Aztech Global Ltd. posted a net profit of S$40.2 million for the year ended 31 December 2025, down 43 per cent year-on-year as increased competition and softer demand for Internet-of-Things (IoT) and data-communication devices weighed on margins.
Full-year revenue fell 30.4 per cent to S$432.5 million. The board has proposed a final ordinary dividend of 3 cents and a special dividend of 8 cents per share, bringing total cash distributions for FY2025 to 12 cents per share. Subject to shareholder approval at the 20 April 2026 AGM, the payouts – amounting to S$84.9 million – will be made on 30 April 2026, implying a payout ratio of 230.6 per cent.
Fourth-quarter revenue grew 39 per cent YoY to S$113.6 million on recurring orders and new customer wins, while net profit rose 31.7 per cent YoY to S$13.3 million. The quarter delivered a profit-before-tax margin of 13.6 per cent; stripping out a S$3.5 million property disposal gain booked in the previous quarter, the underlying margin was 10.5 per cent. Operating cash flow for the full year came in at S$38.5 million, supporting a net cash position of S$256.4 million.
The weaker full-year performance was attributed to subdued end-market demand and heightened price competition. Net asset value slipped to 38 cents per share from 44 cents a year earlier, mainly after dividend payments made during the year.
To tighten costs and enhance flexibility, the group sold its Gelang Patah property in Johor and entered a sale-and-partial-leaseback arrangement for its Dongguan plant, consolidating production into about 500,000 sq ft across Malaysia and China. In January 2026, its ISO 13485-certified Malaysian facility secured U.S. FDA 21 CFR Part 807 registration, enabling Aztech to manufacture medical devices for the world’s largest healthcare market. The company also clinched 27 new project orders and onboarded 10 customers in consumer, MedTech, security and industrial verticals during FY2025.
Looking ahead, Aztech plans to broaden its customer base, reinforce supply-chain resilience and deepen dual-site manufacturing capabilities while pursuing opportunities in MedTech and renewable-energy hardware. It will also invest in design and R&D, manage capital prudently and advance net-zero initiatives to meet clients’ ESG goals.
Executive chairman and chief executive Michael Mun said the group remains cautious amid macroeconomic and geopolitical uncertainties but intends to expand in “promising segments” to secure resilient earnings. He added that the proposed special and final dividends reflect Aztech’s commitment to shareholder returns as the company marks its 40th anniversary this year.