Interim report
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1 Interim Financial Information As at and for the Half Year Ended 30 June 2026 AZTECH GLOBAL LTD. Incorporated in the Republic of Singapore Company Registration Number - 200909384G
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2 INTERIM FINANCIAL INFORMATION AS AT AND FOR THE HALF YEAR ENDED 30 JUNE 2026 Condensed interim statements of financial position as at 30 June 2026 Note Group Company 30.06.2026 31.12.2025 30.06.2026 31.12.2025 $'000 $'000 $'000 $'000 ASSETS Current assets Cash and cash equivalents 58,967 123,336 42,663 98,644 Trade receivables 3 73,977 90,082 - - Other receivables 4 1,447 7,929 636 11,088 Other investments 5 145,755 146,249 145,755 146,249 Prepayments 1,393 1,445 15 65 Inventories 6 46,471 30,005 - - Total current assets excluding non- current assets classified as held for sale 328,010 399,046 189,069 256,046 Non-current assets classified as held for sale 7 - 1,366 - - Total current assets 328,010 400,412 189,069 256,046 Non-current assets Other receivables 4 2,900 - - - Investment in subsidiaries - - 78,866 78,866 Property, plant and equipment 8 26,272 27,554 - - Deferred tax assets 492 357 36 79 Total non-current assets 29,664 27,911 78,902 78,945 Total assets 357,674 428,323 267,971 334,991 LIABILITIES AND EQUITY Current liabilities Borrowings 9 2,266 2,262 - - Lease liabilities 1,832 1,907 213 464 Trade payables 10 84,958 80,158 - - Other payables 11 24,392 26,371 40,430 22,418 Provision for retirement benefit 709 709 709 709 Current income tax payable 11,503 13,476 439 622 Total current liabilities 125,660 124,883 41,791 24,213 Non-current liabilities Borrowings 9 6,448 7,535 - - Lease liabilities 3,624 1,427 - - Provision for retirement benefit 316 316 316 316 Deferred tax liabilities 2,677 2,535 36 79 Total non-current liabilities 13,065 11,813 352 395
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3 INTERIM FINANCIAL INFORMATION AS AT AND FOR THE HALF YEAR ENDED 30 JUNE 2026 Condensed interim statements of financial position as at 30 June 2026 (Continued) Note Group Company 30.06.2026 31.12.2025 30.06.2026 31.12.2025 $'000 $'000 $'000 $'000 Capital and reserves Share capital 12 206,166 206,166 206,166 206,166 Treasury shares (1,992) (1,992) (1,992) (1,992) Capital reserve (4,672) (4,672) 11,649 11,649 Foreign currency translation account (17,726) (20,538) - - Share options reserve 884 844 884 844 Statutory reserve 14,755 14,755 - - Retained profits 21,534 97,064 9,121 93,716 Total equity 218,949 291,627 225,828 310,383 Total liabilities and equity 357,674 428,323 267,971 334,991
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4 Condensed interim consolidated statement of comprehensive income for the half year ended 30 June 2026 Note Group 6 months ended 30 June increase/ (decrease) 2026 2025 $'000 $'000 % Revenue 13 151,360 185,415 (18.4) Other income 14 85 129 (34.1) Changes in finished goods, work in progress and raw materials used (114,940) (141,157) (18.6) Employee benefits expense 15 (19,149) (19,779) (3.2) Depreciation expense (2,195) (4,042) (45.7) Other operating expense (4,330) (5,540) (21.8) Reversal of allowance for trade receivables (108) 434 (124.9) Interest income 16 1,538 4,523 (66.0) Other gains and losses 17 106 (664) (116.0) Finance costs (359) (394) (8.9) Profit before income tax 12,008 18,925 (36.5) Income tax expense 18 (2,641) (2,847) (7.2) Profit for the period 9,367 16,078 (41.7) 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 period, net of tax 2,812 (4,738) n.m. Total comprehensive income for the financial period 12,179 11,340 7.4 Profit attributable to owners of the parent 9,367 16,078 (41.7) Total comprehensive income attributable to owners of the parent 12,179 11,340 7.4 Earnings per share Basic and diluted* (Cents) 1.21 2.08 *Basic and diluted EPS for 1st half 2026 and 1st half 2025 has been computed based on the profit attributable to equity holders of our Company divided by weighted average of ordinary share in issue of 771, 793,545 shares ( 1st half 2025: 771,793,545) and 771,793,545 shares (1st half 2025: 771,793,545), respectively.
