Frencken’s full-year net profit was “slightly above” Tng’s estimates while its revenue stood 4% above his forecasts.
CGS International analyst William Tng has downgraded Frencken Group to “hold” from “add” even though the group’s FY2025 results stood ahead of expectations.
For the 12 months ended Dec 31, 2025, Frencken reported earnings of $39.1 million, 5.4% higher y-o-y. Revenue rose by 8.9% y-o-y to $865.1 million, mainly due to the group’s semiconductor segment which made up about 49% of total FY2025 revenue. The segment was up by 16.8% y-o-y to $426.6 million due to stronger demand from its customers in Asia.
