprehensive income for the period - - - 816 - - 816 Total - - - 816 - 41,963 42,779 Transactions with owners, recognised directly in equity 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 8 - - - - - (143,840) (143,840) RSP / Share options lapsed 7 - - (343) - - 343 - Recognition of share-based payments 7 - - 981 - - - 981 Shares purchased and cancelled 7 (17,968) - - - - - (17,968) Total (17,968) 1,133 (320) - (175) (143,497) (160,827) Balance at 30 June 2025 802,041 (21,159) 5,187 7,743 (7,726) 726,944 1,513,030 Condensed Statement Of Changes In Equity For The Period Ended 30 June 2026 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$'000 The Company Balance at 1 January 2026 801,969 (21,159) 5,879 10,809 (7,726) 803,288 1,593,060 Total comprehensive income for the period Profit for the period - - - - - 111,982 111,982 Other comprehensive income for the period - - - 3,077 - - 3,077 Total - - - 3,077 - 111,982 115,059 Transactions with owners, recognised directly in equity Issue of shares 7 214 - (22) - - - 192 Treasury shares reissued pursuant to equity compensation plans 7 - 1,192 (1,324) - 132 - - Final tax exempt dividend paid in respect of the previous financial year 8 - - - - - (143,760) (143,760) RSP / Share options lapsed 7 - - (21) - - 21 - Recognition of share-based payments 7 - - 809 - - - 809 Shares purchased and cancelled 7 (6,054) - - - - - (6,054) Total (5,840) 1,192 (558) - 132 (143,739) (148,813) Balance at 30 June 2026 796,129 (19,967) 5,321 13,886 (7,594) 771,531 1,559,306 6 of 14
Page 7
SELECTED NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Corporate Information 2. Basis of Preparation 2.1 Use of Judgements and Estimates 3. Profit after Income Tax The profit after income tax includes the following credits (charges): 30 Jun 2026 30 Jun 2025 S$'000 S$'000 Underprovision of tax in respect of prior years (72) (42) Net re-measurement of loss allowance 125 (7) Loss on disposal of property, plant and equipment, net - (112) Allowance for inventory provisions (50) (601) 6 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 ended 30 June 2026 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 ended 30 June 2026 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 annual financial statements for the period ended 31 December 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 2025. The principal activities of the Group can be found in Note 11 to annual financial statements for the year ended 31 December 2025. The condensed financial statements are presented in Singapore dollar which is the Company’s functional currency. The condensed financial statements for the six months period ended 30 June 2026 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 2025. Details can be found in Note 3 to annual financial statements for the year ended 31 December 2025. 7 of 14
Page 8
4.1 Short term investments Set out below is an overview of the Group's short term investments: 30 Jun 202631 Dec 202530 Jun 202631 Dec 2025 S$'000 S$'000 S$'000 S$'000 Non-equity investments 37,482 - 37,482 - 4.2 Financial Assets measured at Fair Value Fair value of financial assets and financial liabilities 30 Jun 202630 Jun 202631 Dec 202531 Dec 2025 Assets Liabilities Assets Liabilities S$'000 S$'000 S$'000 S$'000 Derivative Financial Instruments The Group and the Company Foreign exchange forward contract - 57 3 - Level 2 Other Financial Assets The Group Quoted equity shares 44,606 - 41,972 - Level 1 Unquoted equity shares / debt instrument 2,288 - 3,252 - Level 2 The Company Quoted equity shares 19,668 - 16,591 - Level 1 The Group’s non-equity investments comprise treasury bills issued by the Singapore Government, held to enhance returns while safeguarding capital and maintaining liquidity. Net tangible asset of the underlying investment / most recent transacted prices which approximate fair value Quoted bid prices in an active market Group Company 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 cash equivalents, short term investments, 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 8 of 14
Page 9
