Aztech Gbl 8AZ
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-2.22% -0.01 Updated 19 Oct 2026, 17:16 SGT
Financials
Aztech Global Ltd. Annual Report 2025
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11 tablesStatements of Financial Position — assets
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsSGD thousands | 123,336 | 292,082 | 98,644 | 275,440 | PDF p. 84 |
| Statements of Financial Position — assets | |||||
| Trade receivablesSGD thousands | 90,082 | 81,825 | – | – | PDF p. 84 |
| Other receivablesSGD thousands | 7,929 | 2,671 | 11,088 | 1,800 | PDF p. 84 |
| Other investmentsSGD thousands | 146,249 | 19,178 | 146,249 | 19,178 | PDF p. 84 |
| PrepaymentsSGD thousands | 1,445 | 2,286 | 65 | 193 | PDF p. 84 |
| InventoriesSGD thousands | 30,005 | 32,354 | – | – | PDF p. 84 |
| Total current assets excluding non-current assets classified as held for saleSGD thousands | 399,046 | 430,396 | 256,046 | 296,611 | PDF p. 84 |
| Non-current assets | |||||
| classified as held for saleSGD thousands | 1,366 | – | – | – | PDF p. 84 |
| Statements of Financial Position — assets | |||||
| Total current assetsSGD thousands | 400,412 | 430,396 | 256,046 | 296,611 | PDF p. 84 |
| Non-current assets | |||||
| Other receivablesSGD thousands | – | – | – | 464 | PDF p. 84 |
| Statements of Financial Position — assets | |||||
| PrepaymentsSGD thousands | – | 633 | – | – | PDF p. 84 |
| Investments in subsidiariesSGD thousands | – | – | 78,866 | 78,866 | PDF p. 84 |
| Property, plant and equipmentSGD thousands | 27,554 | 39,632 | – | – | PDF p. 84 |
| Deferred tax assetsSGD thousands | 357 | 550 | 79 | 161 | PDF p. 84 |
| Total non-current assetsSGD thousands | 27,911 | 40,815 | 78,945 | 79,491 | PDF p. 84 |
| Total assetsSGD thousands | 428,323 | 471,211 | 334,991 | 376,102 | PDF p. 84 |
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Definitions & sources
Original report: PDF p. 84 ↗
Statements of Financial Position — liabilities and equity
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| BorrowingsSGD thousands | 2,262 | 3,371 | – | – | PDF p. 85 |
| Statements of Financial Position — liabilities and equity | |||||
| Lease liabilitiesSGD thousands | 1,907 | 1,987 | 464 | 482 | PDF p. 85 |
| Trade payablesSGD thousands | 80,158 | 71,839 | – | – | PDF p. 85 |
| Other payablesSGD thousands | 26,371 | 23,276 | 22,418 | 75,874 | PDF p. 85 |
| Provision for retirement benefitSGD thousands | 709 | 689 | 709 | 689 | PDF p. 85 |
| Income tax payableSGD thousands | 13,476 | 16,083 | 622 | 1,556 | PDF p. 85 |
| Total current liabilitiesSGD thousands | 124,883 | 117,245 | 24,213 | 78,601 | PDF p. 85 |
| Non-current liabilities | |||||
| BorrowingsSGD thousands | 7,535 | 10,918 | – | – | PDF p. 85 |
| Statements of Financial Position — liabilities and equity | |||||
| Lease liabilitiesSGD thousands | 1,427 | 856 | – | 464 | PDF p. 85 |
| Provision for retirement benefitSGD thousands | 316 | 299 | 316 | 299 | PDF p. 85 |
| Deferred tax liabilitiesSGD thousands | 2,535 | 2,800 | 79 | 161 | PDF p. 85 |
| Total non-current liabilitiesSGD thousands | 11,813 | 14,873 | 395 | 924 | PDF p. 85 |
| Capital and reserves | |||||
| Share capitalSGD thousands | 206,166 | 206,166 | 206,166 | 206,166 | PDF p. 85 |
| Statements of Financial Position — liabilities and equity | |||||
| Treasury sharesSGD thousands | (1,992) | (1,992) | (1,992) | (1,992) | PDF p. 85 |
| Capital reserveSGD thousands | (4,672) | (4,670) | 11,649 | 11,651 | PDF p. 85 |
| Foreign currency translation accountSGD thousands | (20,538) | (17,652) | – | – | PDF p. 85 |
| Share options reserveSGD thousands | 844 | 696 | 844 | 696 | PDF p. 85 |
| Statutory reserveSGD thousands | 14,755 | 14,755 | – | – | PDF p. 85 |
| Retained profitsSGD thousands | 97,064 | 141,790 | 93,716 | 80,056 | PDF p. 85 |
| Total equitySGD thousands | 291,627 | 339,093 | 310,383 | 296,577 | PDF p. 85 |
