Integrated Micro-Electronics, Inc. (IMI), a global leader in electronics manufacturing services, today announced robust financial results for the first half of 2025, achieving a net income of US$7.6 million, a notable recovery from a net loss of US$8.8 million during the same period last year.
Group revenues reached US$497 million, with US$446 million attributed to core operations. Core EBITDA rose to US$32.6 million, translating to a 7.3% margin, while core net income surged to US$9.8 million, up from US$3.7 million in 2024. This positive trajectory is primarily the result of focused operational efficiency efforts and disciplined cost management.
Key financial improvements include:
US$16.5 million in savings from reduced core fixed overhead and SG&A expenses
US$11.4 million in additional cost reductions from subsidiary VIA Optronics
A 201 basis point improvement in direct material cost ratio, achieved through strategic supply chain initiatives and alternative sourcing solutions
IMI also strengthened its balance sheet, growing cash reserves to US$123 million while reducing total debt to US$271 million.
“Our first-half results reflect strong progress toward our group EBITDA margin target, with our core business already delivering a 7.2% margin,” said Louis Hughes, Chief Executive Officer of IMI. “Despite persistent market headwinds, we remain focused on cost optimization and operational efficiency in close collaboration with our customers.”
In a strategic move to streamline operations, IMI completed the sale of its Czech Republic facility on July 31, 2025, for €10 million. Key customers have been successfully transitioned to IMI’s operations in Bulgaria and Serbia, enhancing service delivery and profitability across the region.
