AZTECH GLOBAL LTD.

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Interim Financial Information

For the Second Half and Financial Year Ended 31 December 2025

Incorporated in the Republic of Singapore Company Registration Number - 200909384G

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INTERIM FINANCIAL INFORMATION

FOR THE SECOND HALF AND FINANCIAL YEAR ENDED 31 DECEMBER 2025

Condensed statements of financial position as at 31 December 2025

Note ASSETS Current assets Cash and cash equivalents Trade receivables 3 Other receivables 4 Other investments 5 Prepayments Inventories 6 Total current assets excluding non- current assets classified as held for sale Non-current assets classified as held for sale 7 Total current assets Non-current assets Other receivables 4 Prepayments Investment in subsidiaries Property, plant and equipment 8 Deferred tax assets Total non-current assets Total assets LIABILITIES AND EQUITY Current liabilities Borrowings 9 Lease liabilities Trade payables 10 Other payables 11 Provision for retirement benefit Current income tax payable Total current liabilities Non-current liabilities Borrowings 9 Lease liabilities Provision for retirement benefit Deferred tax liabilities Total non-current liabilities	Group 31.12.2025 31.12.2024 $'000 $'000 123,336 292,082 90,082 81,825 7,929 2,671 146,249 19,178 1,445 2,286 30,005 32,354 399,046 430,396 1,366 -	Company
		31.12.2025 31.12.2024 $'000 $'000 98,644 275,440 - - 11,088 1,800 146,249 19,178 65 193 - -
		256,046 296,611 - -
	400,412 430,396	256,046 296,611
	- - - 633 - - 27,554 39,632 357 550 27,911 40,815 428,323 471,211 2,262 3,371 1,907 1,987 80,158 71,839 26,371 23,276 709 689 13,476 16,083 124,883 117,245 7,535 10,918 1,427 856 316 299 2,535 2,800 11,813 14,873	- 464 - - 78,866 78,866 - - 79 161
		78,945 79,491
		334,991 376,102 - - 464 482 - - 22,418 75,874 709 689 622 1,556
		24,213 78,601
		- - - 464 316 299 79 161
		395 924

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INTERIM FINANCIAL INFORMATION

FOR THE SECOND HALF AND FINANCIAL YEAR ENDED 31 DECEMBER 2025

Condensed statements of financial position as at 31 December 2025 (Continued)

Note Capital and reserves Share capital 12 Treasury shares Capital reserve Foreign currency translation account Share options reserve Statutory reserve Retained profits Total equity Total liabilities and equity	Group 31.12.2025 31.12.2024 $'000 $'000 206,166 206,166 (1,992) (1,992) (4,672) (4,670) (20,538) (17,652) 844 696 14,755 14,755 97,064 141,790 291,627 339,093 428,323 471,211	Company
		31.12.2025 31.12.2024 $'000 $'000 206,166 206,166 (1,992) (1,992) 11,649 11,651 - - 844 696 - - 93,716 80,056
		310,383 296,577
		334,991 376,102

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Condensed consolidated statements of comprehensive income for the second half and financial year ended 31 December 2025

Note Revenue 13 Other income 14 Changes in finished goods, work in progress and raw materials used 15 Employee benefits expense 16 Depreciation expenses Other operating expenses 17 Reversal of/(loss) allowance for trade receivables Investment revenue 18 Other gains and losses 19 Finance costs Profit before income tax Income tax expense 20 Profit for the financial period/year 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/year, net of tax Total comprehensive income for the financial period/year Profit attributable to owners of the parent Total comprehensive income attributable to owners of the parent Earnings per share Basic and diluted (Cents) Diluted (Cents)	Group 6 months ended 31 December increase/ (decrease) 2025 2024 $'000 $'000 % 247,088 248,402 (0.5) 245 190 28.9 (190,412) (192,455) (1.1) (22,312) (21,777) 2.5 (3,530) (4,539) (22.2) (6,710) (8,211) (18.3) (47) 1,076 (104.4) 2,044 4,659 (56.1) 2,837 (443) (740.4) (366) (448) (18.3) 28,837 26,454 9.0 (4,744) (2,589) 83.2 24,093 23,865 1.0 1,852 (1,012) n.m. 25,945 22,853 13.5 24,093 23,865 1.0 25,945 22,853 13.5 3.12 3.10 3.12 3.09	Group Financial year ended 31 December increase/ (decrease) 2025 2024 $'000 $'000 % 432,503 621,606 (30.4) 374 452 (17.3) (331,569) (480,033) (30.9) (42,091) (50,529) (16.7) (7,572) (9,287) (18.5) (12,250) (16,615) (26.3) 387 2,892 (86.6) 6,567 9,622 (31.8) 2,173 3,896 (44.2) (760) (947) (19.7) 47,762 81,057 (41.1) (7,591) (10,529) (27.9) 40,171 70,528 (43.0) (2,886) 906 n.m. 37,285 71,434 (47.8) 40,171 70,528 (43.0) 37,285 71,434 (47.8) 5.20 9.14 5.20 9.13

Basic and diluted EPS for FY2025 and FY2024 are computed based on profit attributable to equity holders of the Company, divided by the weighted average number of issued ordinary shares of 771,793,545 (FY2024: 771,888,929) for basic EPS, and 771,793,545 (FY2024: 772,143,417) on a diluted basis, respectively.