| Total liabilities and equitySGD thousands | 428,323 | 471,211 | 334,991 | 376,102 | PDF p. 85 |
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Definitions & sources
Original report: PDF p. 85 ↗
Consolidated Statement of Comprehensive Income
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Statement of Comprehensive Income | |||
| RevenueSGD thousands | 432,503 | 621,606 | PDF p. 86 |
| Other incomeSGD thousands | 374 | 452 | PDF p. 86 |
| Changes in inventories of finished goods and work in progress, and raw materials usedSGD thousands | (331,569) | (480,033) | PDF p. 86 |
| Employee benefits expenseSGD thousands | (42,091) | (50,529) | PDF p. 86 |
| Depreciation expensesSGD thousands | (7,572) | (9,287) | PDF p. 86 |
| Other operating expensesSGD thousands | (12,250) | (16,615) | PDF p. 86 |
| Reversal of allowance for trade receivablesSGD thousands | 387 | 2,892 | PDF p. 86 |
| Interest incomeSGD thousands | 6,567 | 9,622 | PDF p. 86 |
| Other gains and lossesSGD thousands | 2,173 | 3,896 | PDF p. 86 |
| Finance costsSGD thousands | (760) | (947) | PDF p. 86 |
| Profit before income taxSGD thousands | 47,762 | 81,057 | PDF p. 86 |
| Income tax expenseSGD thousands | (7,591) | (10,529) | PDF p. 86 |
| Profit for the financial yearSGD thousands | 40,171 | 70,528 | PDF p. 86 |
| Other comprehensive income: Items that may be reclassified subsequently into profit or loss | |||
| Exchange differences on translation of foreign operations, representing other comprehensive income for the financial year, net of taxSGD thousands | (2,886) | 906 | PDF p. 86 |
| Consolidated Statement of Comprehensive Income | |||
| Total comprehensive income for the financial yearSGD thousands | 37,285 | 71,434 | PDF p. 86 |
| Profit attributable to owners of the CompanySGD thousands | 40,171 | 70,528 | PDF p. 86 |
| Total comprehensive income attributable to owners of the CompanySGD thousands | 37,285 | 71,434 | PDF p. 86 |
| Earnings per share | |||
| Basic (cents)Singapore cents | 5.20 | 9.14 | PDF p. 86 |
| Consolidated Statement of Comprehensive Income | |||
| Diluted (cents)Singapore cents | 5.20 | 9.13 | PDF p. 86 |
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Definitions & sources
Original report: PDF p. 86 ↗
Statements of Changes in Equity — Group — 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupTreasury shares | 2025GroupCapital reserve | 2025GroupForeign currency translation account | 2025GroupShare options reserve | 2025GroupStatutory reserve | 2025GroupRetained profits | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Group | |||||||||
| Balance as at 1 January 2025SGD thousands | 206,166 | (1,992) | (4,670) | (17,652) | 696 | 14,755 | 141,790 | 339,093 | PDF p. 87 |
| Total comprehensive income for the financial year | |||||||||
| - Profit for the financial yearSGD thousands | – | – | – | – | – | – | 40,171 | 40,171 | PDF p. 87 |
| Statements of Changes in Equity — Group | |||||||||
| - Other comprehensive income for the financial yearSGD thousands | – | – | – | (2,886) | – | – | – | (2,886) | PDF p. 87 |
| TotalSGD thousands | – | – | – | (2,886) | – | – | 40,171 | 37,285 | PDF p. 87 |
| Transactions with owners, recognised directly in equity | |||||||||
| - Share option expenseSGD thousands | – | – | – | – | 148 | – | – | 148 | PDF p. 87 |
| Statements of Changes in Equity — Group | |||||||||
| - DividendsSGD thousands | – | – | – | – | – | – | (84,897) | (84,897) | PDF p. 87 |
| - Reversal of capital reserveSGD thousands | – | – | (2) | – | – | – | – | (2) | PDF p. 87 |
| TotalSGD thousands | – | – | (2) | – | 148 | – | (84,897) | (84,751) | PDF p. 87 |
| Balance as at 31 December 2025SGD thousands | 206,166 | (1,992) | (4,672) | (20,538) | 844 | 14,755 | 97,064 | 291,627 | PDF p. 87 |
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Original report: PDF p. 87 ↗
Statements of Changes in Equity — Group — 2024
