[SINGAPORE] Aztech Global’s net profit fell 21.2 per cent to S$10.8 million for the third quarter ended Sep 30, from S$13.7 million in the previous corresponding period.
Revenue for the quarter fell 19.9 per cent to S$133.5 million, down from S$166.7 million.
Earnings per share stood at S$0.0141, down from S$0.0178 in Q3 2024.
For the nine-month period, net profit declined 55.5 per cent from S$60.4 million to S$26.9 million, primarily due to subdued customer demand, said the company in a bourse filing on Wednesday (Oct 15).
“The group continues to build strong momentum year to date, securing 22 new project wins and onboarding 11 new customers across consumer, medtech, industrial, and automotive segments,” it said.
The Internet of Things device manufacturer is headed by CEO and executive chairman Michael Mun.
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Aztech said that it has commenced the commercial production of five of these new orders year to date, with another five slated to start in Q4.
“Barring unforeseen circumstances, the group expects its full year performance to remain profitable,” it added.
Aztech reported a net cash flow of S$16.1 million from its operating activities and a free cash flow S$14.5 million for the nine-month period of 2025.
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Net asset value per share was S$0.36 as at Sep 30, lower than S$0.44 as at Dec 31 2024.
The group attributes the lower net asset value per share to the payment of final and special dividends amounting to S$77.2 million in April 2025 and interim dividend of S$7.7 million declared for the first half of 2025.
Moving forward, Aztech is “cautiously optimistic” about the business environment for the rest of 2025. They remain vigilant of the uncertainty in the macroeconomic, trade and geopolitical fronts.
Shares of Aztech Global closed Wednesday down 0.7 per cent or S$0.005 at S$0.68, before the announcement.
