ASTI swings to S$1.3m 9M FY2025 profit as gross margin rebounds and bank loans fully repaid
Summary:
-
For 9M 2025, revenue from continuing operations rose 9.2% year-on-year to S$27.0 million, lifting gross profit 1.4 times to S$7.2 million as cost of sales fell nearly 9%.
-
The group turned around from a S$4.2 million loss in 9M 2024 to a S$1.3 million profit from continuing operations, helped by higher margins, an 18% cut in administrative expenses and positive net finance income.
-
Including discontinued operations, ASTI booked S$1.3 million net profit for 9M 2025 versus a S$4.8 million loss a year earlier, with basic EPS at 0.20 cent and NAV per share at 5.03 cents as at 30 September 2025.
-
Cash and cash equivalents stood at S$16.6 million (down from S$23.0 million at end‑2024) after using operating cash and asset disposal proceeds to fully repay S$8.6 million of bank borrowings, leaving the group debt-free.
-
The 3Q 2025 announcement mainly corrects rounding for EPS figures; underlying results are unchanged and remain subject to year-end audit, with management also flagging ongoing review of past transactions under the previous board.