ASTI swings back to profit in 2025, EPS turns positive after prior-year loss

Revenue up 11.8% in FY2025 as margin expansion supports profit recovery to $1.1m.

ASTI Holdings Limited reported profit attributable to owners of the Company rose 104.5% year on year (YoY) at $1.1m in financial year (FY) 2025, reversing a loss of $24.5m in FY2024 and a loss of $3.5m in FY2023.

Earnings per share (EPS) improved to 0.17 cents in FY2025, compared with a loss of 3.74 cents in FY2024 and a loss of 0.54 cents in FY2023, according to the company financial report.

Revenue for the investment holding company specialising in back-end semiconductor manufacturing services rose 11.8% YoY to $36.9m in FY2025, from $33.0m in FY2024 driven by higher customer orders, according to the report.

Gross profit margin expanded to 26.9% in FY2025, up 15.4 percentage points from 11.5% in FY2024, reflecting the combined effect of higher revenue and reduced direct fixed costs said the company.

Profit before tax increased to $2.2m in FY2025, compared with a loss of $24.3m in FY2024 and a loss of $2.9m in FY2023 whilst EBITDA rose to $7.7m in FY2025, up from $1.5m in FY2024 and $7.4m in FY2023.

Total assets declined to $45.1m in FY2025, from $51.9m in FY2024 and $65.0m in FY2023 whilst total equity stood at $33.5m in FY2025, compared with $33.7m in FY2024 and $36.2m in FY2023.

Net asset value per share was 5.11 cents in FY2025, compared with 5.15 cents in FY2024 and 5.52 cents in FY2023.

Cash and cash equivalents stood at $16.5m at end-FY2025 which the company said gives it the ability to reinvest in capacity expansion, automation, and productivity enhancements without recourse to bank borrowings, according to the report.