FIH Mobile projects mid-teen revenue increase for 2025
FIH Mobile Limited released unaudited financial information for the nine months ended 30 September 2025, revealing a profit of $42,087 for the period, a significant turnaround from a $26,211 loss in the same period last year. Revenue for the nine-month period reached $5,229,215, up from $4,154,196 previously. Total comprehensive income for the nine months stood at $53,393, compared to a $30,026 loss last year.
The company projects a mid-teen percentage increase in revenue and a significant improvement in financial results for the full year 2025. This outlook is attributed to positive factors including increased sales in automotive electronics and robotics, improved gross margin from 2.12% to 3.06%, and a decrease in operating expenses to $99.7m from $113.3m. Additionally, a reduction in interest expense due to loan repayment and a downward adjustment of the FED rate is expected to contribute positively.
However, the company acknowledges ongoing challenges, including the adverse financial impact from under-utilised assets, a decrease in foreign exchange gains from $6.0m to $3.8m, and a reduction in government subsidies by approximately $4.3m. Shareholders and potential investors are advised to exercise caution due to potential fluctuations in quarterly performance.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when FIH Mobile publishes news
Free account required • Unsubscribe anytime