Globetronics Technology Bhd (“GTB” or the “Group”), an established player in the Outsourced Semiconductor Assembly and Test (“OSAT”) and semiconductor industry, today announced its unaudited financial results for the second quarter ended 31 December 2025 (“Q2 FY2026”) with revenue of RM21.1 million and gross profit improved to RM4.3 million from RM3.6 million previously, supported by cost savings in semi-variable expenses, including direct labour, utilities, and repair and maintenance.
Despite the improved gross margin, the Group reported a loss after tax (“LAT”) of RM12.5 million for Q2 FY2026 compared to a loss of RM3.0 million in Q1 FY2026. The higher loss was primarily attributable to increased administrative expenses, including RM7.1 million in fair value expense arising from the issuance of ESOS shares in October 2025, as well as professional fees related to the Annual Report and AGM preparations. Additionally, the Group recorded fair value losses on other investments, contributing to a total comprehensive loss of RM33.9 million for the quarter.
On a cumulative six-month basis, revenue stood at RM42.6 million, representing a 16% decline from RM50.8 million in the corresponding period last year, mainly due to reduced sales contributions from one of the Group’s key customers. Gross profit for the period was RM7.9 million. The Group recorded a loss after tax of RM15.4 million for the six-month period, reflecting lower industry loadings, ESOS-related expenses and the share of losses from the Group’s associate.
As at 31 December 2025, the Group maintained a solid balance sheet, with total assets of RM311.7 million and shareholders’ equity of RM285.5 million. During the period, the Group invested RM45.0 million in Greentronics Sdn Bhd, which is now accounted for as an associate, and deployed RM40.0 million into other investments. Capital expenditure of approximately RM7.4 million was also incurred to support ongoing operational and technology requirements, including investments related to the ChipMOS collaboration.
The Management of GTB said, “The current quarter reflects a combination of softer customer loadings and non-recurring accounting adjustments, particularly the ESOS fair value expense and mark-to-market investment movements. Operationally, we continue to see stabilisation in cost structure and manufacturing efficiency. Our recent strategic investments and partnerships are aligned with our long-term roadmap, and we remain focused on strengthening our technology capabilities and positioning the Group for recovery when industry volumes improve.”
Looking ahead, the semiconductor industry continues to face cyclical headwinds and macroeconomic uncertainties. Nevertheless, the Group remains committed to disciplined capital management, operational efficiency, and advancing its collaboration-driven growth strategy, including the ongoing projects with ChipMOS and POET Technologies. Management remains cautiously optimistic that the pipeline of new products and strategic initiatives will support performance improvement in the coming quarters, barring unforeseen circumstances.