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5 Condensed interim statements of changes in equity for the half year ended 30 June 2026 Share capital Treasury share Capital reserve Foreign currency translation account Share options reserve Statutory reserve Retained profits Total equity $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group Balance as at 1.1.2026 206,166 (1,992) (4,672) (20,538) 844 14,755 97,064 291,627 Total comprehensive income for the period Profit for the period - - - - - - 9,367 9,367 Other comprehensive income for the period - - - 2,812 - - - 2,812 Total - - - 2,812 - - 9,367 12,179 Transactions recognised directly in equity Dividend - - - - - - (84,897) (84,897) Share option expense - - - - 40 - - 40 - - - - 40 - (84,897) (84,857) Balance as at 30.6.2026 206,166 (1,992) (4,672) (17,726) 884 14,755 21,534 218,949 Balance as at 1.1.2025 206,166 (1,992) (4,670) (17,652) 696 14,755 141,790 339,093 Total comprehensive income for the period Profit for the period - - - - - - 16,078 16,078 Other comprehensive income for the period - - - (4,738) - - - (4,738) Total - - - (4,738) - - 16,078 11,340 Transactions recognised directly in equity Dividend - - - - - - (77,179) (77,179) Share option expense - - - - 61 - - 61 Reversal of capital reserve - - (2) - - - - (2) - - (2) - 61 - (77,179) (77,120) Balance as at 30.6.2025 206,166 (1,992) (4,672) (22,390) 757 14,755 80,689 273,313
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6 Condensed interim statements of changes in equity for the half year ended 30 June 2026 (Continued) Share capital Treasury share Capital reserve Share options reserve Retained profits Total equity $’000 $’000 $’000 $’000 $’000 $’000 Company Balance as at 1.1.2026 206,166 (1,992) 11,649 844 93,716 310,383 Profit representing total comprehensive income for the period - - - - 302 302 Transactions with owners, recognised directly in equity Dividend - - - - (84,897) (84,897) Share option expense - - - 40 - 40 - - - 40 (84,897) (84,857) Balance as at 30.6.2026 206,166 (1,992) 11,649 884 9,121 225,828 Balance as at 1.1.2025 206,166 (1,992) 11,651 696 80,056 296,577 Profit representing total comprehensive income for the period - - - - 9,757 9,757 Transactions with owners, recognised directly in equity Dividend - - - - (77,179) (77,179) Share option expense - - - 61 - 61 Reversal of capital reserve - - (2) - - (2) - - (2) 61 (77,179) (77,120) Balance as at 30.6.2025 206,166 (1,992) 11,649 757 12,634 229,214
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7 Condensed interim consolidated statement of cash flows for the half year ended 30 June 2026 Group 6 months ended 30 June 2026 2025 $'000 $'000 Operating activities Profit before income tax 12,008 18,925 Adjustments for: Depreciation of property, plant and equipment 2,195 4,042 Interest expense 359 394 Interest income (1,538) (4,523) Provision/(reversal) of allowance for trade receivables 108 (434) Fair value gain on derivative financial instruments (154) (363) Fair value gain on investments (164) (186) Net unrealised foreign exchange loss 2,248 1,069 Plant and equipment written off 2 74 Gain on disposal of property, plant and equipment (2,941) - Share option expense 40 61 Reversal of inventories obsolescence - (295) Operating cash flows before movements in working capital 12,163 18,764 Trade receivables 16,520 (50,637) Other receivables (2) 140 Derivative financial instruments 154 363 Prepayments 62 (2,696) Inventories (16,295) (28,835) Trade payables 4,207 49,760 Other payables 1,387 8,353 Cash from/(used in) operations 18,196 (4,788) Income tax paid (4,606) (3,605) Interest paid (359) (394) Net cash from/(used in) operating activities 13,231 (8,787) Investing activities Purchase of plant and equipment (309) (712) Proceeds on disposal of property, plant and equipment 7,320 - (Placement)/proceeds from changes in short-term investments, net (6,765) 19,364 Proceeds from changes in/(placement of) term deposits, net 7,517 (51,717) Interest received 1,538 4,523 Net cash from/(used in) investing activities 9,301 (28,542) Financing activities Repayment of obligations under lease liabilities (1,111) (1,060) Proceeds from bank borrowings 232 288 Repayment of bank borrowings (1,367) (2,073) Dividends paid (84,897) (77,179) Net cash used in financing activities (87,143) (80,024)
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8 Condensed interim consolidated statement of cash flows for the half year ended 3 0 June 2026 (Continued) Group 6 months ended 30 June 2026 2025 $'000 $'000 Net change in cash and cash equivalents (64,611) (117,353) Effects of exchange rate changes on the balance of cash held in foreign currencies 242 1,560 Cash and cash equivalents at beginning of the period 123,336 292,082 Cash and cash equivalents at end of the period (Note i) 58,967 176,289 (i) Cash and Cash equivalents comprise: Group As at 30 June 2026 As at 30 June 2025 $'000 $'000 Cash in bank 13,206 27,112 Fixed deposits 45,761 149,177 Cash and cash equivalents at end of the period 58,967 176,289
