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.
See also: Reclaims Global reports higher earnings of $6.8 million for FY2026, up 23% y-o-y
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.