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Condensed statements of changes in equity for the financial year ended 31 December 2025

Group Balance as at 1.1.2025 Total comprehensive income for the financial year Profit for the financial year Other comprehensive income for the financial year Total Transactions with owners, recognised directly in equity Dividend Share option expense Reversal of capital reserve Total Balance as at 31.12.2025 Balance as at 1.1.2024 Total comprehensive income for the financial year Profit for the financial year Other comprehensive income for the financial year Total Transactions with owners, recognised directly in equity Dividend Share buyback Share option expense Reclassification of retained earnings not available for dividend distribution Total Balance as at 31.12.2024*	Share capital Treasury shares Capital reserve Foreign currency translation account Share options reserve Statutory reserve Retained profits Total equity $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 206,166 (1,992) (4,670) (17,652) 696 14,755 141,790 339,093
	- - - - - - 40,171 40,171 - - - (2,886) - - - (2,886)
	- - - (2,886) - - 40,171 37,285
	- - - - - - (84,897) (84,897) - - - - 148 - - 148 - - (2) - - - - (2)
	- - (2) - 148 - (84,897) (84,751)
	206,166 (1,992) (4,672) (20,538) 844 14,755 97,064 291,627
	206,166 (1,843) (4,670) (18,558) 636 1,254 161,958 344,943
	- - - - - - 70,528 70,528 - - - 906 - - - 906
	- - - 906 - - 70,528 71,434
	- - - - - - (77,195) (77,195) - (149) - - - - - (149) - - - - 60 - - 60 - - - - - 13,501 (13,501) -
	- (149) - - 60 13,501 (90,696) (77,284)
	206,166 (1,992) (4,670) (17,652) 696 14,755 141,790 339,093

* Statutory reserve has increased due to local regulatory requirement to set aside statutory reserve amounting to 10% of the retained earnings for operational needs and an additional 1% of retained earnings for employee benefits, when the local entity declared and paid dividends.

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Condensed Statements of changes in equity for the financial year ended 31 December 2025 (Continued)

Company Balance as at 1.1.2025 Profit representing total comprehensive income for the financial year Transactions with owners, recognised directly in equity Dividend Share option expense Reversal of capital reserve Total Balance as at 31.12.2025 Balance as at 1.1.2024 Profit representing total comprehensive income for the financial year Transactions with owners, recognised directly in equity Dividend Share buyback Share option expense Total Balance as at 31.12.2024	Share capital Treasury shares Capital reserve Share options reserve Retained profits Total equity $’000 $’000 $’000 $’000 $’000 $’000 206,166 (1,992) 11,651 696 80,056 296,577 - - - - 98,557 98,557
	- - - - (84,897) (84,897) - - - 148 - 148 - - (2) - - (2)
	- - (2) 148 (84,897) (84,751)
	206,166 (1,992) 11,649 844 93,716 310,383
	206,166 (1,843) 11,651 636 41,296 257,906 - - - - 115,955 115,955
	- - - - (77,195) (77,195) - (149) - - - (149) - - - 60 - 60
	- (149) - 60 (77,195) (77,284)
	206,166 (1,992) 11,651 696 80,056 296,577

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Condensed consolidated statement of cash flows for the second half and financial year ended 31 December 2025

Operating activities Profit before income tax Adjustments for: Depreciation of property, plant and equipment Fair value gain on derivative financial instruments Fair value gain on investments, net Share option expense Gain on disposal of plant and equipment Interest expense Interest income Lease modification Loss/(Reversal of) allowance for trade receivables Net unrealised foreign exchange loss/(gain) Plant and equipment written off Provision for retirement benefit (Reversal of)/Write-down for inventories obsolescence Operating cash flows before movements in working capital Trade receivables Other receivables Derivative financial instruments Prepayments Inventories Trade payables Other payables Cash from operations Income tax paid Interest paid Net cash from operating activities	Group Group
	6 months ended 31 December Financial year ended 31 December 2025 2024 2025 2024 $'000 $'000 $'000 $'000 28,837 26,454 47,762 81,057 3,530 4,539 7,572 9,287 (489) (1,705) (852) (3,238) (118) (134) (304) (793) 87 53 148 60 (3,727) (35) (3,727) (193) 366 448 760 947 (2,044) (4,659) (6,567) (9,622) 117 (3) 117 (3) 47 (1,076) (387) (2,892) 1,711 (523) 2,780 (4,723) 626 47 700 139 37 41 37 41 232 318 (63) 395
	29,212 23,765 47,976 70,462 39,331 160,567 (11,306) 135,057 1,125 289 1,265 (11) 489 1,669 852 3,209 4,086 (715) 1,390 (721) 29,761 49,364 926 42,000 (40,822) (146,690) 8,938 (112,171) (8,884) (23,917) (531) (7,974)
	54,298 64,332 49,510 129,851
	(6,665) (10,167) (10,270) (15,607) (366) (448) (760) (947)
	47,267 53,717 38,480 113,297

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Condensed interim consolidated statement of Cash Flows for the second half and financial year ended 31 December 2025 (Continued)

