Despite volume-led contraction, Aztech’s profit before tax (PBT) margin improved slightly by 70 basis points (bps) y-o-y to 10.1%, reflecting enhanced product mix management and sustained cost discipline, though margins narrowed sequentially due to operating deleverage, says DBS Group Research’s Ling Lee Keng in her Oct 16 note.
Both DBS and CGS International maintain their “hold” call on Aztech Global (Aztech) following its 3QFY2025 ended Sept 30 business update.
On Oct 15, Aztech reported 3QFY2025 earnings of $10.8 million, down 21% y-o-y, on the back of a 20% y-o-y drop in revenue to $133.5 million, amid subdued end-market demand from key customers.