5. Segment and Revenue Information a) By Reportable Segments b) Revenue By Technology Domains 1H 2026 1H 2025 S$'000 S$'000 Portfolio A 438,853 489,867 Portfolio B 915,826 771,995 1,354,679 1,261,862 c) Revenue By Geographical Locations The Group operates in the following principal geographical areas: 1H 2026 1H 2025 S$'000 S$'000 Singapore 384,670 344,325 Asia-Pacific (excluding Singapore) 924,203 866,192 Others 45,806 51,345 1,354,679 1,261,862 6. Aggregate Amount of Group's Borrowings and Debt Securities (a) Amount repayable in one year or less, or on demand Secured Unsecured Secured Unsecured Secured Unsecured Secured Unsecured S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 Lease liabilities 4,960 - 8,609 - 1,117 - 4,534 - (b) Amount repayable after one year Secured Unsecured Secured Unsecured Secured Unsecured Secured Unsecured S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 Lease liabilities 11,288 - 11,024 - 1,803 - 2,037 - (c) Details of any collateral Not applicable. Portfolio A comprised Life Science, Genomics, Molecular Diagnostics and Related Materials Technology, Medical Devices and Equipment, Healthcare & Wellness Technology, Lifestyle Consumer Tech, Health Improvement Products and Others. Portfolio B comprised Instrumentation, Test & Measurement Technology, Networking & Communications, Security & Safety, Building Automation, Industrial IOT, Fintech & Advanced Payment Systems, Computing & Productivity Systems, Advanced Industrial Technology, Semiconductor Related Products, Printing & Imaging, Related Components Technology and Others. The majority of the revenue is recognised at a point in time, with revenue recognised over time contributing less than 10% of the total revenue. In accordance with disclosures under SFRS (I) 8 Operating Segments, the Group’s report on its operating segments are based on information shared internally with the Group’s chief operating decision makers. The Group is predominantly a provider of manufacturing, engineering, design and fulfilment services to the global electronics industry and the nature of the production process and distribution modes of the products for Venture’s wide range of customers are fairly similar within Electronic Manufacturing Services (EMS++). The measurement of operating segment results is generally consistent with the presentation of the Group’s condensed interim Statement of Comprehensive Income. Disclosures by geographical locations and technology domains accurately reflect the nature and scope of the Group’s current undertakings and provide a clear picture of its diverse global businesses to readers. Group Company As at 30 Jun 2026 As at 31 Dec 2025 As at 30 Jun 2026 As at 31 Dec 2025 Group Company As at 30 Jun 2026 As at 31 Dec 2025 As at 30 Jun 2026 As at 31 Dec 2025 9 of 14
Page 10
7. Share Capital and Treasury Shares No. of Ordinary Shares in Issue S$'000 As at 1 January 2026 289,116,177 801,969 No. of shares purchased and cancelled in 1H 2026 (375,500) (6,054) Add: No. of share options exercised in 1H 2026 10,900 214 As at 30 June 2026 288,751,577 796,129 No. of Treasury Shares S$'000 As at 1 January 2026 1,420,000 21,159 Treasury shares utilised in 1H 2026 (80,000) (1,192) As at 30 June 2026 1,340,000 19,967 As at 30 Jun 2026 As at 30 Jun 2025 % of treasury shares against the total ordinary shares in issue 0.5% 0.5% No. of shares S$'000 Issued shares excluding treasury shares as at 1 January 2026 287,696,177 780,810 Issued shares excluding treasury shares as at 30 June 2026 287,411,577 776,162 Venture Corporation Executives' Share Option Scheme ("The 2015 Scheme") Venture Corporation Executives' Share Option Scheme ("The 2025 Scheme") Venture Corporation Restricted Share Plan ("RSP") The RSP has a 5-year vesting period and is subject to the rules of the RSP. As at 30 June 2026, the number of RSP shares stood at 605,700 (30 June 2025: 436,900). As at 30 June 2026, there were 999,400 (30 June 2025: 623,600) unissued shares of the Company under options in the 2025 Scheme. As at 30 June 2026, the total number of ordinary shares in issue was 288,751,577 (30 June 2025: 289,121,177), of which 1,340,000 were treasury shares (30 June 2025: 1,420,000). The Company purchased 375,500 ordinary shares during 1H 2026 (1H 2025: 1,462,100). 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. 375,500 (1H 2025: 1,462,100) 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. Since the end of 31 December 2025, 10,900 (1H 2025: Nil) were exercised and 50,100 options (1H 2025: 617,800) were cancelled. As at 30 June 2026, there were 1,723,800 (30 Jun 2025: 1,858,300) unissued shares of the Company under options in the 2015 Scheme. 396,500 new options were granted on June 11, 2026 and 395,000 of them were accepted under "The 2025 Scheme". Since the end of 31 December 2025, 11,700 options (30 June 2025: N/A) were cancelled. 10 of 14
