KUALA LUMPUR (April 24): ViTrox Corp Bhd (KL:VITROX) said on Thursday that its net profit jumped 40.2% in the first quarter from a year earlier, driven by stronger sales and a more favourable product mix.

Net profit for the three months ended March 31, 2025 (1QFY2025) rose to RM24.16 million from RM17.23 million a year ago, the Penang-based automated test equipment maker said in a bourse filing. Earnings per share rose to 1.28 sen in 1QFY2025, compared with 0.91 sen in the same quarter last year.

Quarterly revenue climbed 18% to RM141.12 million from RM119.61 million, supported by higher demand for its machine vision system and automated board inspection segments.

No dividend was declared for the quarter under review.

On a quarter-on-quarter (q-o-q) basis, net profit was up 7% from RM22.58 million in the fourth quarter ended Dec 31, 2024 (4QFY2024), despite a 5.2% decline in revenue from RM148.80 million, due mainly to a slight dip in the machine vision system segment.

Commenting on its outlook, ViTrox expects to see a “robust double-digit growth” in FY2025, underpinned by demand in generative artificial intelligence (AI), 5G, high-performance computing, medical devices, aerospace and electric vehicles.

“Despite near-term challenges from geopolitical tensions and trade disputes, the long-term outlook for the semiconductor sector remains strong,” it said.

The group said it remains cautiously optimistic for the next six months and will continue investing in research and development to capture emerging opportunities.

Shares of ViTrox closed unchanged at RM2.70 on Thursday, giving the Main Market-listed company a market capitalisation of RM5.11 billion.