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupTreasury shares | 2024GroupCapital reserve | 2024GroupForeign currency translation account | 2024GroupShare options reserve | 2024GroupStatutory reserve | 2024GroupRetained profits | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Group | |||||||||
| Balance as at 1 January 2024SGD thousands | 206,166 | (1,843) | (4,670) | (18,558) | 636 | 1,254 | 161,958 | 344,943 | PDF p. 87 |
| Total comprehensive income for the financial year | |||||||||
| - Profit for the financial yearSGD thousands | – | – | – | – | – | – | 70,528 | 70,528 | PDF p. 87 |
| Statements of Changes in Equity — Group | |||||||||
| - Other comprehensive income for the financial yearSGD thousands | – | – | – | 906 | – | – | – | 906 | PDF p. 87 |
| TotalSGD thousands | – | – | – | 906 | – | – | 70,528 | 71,434 | PDF p. 87 |
| Transactions with owners, recognised directly in equity | |||||||||
| - Share option expenseSGD thousands | – | – | – | – | 60 | – | – | 60 | PDF p. 87 |
| Statements of Changes in Equity — Group | |||||||||
| - Share buybackSGD thousands | – | (149) | – | – | – | – | – | (149) | PDF p. 87 |
| - DividendsSGD thousands | – | – | – | – | – | – | (77,195) | (77,195) | PDF p. 87 |
| - Transfer to statutory reserveSGD thousands | – | – | – | – | – | 13,501 | (13,501) | – | PDF p. 87 |
| TotalSGD thousands | – | (149) | – | – | 60 | 13,501 | (90,696) | (77,284) | PDF p. 87 |
| Balance as at 31 December 2024SGD thousands | 206,166 | (1,992) | (4,670) | (17,652) | 696 | 14,755 | 141,790 | 339,093 | PDF p. 87 |
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Original report: PDF p. 87 ↗
Statements of Changes in Equity — Company — 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyTreasury shares | 2025CompanyCapital reserve | 2025CompanyShare options reserve | 2025CompanyRetained profits | 2025CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Company | |||||||
| Balance as at 1 January 2025SGD thousands | 206,166 | (1,992) | 11,651 | 696 | 80,056 | 296,577 | PDF p. 88 |
| Profit for the financial year, representing total comprehensive income for the financial yearSGD thousands | – | – | – | – | 98,557 | 98,557 | PDF p. 88 |
| Transactions with owners, recognised directly in equity | |||||||
| - Share option expenseSGD thousands | – | – | – | 148 | – | 148 | PDF p. 88 |
| Statements of Changes in Equity — Company | |||||||
| - DividendsSGD thousands | – | – | – | – | (84,897) | (84,897) | PDF p. 88 |
| - Reversal of capital reserveSGD thousands | – | – | (2) | – | – | (2) | PDF p. 88 |
| TotalSGD thousands | – | – | (2) | 148 | (84,897) | (84,751) | PDF p. 88 |
| Balance as at 31 December 2025SGD thousands | 206,166 | (1,992) | 11,649 | 844 | 93,716 | 310,383 | PDF p. 88 |
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Definitions & sources
Original report: PDF p. 88 ↗
Statements of Changes in Equity — Company — 2024
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyTreasury shares | 2024CompanyCapital reserve | 2024CompanyShare options reserve | 2024CompanyRetained profits | 2024CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Company | |||||||
| Balance as at 1 January 2024SGD thousands | 206,166 | (1,843) | 11,651 | 636 | 41,296 | 257,906 | PDF p. 88 |
| Profit for the financial year, representing total comprehensive income for the financial yearSGD thousands | – | – | – | – | 115,955 | 115,955 | PDF p. 88 |
| Transactions with owners, recognised directly in equity | |||||||
| - Share option expenseSGD thousands | – | – | – | 60 | – | 60 | PDF p. 88 |
| Statements of Changes in Equity — Company | |||||||
| - Share buybackSGD thousands | – | (149) | – | – | – | (149) | PDF p. 88 |
| - DividendsSGD thousands | – | – | – | – | (77,195) | (77,195) | PDF p. 88 |
| TotalSGD thousands | – | (149) | – | 60 | (77,195) | (77,284) | PDF p. 88 |
| Balance as at 31 December 2024SGD thousands | 206,166 | (1,992) | 11,651 | 696 | 80,056 | 296,577 | PDF p. 88 |