Investing activities Proceeds on disposal of plant and equipment Purchases of plant and equipment (Acquisition)/Proceeds from changes of other investments, net Proceeds from changes/(Placement) of term deposits, net Interest received Deposit received for disposal of property, plant and equipment Net cash (used in)/from investing activities Financing activities Shares buyback Repayment of obligations under lease liabilities Proceeds from bank borrowings Repayment of bank borrowings Dividends paid Net cash used in financing activities Net change in cash and cash equivalents Effects of exchange rate changes on the balance of cash held in foreign currencies Cash and cash equivalents at beginning of the period/year Cash and cash equivalents at end of the period/year (Note i)	Group Group
	6 months ended 31 December Financial year ended 31 December 2025 2024 2025 2024 $'000 $'000 $'000 $'000 2,694 33 2,694 624 (1,033) (927) (1,745) (3,389) (114,148) (4,178) (94,784) 22,195 19,625 - (32,092) - 2,044 4,659 6,567 9,622 3,290 - 3,290 -
	(87,528) (413) (116,070) 29,052
	- (149) - (149) (1,117) (1,213) (2,177) (2,300) 255 304 543 625 (3,192) (2,065) (5,265) (4,062) (7,718) (38,597) (84,897) (77,195)
	(11,772) (41,720) (91,796) (83,081)
	(52,033) 11,584 (169,386) 59,268 (920) 1,521 640 1,372 176,289 278,977 292,082 231,442
	123,336 292,082 123,336 292,082

(i) Cash and Cash equivalents comprise:

Cash Fixed deposits Cash and cash equivalents at end of financial year	Group
	As at 31 December 2025 As at 31 December 2024 $'000 $'000 24,896 4,093 98,440 287,989
	123,336 292,082

Notes to the condensed interim consolidated financial statements

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1. General corporate information

Aztech Global Ltd (the “Company”) is incorporated and domiciled in Singapore, and its shares are publicly traded on the Mainboard of the Singapore Exchange. These condensed interim consolidated financial statements, as at and for the financial year ended 31 December 2025, comprised the Company and its subsidiaries (the “Group”). The Company’s primary activity is investment holding.

The principal activities of the Group are the manufacturing, marketing and trading of electronics products.

2. Basis of Preparation

The condensed interim financial statements for the financial year ended 31 December 2025 have been prepared in accordance with SFRS(I) 1-34 Interim Financial Reporting, as issued by the Accounting and Corporate Regulatory Authority (“ARCA”) in Singapore. These statements do not include all the information required for a complete set of financial statements. However, selected explanatory notes are provided to explain significant events and transactions that impact the Group’s financial position and performance since the last financial statements for the financial year ended 31 December 2024.

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 adopted amendments to SFRS(I)s that took effect from financial year beginning 1 January 2025. The adoption of these amendments has been assessed to have no material financial impact on the Group’s and the Company’s results or financial position for the financial year ended 31 December 2025. Accordingly, there is no material impact on earnings per share.

2.2.Use of judgements and estimates

In preparing the condensed interim financial statements, management has made judgements, estimates and assumptions regarding accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results 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 are consistent with those applied in the consolidated financial statements as at and for the financial year ended 31 December 2025.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

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3. Trade receivables

Third parties Less: Loss allowance	Group
	31.12.2025 31.12.2024 $’000 $’000 95,913 88,353 (5,831) (6,528)
	90,082 81,825

Trade receivables are non-interest bearing and generally subject to credit terms of 30 to 90 days.

Movements in the loss allowance for trade receivables:

Balance as at 1 January Reversal during the reporting period Exchange difference Balance as at 31 December	Group
	31.12.2025 31.12.2024 $’000 $’000 6,528 9,210 (387) (2,892) (310) 210
	5,831 6,528

Trade receivables amounted to $90.1 million as at 31 December 2025, an increase of $8.3 million (10.1%) from $81.8 million as at 31 December 2024. This increase was primarily due to the higher revenue of $113.6 million recognised in 4[th] quarter of 2025 (4th quarter 2024: $81.7 million).

Expected credit loss (ECL) assessment

The Group applies the simplified approach, using a provision matrix, to measure expected credit losses for trade receivables. To assess expected credit losses on a collective basis, trade receivables are grouped based on similar credit risk and aging profiles. The expected loss rates are derived from the Group’s historical credit losses and adjusted for current and forward-looking information on macroeconomic factors affecting the Group’s customers.

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4. Other receivables

Current Other receivables - Third parties1 - Subsidiaries2 Interest receivables3 Finance lease receivables4 Value added tax receivable Deposits Non-current Finance lease receivables4	Group 31.12.2025 31.12.2024 $’000 $’000 6,360 84 - - 546 1,301 - - 551 680 472 606 7,929 2,671 - - 7,929 2,671	Company
		31.12.2025 31.12.2024 $’000 $’000 - - 10,053 - 546 1,288 464 482 14 19 11 11
		11,088 1,800
		- 464
		11,088 2,264

1 Other receivables from third parties mainly arising from deposit receivable from sale of property in Malaysia.

2 Other receivables from subsidiary relates to dividend receivables.

3 There was a decrease in interest receivable from fixed deposits as at 31 December 2025 due to decline in market deposit rates.