Page 11
8. Dividend (a) Current Financial Period Reported On Interim dividend Cash 30 cents One-tier tax exempt dividend 5pm on 1 September 2026 11 September 2026 (b) Corresponding Period of the Immediately Preceding Financial Year Interim dividend 9. Net Asset Value 30 Jun 202631 Dec 202530 Jun 202631 Dec 2025 Dividend Amount per Ordinary Share (in cents) 25 cents 5 cents Name of Dividend Dividend Type Dividend Amount per Ordinary Share (in cents) Tax Rate Books Closure Date Dividend Payment Date Name of Dividend Special dividend Dividend Type Cash Cash 5.54 Tax Rate One-tier tax exempt dividend 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$) 9.64 9.71 5.43 Group Company 11 of 14
Page 12
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 six months ended 30 June 2026 (1H 2026), the Group registered revenue of S$1,354.7 million (1H 2025: S$1,261.9 million), an increase of 7.4% year-on-year. Revenue growth for 1H 2026 was driven by improved performance for the quarter ended 30 June 2026 (2Q 2026), which recorded year-on-year increase of 12.5%. This was largely driven by growth in the Test & Measurement Instrumentation, Networking & Communication and Semiconductor Related Equipment technology domains across multiple end markets, including those supporting AI-related infrastructure, partially offset by decline in the Lifestyle Consumer technology domain. The Group recorded profit before tax (PBT) of S$149.8 million for 1H 2026 (1H 2025: S$141.3 million), an increase of 6.1% year- on-year. PBT margins remained largely stable at 11.1% for 1H 2026 (1H 2025: 11.2%). In line with PBT, income tax expense increased to S$30.3 million for 1H 2026 (1H 2025: S$28.0 million) on the back of higher taxable profits of the Group’s subsidiaries. Net profit attributable to owners of the Company was S$119.3 million for 1H 2026 (1H 2025: S$113.0 million), representing a net profit margin of 8.8% (1H 2025: 9.0%). Diluted earnings per share was 41.4 cents for 1H 2026 (1H 2025: 39.2 cents). Financial Position and Cashflow The Group generated operating profit before working capital changes of S$154.0 million for 1H 2026. The working capital movement reflected higher inventories to support business growth and strengthen supply chain resilience, partially offset by improved net receivables and payables position. Consequently, net cash generated from operating activities stood at S$12.9 million for 1H 2026. As at 30 June 2026, the Group maintained a strong balance sheet with zero debt. The Group’s net cash stood at S$1,108.5 million as at 30 June 2026. During the period, the Group executed the payment of FY2025 final dividend totaling S$143.8 million on 19 May 2026 and share buybacks. As at 30 June 2026, equity attributable to owners of the Company was S$2,771.5 million and net asset value per share was S$9.64. 12 of 14
Page 13
4. 5. The Group has not sought a general mandate from shareholders for Interested Person Transactions. 6. 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. Venture delivered encouraging growth in the first half of 2026. The new shoots that sprouted in the early part of the year have taken root and are beginning to gain strength, reflecting improved momentum across multiple technology domains. Based on customers’ feedback, demand continues to strengthen in our Networking & Communications, Test & Measurement Instrumentation and Semiconductor Related Equipment technology domains. Venture continues to invest in new opportunities across multiple technology domains and build strategic partnerships with customers on technology development to drive long-term growth. 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). TheGrouphasprocuredundertakingfromallitsdirectorsandexecutiveofficersintheformatassetoutinAppendix7.7under Rule 720(1) of the Listing Manual of the SGX-ST. 13 of 14
Page 14
On behalf of the Directors (signed) (signed) Wong Ngit Liong Tan Seok Hoong @ Mrs Audrey Liow Director Director 6 August 2026 VENTURE CORPORATION LIMITED Company Registration Number 198402886H CONFIRMATION BY THE BOARD PURSUANT TO RULE 705(5) OF THE LISTING MANUAL On behalf of the Board of Directors of the Company, we, the undersigned, hereby confirm to the best of our knowledge that nothing has come to the attention of the Board of Directors of the Company which may render the condensed financial statements for the half year ended 30 June 2026 to be false or misleading in any material aspect. 14 of 14