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9 Notes to the condensed interim consolidated financial statements 1. General corporate information Aztech Global Ltd (the “Company”) is incorporated and domiciled in Singapore and whose shares are publicly traded on the Mainboard of Singapore Exchange. These condensed unaudited interim consolidated financial statements for the six months ended 3 0 June 2026 comprised the Company and its subsidiaries (the “Group”). The primary activity of the Company is investment holding. The principal activities of the Group are manufacturing, marketing and sale of electronics products. 2. Basis of Preparation The condensed interim financial statements for the six months ended 30 June 2026 have been prepared in accordance with SFRS(I) 1 -34 interim Financial Reporting . The condensed interim financial statements do not include all the information required for a complete set of financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group’s financial position and performance of the Group since the last audited financial statements for the financial year ended 31 December 2025. The accounting policies adopted are consistent with those of the previous financial year which were prepared in accordance with SFRS(I)s, except for the adoption of new and amended standards as set out in Note 2.1. The condensed interim financial statements are presented in Singapore dollar which is the Company’s functional currency. 2.1. New and amended standards adopted by the Group During the current financial period, the Group and the Company have adopted the amendments to SFRS(I)s which took effect from financial year beginning 1 January 202 6. The adoption of the se amendments to SFRS(I)s is assessed to have no material financial effect on the results and financial position of the Group and of the Company for the financial year ending 31 December 2026. Accordingly, it has no material impact on the earnings per share of the Group and of the Company.
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10 2.2. Use of judgements and estimates In preparing the condensed interim financial statements, management has made judgements, estimates and assumption of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual result may differ from these estimates. The significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated audited financial statements as at and for the financial year ended 31 December 2025. Estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. 3. Trade receivables Group 30.6.2026 31.12.2025 $’000 $’000 Third parties 79,856 95,913 Less: Loss allowance (5,879) (5,831) 73,977 90,082 Trade receivables are non-interest bearing and generally on 30 to 90 days credit terms. Movements in the loss allowance for trade receivables: Group 30.6.2026 31.12.2025 $’000 $’000 Balance as at beginning of the financial period/year 5,831 6,528 Provision/(reversal) of loss allowance made 108 (387) Exchange difference (60) (310) Balance as at end of the financial period/year 5,879 5,831 Trade receivables were $ 74.0 million as at 30 June 2026, a decrease of $ 16.1 million (17.9%) from $90.1 million as at 31 December 202 5, mainly due to lower revenue of $86.7 million recognised in 2nd quarter 2026 (4th quarter 2025: $113.6 million).
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11 3. Trade receivables (Continued) Expected credit loss (ECL) assessment The Group applies the simplified approach, using a provision matrix, to measure the expected credit losses for trade receivables. To measure expected credit losses on a collective basis, trade receivables are grouped based on similar credit risk and ag eing. The expected loss rates are based on the Group’s historical credit losses experienced and then adjusted for current and forward -looking information on macroeconomic factors affecting the Group’s customer. 4. Other receivables Group Company 30.6.2026 31.12.2025 30.6.2026 31.12.2025 $’000 $’000 $’000 $’000 Current Other receivables - Non-related parties1 194 6,360 - - - Subsidiaries - - - 10,053 Interest receivables 388 546 388 546 Value added tax receivable 406 551 24 14 Deposits 459 472 11 11 Finance lease receivables2 - - 213 464 1,447 7,929 636 11,088 Non-current Other receivables – non-related parties1 2,900 - - - Total other receivables 4,347 7,929 636 11,088 1 Other receivables from third parties as at 30 June 2026 mainly relate to amounts receivable that will be used to offset future rental payment arising from the sale and leaseback of factory buildings and land in Dongguan, China. 2 The finance lease receivables arose from a subsidiary’s office sub-leasing arrangement.
