KUALA LUMPUR (Aug 28): Malaysia’s biggest listed semiconductor services firm said on Thursday its net profit dropped 10% in the fourth quarter from a year earlier hit by lower volume loading across all of its businesses.

Net profit at Inari Amertron Bhd (KL:INARI) for the three months ended June 30, 2025 (4QFY2025) was RM49.17 million, or 1.30 sen per share, the company said in an exchange filing. The company was also hit by foreign exchange losses of over RM15 million during the quarter.

Revenue for the quarter, meanwhile, slipped 8% year-on-year to RM306.71 million.

A fourth interim dividend of 1.2 sen per share was declared and payable on Oct 10, bringing total dividends per share for FY2025 to 5.5 sen, down from 7.7 sen a year earlier.

“Looking ahead to FY2026, the group remains cautiously optimistic, prioritising development of new partnerships and product pipelines, while advancing our production capabilities, maintaining high utilisation rates, enhancing operational efficiency, and safeguarding profitability,” Inari said.

The company, which mainly provides outsourced assembly and testing services, said the semiconductor industry is seeing selective growth primarily driven by the rapid uptake of generative artificial intelligence across diverse sectors.

“For Inari, this environment translates into robust growth in data communications, flat growth in smartphone demand, and continued softness in our industrial semiconductor segment,” it said.

The quarterly decline dragged full-year net profit down 27% to RM218.75 million, or 5.78 sen per share. During the year, the company also incurred a start-up loss of RM16.1 million at its China subsidiary.

Revenue was down nearly 9% to RM1.35 billion on lower volume loading in all segments and the group's product mix.

Shares of Inari fell 2.5% or five sen to RM1.98, valuing the company at RM7.5 billion on Thursday ahead of the results announcement.