4 The finance lease receivables arise from a subsidiary’s office sub-leasing arrangement.

5. Other investments

Treasury bills Structured deposits (held with banks) Term deposits Total short-term investments	Group and Company
	31.12.2025 31.12.2024 $’000 $’000 7,906 19,178 106,251 - 32,092 -
	146,249 19,178

The treasury bills were acquired at a discounted price from the face value and bear no coupon. The bills mature within 1 to 3 months from issuance date. Term deposits bear interest of 1.44% to 1.82% (2024: nil) per annum with tenure of 104 days to 9 months (2024: nil). Structured deposits bear interest of 1.28% to 1.56% (2024: nil) per annum with tenure of 1 month to 6 months (2024: nil).

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6. Inventories

. Inventories
Finished goods Work-in-progress (“WIP”) Raw materials	Group
	31.12.2025 31.12.2024 $’000 $’000 2,507 3,637 5,659 3,357 21,839 25,360
	30,005 32,354

7. Non-current assets classified as held for sale

As at 31 December 2025, a China subsidiary has entered into a sale and partial lease back agreement for the sale of factory buildings and land located in Dongguan, China. The sale was completed in January 2026.

8. Property, plant and equipment

During the financial year ended 31 December 2025, the Group acquired assets amounting to $1,745,000 (31 December 2024: $3,690,000) and disposed of net asset value of $5,257,000 (31 December 2024: $432,000).

9. Borrowings

Amount repayable within one year or on demand Secured – term loans Amount repayable after one year Secured – term loans Total borrowing	Group
	31.12.2025 31.12.2024 $'000 $'000 2,262 3,371 7,535 10,918
	9,797 14,289

10. Trade payables

Third parties	Group
	31.12.2025 31.12.2024 $’000 $’000 80,158 71,839

Trade payables increase of $8.3 million (11.6%) primarily due to higher business volume in 4[th] quarter of 2025.

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11. Other payables

Other payables - Third parties - Subsidiaries1 Accrued expenses Profit sharing scheme2 Customer deposit3	Group Company
	31.12.2025 31.12.2024 31.12.2025 31.12.2024 $’000 $’000 $’000 $’000 847 840 1 38 - - 22,147 75,594 8,452 6,043 270 242 1,203 3,561 - - 15,869 12,832 - -
	26,371 23,276 22,418 75,874

1 The Group has centralized funds within the Company to enhance cash flow management. The lower amount reflects offsetting against dividends declared by subsidiaries.

2 This is bonus provision for the Group’s profit-sharing scheme for FY2025.

3 Customer deposit includes deposits received of $3.3 million from sale of factory buildings and land located in Dongguan, China.

12. Share capital

As at 1 January and 31 December	Group and Company
	31.12.2025 31.12.2024 ‘000 $'000 ‘000 $'000 773,826 206,166 773,826 206,166

As at 31 December 2025, the Company holds 2,032,000 (2024: 2,032,000) treasury shares, valued at $1,992,000 (2024: $1,992,000). There were no sales, transfers, disposals, cancellations and uses of treasury shares during the financial year ended 31 December 2025. The total number of issued shares excluding treasury shares, as at 31 December 2025, was 771,793,545.

The Company’s subsidiaries did not hold any shares in the Company as at 31 December 2025 and 31 December 2024.

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12. Share capital (continued)

Employee share options

Movements in the number of unissued ordinary shares under the Aztech Employee Share Option Scheme and their exercise prices are as follows:

		Number of unissued ordinary shares of	Number of unissued ordinary shares of	Number of unissued ordinary shares of
		the Company under		option
					Balance	Exercise	Exercise
	Balance	Granted	Exercised		as at end	Price	period
	as at beginning	during the	during the	Forfeited	of the
Group and	of the financial	financial	financial	during the	financial
Company	year	year	year	financial year	year
							13.12.2022
2021 Options	1,730,000	-	-	(40,000)	1,690,000	0.934	– 12.12.2031
							29.9.2024 –
2023 Options	2,050,000	-	-	(200,000)	1,850,000	0.806	28.9.2033
							29.9.2026 –
2025 Options	-	2,960,000	-	-	2,960,000	0.681	28.9.2035

On 29 September 2025, the Company made an announcement regarding the grant of employees’ share options (“2025 Options”) under the Aztech Employee Share Option Scheme on SGXNet in accordance with Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

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13. Revenue

2H 2025

2H 2025 Types of goods: Sale of goods Timing of revenue recognition: At a point in time Geographical information: North America China Europe Singapore ASEAN1 Oceania Others Total revenue 2H 2024 Types of goods: Sale of goods Timing of revenue recognition: At a point in time Geographical information: North America China Europe Singapore ASEAN1 Oceania Others Total revenue	Group
	6 months ended 31 December 2025
	Distribution & trading Manufacturing Total
	$'000 $'000 $'000 246,250 838 247,088
	246,250 838 247,088
	191,606 - 191,606 3,250 763 4,013 37,046 - 37,046 1,881 7 1,888 7,446 68 7,514 1,972 - 1,972 3,049 - 3,049
	246,250 838 247,088
	Group
	6 months ended 31 December 2024
	Distribution & trading Manufacturing Total
	$'000 $'000 $'000 247,727 675 248,402
	247,727 675 248,402
	179,190 - 179,190 2,146 675 2,821 49,900 - 49,900 1,359 - 1,359 6,022 - 6,022 7,984 - 7,984 1,126 - 1,126
	247,727 675 248,402

