Mr. Steve Smith reports

ZTEST ELECTRONICS INC. ANNOUNCES FISCAL Q1 2025 RESULTS

Q1 2025 has generated a 7.4-per-cent increase in revenue for Ztest Electronics Inc., an 88.5-per-cent improvement in net income and a surge of 61.3 per cent in EBITDA (earnings before interest, taxes, depreciation and amortization) in comparison with the same period one year earlier.

Revenue for Q1 2025 was $2,019,507, generating $442,259 in cash from operations, an increase of more than 76 per cent in comparison with the quarter ended Sept. 30, 2023.

Net income rose to $324,120, increasing 88.5 per cent from $171,884 in Q1 2024. On a per-share basis, net income rose 50 per cent, from 0.6 cent to 0.9 cent. EBITDA improved to $518,625, a notable 61.3 per cent increase from $321,495 in Q1 2024.

Gross margins for the first quarter of 2025 were $921,444, representing an increase of almost 42 per cent over Q1 2024.

The company is currently well funded, with strong liquidity and low leverage, and is investigating ways by which it may be able to invest capital to further enhance its growth.

Steve Smith, chief executive officer, commented: "The operating environment somewhat softened for the EMS industry in Q1, but the company remained focused on increasing operating margins, and substantially enhancing working capital. We are poised to benefit, yet again, when the overall environment rebounds."

About Ztest Electronics Inc.

Ztest, through its wholly owned subsidiary Permatech Electronics Corp., offers electronic manufacturing services (EMS) to a wide range of customers. Permatech's offering includes printed circuit board (PCB) assembly, material management and testing services. Permatech operates from a 21,000-square-foot, ISO 9001:2015 certified facility in North York, Ont., Canada. Permatech is a contract manufacturer of complex circuit boards, serving customers in the medical, power, computer, telecommunications, wireless, industrial, trucking, wearables and consumer electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid turnaround on low-volume and mid-volume production of high-complexity products.

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