VIMTA LABS LIMITED

Provides contract research and laboratory testing services to pharmaceutical, food and environmental, and electronics companies. Operations run out of a ~200,000 sq ft Genome Valley lab campus that is ~60% occupied. The pharma contract research arm is delivering consistent year-on-year growth, while the clinical research arm is showing early signs of recovery after prior-year challenges. Biologics contract research and development services were recently launched, with a first customer order already secured, though meaningful P&L contribution is only expected from the third year onwards. Food and environmental testing is under pressure from Middle East trade disruption, with the business pivoting toward domestic clients. Electronics and electrical testing has stabilised after prior leadership issues and benefits from a 15.19% YoY increase in the defence budget. Employees are the largest cost at 28.1% of revenue, followed by materials at 19.8% and other operating expenses at 17.3%.