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Manila Bulletin devider Business devider The Stock Market devider IMI swings to ₱1-billion profit as overhaul takes hold

IMI swings to ₱1-billion profit as overhaul takes hold

Published Apr 27, 2026 11:58 am
Lou Hughes, IMI chief executive officer
Lou Hughes, IMI chief executive officer
Integrated Microelectronics Inc. (IMI), the manufacturing arm of the Ayala Group, swung to a profit in 2025 as a multi-year restructuring program to shed non-core assets and streamline global operations began to yield results.
In a statement on Monday, April 27, the electronics producer reported net income of ₱1.15 billion for the year, reversing a period of underperformance.
IMI recovery was underpinned by a 42 percent surge in earnings before interest, taxes, depreciation, and amortization, which reached ₱3.71 billion. The bottom-line improvement comes even as global supply chains and macroeconomic volatility continued to weigh on the broader manufacturing sector.
The company’s return to the black follows a series of decisive maneuvers aimed at repairing a stretched balance sheet. IMI aggressively pared back its manufacturing footprint over the past 24 months, most notably through the divestment of non-core subsidiaries including Germany-based VIA Optronics. These exits, combined with a consolidation of its factory network, allowed the firm to slash its net debt by 53 percent.
Gross profit margins expanded to 9.6 percent, a sign that the company’s shift toward higher-value segments is gaining traction. IMI has been pivoting its portfolio away from low-margin consumer electronics toward more specialized industrial and medical applications, as well as automotive technologies such as power modules and advanced camera systems.
“Our actions over the past two years have transformed IMI into a more resilient, more competitive, and more customer-focused organization,” Lou Hughes, IMI chief executive officer, said in a statement.
He added that the 2025 results are a direct consequence of "disciplined execution" and a strategic focus on strengthening the company’s foundation for sustainable growth.
The company is betting that its leaner structure will allow it to better capture demand in the electric vehicle and healthcare markets. By optimizing resource utilization and reinforcing supply chain discipline, IMI managed to lower its break-even point despite inflationary pressures.
The 2025 performance also highlighted a deepened commitment to ESG standards, which the company views as a requirement for maintaining its Tier-1 partnerships in Europe and North America. IMMI noted that integrating sustainability into its manufacturing processes has become a differentiator in securing long-term contracts.

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