Global Testing Corporation (AYN) H1 2025 earnings summary

Executive summary

• H1 revenue rose 22% YoY to US$22.6m, while net profit increased 242% to US$3.12m and EPS reached 9.32 US cents.

• Higher customer orders drove revenue growth; gross profit increased 82% to US$5.52m.

Financial highlights

• Cost of sales rose 10% YoY to US$17.0m, reflecting higher activity, short-term equipment rentals and electricity costs.

• Other operating income fell 36% to US$0.4m as the prior-year period included foreign exchange gains; other operating expenses rose 39% to US$0.7m on 2025 FX losses.

• Profit before tax increased 174% to US$3.04m; an income tax benefit of US$77k compared with a US$199k expense in H1 2024.

• Net profit attributable to equity holders was US$3.12m versus US$0.91m; basic and diluted EPS were both 9.32 US cents, up from 2.62 cents.

Outlook and guidance

• Priorities are operational oversight, efficiency, quality testing services, and stronger client and supplier relationships amid an uncertain environment.

• No dividend was declared for H1; any dividend, if applicable, will be considered at the full-year results announcement.