ASTI Holdings Limited reported a net profit attributable to owners of $0.4m in the first half (H1) of 2026, down 36.5% from a year earlier. Revenue rose 25.3% year on year to $21.7m, led by the Philippines, the company’s largest geographical market. The Philippines contributed 76.3% of the group’s revenue, equivalent to $16.6m, driven by “higher production volumes from key customers during the period.” Gross profit increased 7.4% to $4.9m, whilst gross profit margin fell to 22.6% from 26.4% due to higher direct factory overheads and increased labour costs, including higher wages legislated by the Government. Administrative expenses increased 1.6% to $4.3m, mainly due to higher payroll costs and indirect factory operating costs, partially offset by lower legal and professional fees.