ASTI Holdings (SGX:575
) reversed back into the black with a net profit of $835,000 in FY2025, ended Dec 31, 2025, compared against a loss of more than $24.5 million a year ago.
Revenue was up 11.8% y-o-y to $36.9 million, driven by higher revenue from the backend equipment solution & technologies segment following increased orders from customers.
Gross profit margin improved 15.4 percentage points from 11.5% in FY2024 to 26.9% in FY2025, due to higher revenue and lower direct fixed costs.
Administrative expenses decreased by S$0.8 million or 8.4% y-o-y from $9.6 million in FY2024 to $8.9 million in FY2025.
The reduction was mainly due to lower professional fees, staff costs and other operational costs after offsetting an increase in the one-off value added tax (VAT) taxes of approximately $0.8 million.
“The combination of sector tailwinds, capacity expansion, enhanced service offerings, and disciplined cost management positions us to maintain sustainable profitability in the long term," says Eddie Ng, executive chairman and CEO of ASTI Holdings.
See also: International Cement Group reports FY2025 earnings of $60.0 mil, up more than 400 times y-o-y
Shares in ASTI Holdings closed 0.7 cents higher, or up 10.94% to 7.1 cents on Feb 27.