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13. Revenue (continued)

FY 2025 Types of goods: Sale of goods Timing of revenue recognition: At a point in time Geographical information: North America China Europe Singapore ASEAN1 Oceania Others Total revenue FY 2024 Types of goods: Sale of goods Timing of revenue recognition: At a point in time Geographical information: North America China Europe Singapore ASEAN1 Oceania Others Total revenue	Group
	Financial year ended 31 December 2025
	Distribution & trading Manufacturing Total
	$'000 $'000 $'000 431,617 886 432,503
	431,617 886 432,503
	319,132 - 319,132 4,493 811 5,304 83,426 - 83,426 4,304 7 4,311 12,961 68 13,029 2,892 - 2,892 4,409 - 4,409
	431,617 886 432,503
	Group
	Financial year ended 31 December 2024
	Distribution & trading Manufacturing Total
	$'000 $'000 $'000 620,126 1,480 621,606
	620,126 1,480 621,606
	491,150 - 491,150 8,410 1,480 9,890 96,417 - 96,417 2,502 - 2,502 10,745 - 10,745 8,768 - 8,768 2,134 - 2,134
	620,126 1,480 621,606

1ASEAN, excluding Singapore

Revenue decreased by 30.4% in FY2025, primarily due to a decline in sales volume of IoT devices and Datacommunication products, largely attributed to reduced demand from customers.

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14. Other income

Group

Scrap sales Government grants Others	6 months ended 31 December Financial year ended 31 December 2025 2024 2025 2024 $’000 $’000 $’000 $’000 21 45 41 95 2 60 16 183 222 85 317 174
	245 190 374 452

15. Changes in finished goods, work in progress and raw materials used

The decrease in changes in finished goods, work in progress and raw materials was due mainly to the lower revenue in FY2025.

16. Employee benefits expense

Group

Employee benefits expense (including Directors' remuneration) Staff costs Defined contributions plans Share option expense Other employee benefits	6 months ended 31 December Financial year ended 31 December 2025 2024 2025 2024 $’000 $’000 $’000 $’000 20,299 16,427 37,956 39,824 675 689 1,332 1,332 87 53 148 60 1,251 4,608 2,655 9,313
	22,312 21,777 42,091 50,529

Employee benefits expense as a percentage of revenue was 9.7% (FY2024: 8.1%). The higher other employee benefits in FY2024 were mainly attributable to staff severance payment incurred in the China factory.

17. Other operating expense

The reduction in other operating expenses was primarily due to lower revenue generated in FY2025.

18. Investment revenue

The decline in interest income for FY2025 was primarily driven by lower yields on fixed deposits and treasury bills, coupled with a reduction in time deposit placements.

19. Other gains and losses

The lower other gains in FY2025 was primarily due to gain on disposal of property, plant and equipment amounting to $3,727,000 (2024: $193,000), offset by net foreign exchange loss recognised arising from the depreciation of the US dollar relative to the Singapore dollar.

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20. Income tax expense

The Group calculates the income tax expense for the financial period using the tax rate applicable to the expected total annual earnings. The major components of income tax expense in the condensed interim consolidated statement of comprehensive income are:

Current income tax expense - Current financial year - (Over)/Under provision in prior financial years Deferred income tax expense – Current financial year	Group
	6 months ended 31 December Financial year ended 31 December 2025 2024 2025 2024 $'000 $'000 $'000 $'000 5,204 2,490 8,163 10,205 (471) 17 (496) 17 11 82 (76) 307
	4,744 2,589 7,591 10,529

21. Dividend

On 29 April 2025, the Company paid a final dividend of $0.03 and a special dividend of $0.07 per ordinary share of the Company totalling $23,153,806 and $54,025,548 respectively by cash in respect of financial year ended 31 December 2024.

On 6 August 2025, the Company paid an interim dividend of $0.01 per ordinary share, totalling $7,717,935 in cash, in respect of the financial year ended 31 December 2025.

22. Segment information

Management has determined the operating segments based on the reports reviewed by the chief operating decision maker.

The business is considered from both a geographic and business segment perspective. Geographically, management oversees and monitors the Group’s operations in these primary areas: Singapore, Hong Kong, China and Malaysia. All these locations are involved in the manufacturing, distribution and trading of electronic products.

The Group has two reportable segments: the manufacturing segment and the distribution and trading segment.

The manufacturing segment produces electronic products for its customers including related companies.

The distribution and trading segment sells the electronic products to “Others” segment, whole-sale distributors and retailers.

The “Others” refers to the group investment holding activities and minor trading activities to the Group.

