ASTI Holdings (575) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 11.8% to S$36.9 million; net profit was S$0.8 million versus a S$24.5 million net loss in FY2024.

• Gross margin expanded 15.4 percentage points to 26.9%, supported by higher revenue and lower direct fixed costs.

Financial highlights

• Revenue increased to S$36.857 million from S$32.956 million in FY2024, up 11.8%.

• Gross profit rose to S$9.907 million from S$3.783 million; gross margin increased to 26.9% from 11.5%.

• Net profit attributable to owners was S$835,000, versus a S$24.503 million net loss in FY2024.

• Administrative expenses fell S$0.8 million, or 8.4%, to S$8.9 million, reflecting lower professional fees, staff costs and other operating costs, partly offset by one-off VAT taxes.

• Other gains improved by S$3.5 million, from a S$3.3 million net loss to a S$0.2 million net gain.

Outlook and guidance

• Cautiously optimistic about maintaining performance; focus is on operational optimisation rather than broad-based cost cuts in 2026.

• Capacity expansion, enhanced service offerings and disciplined cost management are expected to support sustainable long-term profitability.

• Management plans to monitor industry trends and pursue new business opportunities and strategic initiatives for sustainable growth.