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Original report: PDF p. 88 ↗
Consolidated Statement of Cash Flows
43 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Operating activities | |||
| Profit before income tax$’000 | 47,762 | 81,057 | PDF p. 89 |
| Operating activities — Adjustments for | |||
| Depreciation of property, plant and equipment$’000 | 7,572 | 9,287 | PDF p. 89 |
| Fair value gain on derivative financial instruments$’000 | (852) | (3,238) | PDF p. 89 |
| Fair value gain on other investments, net$’000 | (304) | (793) | PDF p. 89 |
| Share option expense$’000 | 148 | 60 | PDF p. 89 |
| Gain on disposal of property, plant and equipment$’000 | (3,727) | (193) | PDF p. 89 |
| Interest expense$’000 | 760 | 947 | PDF p. 89 |
| Interest income$’000 | (6,567) | (9,622) | PDF p. 89 |
| Lease modification$’000 | 117 | (3) | PDF p. 89 |
| Reversal of allowance for trade receivables$’000 | (387) | (2,892) | PDF p. 89 |
| Net unrealised foreign exchange loss/(gain)$’000 | 2,780 | (4,723) | PDF p. 89 |
| Plant and equipment written off$’000 | 700 | 139 | PDF p. 89 |
| Provision for retirement benefit$’000 | 37 | 41 | PDF p. 89 |
| (Reversal of)/Write-down for inventory obsolescence$’000 | (63) | 395 | PDF p. 89 |
| Operating activities | |||
| Operating cash flows before movements in working capital$’000 | 47,976 | 70,462 | PDF p. 89 |
| Operating activities — Changes in working capital | |||
| Trade receivables$’000 | (11,306) | 135,057 | PDF p. 89 |
| Other receivables$’000 | 1,265 | (11) | PDF p. 89 |
| Derivative financial instruments$’000 | 852 | 3,209 | PDF p. 89 |
| Prepayments$’000 | 1,390 | (721) | PDF p. 89 |
| Inventories$’000 | 926 | 42,000 | PDF p. 89 |
| Trade payables$’000 | 8,938 | (112,171) | PDF p. 89 |
| Other payables$’000 | (531) | (7,974) | PDF p. 89 |
| Operating activities | |||
| Cash from operations$’000 | 49,510 | 129,851 | PDF p. 89 |
| Income tax paid$’000 | (10,270) | (15,607) | PDF p. 89 |
| Interest paid$’000 | (760) | (947) | PDF p. 89 |
| Net cash from operating activities$’000 | 38,480 | 113,297 | PDF p. 89 |
| Investing activities | |||
| Interest received$’000 | 6,567 | 9,622 | PDF p. 90 |
| Proceeds on disposal of plant and equipment$’000 | 2,694 | 624 | PDF p. 90 |
| Purchases of property, plant and equipment$’000 | (1,745) | (3,389) | PDF p. 90 |
| (Acquisition)/Proceeds from realisation of other investments, net$’000 | (94,784) | 22,195 | PDF p. 90 |
| Placement of long-term fixed deposits, net$’000 | (32,092) | – | PDF p. 90 |
| Deposit received for disposal of property, plant and equipment$’000 | 3,290 | – | PDF p. 90 |
| Net cash (used in)/from investing activities$’000 | (116,070) | 29,052 | PDF p. 90 |
| Financing activities | |||
| Share buyback$’000 | – | (149) | PDF p. 90 |
| Repayment of obligations under lease liabilities (Note A)$’000 | (2,177) | (2,300) | PDF p. 90 |
| Proceeds from bank borrowings (Note A)$’000 | 543 | 625 | PDF p. 90 |
| Repayments of bank borrowings (Note A)$’000 | (5,265) | (4,062) | PDF p. 90 |
| Dividends paid$’000 | (84,897) | (77,195) | PDF p. 90 |
| Net cash used in financing activities$’000 | (91,796) | (83,081) | PDF p. 90 |
| Cash and cash equivalents | |||
| Net change in cash and cash equivalents$’000 | (169,386) | 59,268 | PDF p. 90 |
| Effects of exchange rate changes on the balance of cash held in foreign currencies$’000 | 640 | 1,372 | PDF p. 90 |
| Cash and cash equivalents at beginning of the financial year$’000 | 292,082 | 231,442 | PDF p. 90 |
| Cash and cash equivalents at end of the financial year (Note 4)$’000 | 123,336 | 292,082 | PDF p. 90 |
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Definitions & sources
Original report: PDF p. 89 ↗ PDF p. 90 ↗
The cash flow statement spans pages 89–90. Note A presents a reconciliation of liabilities arising from financing activities on page 91; it is supporting detail rather than a separate primary cash flow statement.
