Venture Corporation Limited

Name: Venture Corporation Limited financial statements and ratios
Creator: Annalist

V03 · SGX · Technology, electronics manufacturing services · Singapore · IFRS · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025, its statements approved by the board on 18 March 2026. Snapshot FY2025_cb0bc85f.

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Overview

Revenue, fiscal year

−7.4% year on year

Profit before tax, fiscal year

−7.2% year on year

Net income, fiscal year

−7.4% year on year

Diluted EPS, fiscal year

n/a

Pre-tax margin, fiscal year

+0.0pp year on year

Return on equity, fiscal year

−0.6pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

Revenue for the fiscal year ended 31 December 2025 was S$2.5 billion, 7.4% lower than in the previous fiscal year.
Weakenedin FY2025 · stated since FY2023−7.4% from −9.6% in FY2024
Rule: Revenue against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedRevenue for the fiscal year ended 31 December 2025 was S$2.5 billion, 7.4% lower than in the previous fiscal year.Recorded from FY2025_cb0bc85f · data update
2. FY2024 WeakenedRevenue for the fiscal year ended 31 December 2024 was S$2.7 billion, 9.6% lower than in the previous fiscal year.Reconstructed · data update
3. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was S$3.0 billion, 21.7% lower than in the previous fiscal year.Reconstructed · initial
Net income attributable to the company for fiscal 2025 was S$227 million, 7.4% lower than in the previous fiscal year.
Weakenedin FY2025 · stated since FY2023−7.4% from −9.3% in FY2024
Rule: Net income against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedNet income attributable to the company for fiscal 2025 was S$227 million, 7.4% lower than in the previous fiscal year.Recorded from FY2025_cb0bc85f · data update
2. FY2024 WeakenedNet income attributable to the company for fiscal 2024 was S$245 million, 9.3% lower than in the previous fiscal year.Reconstructed · data update
3. FY2023 NewNet income attributable to the company for fiscal 2023 was S$270 million, 26.9% lower than in the previous fiscal year.Reconstructed · initial
Return on equity for fiscal 2025 was 8.0%, against 8.6% a year earlier.
Confirmedin FY2025 · stated since FY2023
Rule: Return on equity against a year earlier · Sources Annual report 2025-12, Annual report 2024-12
History of this finding, 3 records
1. FY2025 ConfirmedReturn on equity for fiscal 2025 was 8.0%, against 8.6% a year earlier.Recorded from FY2025_cb0bc85f · data update
2. FY2024 WeakenedReturn on equity for fiscal 2024 was 8.6%, against 9.5% a year earlier.Reconstructed · data update
3. FY2023 NewReturn on equity for fiscal 2023 was 9.5%, against 13.3% a year earlier.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Findings No Longer Stated

Rules whose findings applied in earlier fiscal years but not in the latest one.

Free cash flow · retired in FY2024
1. FY2024 RetiredThe rule did not apply to the figures as at FY2024.Reconstructed · data update
2. FY2023 NewFree cash flow for fiscal 2023 was S$474 million, and operating cash flow was 1.9 times net income attributable to the company.Reconstructed · initial

Data

Source documents5 documents, latest Annual report for the year to 31 December 2025List

DownloadsExcel workbook · JSON

SnapshotFY2025_cb0bc85f

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, Singapore dollars

Profit Before Tax

By fiscal year, Singapore dollars

Profit Attributable to Owners of the Parent

By fiscal year, Singapore dollars

Margins

By fiscal year, per cent

Returns

By fiscal year, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by fiscal year, Singapore dollars

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

FY2025

Annual report for the year to 31 December 2025. Changes are against the previous report, and each figure shows its period.

0changes0thresholds crossed

Changes in This Report 0

No finding changed its state in the latest report.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years, with balances at each fiscal year end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

These ratios have no value for the figures of this company.

Method

Total debt is borrowings and lease liabilities, current and non-current, before the deduction of cash. Under IFRS 16 every lease is on the balance sheet, depreciation includes that of right-of-use assets and finance costs include the interest on lease liabilities, so no lease cost or lease interest is added.
Adjusted EBITDA adds share-based payments, and the impairment that the company reports with depreciation and amortisation, to EBIT and depreciation and amortisation. FFO deducts cash interest and cash taxes.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesCash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

These ratios have no value for the figures of this company.

Method

Debt due within 12 months is current borrowings and current lease liabilities.
Capital expenditure and dividends of the fiscal year are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −0.7% · FY2025

Accruals and the cash backing of reported earnings.

Operating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 0.7% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Weakenedin FY2025 · stated since FY2023−0.7% from −6.5% in FY2024
Rule: Cash backing of earnings · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedOperating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 0.7% of average total assets.Recorded from FY2025_cb0bc85f · data update
2. FY2024 ConfirmedOperating cash flow for fiscal 2024 exceeded net income attributable to the company by an amount equal to 6.5% of average total assets.Reconstructed · data update
3. FY2023 NewOperating cash flow for fiscal 2023 exceeded net income attributable to the company by an amount equal to 6.9% of average total assets.Reconstructed · initial

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company				n/a	n/a

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresPublished distress and misstatement models, with their original coefficients and thresholds.

Published distress and misstatement models, with their original coefficients and thresholds.

These ratios have no value for the figures of this company.

Source Documents

Documents of this snapshot, latest first. A report that states no date of publication carries the date on which its board approved the statements.

Document	Date	Id	SHA-256
Annual report for the year to 31 December 2025	18 Mar 2026, the date on which the board approved the statements	AR:venture-2025-12-31	eaebb6f4192c
Annual report for the year to 31 December 2024	18 Mar 2025, the date on which the board approved the statements	AR:venture-2024-12-31	8fd8608e0f9a
Annual report for the year to 31 December 2023	22 Mar 2024, the date on which the board approved the statements	AR:venture-2023-12-31	861d8b35f20e
Annual report for the year to 31 December 2022	20 Mar 2023, the date on which the board approved the statements	AR:venture-2022-12-31	55a45be2e812
Annual report for the year to 31 December 2021	18 Mar 2022, the date on which the board approved the statements	AR:venture-2021-12-31	d66802a99730

Checks

350350 checks, all passed

Statement arithmetic208 passedIn every annual report used, the lines of each statement add up to the totals printed under them, profit before tax less income tax gives the profit, the balance sheet balances, and the cash at the end of each year is the cash at its start with its change. A report that fails one is not used. Checked at error level.

Fiscal calendar11 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.

Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.

Balance sheet identity6 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Agreement between annual reports123 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	190
Confirmed by other figures	70.0%, 133 values
Confirmed by a second document	64.7%, 123 values
Derived from reported figures	3.2%, 6 values
Values withheld	0
Restated figures tracked	1
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Venture Corporation Limited, snapshot venture/FY2025_cb0bc85f (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_cb0bc85f · dataset SHA-256 cb0bc85f53eff0402279510280e9abca494aa3c00423f08ee44722e8e0d53647 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json