ASTI Holdings (575) H1 2026 earnings summary

Executive summary

• H1 revenue rose 25.3% YoY to S$21.696m on higher production volumes from key customers; gross margin contracted as factory overheads and labour costs increased.

• Net profit for the period fell 38.8% to S$436k; net profit attributable to owners declined 36.5% to S$444k.

Financial highlights

• Revenue was S$21.696m versus S$17.311m; gross profit rose 7.4% to S$4.906m, slower than sales growth.

• Profit before tax was S$574k versus S$912k; administrative expenses rose 1.6% to S$4.3m, mainly on payroll and indirect factory costs.

• Other losses were S$191k versus gains of S$227k, mainly from unrealised FX losses as the USD appreciated against the PHP.

• Total assets increased to S$50.4m from S$45.1m at 31 December 2025; current assets rose to S$34.1m, mainly on higher inventories, receivables and cash.

Outlook and guidance

• Management remained upbeat on maintaining revenue improvement, while emphasizing prudent operations and adaptation to changing market conditions; no numerical earnings guidance was stated.

• Growth plans include expanding service offerings in the Philippines, Malaysia and the UK, and increasing focus on R&D and new business opportunities.