IMI rebounds with $16.4-M nine-month profit

Integrated Micro-Electronics, Inc. (IMI), a manufacturing arm of the Ayala Group, bounced back to a net income of $16.4 million in the first nine months of 2025.

This was a reversal from the year-ago period’s $1.1-million loss, driven by operational restructuring initiatives.

In a stock exchange filing on Friday, IMI said its group revenues reached $749 million in the nine months ending Sept. 30.

Meanwhile, core Ebitda (earnings before interest, taxes, depreciation and amortization) “remains strong” at $49.8 million. This represented a 7.3-percent margin.

Also, IMI chalked up a core net income of $16.4 million. This was “a significant turnaround” from a net loss of $ 1.1 million reported in the same period a year ago.

“The substantial improvement in financial performance is a result of decisive steps taken by the IMI leadership team to improve operational efficiency and rationalize,” IMI said.

These efforts include the P635-million sale of IMI’s subsidiary in Czechia. The company said this contributed to lowering overhead expenses without sacrificing operational scale.

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IMI said that in the third quarter alone, core revenues outpaced the first half’s average run-rate by 4.4 percent while core fixed overhead costs reduced by 8 percent.

Results for the September quarter were mainly due to an increase in utilization rates across the company’s facilities.

They were also driven by third-quarter gross margin reaching 9.8 percent, up from 8.7 percent in the first half of the year and 7.1 percent last year.