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)
News Market Reaction – ZTSTF
In the Oct 27 session, ZTSTF gained 25.27%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NORTH YORK, ON / ACCESS Newswire / October 27, 2025 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTCID:ZTSTF) announces fiscal 2025 revenues of
Financial Highlights | Fiscal Year End | |||||||
(in thousands of dollars, except per share amounts) | June | June | ||||||
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 | Jun 30 | ||||||
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 | Dec 31 | ||||||
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