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12 5. Other investments Group Company 30.6.2026 31.12.2025 30.6.2026 31.12.2025 $’000 $’000 $’000 $’000 Financial assets, at FVTPL (a) Treasury bills 31,208 7,906 31,208 7,906 Structured deposits (held with banks) 89,972 106,251 89,972 106,251 121,180 114,157 121,180 114,157 Financial assets, at amortised cost (b) Long-term deposits 24,575 32,092 24,575 32,092 Total other investments 145,755 146,249 145,755 146,249 (a) Financial assets at FVTPL The treasury bills were acquired at discounted price from the face value and bear no coupon. The bills mature within 6 months (2025: 3 months) from the end of financial period. Structured deposits bear interest of 1.24% to 1.45% per annum with tenure of 1 month to 9 months (2025: 1.28% to 1.56% per annum with tenure of 1 month to 6 months). The Group and the Company classified the treasury bills and structured deposits that are held for trading as financial assets at fair value through profit or loss. Movement in fair values and interest income is recognised in profit or loss in the period in which it arises and presented in “Other gains and losses”. (b) Financial assets at amortised cost Long-term deposits bear interest of 1. 23% to 1.40% per annum with tenure of 6 months (2025: 1.44% to 1.82% per annum with tenure of 104 days to 9 months). 6. Inventories Group 30.6.2026 31.12.2025 $’000 $’000 Finished goods 7,376 2,507 Work-in-progress (“WIP”) 10,747 5,659 Raw materials 28,348 21,839 46,471 30,005 The Group secured the key components to meet production requirements for the 2 nd half of 2026.
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13 7. Non-current assets classified as held for sale During the previous financial year, the Group entered into a sales and partial leaseback agreement for the sale of factory buildings and land located in Dongguan, China with carrying amount of approximately $1,366,000 as at 31 December 2025. The Group rece ived deposit of approximately $3,290,000 as at 31 December 2025 (Note 11). The sale was completed in January 2026. 8. Property, plant and equipment During the six months ended 3 0 June 2026, the Group acquired assets amounting to $ 1,021,000 (30 June 2025: $712,000), including right-of-use assets of $712,000 (30 June 2025: nil). 9. Borrowings Group 30.6.2026 31.12.2025 $'000 $'000 Amount repayable within one year or on demand Secured -Term loans 2,266 2,262 Amount repayable after one year Secured - term loans 6,448 7,535 Total borrowings 8,714 9,797 10. Trade payables Group 30.6.2026 31.12.2025 $’000 $’000 Third parties 84,958 80,158 Trade payables increased by 6.0% from $80.2 million as at 31 December 2025 to 85.0 million as at 30 June 2026 mainly due to the Group securing key components in advance to meet its production requirements for 2nd half of 2026.
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14 11. Other payables Group Company 30.6.2026 31.12.2025 30.6.2026 31.12.2025 $’000 $’000 $’000 $’000 Other payables -Non-related parties 827 847 58 1 -Subsidiaries1 - - 40,127 22,147 Accrued expenses2 9,510 8,452 245 270 Employee Profit-sharing3 333 1,203 - - Customer deposit4 13,722 15,869 - - 24,392 26,371 40,430 22,418 1 The Group pooled funds in the Company for cash flow management purposes. 2 Accrued expenses relate to payroll accrual and other expenses. 3 This relates to employee profit-sharing provision for 1st half 2026. 4 Customer deposit relates to advance payment from customer s to reserve raw materials. As at 31 December 2025, it includes deposits received of $3.3 million from sale of factory and buildings and land located in Dongguan, China. 12. Share capital Group & the Company 30.6.2026 31.12.2025 No. of shares Amount No. of shares Amount ‘000 $'000 ‘000 $'000 Beginning and end of period/year 773,826 206,166 773,826 206,166 The Company holds 2,032,000 (2025: 2,032,000) treasury shares of $1, 992,000 (2025: $1,992,000) as at 30 June 202 6. There was no sale, transfer, disposal, cancellation and use of treasury shares during the financial period ended 30 June 2026. The total number of issued shares excluding treasury shares as at 30 June 2026 was 771,793,545 shares.
