Group continues advancing technology collaborations and product ramp initiatives despite lower customer loadings
PENANG, 29 MAY 2026 – Globetronics Technology Bhd (“GTB” or the “Group”), an established player in the Outsourced Semiconductor Assembly and Test (“OSAT”) and semiconductor industry, today announced its unaudited financial results for the quarter ended 31 March 2026 (“Q3 FY2026”). The Group recorded revenue of RM16.9 million for the quarter under review, reflecting lower customer loadings amid continued softness across the semiconductor industry.
For Q3 FY2026, GTB reported a gross profit of RM1.3 million. The lower revenue and profitability were mainly attributable to softer customer demand and higher administrative expenses during the quarter.
On a cumulative nine-month basis (“9M FY2026”), the Group recorded revenue of RM59.5 million and a loss after tax of RM29.1 million. The performance was impacted by lower industry loadings, continued operating cost pressures, and share-based payment expenses arising from the Employees Share Option Scheme (“ESOS”).
Despite the softer operating environment, GTB maintained a solid financial position with shareholders’ equity of RM270.7 million and cash and cash equivalents of RM26.0 million as at 31 March 2026. During the financial period, the Group continued investing in strategic growth initiatives, including RM15.1 million in capital expenditure to strengthen manufacturing and operational capabilities, as well as investments in technology-related opportunities and collaborations.
The Management of GTB said, “The semiconductor industry continues to experience cyclical softness and macroeconomic uncertainties, which have impacted customer loadings during the quarter. Nevertheless, we remain focused on strengthening our operational resilience, managing costs prudently, and advancing our strategic roadmap. Our ongoing collaborations with ChipMOS and POET Technologies, together with upcoming product ramps and continued investments in technology capabilities, position the Group to capture future growth opportunities as market conditions improve.”
Looking ahead, GTB will continue pursuing opportunities to secure new business, expand its technological capabilities, and strengthen customer partnerships. Supported by global semiconductor megatrends, Malaysia’s policy tailwinds, and the Group’s ongoing collaboration-driven strategy, Management remains cautiously optimistic on the Group’s longer-term prospects, barring any unforeseen circumstances.
