Aztech Global (8AZ) H2 2025 earnings summary

Executive summary

• Full year 2025 revenue declined 30.4% year-over-year to $432.5 million, with net profit down 43% to $40.2 million, mainly due to increased competition and softer demand for IoT and data-communication products.

• Fourth quarter 2025 saw revenue of $113.6 million and net profit of $13.3 million, up 39% and 31.7% year-over-year respectively, driven by recurring orders and new customers.

• A $3.5 million gain from the sale of property in Malaysia contributed to higher sequential net profit in Q4 2025.

• The company secured 27 new project orders and onboarded 10 new customers across consumer, MedTech, security, and industrial segments.

Financial highlights

• FY2025 EBITDA was $56.1 million, down 38.6% year-over-year.

• Free cash flow for FY2025 was $36.8 million, compared to $109.9 million in FY2024.

• Net cash position at year-end was $256.4 million.

• NAV per share was 38 cents as of 31 December 2025, down from 44 cents a year earlier, mainly due to $84.9 million in dividend payments.

• Proposed total dividends for FY2025 are 12 cents per share, with a payout ratio of 230.6%.

Outlook and guidance

• The business environment remains challenging due to macroeconomic and geopolitical uncertainties and softening customer demand.

• Strategic priorities for FY2026 include expanding the customer base, diversifying the supplier network, leveraging dual-site manufacturing, enhancing capabilities, disciplined resource management, and advancing sustainability goals.