Aztech Global Ltd. reported net profit of S$26.9 million for the nine months ended 30 September 2025, down 55.5 per cent year-on-year, as a slowdown in customer orders weighed on revenue and margins.
Revenue for the period fell 40.9 per cent to S$318.9 million. Profit before tax margin narrowed to 10.2 per cent from 13 per cent a year earlier.
The board paid final and special dividends totalling S$77.2 million in April 2025 and declared an interim dividend of S$7.7 million for 1H 2025. Net asset value per share stood at 36 cents as at 30 September 2025, down from 44 cents at end-2024, reflecting the dividend payouts.
Operating cash flow came in at S$16.1 million, generating free cash flow of S$14.5 million. The company remained in a net cash position of S$229.5 million, including S$133.9 million in short-term investments.
Management attributed the weaker top line to subdued demand across its Internet-of-Things and data-communication products. To counter this, the group secured 22 project wins and onboarded 11 customers across consumer, medical technology, industrial and automotive segments; commercial production for five projects has started, with another five due in the fourth quarter and the rest slated for 2026.
Headwinds persisted in the form of macroeconomic uncertainty and geopolitical risk, which the company said could continue to temper near-term visibility.
Strategic actions during the quarter included: • A sale-and-leaseback of the Dongguan factory that trimmed built-up space to 18,010 sq m over a 10-year lease; • A sale agreement for the Gelang Patah facility in Johor; • Launch of a Climate Action 2050 Roadmap targeting net-zero Scope 1 and 2 emissions by 2040 and full-value-chain neutrality by 2050; • Procurement of 804,000 kWh a year of green electricity in China and a rooftop solar PPA for the Malaysia plant.
Executive chairman and chief executive officer Michael Mun said the awards garnered in 2025 underscored the group’s resilience and governance standards. He noted that tighter cost control, a dual-site manufacturing footprint and disciplined capital management should keep the business profitable for the full year, barring unforeseen circumstances.
Looking ahead, Aztech intends to broaden its customer base, deepen localisation of its supplier network, invest in manufacturing and R&D capabilities, and maintain prudent oversight of capital, costs and foreign-exchange exposure while advancing its net-zero agenda.