IMI Reports US$7.6 Million of Net Income for the First Half of 2025

​Integrated Micro-Electronics, Inc. (IMI), the electronics manufacturing subsidiary of Ayala Corporation, announced its financial results for the first half of 2025, reporting a net income of US$7.6 million, a significant turnaround from a net loss of US$8.8 million in the same period last year.

Group revenues reached US$497 million, with core revenues contributing US$446 million. Core EBITDA rose to US$32.6 million, representing a 7.3% margin, while core net income grew to US$9.8 million, up from US$3.7 million in 2024.
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This positive shift was primarily driven by operational efficiency initiatives and disciplined cost control. The company achieved a US$16.5 million reduction in core fixed overhead and SG&A expenses, with an additional US$11.4 million in cost savings from VIA Optronics. In addition, a 201 basis point improvement in direct material cost ratio was achieved through enhanced supply chain strategies and the adoption of alternative components.

IMI cash reserves increased 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 ongoing market softness, we are collaborating closely with customers to optimize material costs and drive profitability. Our focus on operational efficiency remains firm.”

On July 31, IMI successfully completed the sale of its Czech Republic facility for €10 million. High value customers from the site have been transitioned to IMI’s Bulgaria and Serbia operations, enhancing both service and profitability.

Integrated Micro-Electronics, Inc. (IMI), the electronics manufacturing subsidiary of Ayala Corporation, 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.