Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand

by Riah Marton
in Technology
Aztech Global H1 net profit drops 65.5% to S.1 million on subdued customer demand
Share on FacebookShare on Twitter


[SINGAPORE] Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly, revenue declined by 50.3 per cent to S$185.4 million in H1 2025, from S$373.2 million in H1 2024, indicated its Tuesday (Jul 22) evening bourse filing.

The weaker net profit and revenue performance was primarily due to subdued customer demand, the manufacturer said.

Earnings per share stood at S$0.0208 for the half year, down from S$0.0604 in H1 2024.

An interim dividend of one cent per share was declared, compared to five cents per share in the year-ago period.

“While macroeconomic and geopolitical uncertainties may persist, we will sharpen our operating model and seize emerging opportunities,” said Michael Mun, Aztech’s executive chairman and chief executive officer. “The interim dividend demonstrates our commitment to shareholders while maintaining a balanced approach to operational needs.” 

The group reported a net operating cash outflow of S$8.8 million in the first half of 2025, which it attributed to higher working capital needs with the increase in trade receivables and inventories. As at end-June, its net cash position came in at S$214.5 million.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Its net asset value per share was S$0.35 as at Jun 30, 2025, lower than S$0.44 as at Dec 31, 2024. This was largely because of the payment of final and special dividends amounting to S$77.2 million in April 2025.

The group’s customer diversification and growth has gained traction, Aztech said. It has secured 12 new product orders and added seven new customers year to date.

It has also consolidated its production capacity and capabilities in Pasir Gudang, Johor, and sold its premises in Gelang Patah, Johor for RM28.7 million (S$8.7 million).

“The sale is expected to yield a net gain of RM13.7 million,” Aztech said.

It added that to better position itself to seize opportunities amid the increasingly complex macroeconomic environment and geopolitical tensions, Aztech will focus on strengthening its customer base; diversifying its supplier network; leveraging its dual-site manufacturing footprint; and maintaining a disciplined approach to resource management.

The counter closed at S$0.605 on Tuesday, up S$0.005 or 0.8 per cent, before the announcement.

Tags: AztechCustomerdemandDropsGlobalMillionNetProfitS16.1subdued
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
SPH Media lays off 11 workers with decommissioning of old printing presses

SPH Media lays off 11 workers with decommissioning of old printing presses

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In