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22. Segment and revenue information (continued)

Distribution and trading $’000 246,250 5,061	Manufacturing $’000 838 231,872	Others $’000 - -	Eliminations Total $’000 $’000 - 247,088 (236,933) -
251,311	232,710	-	(236,933) 247,088 (89,905) 29,203 697 (366)
22,339 (101)	1,562 95,2071 (295) (667)
22,238	1,267 94,540		(89,208) 28,837 (4,744) 24,093 (207) 3,530 - 47
698 47	3,005 34 - -
774	104 1,868		(702) 2,044
17	1,016 -		- 1,033
186,686	230,241 342,655		(331,616) 427,966
134,882	143,005 25,341		(182,543) 120,685

1 Segment result refers to dividend income receivables from subsidiaries.

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22. Segment and revenue information (Continued)

Distribution and trading $’000 247,727 16,194	Manufacturing $’000 675 219,689	Others $’000 - -	Eliminations Total $’000 $’000 - 248,402 (235,883) -
263,921	220,364	-	(235,883) 248,402 (175,198) 26,902 27 (448)
124,733 (64)	(710) (340)	78,077 (71)
124,669	(1,050)	78,006	(175,171) 26,454 (2,589) 23,865 (593) 4,539 - (1,076)
669 (1,076)	4,423 -	40 -
233	296	4,156	(26) 4,659
81	1,117	-	(20) 1,178
244,882	229,766 382,470		(386,457) 470,661
131,169	135,369 81,405		(234,708) 113,235

*Total segment assets exclude deferred tax assets

**Total segment liabilities exclude current income tax payables and deferred tax liabilities

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22. Segment and revenue information (Continued)

Distribution and trading $’000 431,617 11,103	Manufacturing $’000 886 429,578	Others $’000 - -	Eliminations Total $’000 $’000 - 432,503 (440,681) -
442,720	430,464	-	(440,681) 432,503 (99,248) 48,522 2,182 (760)
38,634 (145)	2,260 106,876 (604) (2,193)
38,489	1,656 104,683		(97,066) 47,762 (7,591) 40,171 (704) 7,572 - (387)
1,359 (387)	6,843 74 - -
2,597	366 5,793		(2,189) 6,567
158	1,587 -		- 1,745
186,686	230,241 342,655		(331,616) 427,966
134,882	143,005 25,341		(182,543) 120,685

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22. Segment and revenue information (Continued)

Distribution and trading $’000 620,126 131,238	Manufacturing $’000 1,480 631,286	Others $’000 - -	Eliminations Total $’000 $’000 - 621,606 (762,524) -
751,364	632,766	-	(762,524) 621,606 (208,407) 82,004 54 (947)
162,857 (148)	9,938 117,616 (710) (143)
162,709	9,228 117,473		(208,353) 81,057 (10,529) 70,528 (841) 9,287 - (2,892)
1,370 (2,892)	8,680 78 - -
575	560 8,540		(53) 9,622
903	2,807 -		(20) 3,690
244,882	229,766 382,470		(386,457) 470,661
131,169	135,369 81,405		(234,708) 113,235

*Total segment assets exclude deferred tax assets

**Total segment liabilities exclude current income tax payables and deferred tax liabilities

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22. Segment and revenue information (Continued)

2H 2025 1.7.2025 to 31.12.2025 Product types IoT devices and Datacom products LED products Others(1) 2H 2024 1.7.2024 to 31.12.2024 Product types IoT devices and Datacom products LED products Others(1) FY 2025 1.1.2025 to 31.12.2025 Product types IoT devices and Datacom products LED products Others(1) FY 2024 1.1.2024 to 31.12.2024 Product types IoT devices and Datacom products LED products Others(1)	The Group Distribution & trading Manufacturing Total
	$'000 $'000 $'000 243,443 762 244,205 2,774 - 2,774 33 76 109
	246,250 838 247,088
	245,977 624 246,601 1,598 - 1,598 152 51 203
	247,727 675 248,402
	The Group Distribution & trading Manufacturing Total
	$'000 $'000 $'000 427,147 810 427,957 4,322 - 4,322 148 76 224
	431,617 886 432,503
	616,937 1,350 618,287 3,013 - 3,013 176 130 306
	620,126 1,480 621,606

(1) Others refer to other electrical products

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23. Financial assets and financial liabilities

Financial assets Trade receivables Other receivables Cash and cash equivalents Less: Value added tax receivables Amortised cost Short-term investments, representing financial assets measured at fair value through profit or loss Financial liabilities Trade payables Other payables Borrowings Lease liabilities Less: Customer deposits Amortised cost	Group Company 31.12.2025 31.12.2024 31.12.2025 31.12.2024 $’000 $’000 $’000 $’000 90,082 81,825 - - 7,929 2,671 11,088 2,264 123,336 292,082 98,644 275,440
	221,347 376,578 109,732 277,704 (551) (680) (14) (19)
	220,796 375,898 109,718 277,685
	146,249 19,178 146,249 19,178
	80,158 71,839 - - 26,371 23,276 22,418 75,874 9,797 14,289 - - 3,334 2,843 464 946
	119,660 112,247 22,882 76,820 (15,869) (12,832) - -
	103,791 99,415 22,882 76,820

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24. Profit before taxation

a. Significant items

Depreciation expenses Depreciation of property, plant and equipment Investment revenue Interest income Other operating expenses Other factory costs	Group
	6 Months ended 31 December Financial year end 31 December 2025 2024 2025 2024 $’000 $’000 $’000 $’000 3,530 4,539 7,572 9,287
	2,044 4,659 6,567 9,622
	3,164 4,203 5,733 8,293

b. Related party transactions

There were no material related party transactions.

25. Net Asset Value

Net asset value per ordinary share	Group Company 31.12.2025 31.12.2024 31.12.2025 31.12.2024 $ $ $ $
	0.38 0.44 0.40 0.38

As at 31 December 2025 and 31 December 2024, NAV per Share is calculated based on the issued share capital of 771,793,545 shares.