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15 13. Revenue HY 2026 Group 1H 2026 Distribution & trading Manufacturing Total $'000 $'000 $'000 Types of goods: Sale of goods 150,985 375 151,360 Timing of revenue recognition: At a point in time 150,985 375 151,360 Geographical information: North America 114,470 - 114,470 China 2,364 372 2,736 Europe 26,721 - 26,721 Singapore 1,625 3 1,628 ASEAN1 2,217 - 2,217 Oceania 2,580 - 2,580 Others 1,008 - 1,008 Total revenue 150,985 375 151,360 HY 2025 Group 1H 2025 Distribution & trading Manufacturing Total $'000 $'000 $'000 Types of goods: Sale of goods 185,367 48 185,415 Timing of revenue recognition: At a point in time 185,367 48 185,415 Geographical information: North America 127,526 - 127,526 China 1,242 48 1,290 Europe 46,380 - 46,380 Singapore 2,423 - 2,423 ASEAN1 5,516 - 5,516 Oceania 920 - 920 Others 1,360 - 1,360 Total revenue 185,367 48 185,415 1ASEAN, excluding Singapore
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16 14. Other income Group 1H 2026 1H 2025 $’000 $’000 Scrap sales 5 20 Government grants 13 14 Others 67 95 85 129 15. Employee benefits expense Group 1H 2026 1H 2025 $’000 $’000 Employee benefits expense Staff costs 16,969 17,657 Defined contributions plans 684 657 Share option expense 40 61 Other employee benefits 1,456 1,404 19,149 19,779 16. Interest income The decrease in interest income was primarily due to the lower interest rates . 17. Other gains and losses The increase in other gains and losses was primarily to a gain in disposal of factory buildings and land located in Dongguan, China, offset by foreign exchange loss recognised arising from the weakening of the US dollar and the strengthening of the Chinese yuan.
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17 18. Income tax expense The Group calculates the period income tax expense using the tax rate that would be applicable to the expected total annual earnings. The major components of income tax expense in the condensed unaudited interim consolidated statement of comprehensive income are: 1H 2026 1H 2025 $'000 $'000 Current income tax expense - Current financial year 2,622 2,959 - Under/(over) provision in prior financial years 12 (25) Deferred income tax - current financial year 7 (87) 2,641 2,847 19. Dividend On 30 April 2026, the Company paid a final dividend of 3 cents and a special dividend of 8 cents per ordinary share of the Company totalling $23,153,806 and $61,743,484 respectively by cash in respect of financial year ended 31 December 2025. 20. Segment information Management has determined the operating segments based on the reports reviewed by the Chief Operating Decision Maker (CODM). The Group has two reportable segments being the manufacturing segment and the distribution segment. The manufacturing segment manufactures electronic products for the Group’s customers including related companies and external customers. The distribution segment sells the electronic products to whole-sale distributors, retailers, and external customers. The “Others” segment includes the Group’s investment holding activities and other minor trading which are not included within reportable segments as they are not separately reported to the CODM and they contribute minor amounts of revenue to the Group.
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18 20. Segment and revenue information (Continued) Total segment assets* 30.6.2026 193,649 225,369 269,564 (331,400) 357,182 Total segment liabilities** 30.6.2026 132,533 133,501 41,739 (183,228) 124,545 Distribution Manufacturing Others Eliminations Total $’000 $’000 $’000 $’000 $’000 1H 2026 Revenue Revenue from external customers 150,985 375 - - 151,360 Inter-segment revenue 2,752 138,308 - (141,060) - Total revenue 153,737 138,683 - (141,060) 151,360 Results Segment results 11,985 4,532 945 (5,095) 12,367 Finance costs (36) (322) (490) 489 (359) Profit before income tax 11,949 4,210 455 (4,606) 12,008 Income tax expense (2,641) Profit for the reporting period 9,367 Significant non-cash items Depreciation expenses 679 1,589 - (73) 2,195 Loss allowance for trade receivables 108 - - - 108 Other items of income and expense Interest income 535 123 1,371 (491) 1,538 Expenditures for segment non-current assets - Additions to PPE 29 992 - - 1,021
