Aztech Global is an electronics design, engineering, and manufacturing solutions provider for Internet-of-Things (IoT) devices and electronic products. Aztech is primarily involved in research and development, but it also offers Original Equipment Manufacturing (OEM), Original Design Manufacturing (ODM), Joint Development Manufacturing (JDM), and Contract Manufacturing Services (CMS).
It covers diverse market segments, including security, health-tech, consumer, industrial, communications, and automotive. Aztech’s customers include blue chip companies and technological startups in over 20 countries.
Aztech has also ventured into the designing and building of its proprietary “Kyla” brand of smart lighting systems and vision technology solutions, enabled by artificial intelligence (AI).
In the first half of 2025, Aztech achieved revenue of $185.4 million and net profit of $16.1 million. The Group recorded improved sequential performance for 2Q2025 with revenue of $143.4 million and net profit of $14.6 million, with a net profit margin of 10.2%.
#1 How Does Aztech Engage And Secure New Customers?
Aztech actively engages with customers to co-create tailored solutions aligned with their goals. The customer diversification strategy, driven by ongoing dialogue and market insight, has gained traction recently and is strengthening our long-term relationships.
Once a customer is secured, the focus shifts to aligning technical requirements and refining the design for manufacturability through close collaboration, and into the new product introduction (NPI) stage, where prototypes are built, tested, and optimised. A successful pilot run then confirms production readiness, enabling a smooth transition to mass production with consistent quality, efficiency, and delivery.
#2 How Will Aztech’s New Customers Contribute To Revenue Growth?
Aztech has secured seven new customers from consumer, health-tech, security, and industrial segments for the year to date. Along with the onboarding of the seven new customers, Aztech has secured a total of twelve new product orders, including 3D medical navigation devices, AI occupancy sensors, AI-controlled cat flaps, and smart air purifiers for the year to date.
Commercial production is due to start in the second half of 2025. While contribution from these new accounts will take time to scale up, it is broadening Aztech’s customer base as well as entering into the exciting AI-driven IoT arena.
#3 How Will Aztech Capture Long-Term Growth In The Smart Home And Internet-of-Things Product Segments?
Aztech is progressively enhancing our technological and production capabilities. We are developing our AI competencies to support customer requirements for intelligent, data-driven products, while deepening our design, R&D, and data analytics expertise.
These advancements enable Aztech to work closely with customers to integrate AI-powered features, enhance product functionality, and support emerging use cases.
In parallel, Aztech continues to invest in smart manufacturing and digital transformation to improve operational efficiency and meet the evolving needs of the smart home and IoT market.
These efforts will strengthen Aztech’s position as a full-fledged electronics design and manufacturing solutions provider for a wide range of applications — from energy efficiency and automation to security — as demand for smarter, connected devices continues to accelerate.
#4 What Are Aztech’s Key ESG Priorities?
Aztech’s sustainability strategy is shaped by global megatrends and explored through plausible climate scenarios. The Group’s success relies on our ability to strengthen operational resilience amidst a diverging ESG regulatory framework. We recognise the importance of transitioning to a low-carbon and circular economy, as it enables the reduction of resource consumption, improves product quality, enhances competitive edge, and creates long-term business value.
Along with steady progress in reducing scope 1 and 2 emissions, Aztech is working closely with our business partners to understand and reduce the value chain scope 3 emissions. This provides opportunities to strengthen Aztech’s position as a net-zero business partner of choice and enable sustainable growth.
In 2024, Aztech established a climate action 2050 roadmap. The Sustainable & Lean Operations Initiative is driving the decarbonisation efforts, and we are committed to procure and match electricity consumed in our manufacturing facilities with 100% renewable energy by 2030.
#5 What Should Shareholders And Potential Investors Know About Aztech?
Aztech offers a strong value proposition through our exposure to AI-driven IoT growth and our versatile R&D and design capabilities, enabling us to co-develop future-ready solutions across diverse market segments.
Backed by a resilient operating model, disciplined execution, and a strong net cash position, Aztech remains well-placed to navigate market shifts and invest for long-term growth. Our strong governance ensures transparency and stakeholder accountability.
Aztech has been actively executing a customer diversification strategy to reduce concentration risks. This effort has started to gain traction, as seen from recent customer wins and new product orders secured from a broader customer base.
Moving forward, the Business Development team will focus on acquiring and deepening relationships with new and existing customers to secure projects with recurring revenue potential, supporting long-term growth and a more balanced revenue mix.
Editor’s Note: Some answers for this article were extracted from the SGX 10 in 10 series published on 5 August 2025 and republished with permission. You can read more about Aztech Global (SGX:8AZ) on the SGX website.
You can also read other featured companies from SGX’s 10 in 10 series on the DollarsAndSense website.