26. Subsequent events

Not applicable

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OTHER INFORMATION

1. Review

The condensed consolidated statement of financial position of Aztech Global Ltd. and its subsidiaries as at 31 December 2025 and the related condensed consolidated statement of comprehensive income, condensed statements of changes in equity and condensed consolidated statement of cash flows for the financial year ended and certain explanatory notes have not been audited and reviewed.

2. Review of performance of the Group

The Group reported a 30.4% year-on-year (y-o-y) decrease in revenue, amounting to $432.5 million for the financial year ended 31 December 2025 (“ FY2025 ”). Revenue for the six months ended 31 December 2025 (“ 2H 2025 ”) decreased by 0.5% y-o-y to $247.1 million.

The Group recorded an increase in profit before tax (“PBT”) of $28.8 million for 2H 2025 compared with $26.5 million for 2H 2024. The Group’s net profit for 2H 2025 was $24.1 million (2H 2024: $23.9 million), with a net profit margin of 9.8% (2H 2024: 9.6%).

For FY2025, the Group recorded a decrease in PBT of $47.8 million, compared with $81.1 million for FY2024. The Group’s net profit for FY2025 was $40.2 million (FY2024: $70.5 million), with a net profit margin of 9.3% (FY2024: 11.3%).

FINANCIAL POSITION AND CASHFLOW

The Group’s cash generated from operations for FY2025 was $38.5 million, a decrease of $74.8 million compared with $113.3 million in FY2024. The lower cash flow from operations in FY2025 was primarily due to lower profits.

As of 31 December 2025, the Group maintained a solid financial position, holding cash, cash equivalents, and short-term investments totalling $269.6 million (FY2024: $311.3 million).

As at 31 December 2025, equity attributable to owners of the Group was $291.6 million (31 December 2024: $339.1 million) with NAV per share maintained at $0.38 (31 December 2024: $0.44), based on the share capital of 771,793,545 shares (31 December 2024: 771,793,545).

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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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 business environment remains challenging amidst macroeconomic and geopolitical uncertainties and a softening in customer demand.

Optimisation of Operational Footprint

To tighten cost and enhance operational efficiency , the Group divested its Gelang Patah property in Johor, Malaysia, and optimised its manufacturing capacity in Dongguan, China through a sale and partial leaseback[1] of the property. The Group now operates approximately 500,000 sq ft of manufacturing built-up area, namely, a 300,000 sq ft manufacturing plant in Pasir Gudang, Malaysia, and a 194,000 sq ft facility in Dongguan, China.

Enhanced MedTech Capabilities with FDA Approval

In January 2026, the Group’s ISO 13485 -certified Malaysia facility obtained U.S. FDA 21 CFR Part 807 Establishment Registration and Device Listing[2] , significantly strengthening its ability to support MedTech customers seeking entry into the U.S. market[3] , which is the world’s largest medical device market. With proven compliance, scalability and high-quality manufacturing capabilities, the facility is well-positioned to help medical device owners accelerate U.S. market access.

Project Wins and Customer Expansion

In the financial year 2025, the Group secured 27 new project orders[4] across a diversified range of high-value technology-driven products and onboarded 10 new customers spanning the consumer, MedTech, security and industrial segments. 8 projects commenced commercial production during the year, with the remainder scheduled for 2026. As these projects are in the early stages of development, their initial contribution will be modest.

Customer Diversification Plan

The Group continues to advance its customer diversification plan by leveraging its enhanced capabilities and dual-site manufacturing footprint to support customers across both emerging and traditional markets. The U.S. FDA Establishment Registration and Device Listing attained by its Malaysia facility enhances the Group’s credentials, enabling it to further grow its presence in the MedTech segment.

In addition, the Group is expanding into the renewable energy segment to capture the rising demand for renewable energy hardware. By continually enhancing its design and manufacturing capabilities and strengthening multi-sector customer engagement, the Group aims to build a broader and more diversified customer portfolio, supporting long-term revenue stability across different sectors.

Strategic Priorities

To strengthen its position as a trusted and future-ready electronics manufacturing services partner, the Group will focus on six key priorities below to guide its long-term growth and operational direction:

Broadening its customer base,
Strengthening supply chain resilience,
Leveraging dual-site manufacturing capabilities across China and Malaysia,
Investing in manufacturing, design, and R&D,
Managing assets, capital, costs and foreign exchange risks prudently, and
Advancing net-zero initiatives to support customers’ ESG requirements.

1 The sale and leaseback arrangement was completed in January 2026. Please refer to SGXNet announcement dated 12 January 2026.

2 According to FDA.Gov (30 Sep 2025), owners or operators of establishments involved in the production and distribution of medical devices intended for use in the United States are required to register annually with the FDA under the Code of Federal Regulations (CFR). This requirement is set out in 21 CFR Part 807, which governs FDA establishment registration and device listing. 3 Source: U.S. Medical Devices Market Size, Share & Forecasts 2024–2032, Fortune Business Insights 4 New project order refers to new product secured from existing and new customers.

