ZTEST Electronics Inc. Announces Fiscal 2025 Year End and AGM Results

Rhea-AI Summary

ZTEST Electronics (OTCID:ZTSTF) reported fiscal 2025 revenue of $8,319,302 and Q4 revenue of $2,113,637, down from $9,756,044 and $2,791,359 in the prior year periods. Gross margin was $3,457k (41.6% of revenue) and net income fell to $1,089k (basic EPS $0.030) from $1,753k ($0.058).

Key balance-sheet moves: cash rose to $4,105k, working capital to $5,008k and shareholders' equity to $5,807k as at June 30, 2025. Management cited an EMS market cyclical decline and tariff pressures in fiscal 2024, but noted modest sequential revenue growth in the final three quarters of fiscal 2025 and improving demand late in Q3 2025.

At the Oct 24, 2025 AGM, four directors were re-elected and Kreston GTA LLP was re-appointed auditor.

Positive

• Cash increased to $4,105k as at Jun 30, 2025
• Working capital rose to $5,008k year-over-year
• Shareholders' equity increased to $5,807k versus $4,497k

Negative

• Revenue declined to $8,319k from $9,756k (≈14.8% YoY)
• Net income fell to $1,089k from $1,753k (≈37.8% YoY)
• EBITDA dropped to $1,837k from $2,599k (≈29.3% YoY)
• Q4 revenue declined to $2,114k from $2,791k (≈24.3% YoY)

NORTH YORK, ON / ACCESS Newswire / October 27, 2025 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTCID:ZTSTF) announces fiscal 2025 revenues of $8,319,302, including $2,113,637 in Q4, representing the third consecutive quarter with very modest revenue growth. Revenues for the corresponding periods of 2024 were $9,756,044, inclusive of the record revenues of $2,791,359 in the final quarter.

Financial Highlights		Fiscal Year End
(in thousands of dollars, except per share amounts)		June 2025				June 2024
Revenue			8,319				9,756
Gross Margin			3,457				3,918
Gross Margin as a % of Revenue			41.6				40.2
Net Income			1,089				1,753
Net Income per share (basic)			0.030				0.058
EBITDA			1,837				2,599
Operating Cash Flow			1,657				2,280

Financial Position		As at
(in thousands of dollars)		Jun 30 2025				Jun 30 2024
Cash			4,105				2,776
Working Capital			5,008				3,593
Long-term Debt			56				121
Shareholders' Equity			5,807				4,497
Financial Highlights		Three months ended
(in thousands of dollars, except per share amounts)		Dec 31 2025				Dec 31 2024
Revenue			2,114				2,791
Gross Margin			872				1,171
Gross Margin as a % of Revenue			41.3				41.9
Net Income			300				546
Net Income per share (basic)			0.008				0.016
EBITDA			494				870
Operating Cash Flow			415				809

Steve Smith, CEO commented, "The EMS market entered a cyclical decline in the second half of fiscal 2024 and the imposition and threat of tariffs added to the market malaise. As a contract assembler our business levels tend to trail general market swings leading to a strong finish to fiscal 2024 followed by generally smaller orders in fiscal 2025. We realized modest revenue growth in each of the final three quarters of 2025 and are very encouraged by the positive signs that began in the latter part of the third quarter of 2025, both domestic and export, suggesting that market confidence is returning. We believe that our extensive efforts to nurture existing customer relationships, and foster new customer relationships, is starting to pay off."

The Company also wishes to announce that Steve Smith, Dean Tyliakos, David Barnett and William R. Johnstone were re-elected to the Board of Directors and Kreston GTA LLP, Chartered Professional Accountants, were re-appointed as auditors of the Company for the ensuing year at the annual meeting of shareholders held on Friday October 24, 2025.

About ZTEST Electronics Inc.

ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.

For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).

SOURCE: ZTEST Electronics Inc.

View the original press release on ACCESS Newswire

FAQ

What were ZTEST (ZTSTF) fiscal 2025 total revenues and Q4 revenue?

Fiscal 2025 revenue was $8,319,302 and Q4 revenue was $2,113,637.

How did ZTEST's fiscal 2025 revenue compare to fiscal 2024 for investors?

Revenue declined from $9,756,044 in fiscal 2024 to $8,319,302 in fiscal 2025 (≈14.8% decrease).

What caused ZTEST's weaker 2025 results according to management comments?

Management cited an EMS market cyclical decline and tariff pressures, plus smaller orders in fiscal 2025, while noting improving demand late in Q3 2025.

What is ZTEST's cash and equity position as of June 30, 2025?

As at June 30, 2025 cash was $4,105k and shareholders' equity was $5,807k.

What were the outcomes of ZTEST's Oct 24, 2025 annual meeting for shareholders?

Steve Smith, Dean Tyliakos, David Barnett and William R. Johnstone were re-elected to the board and Kreston GTA LLP was re-appointed auditor.