KUALA LUMPUR (Aug 22): Greatech Technology Bhd (KL:GREATEC) saw its net profit for the second quarter fall 46.4% year-on-year (y-o-y), as a stronger ringgit against the US dollar led to higher net foreign exchange (forex) losses of RM16.24 million.

Net profit for the quarter ended June 30, 2025 (2QFY2025) declined to RM25.93 million from RM48.39 million a year earlier, while earnings per share slipped to 1.03 sen from 1.93 sen.

In contrast, revenue rose 13% to RM232.73 million from RM205.88 million, boosted by stronger contribution from its business that automates the full manufacturing process for e-mobility parts and semiconductor equipment.

No dividend was declared for the quarter under review.

For the first half of FY2025, Greatech’s net profit dropped 21.9% to RM62.84 million from RM80.42 million a year ago, despite revenue climbing 14.8% to RM408.12 million from RM357.75 million.

The company, which gets most of its sales from the US, said customers covered most of the US tariff costs. When needed, it worked with customers to share costs fairly and keep projects on schedule. In July, Greatech started new operations in the US to reduce tariff risks by making products locally and improving supply and service.

“Amid dynamic market conditions, the group will maintain a strong focus on operational agility, cost optimisation and balance sheet resilience to navigate uncertainties, while strategically positioning itself for emerging opportunities across key growth sectors,” it said.

As at Aug 18, 2025, the group’s outstanding order book stood at RM607.58 million, providing earnings visibility through to the second half of 2026.

Shares of Greatech, which has fallen over 16% year to date, closed unchanged at RM1.94 on Friday, valuing the company at RM4.88 billion.