Financial Highlights — for the year and at year end
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group, for the year / at year end | 2022Group, for the year / at year end | 2023Group, for the year / at year end | 2024Group, for the year / at year end | 2025Group, for the year / at year end | Source |
|---|---|---|---|---|---|---|
| For the year | ||||||
| RevenueS$'000 | 624,364 | 820,244 | 896,286 | 621,606 | 432,503 | PDF p. 7 |
| EBITDAS$'000 | 95,845 | 90,271 | 133,558 | 91,291 | 56,094 | PDF p. 7 |
| Profit before taxS$'000 | 84,962 | 80,730 | 123,733 | 81,057 | 47,762 | PDF p. 7 |
| Net profitS$'000 | 74,380 | 67,187 | 100,012 | 70,528 | 40,171 | PDF p. 7 |
| Net cash from operating activitiesS$'000 | 41,897 | 106,425 | 83,520 | 113,297 | 38,480 | PDF p. 7 |
| Free cash flowS$'000 | 37,108 | 104,005 | 79,256 | 109,908 | 36,735 | PDF p. 7 |
| At year end | ||||||
| Cash and cash equivalentsS$'000 | 201,512 | 195,963 | 231,442 | 292,082 | 123,336 | PDF p. 7 |
| Short-term investmentsS$'000 | - | 30,262 | 40,580 | 19,178 | 146,249 | PDF p. 7 |
| Net current assetsS$'000 | 271,271 | 264,352 | 324,301 | 313,151 | 275,529 | PDF p. 7 |
| Total assetsS$'000 | 518,201 | 541,393 | 597,275 | 471,211 | 428,323 | PDF p. 7 |
| Total borrowingsS$'000 | 18,033 | 8,452 | 22,205 | 17,132 | 13,131 | PDF p. 7 |
| Total liabilitiesS$'000 | 225,233 | 257,390 | 252,332 | 132,118 | 136,696 | PDF p. 7 |
| Shareholders' equityS$'000 | 292,968 | 284,003 | 344,943 | 339,093 | 291,627 | PDF p. 7 |
| Net cash*S$'000 | 183,479 | 217,773 | 249,817 | 294,128 | 256,454 | PDF p. 7 |
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Original report: PDF p. 7 ↗
Page 7 footnote: “* Net cash is calculated as cash and cash equivalents and short-term investments less borrowings and lease liabilities.”
Key Financial Ratios
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Key Financial Ratios | ||||||
| Net profit margin (%)% | 11.9 | 8.2 | 11.2 | 11.3 | 9.3 | PDF p. 7 |
| Return on shareholders’ equity (%)% | 25.4 | 23.7 | 29.0 | 20.8 | 13.8 | PDF p. 7 |
| Return on total assets (%)% | 14.4 | 12.4 | 16.7 | 15.0 | 9.4 | PDF p. 7 |
| Current ratio (times)times | 2.23 | 2.05 | 2.43 | 3.67 | 3.21 | PDF p. 7 |
| Quick ratio (times)times | 1.94 | 1.71 | 2.10 | 3.39 | 2.97 | PDF p. 7 |
| Gross debt to equity (times)times | 0.06 | 0.03 | 0.06 | 0.05 | 0.05 | PDF p. 7 |
| Inventory turnover (days)days | 65 | 59 | 64 | 57 | 79 | PDF p. 7 |
| Account receivable turnover (days)days | 80 | 87 | 84 | 85 | 78 | PDF p. 7 |
| Account payable turnover (days)days | 100 | 113 | 110 | 118 | 102 | PDF p. 7 |
| Working capital cycle (days)days | 45 | 33 | 38 | 24 | 55 | PDF p. 7 |
| Dividend payout (%)% | 51.9 | 51.7 | 61.7 | 164.1 | 230.6 | PDF p. 7 |
| Dividend cover (times)times | 2.0 | 1.9 | 1.6 | 1.1 | 1.3 | PDF p. 7 |
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Definitions & sources
Original report: PDF p. 7 ↗
Five-year per-share information
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Per share information | ||||||
| Basic earnings per shareSingapore cents | 10.00 | 8.70 | 12.96 | 9.14 | 5.20 | PDF p. 7 |
| Diluted earnings per shareSingapore cents | 10.00 | 8.68 | 12.96 | 9.13 | 5.20 | PDF p. 7 |
| Net asset value per shareSingapore cents | 38.00 | 37.00 | 45.00 | 44.00 | 38.00 | PDF p. 7 |
| Interim dividend per shareSingapore cents | - | 3.0 | 3.0 | 5.0 | 1.0 | PDF p. 7 |
| Final ordinary dividend per shareSingapore cents | 5.0 | 1.5 | 5.0 | 3.0 | 3.0 | PDF p. 7 |
