INTEGRATED Micro-Electronics Inc. (IMI) reported a financial turnaround for the first half, posting a net income of $7.6 million, from a net loss of $8.8 million year earlier, thanks to continued operational efficiency efforts and disciplined cost control.
In a disclosure on Friday, IMI said group revenues reached $497 million with core revenues accounting for $446 million.
Core earnings before interest, taxes, depreciation, and amortization rose to $32.6 million, or a 7.3-percent margin, while core net income increased to $9.8 million from $3.7 million in the first half of 2024.
The company cited a $16.5-million reduction in core fixed overhead and selling, general, and administrative expenses, along with $11.4 million in cost savings from subsidiary VIA Optronics.
A 201-basis point improvement in the direct material cost ratio was said to have also been achieved through enhanced supply chain strategies and the adoption of alternative components.
“Our first-half results reflect strong progress toward our group ebitda margin target, with our core business already delivering a 7.2 percent margin,” IMI CEO Louis Hughes said in a statement.
“Despite ongoing market softness, we are collaborating closely with customers to optimize material costs and drive profitability. Our focus on operational efficiency remains firm.”
IMI’s cash reserves rose to $123 million while total debt was reduced to $271 million.
Meanwhile, the company also announced the completion of its sale of Integrated Micro-Electronics Czech Republic to Germany-based Keboda Deutschland GmbH & Co. KG, a subsidiary of China’s Keboda Technology Co. Ltd.
The deal was closed on July 31, 2025 with a total transaction value of €10,025,567, subject to post-closing adjustments.
The transaction was executed through IMI’s European arm, Cooperatief IMI Europe U.A., and forms part of IMI’s broader initiative to streamline its global manufacturing footprint.
Customers previously served by the Czech facility were said to have been successfully transitioned to IMI’s operations in Bulgaria and Serbia.
“This strategic divestment is in line with IMI’s ongoing efforts to enhance operational efficiency, increase facility utilization, and drive overall profitability in the region,” the company said in a separate disclosure.
The Czech divestment follows a string of restructuring measures taken over the past year, including the closure of facilities in China and the US, downsizing of offices in Singapore, and partnerships to shift operations to more efficient locations.
IMI shares on Friday closed up 17 centavos, or 8.63 percent, to P2.14 each.
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