Gross profit margin dropped by 1 percentage point (ppt) 28% from 29% last year.
Overall expenses also saw a decline, with administrative expenses dropping 33.2% y-o-y to $11.0 million and other expenses declining by 95.4% y-o-y to $182,000.
As at end-December, cash and cash equivalents stood at $25.9 million.
With the group churning earnings this year, it has declared a dividend of 0.45 cent per share, compared to none in the same period a year ago.
See also: Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
To recap, the group has been on the Singapore Exchange (SGX) watch list since June 6, 2019. It had said it will be delisted from SGX after failing to meet the requirements for exiting the watch list.
Shares in Asti are currently suspended. It last traded at 1.4 cents.
