FIH Mobile expects slight revenue dip, improved 1H results

FIH Mobile (HKEX:2038) announced expectations of a slight revenue decrease and improved financial results for the first half of 2025. While the company anticipates a mild year-on-year sales decline for the full year, attributed to proactive customer portfolio optimization, it forecasts improved gross margins through strategic shifts towards higher-margin sectors like smart manufacturing and automotive electronics. The company also cited a decrease in operating expenses to US$34.5 million compared to US$49.7 million in the same period last year and efficiency gains as contributing factors. In the first quarter, FIH Mobile reported revenue and other operating revenue of US$1,017.198 million, compared to US$998.152 million in the same period last year. The firm reported cash and cash equivalents of US$1,418.796 million at the end of March 2025.