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19 20. Segment and revenue information (Continued) Total segment assets* 30.6.2025 269,725 274,899 287,030 (372,321) 459,333 Total segment liabilities** 30.6.2025 155,011 185,377 53,737 (225,678) 168,447 *Total segment assets exclude deferred tax assets. **Total segment liabilities exclude current income tax payables and deferred tax liabilities. Distribution Manufacturing Others Eliminations Total $’000 $’000 $’000 $’000 $’000 1H 2025 Revenue Revenue from external customers 185,367 48 - - 185,415 Inter-segment revenue 6,042 197,706 - (203,748) - Total revenue 191,409 197,754 - (203,748) 185,415 Results Segment results 16,295 698 11,669 (9,343) 19,319 Finance costs (44) (309) (1,526) 1,485 (394) Profit before income tax 16,251 389 10,143 (7,858) 18,925 Income tax expense (2,847) Profit for the reporting period 16,078 Significant non-cash items Amortisation and depreciation expenses 661 3,838 40 (497) 4,042 Reversal of allowance for trade receivables (434) - - - (434) Other items of income and expense Interest income 1,823 262 3,925 (1,487) 4,523 Expenditures for segment non-current assets - Additions to PPE 141 571 - - 712
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20 20. Segment and revenue information (Continued) The Group Distribution Manufacturing Total $'000 $'000 $'000 1H 2026 Product types IoT devices and Datacom products 149,084 372 149,456 LED products 1,866 - 1,866 Others1 35 3 38 150,985 375 151,360 1H 2025 Product types IoT devices and Datacom products 183,704 48 183,752 LED products 1,548 - 1,548 Others1 115 - 115 185,367 48 185,415 1 Others refer to other electrical products.
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21 21. Financial assets and financial liabilities Group Company 30.6.2026 31.12.2025 30.6.2026 31.12.2025 $’000 $’000 $’000 $’000 Financial assets Trade receivables 73,977 90,082 - - Other receivables 4,347 7,929 636 11,088 Cash and cash equivalents 58,967 123,336 42,663 98,644 Other investments 24,575 32,092 24,575 32,092 161,866 253,439 67,874 141,824 Less: Value added tax receivables (406) (551) (24) (14) Amortised cost 161,460 252,888 67,850 141,810 Other investments, representing financial assets measured at fair value through profit or loss 121,180 114,157 121,180 114,157 Financial liabilities Trade payables 84,958 80,158 - - Other payables 24,392 26,371 40,430 22,418 Borrowings 8,714 9,797 - - Lease liabilities 5,456 3,334 213 464 123,520 119,660 40,643 22,882 Less: Customer deposits (13,722) (15,869) - - Amortised cost 109,798 103,791 40,643 22,882
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22 22. Profit before taxation a. Significant items 1H 2026 1H 2025 $’000 $’000 Amortisation and depreciation expense Depreciation of property, plant and equipment 2,195 4,042 Investment revenue Interest income (1,538) (4,523) Other operating expense Distribution costs 26 22 Other factory costs 2,288 2,569 Plant and equipment written off 2 74 Utilities costs 1,038 1,281 b. Related party transactions There are no material related party transactions. 23. Net Asset Value Group Company 30.6.2026 31.12.2025 30.6.2026 31.12.2025 $ $ $ $ Net asset value per ordinary share 0.28 0.38 0.29 0.40 For 30 June 2026 and 31 December 2025, net asset value (“ NAV”) per Share was computed based on the issued share capital of 771,793,545 Shares. 24. Subsequent events Not applicable.
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23 OTHER INFORMATION 1. Financial statements for the half year ended 30 June 2026 The condensed consolidated statement of financial position of Aztech Global Ltd. and its subsidiaries as at 30 June 2026 and the related condensed consolidated statement of comprehensive income, condensed statements of changes in equity and condensed consolidated statement of cash flows for the six-month period ended and explanatory notes have not been reviewed nor audited. 2. Review of performance of the Group For the financial period ended 30 June 2026, the Group reported revenue of $151.4 million which is a decrease of 18.4% compared with the financial period ended 3 0 June 2025. The lower revenue year -on-year was mainly due to softer customer demand in 1st half 2026. The Group registered profit before tax (“PBT”) of $12.0 million for 1st half 2026 as compared with $18.9 million for 1st half 2025. The Group recorded net profit of $9.4 million (1st half 2025: $16.1 million) with net profit margin of 6.2% (1st half 2025: 8.7%) for 1st half 2026. FINANCIAL POSITION AND CASHFLOW The Group generated operating cash flow of S$12.2 million before working capital changes in 1st half 2026. Net cash generated from operating activities amounted to $13.2 million in 1 st half 2026 (1st half 2025: used in operations amounted to $8.8 million). This improvement was primarily due to working capital changes. As at 30 June 2026, the Group’s financial position remained strong with net cash of $190.6 million (31 December 2025: $256.4 million) after the payout of $84.9 million in dividends. The equity attributable to owners of the Group was $ 218.9 million and NAV per share was $0.28 (31 December 2025: $0.38), computed based on the share capital of 771,793,545 shares. 3. Where a forecast, or a prospect statement, has been previously discussed to shareholders, any variance between it and the actual results Not applicable.
