- Aztech’s 2Q25 net profit exceeded our expectations, with 1H25 earnings forming 73% of our full-year estimate. While revenue and profit fell y-o-y due to muted customer demand, the q-o-q rebound was better than expected due to customer restocking. However, the outlook remains cautious due to the increasingly complex landscape of macroeconomic uncertainties and geopolitical tensions.
2Q25 earnings beat expectations.
- - Read this at SGinvestors.io -
- While revenue and profit declined y-o-y due to muted customer demand, the strong q-o-q rebound was better than expected, leading to the earnings beat. Net margin also saw an improvement to 10.2% (+6.6ppt q-o-q).
Healthy net cash position maintained.
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- Net asset value stood at S$0.35 per share (vs S$0.44 per share as at end-24).
Still no orderbook disclosed, but inventory buildup signals cautious optimism about 2H25.
- Read more at SGinvestors.io.
