Globetronics Technology Bhd closed its financial year ended June 30, 2026 (FY26), in the red as it posted a loss after tax (LAT) of RM56.4 million due to weaker customer loadings and impairment-related expenses weighed on the semiconductor group’s full-year performance.
Revenue for FY26 stood at RM80.4 million, with earnings also affected by share-based payments and losses from an associate.
The group’s fourth-quarter performance remained under pressure, with LAT widening to RM27.33 million from RM13.64 million in the preceding quarter, mainly due to impairment on preference shares and financial assets.
Revenue, however, improved 24% quarter-on-quarter to RM21 million from RM16.9 million, supported by higher contributions from manufacturing and chemical activities.
Globetronics said the sequential revenue improvement provided some encouragement despite a challenging operating environment throughout FY26.
The group invested RM24.3 million in property, plant and equipment during the year, with another RM18.9 million in capital commitments as at end-June.
Looking ahead, Globetronics will focus on securing new business, improving operational efficiency and expanding its product and customer portfolio as it seeks to improve financial performance amid continued uncertainty in the semiconductor industry.
