IMI back in profit after turnaround

Integrated Micro-Electronics, Inc. (IMI), the Ayala Group’s global electronics manufacturing services unit, is seeing the fruit of its rightsizing efforts as it registered a financial turnaround in the first half of 2025 with a net income of $7.6 million from a net loss of $8.8 million in the same period last year.

- By JAMES A. LOVOLA

In a disclosure to the Philippine Stock Exchange, the firm said group revenues reached $497 million, with core revenues contributing $446 million.

Core earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $32.6 million, representing a 7.3 percent margin, while core net income grew to $9.8 million, up from $3.7 million in the first semester of 2024.