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5. Dividend

a. Current financial Period Reported on

The board of directors recommended the following final ordinary and special dividend, subject to approval by the shareholders during the annual general meeting:

Name of Dividend	Final ordinary (Proposed)	Special(Proposed)
Dividend Type	Cash	Cash
Dividend Amountper Share(in $)	0.03per ordinaryshare*	0.08per ordinaryshare*
Paid based on total number of ordinaryshares	771,793,545	771,793,545
Tax Rate	One-tier tax-exempt	One-tier tax-exempt

*Subject to shareholder’s approval at the forthcoming AGM

During the financial year, the Company declared interim one-tier tax-exempt dividend of $0.01 per ordinary share totalling $7,717,935 in respect of the financial year ended 31 December 2025.

Name of Dividend	Interim(Paid)
Dividend Type	Cash
Dividend Amount per Share (in $)	0.01 per ordinary share
Paid based on total number of ordinaryshares	771,793,545
Tax Rate	One-tier tax-exempt

Total dividend for FY2025 is 12.0 cents per ordinary share.

b. Corresponding Period of the Immediately Preceding Financial Year

During the preceding financial year, the Company declared interim one-tier tax-exempt dividend of $0.05 per ordinary share, totalling $38,597,647, final one-tier tax-exempt dividend of $0.03 per ordinary share, totalling $23,153,806, and special one-tier tax-exempt dividend of $0.07 per ordinary share, totalling $54,025,548 in respect of the financial year ended 31 December 2024.

Name of Dividend	Interim(Paid)	Final ordinary (Paid)	Special(Paid)
Dividend Type	Cash	Cash	Cash
Dividend Amount per Share (in $)	0.05 per ordinaryshare	0.03 per ordinaryshare	0.07 per ordinaryshare
Paid based on total number of ordinaryshares	771,952,945	771,793,545	771,793,545
Tax Rate	One-tier tax-exempt	One-tier tax-exempt	One-tier tax-exempt

Total dividend for FY2024 was 15.0 cents per ordinary share.

c. Date Payable

The payment of final dividend is subject to shareholder approval at the Annual General Meeting on 20 April 2026. If approved, the dividend will be paid on 30 April 2026.

d. Books closure date

The Transfer Book and Register of Members of Aztech Global Ltd. ("Company") will be closed at 5.00 p.m. (Singapore time) on 23 April 2026 for the purpose of determining its shareholders' entitlements to the proposed final dividend.

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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 Interested 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 obtained 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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8. Disclosure of person occupying a managerial position in the issuer or any of its principal subsidiaries who is relative of a director or chief executive officer or substantial shareholder of the issuer pursuant to Rule 704(13) in the prescribed format. If there are no such persons, the issuer must make an appropriate negative statement.

Name	Age	Family relationship with any director and/or substantial shareholder	Current position and duties, and the year the position was held	Details of changes in duties and position held, if any, during the year
Mr. Michael Mun	76	Mr. Michael Mun is the father of Mr. Jeremy Mun.	Position Executive Chairman and CEO (since May 2009) Duties Responsible for identifying and implementing Group- wide business growth strategies and overseeing all aspects of our Group’s growth and operating functions.	Not applicable
Mr. Jeremy Mun	50	Mr. Jeremy Mun is the son of Mr. Michael Mun.	Position Executive Director and COO (since August 2017) Duties Co-leading with the CEO in overseeing day to day operational matters of the manufacturing plants and lead the development and implementation of IT strategies and ESG initiatives across the Group.	Not applicable
Ms. Huang Xiaolin	43	Ms. Huang Xiaolin is daughter-in-law of Mr. Michael Mun, and sister-in-law of Mr Jeremy Mun.	Position Manager, Procurement and Logistics at Aztech Technologies Pte. Ltd (since October 2020). Duties Responsible for managing procurement and logistical activities.	Not applicable

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9. 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 facilities1 Expansion of the Group’s business through,inter alia, investments, mergers and acquisitions, joint ventures and/or strategic collaboration Enhancement of the Group’s R&D capabilities Increase sales and marketing channels for overseas markets expansion Expansion of the Group’s ODM/JDM business to capitalise on opportunities in the growing IoT market Working capital² Listing expenses³	50,000 15,077 34,923 50,000 5,857 44,143 15,000 442 14,558 10,000 1,001 8,999 5,000 582 4,418 58,600 58,600 - 9,800 9,800 -
	198,400 91,359 107,041

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
facilities1
Expansion of the Group’s business
through,inter alia, investments,
mergers and acquisitions, joint
ventures and/or strategic
collaboration
Enhancement of the Group’s R&D
capabilities
Increase sales and marketing
channels for overseas
markets expansion
Expansion of the Group’s
ODM/JDM business to capitalise on
opportunities in the growing IoT
market
Working capital²
Listing expenses³

50,000
15,077
34,923
50,000
5,857
44,143
15,000
442
14,558
10,000
1,001
8,999
5,000
582
4,418
58,600
58,600
-
9,800
9,800
-

198,400
91,359
107,041

1 New equipment purchased to enhance manufacturing productivity.

2 Usage of working capital includes the payment of salary related costs.

³ Payment for underwriting commission and offering expenses.

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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 financial year ended 31 December 2025 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: 26 February 2026

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AZTECH GLOBAL LTD. — Interim / Quarterly Report 2026

68182_rns_2026-02-26_03cc99df-d0b5-4f0b-bb1a-e26675008ee5.pdf

Interim Financial Information