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24 4. A commentary at the date of announcement of the significant trends and competitive conditions of the industry in which the group operations and any known factors or events that may affect the Group in the next operating period and the next 12 months. The Group expects softer customer demand for the second half of 2026. While the Group maintained its NPI (New Product Introduction) pipeline, the ramp-up and revenue contribution from these projects are expected to be gradual. Contributions from these projects in the near-term will not fully offset the lower order volume from existing customers arising from increased competition. The operating environment is expected to remain challenging amid ongoing macroeconomic and geopolitical uncertainties, evolving trade dynamics, cost pressures, foreign exchange volatility and limited visibility on customer demand. The Group will continue to advance its customer and revenue diversification efforts, including opportunities in the renewable energy and MedTech segments . The Group is also focused on developing its proprietary products in the Intelligent Lighting Solutions and Vision Technology Solutions segments. The Group will maintain discipline in execution, cost management, and supply chain planning, while prioritising higher-value opportunities and maintaining the operational flexibility and agility to respond to changing market conditions. Barring unforeseen circumstances, the Group expects to remain profitable for FY2026. 5. Dividend a. Current financial Period Reported on For 1st half 2026, the Company proposed to declare the following interim dividend: Name of Dividend Interim (Declared) Dividend Type Cash Dividend Amount per Share (in cents) 0.5 per ordinary share Paid based on total number of ordinary shares 771,793,545 Tax Rate One-tier tax-exempt
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25 5. Dividend (Continued) b. Corresponding Period of the Immediately Preceding Financial Year During the preceding financial year, the Company declared interim one-tier tax-exempt dividend of 1.0 cent per ordinary share totaling $7,717,935: Name of Dividend Interim (Paid) Dividend Type Cash Dividend Amount per Share (in cents) 1.0 per ordinary share Paid based on total number of ordinary shares 771,793,545 Tax Rate One-tier tax exempt 6. If the Group has obtained a general mandate from shareholders for IPTs, the aggregate value of such transactions as required under rule 920(1)(a)(ii). If no IPT mandate has been obtained, a statement to that effect. The Group has not sought a general mandate from shareholders for Interest ed Person Transactions. 7. Confirmation that the issuer has procured undertakings from all its directors and executive officers (in the format set out in Appendix 7.7) under Rule 720(1). Pursuant to Listing Rule 720(1), the Company has procured undertakings from all its directors and executive officers in the format as set out in Appendix 7.7 of the SGX-ST Listing Manual.
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26 8. Use of IPO Proceeds Pursuant to the Listing of the Company, the Company received gross proceeds of $198.4 million from the issuance of the New Cornerstone Shares. As at the date of this announcement, the gross proceeds from the issuance of the New Cornerstone Shares have been utilised as follows: Amount allocated (as disclosed in the Prospectus) Amount utilised as at the date of this announcement Balance as at the date of this announcement ($’000) ($’000) ($’000) Expansion and enhancement of the Group’s manufacturing facilities 50,000 17,303 32,697 Expansion of the Group’s business through, inter alia, investments, mergers and acquisitions, joint ventures and/or strategic collaboration 50,000 5,857 44,143 Enhancement of the Group’s R&D capabilities 15,000 566 14,434 Increase sales and marketing channels for overseas markets expansion 10,000 1,150 8,850 Expansion of the Group’s ODM/JDM business to capitalise on opportunities in the growing IoT market 5,000 630 4,370 Working capital 58,600 58,600 - Listing expenses 9,800 9,800 - 198,400 93,906 104,494
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27 Confirmation by the Board On behalf of the Board of Directors of the Company, we, the undersigned, hereby confirm to the best of our knowledge that nothing has come to the attention of the Board of Directors of the Company which may render the financial statements for the six-month period ended 30 June 2026 to be false or misleading in any material aspect. On behalf of the Board of Directors Michael Mun Hong Yew Jeremy Mun Weng Hung Director Director Singapore Date: 28 July 2026