Precision metal components manufacturer Innotek M14 has reported a net profit of $2.0 million for FY2025, ended Dec 31, 2025, down 65.6% y-o-y.
Revenue saw a decline of 11.8% y-o-y to $209.9 million in FY2025. The drop was driven by lower revenue contribution from its automotive, office automation (OA), and TV/Display business segment, amid softer sales due to trade tariffs.
However, the decline was partially offset by higher revenue contribution from its GPU server segment, which recorded higher revenue contribution of $43.2 million in FY2025, from $35.6 million a year ago.
With the lower revenue and changes in its product mix, Innotek’s gross profit declined by 21.6% y-o-y to $28.6 million.
Accordingly, gross profit margin declined to 13.6% in FY2025 from 15.3% in FY2024.
Excluding one-off exceptional items of $1.6 million related to stock obsolescence, doubtful debts and fair value loss on investment properties, net profit for FY2025 would have been $3.6 million.
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Earnings per share for FY2025 declined to 0.87 cents from 2.51 cents a year ago, while net asset value per share stood at 73.4 cents as at Dec 31, 2025, compared to 76.2 cents as at Dec 31, 2024.
“We are confident in our ability to grow alongside our customers to support their needs as the adoption of AI continues to accelerate. We remain committed to maintaining QCDS (quality, cost, delivery, service) to continue delivering innovative solutions to our customers,” says Lou Yiliang, CEO of InnoTek.
Shares in Innotek closed 1.5 cents higher, or 1.94% up at 79 cents on Feb 26.
