Globetronics Technology Bhd (“GTB” or the “Group”) announced its Q5 FY2024 financial results for the quarter ended 31 March 2025. The Group recorded RM25.0 million in revenue, a 6.0% increase from RM23.6 million in Q4 FY2024, due to higher volume loadings from key customers.
Profit Before Tax (PBT) fell to RM0.4 million from RM6.4 million in the previous quarter, primarily because of a RM0.5 million forex loss, compared to a RM6.2 million gain previously.
GTB’s net assets per share were stable at RM0.46, with RM127.2 million in cash and cash equivalents. The Group invested RM36.7 million in property, plant, and equipment during the quarter.
The Management of GTB commented, “While the current quarter saw improved volume loadings, foreign exchange fluctuations impacted our bottom line. Nevertheless, our strong fundamentals and prudent cost management provide us with a solid foundation to navigate the ongoing industry volatility. We remain committed to enhancing operational efficiency and unlocking new growth opportunities.”
The Group is cautiously optimistic about its 2025 prospects, focusing on innovation, operational excellence, and strategic collaborations to navigate the semiconductor landscape.
Comparative year-on-year figures are unavailable as GTB’s financial year end changed from 31 March 2025 to 30 June 2025.