Tuya-W released its interim results, with a net profit of USD 23.604 million, turning a profit compared to the same period last year
Tuya-W released its interim results for the period ending June 30, 2025, reporting total revenue of USD 155 million, a year-on-year increase of 14.7%; net profit of USD 23.604 million, turning from loss to profit year-on-year. The net profit per share is USD 0.04, and it plans to distribute a cash dividend of USD 0.054 per share. During the reporting period, there were approximately 2,700 PaaS customers, with high-quality PaaS customers contributing about 88.8% of PaaS revenue
According to the Zhitong Finance APP, Tuya (02391) released its performance for the six months ending June 30, 2025. During this period, the group achieved total revenue of USD 155 million, an increase of 14.7% year-on-year; net profit was USD 23.604 million, turning from a loss to a profit year-on-year; earnings per share attributable to ordinary shareholders was USD 0.04; and it proposed a cash dividend of USD 0.054 per ordinary share or USD 0.054 per American depositary share.
For the three months ending June 30, 2025, total revenue was USD 80.1 million, an increase of 9.3% year-on-year; net profit was USD 12.6 million, an increase of 302.4% year-on-year; earnings per share attributable to ordinary shareholders was USD 0.02.
For the six months ending June 30, 2025, there were approximately 2,700 PaaS customers (compared to approximately 2,700 for the six months ending June 30, 2024). The total number of customers for the six months ending June 30, 2025, was approximately 4,100 (compared to approximately 4,100 for the six months ending June 30, 2024).
For the 12 months ending June 30, 2025, there were 285 high-quality PaaS customers (compared to 280 for the 12 months ending June 30, 2024). For the six months ending June 30, 2025, the group's high-quality PaaS customers contributed approximately 88.8% (compared to approximately 85.1% for the six months ending June 30, 2024) of PaaS revenue
