TUYA-W (02391) releases its interim financial results, with a net profit of $23.604 million, a year-on-year turnaround from loss to profit.

TUYA-W(02391) announced its performance for the six months ending on June 30, 2025. The group achieved a total revenue of $155 million, an increase of 14.7% year-on-year; net profit was $23.604 million, turning from a loss to a profit; earnings per share for ordinary shareholders were $0.04. It is planned to distribute cash dividends of $0.054 per ordinary share or $0.054 per American Depositary Share. For the three months ending on June 30, 2025, the total revenue was $80.1 million, an increase of 9.3% year-on-year; net profit was $12.6 million, an increase of 302.4%; earnings per share for ordinary shareholders were $0.02. As of June 30, 2025, there were approximately 2700 PaaS customers (as of June 30, 2024: approximately 2700). The total number of customers for the six months ending on June 30, 2025, was approximately 4100 (as of June 30, 2024: approximately 4100). For the consecutive 12 months ending on June 30, 2025, there were 285 high-quality PaaS customers (as of June 30, 2024: 280). In the six months ending on June 30, 2025, these high-quality PaaS customers contributed approximately 88.8% of the PaaS revenue (as of June 30, 2024: approximately 85.1%).