ZTEST Reports Fiscal 2026 Revenue of $9,199,804 as Fourth-Quarter Growth Reaches 18.1%
ZTEST Electronics reported higher annual revenue, gross margin and EBITDA for fiscal 2026, while fourth-quarter net income was affected by a $260,000 retiring allowance.
ZTEST Electronics Inc. (CSE:ZTE, OTCID:ZTSTF) has reported audited results for the fiscal year ended June 30, 2026, with annual revenue reaching $9,199,804. The company said revenue increased 10.6% from fiscal 2025, while fourth-quarter revenue rose 18.1% to $2,495,236.
Revenue for the fourth quarter was $2,495,236, compared with $2,113,637 in Q4 2025. ZTEST said this represented the third consecutive quarter of year-over-year revenue growth and its highest quarterly revenue since the fourth quarter of fiscal 2024.
Fourth-quarter gross margin increased 22.4% to $1,065,814 from $871,074. The gross margin percentage was 42.7%, compared with 41.2% in Q4 2025.
Quarterly net income was $123,096, or $0.003 per share, versus $299,569, or $0.008 per share, in Q4 2025. Fourth-quarter EBITDA was $298,404, compared with $493,928.
The company said the quarter included a one-time retiring allowance of $260,000 payable to its former Chief Executive Officer under a separation agreement announced in June 2026. The full amount was charged against income and recorded within selling, general and administrative expenses.
ZTEST ended the fiscal year with cash and cash equivalents of $5,464,705, an increase of $1,359,974, or 33.1%. During the fiscal year, working capital increased by $1,483,226, or 29.6%, while capital under management increased by $1,323,653, or 22.6%.
The equipment term loan was repaid in full when it matured in April 2026. The company’s $1,000,000 bank operating line remained undrawn. In its year-end table, ZTEST reported cash of 5,465 in thousands of dollars and working capital of 6,492 in thousands of dollars at June 30, 2026. Long-term debt was reported as - in thousands of dollars.
ZTEST added Trevor Treweeke as an independent director in December 2025. In June 2026, Steve Smith resigned as President, Chief Executive Officer and a director. Dave Barnett became Chair of the Board, while Stephen Harpur, CPA joined the Board as an independent director.
In August 2026, Barnett was appointed President and Chief Executive Officer.
ZTEST provides Electronic Manufacturing Services through its wholly owned subsidiary, Permatech Electronics Corporation. Permatech offers Printed Circuit Board Assembly, Materials Management and Testing services from an ISO 9001:2015 certified facility in North York, Ontario, Canada.
The subsidiary serves customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets.
CEO Dave Barnett said revenue growth strengthened during the year and that the company’s gross margin percentage improved. He also said ZTEST plans to support continued organic growth at Permatech and evaluate strategic growth opportunities.
EBITDA is a non-IFRS financial measure that does not have a standardised meaning under IFRS and may not be comparable with similar measures used by other companies. ZTEST said a reconciliation of EBITDA to net income is included in its Management’s Discussion and Analysis for the year ended June 30, 2026.
The company’s audited consolidated financial statements and Management’s Discussion and Analysis for the year ended June 30, 2026 are available on SEDAR+.
ZTEST Electronics Inc. announced its audited financial results for the fiscal year ended June 30, 2026. The company reported annual revenue of $9,199,804, up 10.6% from fiscal 2025, and net income of $1,162,251, or $0.032 per share.
ZTEST Electronics Inc. reported fiscal 2026 revenue of $9,199,804, an increase of 10.6% over fiscal 2025. The company said revenue growth strengthened through the year.
ZTEST Electronics Inc. reported fourth-quarter revenue of $2,495,236, up 18.1% from $2,113,637 in Q4 2025. This was the third consecutive quarter of year-over-year revenue growth and the highest quarterly revenue reported by the company since the fourth quarter of fiscal 2024.
ZTEST Electronics Inc. said fiscal 2026 net income increased 6.8% to $1,162,251, while EBITDA increased 7.8% to $1,981,055. EBITDA is a non-IFRS financial measure without a standardised meaning under IFRS, and the company said its reconciliation to net income is provided in its Management's Discussion and Analysis.
ZTEST Electronics Inc.'s annual gross margin increased 14.8% to $3,967,638 from $3,456,883 in fiscal 2025, while the gross margin percentage improved to 43.1% from 41.6%. In the fourth quarter, gross margin rose 22.4% to $1,065,814 from $871,074, and the gross margin percentage improved to 42.7% from 41.2%.
ZTEST Electronics Inc. said fourth-quarter results were reduced by a one-time retiring allowance of $260,000 payable to its former Chief Executive Officer under the separation agreement announced in June 2026. The full value was charged against income in the quarter and included in selling, general and administrative expenses; fourth-quarter net income was $123,096, or $0.003 per share, compared with $299,569, or $0.008 per share, in Q4 2025.
ZTEST Electronics Inc. reported fourth-quarter EBITDA of $298,404, compared with $493,928 in Q4 2025. The company said the quarter included the $260,000 one-time retiring allowance charged against income.
ZTEST Electronics Inc. ended fiscal 2026 with cash and cash equivalents of $5,464,705, an increase of $1,359,974, or 33.1%. The company's table reports cash of 5,465 in thousands of dollars at June 30, 2026, compared with 4,105 at June 30, 2025.
ZTEST Electronics Inc.'s equipment term loan was repaid in full upon maturity in April 2026, and its $1,000,000 bank operating line remained undrawn. The company's table reports long-term debt of - in thousands of dollars at June 30, 2026, compared with 56 at June 30, 2025.
ZTEST Electronics Inc. said it added $1,483,226, or 29.6%, to working capital and $1,323,653, or 22.6%, to capital under management during fiscal 2026. Its table reports working capital of 6,492 in thousands of dollars at June 30, 2026, compared with 5,008 at June 30, 2025.
ZTEST Electronics Inc. said revenue growth built steadily through the year and that the improvement in gross margin percentage reflected, in management's view, the value customers place on Permatech's quality, flexibility and service. The company also said its fourth-quarter results included the one-time cost of its leadership transition.
CEO Dave Barnett said that, with more than $5.4 million in cash, no bank debt and a strengthened Board, ZTEST Electronics Inc. is well positioned to build on its momentum by supporting continued organic growth at Permatech and evaluating strategic growth opportunities. He also said the company intends to maintain its commitment to enhancing shareholder value.
ZTEST Electronics Inc. added Trevor Treweeke as an independent director in December 2025; in June 2026, Steve Smith resigned as President, Chief Executive Officer and a director, Dave Barnett became Chair of the Board, and Stephen Harpur, CPA joined the Board as an independent director. In August 2026, Dave Barnett was appointed President and Chief Executive Officer.
ZTEST Electronics Inc. provides Electronic Manufacturing Services through its wholly owned subsidiary Permatech Electronics Corporation. Permatech offers Printed Circuit Board Assembly, Materials Management and Testing services from an ISO 9001:2015 certified facility in North York, Ontario, Canada.
ZTEST Electronics Inc. is identified in the announcement as trading on the Canadian Securities Exchange under CSE:ZTE and on the OTCID under OTCID:ZTSTF.