FIH Mobile turns profit in first half as revenue rises

FIH Mobile Limited reported a consolidated revenue of $2,061.5 million for the first half of 2025, an 8.8% increase from $1,895.5 million in the same period last year. The company achieved a net profit attributable to owners of $6.2 million, a notable improvement from a loss of $31.6 million reported in the prior year. Gross profit surged to $75.0 million from $28.6 million, with the gross profit margin rising to 3.64% from 1.51%.

The improvement was driven by strategic shifts, including exiting unprofitable businesses and diversifying into higher-margin sectors like smart manufacturing and automotive electronics. Operating expenses decreased by $7.3 million to $65.8 million. Interest expenses also fell to $13.1 million from $30.3 million.

The company's equity increased by $29 million to $1,493 million as of June 30, 2025. Basic earnings per share were $0.8 cent, compared to a loss of $4.0 cents in the previous year. The board resolved not to recommend an interim dividend for the current period.