| Special dividend per shareSingapore cents | - | - | - | 7.0 | 8.0 | PDF p. 7 |
| Total dividend per shareSingapore cents | 5.0 | 4.5 | 8.0 | 15.0 | 12.0 | PDF p. 7 |
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Definitions & sources
Original report: PDF p. 7 ↗
Where the money comes from
Segment information
By business
Segment reporting – FY2025 revenue, results and non-cash items by business segment 12 lines
| Item / unit | 2025Distribution and trading | 2025Manufacturing | 2025Others | 2025Eliminations | 2025Total | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue from external customers$’000 | 431,617 | 886 | – | – | 432,503 | PDF p. 126 |
| Inter-segment revenue$’000 | 11,103 | 429,578 | – | (440,681) | – | PDF p. 126 |
| Total revenue$’000 | 442,720 | 430,464 | – | (440,681) | 432,503 | PDF p. 126 |
| Results | ||||||
| Segment results$’000 | 38,634 | 2,260 | 106,876 | (99,248) | 48,522 | PDF p. 126 |
| Finance costs$’000 | (145) | (604) | (2,193) | 2,182 | (760) | PDF p. 126 |
| Profit before income tax$’000 | 38,489 | 1,656 | 104,683 | (97,066) | 47,762 | PDF p. 126 |
| Significant non-cash items | ||||||
| Depreciation expenses$’000 | 1,359 | 6,843 | 74 | (704) | 7,572 | PDF p. 126 |
| Gain on disposal of plant and equipment$’000 | – | (275) | (5,390) | 1,938 | (3,727) | PDF p. 126 |
| Fair value gain on derivative financial instruments$’000 | – | – | (852) | – | (852) | PDF p. 126 |
| Reversal of loss allowance for trade receivables$’000 | (387) | – | – | – | (387) | PDF p. 126 |
| Net unrealised foreign exchange loss$’000 | (672) | 3,154 | 308 | (10) | 2,780 | PDF p. 126 |
| Other items of income and expense | ||||||
| Interest income$’000 | 2,597 | 366 | 5,793 | (2,189) | 6,567 | PDF p. 126 |
Notes
Segment reporting Note 33 (continued). Units $’000. 'Others' includes minor trading and investment holding activities not in reportable segments. Income tax expense and profit for the period are shown only in the Total column.
Segment reporting – FY2024 revenue, results and non-cash items by business segment 12 lines
| Item / unit | 2024Distribution and trading | 2024Manufacturing | 2024Others | 2024Eliminations | 2024Total | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue from external customers$’000 | 620,126 | 1,480 | – | – | 621,606 | PDF p. 127 |
| Inter-segment revenue$’000 | 131,238 | 631,286 | – | (762,524) | – | PDF p. 127 |
| Total revenue$’000 | 751,364 | 632,766 | – | (762,524) | 621,606 | PDF p. 127 |
| Results | ||||||
| Segment results$’000 | 162,857 | 9,938 | 117,616 | (208,407) | 82,004 | PDF p. 127 |
| Finance costs$’000 | (148) | (710) | (143) | 54 | (947) | PDF p. 127 |
| Profit before income tax$’000 | 162,709 | 9,228 | 117,473 | (208,353) | 81,057 | PDF p. 127 |
| Significant non-cash items | ||||||
| Depreciation expenses$’000 | 1,370 | 8,680 | 78 | (841) | 9,287 | PDF p. 127 |
| Gain on disposal of plant and equipment$’000 | (128) | (586) | – | 521 | (193) | PDF p. 127 |
| Fair value gain on derivative financial instruments$’000 | – | – | (3,238) | – | (3,238) | PDF p. 127 |
| Reversal of loss allowance for trade receivables$’000 | (2,892) | – | – | – | (2,892) | PDF p. 127 |
| Net unrealised foreign exchange gain$’000 | (1,062) | (3,239) | (396) | (26) | (4,723) | PDF p. 127 |
| Other items of income and expense | ||||||
| Interest income$’000 | 575 | 560 | 8,540 | (53) | 9,622 | PDF p. 127 |
Notes
Units $’000. Income tax expense and profit for the period are shown only in the Total column.
