IMI Reports US$3.3 Million of Net Income for 1Q 2025

Integrated Micro-Electronics, Inc. (IMI), a global leader in electronics manufacturing services, announced its financial results for the first quarter of 2025.

IMI group revenues for the quarter were US$248 million, with US$220 million generated from wholly-owned core businesses. Sales figures declined 14% versus the same period last year due to continued softness in the electronics industry. Largely driven by the comprehensive restructuring activities that began in mid-2024, margin and profitability both improved despite the challenges in topline sales. Gross profit margin of 9.5% significantly increased against the 8.0% result in the same period last year. Group net income is likewise better at US$3.3 million compared against the $3.7 million net loss in 2024 Q1. Driven by the significant improvement of cost structures across the group, EBITDA more than doubled year-on-year to US$16.1 million from US$7.0 million for a strengthened EBITDA margin of 6.5%.

Significant reductions in core fixed overhead and SG&A expenses – totalling US$6.1 million – drove much of the improvement. A similar restructuring approach was taken in VIA, yielding an additional US$6.3 million of cost reduction mainly from SG&A. The Euro’s appreciation against the US dollar also contributed positively to the bottom line with a group FX gain of US$1.4 million. Balance sheet improved further with an increased cash level of US$115 million and continued management of debt levels. CAPEX remains disciplined with only US$1.6 million spent in the first quarter. 

IMI CEO Louis Hughes, commented on the quarter’s results: “The cost rationalization program we implemented has been instrumental in this quarter’s positive financial results. We successfully managed a 14% decrease in core fixed overhead and SG&A expenses compared to Q1 of last year through the consolidation of sites and decentralizing functions back into our operating facilities. With a more agile organization in place, we are better equipped to adapt to the dynamic market environment and further improve on the 6.5% EBITDA we achieved this quarter.

While global tariffs pose uncertainties, they also create opportunities. Our broad geographic footprint enables us to work closely with customers and adapt supply chains to mitigate these pressures. We remain focused on securing new business and further improving profitability as market conditions stabilize.”

Integrated Micro-Electronics, Inc. (IMI), is a leading global electronics manufacturing solutions expert specializing in highly reliable and quality electronics for long product life cycle segments in the automotive, industrial, power electronics, communications, and medical industries.

IMI ranks among the top EMS providers in the world by the Manufacturing Market Insider, based on 2023 revenues and remains among the top ten in the automotive sector according to New Venture Research. 

From its 19 manufacturing plants across nine different countries, the company provides engineering, manufacturing, and support and fulfillment capabilities to diverse industries globally.