Global Testing Corporation (AYN) H1 2026 earnings summary

Executive summary

• H1 revenue rose 4% on higher customer orders, while net profit fell 32% as higher costs and a swing to tax expense outweighed lower other operating expenses.

• Surplus cash was deployed into investment-grade bonds; operations remained focused on efficiency and cost control amid an uneven semiconductor recovery.

Financial highlights

• Revenue was US$23.452m, up 4% YoY; cost of sales rose 6% to US$18.139m, and gross profit declined 4% to US$5.313m.

• Profit before tax was US$2.963m, down 3% YoY; net profit attributable to equity holders was US$2.134m, down 32%.

• Income tax was an expense of US$829k versus a benefit of US$77k in H1 2025, reflecting current tax on taxable profits and prior-period use of unutilised tax losses.

• Other operating expenses declined 29% to US$481k, mainly due to a larger foreign-exchange loss in H1 2025; H1 2026 FX loss was US$23k versus US$189k.

Outlook and guidance

• No quantified guidance; operations will take a measured approach, emphasizing operating efficiency, disciplined cost control, service quality, and close work with customers and suppliers.

• Management will monitor operating-environment developments as recovery remains uneven across semiconductor market segments.