Segment reporting – segment assets, liabilities and PPE additions at 31 December 2025 3 lines
| Item / unit | 2025Distribution and trading | 2025Manufacturing | 2025Others* | 2025Eliminations | 2025Total | Source |
|---|---|---|---|---|---|---|
| Total segment assets | ||||||
| Total segment assets** – 31 December 2025$’000 | 186,686 | 230,241 | 342,655 | (331,616) | 427,966 | PDF p. 128 |
| Included in the segment assets | ||||||
| Addition: Property, plant and equipment (2025)$’000 | 158 | 1,587 | – | – | 1,745 | PDF p. 128 |
| Total segment liabilities | ||||||
| Total segment liabilities*** – 31 December 2025$’000 | 134,882 | 143,005 | 25,341 | (182,543) | 120,685 | PDF p. 128 |
Notes
* All assets and liabilities are allocated to reportable segments, except for certain assets and liabilities included as “Others” comprised: (1) Assets – Investments in subsidiaries, other receivables, derivative financial instruments and cash and cash equivalents; and (2) Liabilities – Other payables from subsidiaries, lease liabilities, derivative financial instruments and provision for retirement benefit
** Total segment assets exclude deferred tax assets.
*** Total segment liabilities exclude current income tax payables and deferred tax liabilities.
Addition of property, plant and equipment is printed under 'Included in the segment assets'. Row values in this table are as at 31 December 2025.
Segment reporting – segment assets, liabilities and PPE additions at 31 December 2024 3 lines
| Item / unit | 2024Distribution and trading | 2024Manufacturing | 2024Others* | 2024Eliminations | 2024Total | Source |
|---|---|---|---|---|---|---|
| Total segment assets | ||||||
| Total segment assets** – 31 December 2024$’000 | 244,882 | 229,766 | 382,470 | (386,457) | 470,661 | PDF p. 128 |
| Included in the segment assets | ||||||
| Addition: Property, plant and equipment (2024)$’000 | 903 | 2,807 | – | (20) | 3,690 | PDF p. 128 |
| Total segment liabilities | ||||||
| Total segment liabilities*** – 31 December 2024$’000 | 131,169 | 135,369 | 81,405 | (234,708) | 113,235 | PDF p. 128 |
Notes
* All assets and liabilities are allocated to reportable segments, except for certain assets and liabilities included as “Others” (investments in subsidiaries, other receivables, derivative financial instruments, cash; liabilities: other payables from subsidiaries, lease liabilities, derivative financial instruments, provision for retirement benefit).
** Total segment assets exclude deferred tax assets.
*** Total segment liabilities exclude current income tax payables and deferred tax liabilities.
By geography
Location of non-current assets at 31 December 2025 1 lines
| Item / unit | 2025Hong Kong | 2025Singapore | 2025China | 2025Malaysia | 2025Consolidated | Source |
|---|---|---|---|---|---|---|
| Location of non-current assets | ||||||
| 31 December 2025$’000 | 253 | 2,311 | 2,278 | 22,712 | 27,554 | PDF p. 128 |
Notes
Non-current assets excluded deferred tax assets.
Location of non-current assets at 31 December 2024 1 lines
| Item / unit | 2024Hong Kong | 2024Singapore | 2024China | 2024Malaysia | 2024Consolidated | Source |
|---|---|---|---|---|---|---|
| Location of non-current assets | ||||||
| 31 December 2024$’000 | 448 | 2,309 | 6,317 | 31,191 | 40,265 | PDF p. 128 |
Notes
Non-current assets excluded deferred tax assets.
Revenue – Group revenue by primary geographical markets and product types 11 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Primary geographical markets | |||
| North America$’000 | 319,132 | 491,150 | PDF p. 119 |
| China$’000 | 5,304 | 9,890 | PDF p. 119 |
| Europe$’000 | 83,426 | 96,417 | PDF p. 119 |
| Singapore$’000 | 4,311 | 2,502 | PDF p. 119 |
| ASEAN(1)$’000 | 13,029 | 10,745 | PDF p. 119 |
| Oceania$’000 | 2,892 | 8,768 | PDF p. 119 |
| Others$’000 | 4,409 | 2,134 | PDF p. 119 |
| Total (primary geographical markets)$’000 | 432,503 | 621,606 | PDF p. 119 |
| Product types | |||
| IoT devices and Datacom products$’000 | 427,957 | 618,287 | PDF p. 119 |
| LED lighting products$’000 | 4,322 | 3,013 | PDF p. 119 |
| Others(2)$’000 | 224 | 306 | PDF p. 119 |
Notes
(1) ASEAN, excluding Singapore.
(2) Others refer to other electrical products.
Segment note 33 refers to Note 23 for geographical and product revenue. All revenue is recognised at a point in time.
