Aztech Global (8AZ) H1 2026 earnings summary

Executive summary

• Revenue for 1H 2026 was $151.4 million, down 18.4% year-over-year due to softer customer demand and increased competition.

• Net profit for 1H 2026 was $9.4 million, a 41.7% decrease year-over-year, with Q2 net profit at $5.4 million.

• Net profit margin for 2Q 2026 was 6.2%, down from 10.2% a year ago.

• The Group remains profitable and maintains a strong net cash position of $190.6 million after dividend payouts.

• Interim cash dividend of 0.5 cent per share declared, totaling $3.9 million and representing a 41.3% payout ratio.

Financial highlights

• EBITDA for 2Q 2026 was $8.6 million, down 55.4% year-over-year but up 43.3% sequentially, with an EBITDA margin of 9.9%.

• Net cash from operating activities was $13.2 million, with free cash flow at $12.9 million for 1H 2026.

• Basic and diluted EPS for 1H 2026 was 1.21 cents, down from 2.08 cents year-over-year.

• Net asset value per share was 28.0 cents as of 30 June 2026, down from 38 cents at 31 December 2025.

• Net profit included a $2.5 million gain from the sale of property in Dongguan, China.

Outlook and guidance

• Softer customer demand is expected for 2H 2026, with new projects unlikely to fully offset lower order volume from existing customers.

• Profitability is expected to be maintained for FY2026 barring unforeseen circumstances.

• Ongoing focus on customer and revenue diversification, especially in renewable energy, MedTech, and proprietary product development.

• Cost management and supply chain planning remain priorities.