Debt
Borrowings
Borrowing notes 2 tables
Borrowings
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Secured | |||
| Term loans$'000 | 9,797 | 14,289 | PDF p. 112 |
| Repayable | |||
| On demand or within one financial year$'000 | 2,262 | 3,371 | PDF p. 112 |
| Within two to five financial years$'000 | 7,535 | 10,918 | PDF p. 112 |
Notes
The borrowings are repayable as follows. Fair value of non-current borrowings approximates carrying amount (level 3). The bank facilities are secured by a corporate guarantee from the Company.
Largest term loan: RM50,000,000 (approx. $14,932,000) loan in Malaysian ringgit, average effective interest rate approx. 5.14% per annum, repayable in 19 equal quarterly instalments until December 2027, balance in March 2028; outstanding $9,797,000 (2024: $11,733,000).
SGD $5,000,000 term loan ~3% (2024: 3%), fully repaid in 2025 (2024 outstanding $797,000). RM12,600,000 loan ($4,144,000) ~4.7%, repaid on sale of property (2024 outstanding $1,759,000).
Trade finance facilities $119,505,000 (2024: $126,015,000), none drawn. Other undrawn facilities $8,054,000 (2024: $8,365,000).
Financial Highlights - Total borrowings
| Item / unit | 2021S$'000 | 2022S$'000 | 2023S$'000 | 2024S$'000 | 2025S$'000 | Source |
|---|---|---|---|---|---|---|
| AT YEAR END (S$'000) | ||||||
| Total borrowingsS$'000 | 18,033 | 8,452 | 22,205 | 17,132 | 13,131 | PDF p. 7 |
| KEY FINANCIAL RATIOS | ||||||
| Gross debt to equity (times)times | 0.06 | 0.03 | 0.06 | 0.05 | 0.05 | PDF p. 7 |
Notes
Net cash is calculated as cash and cash equivalents and short-term investments less borrowings and lease liabilities.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company does not have a fixed dividend policy at present. The Directors may, at their discretion and upon consideration of factors including, but not limited to, the level of the Company’s cash and reserves, the Group’s actual and projected financial performance, the projected levels of capital expenditure, working capital requirements and investment plans, financial, regulatory or general economic conditions, recommend the declaration and payment of dividends. | Company | PDF p. 54 |
| Aztech Scrip Dividend Scheme | The Company announced its adoption of the Aztech Scrip Dividend Scheme on 30 March 2021. | Company · As at 2021-03-30 | PDF p. 55 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| interim dividend | $0.01 | FY2025, paid | PDF p. 124 |
| Interim Dividend of 1 Singapore Cent a share declared for 1H 2025 | Record date 29 July; Payment date 6 August | FY2025 interim | PDF p. 23 |
| final one-tier tax-exempt dividend | $0.03 | FY2025, proposed | PDF p. 124 |
| special one-tier tax-exempt dividend | $0.08 | FY2025, proposed | PDF p. 124 |
| Proposed Final Ordinary and Special Dividends of 3 and 8 Singapore Cents a share for FY2025 respectively17 | Record Date 23 April; Payment Date 30 April | FY2025 proposed final and special | PDF p. 23 |
| Total dividend per share | 12.0 Singapore cents per share | FY2025 (interim 1.0 + proposed final 3.0 + proposed special 8.0) | PDF p. 7 |
| final dividend | $0.03 | FY2024 comparative, paid 29 April 2025 | PDF p. 124 |
| special dividend | $0.07 | FY2024 comparative, paid 29 April 2025 | PDF p. 124 |
| interim dividend | $0.05 | FY2024 comparative, paid 16 August 2024 | PDF p. 124 |
| Total dividend per share | 15.0 Singapore cents per share | FY2024 comparative (interim 5.0 + final 3.0 + special 7.0) | PDF p. 7 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| total dividend payout ratio | 230.6% | FY2025, % of Group NPAT | PDF p. 54 |
| Dividend payout (%) | 164.1% | FY2024 comparative | PDF p. 7 |
Extracted from Aztech Global Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | BDO LLP | Group | PDF p. 83 |
| Engagement partner | Ng Kian Hui | Group | PDF p. 83 |
Extracted from Aztech Global Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Aztech Global Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Amounts are Singapore dollars in thousands except per-share figures in Singapore cents and ratios in their stated units. Group and Company scopes are separately identified. Original dashes and parentheses are retained.
Five-year figures are the comparisons disclosed in this 2025 annual report; full historical original-report backfill remains incomplete.
FY2025 final dividend of 3.0 cents and special dividend of 8.0 cents were proposed and subject to shareholder approval. The 12.0-cent total includes the 1.0-cent interim dividend.
Equity changes are split into 2025 and 2024 blocks with the original equity components. Physical PDF pages are used for source links.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.