Integrated Micro-Electronics, Inc. (IMI), a company that makes electronic parts and devices for other businesses around the world, shared its financial report for the first six months of 2026 on August 10, 2026, according to a disclosure filed with the Philippine Stock Exchange and the Securities and Exchange Commission.
What Does IMI Do?
Think of IMI as a factory that builds electronic components for different products. They make parts for cars (like cameras and lights), medical equipment, and power electronics. They’re like a behind-the-scenes helper for other companies that need these electronic parts. IMI is owned by Ayala Corporation and operates 11 factories across five different countries.
How Did They Perform?
IMI’s revenue (the money they made from selling their products) reached US$465 million in the first half of 2026. This is 4% more than the US$446 million they made during the same time last year. To put it simply, they sold more products this year than last year.
The company made more money from:
- Automotive cameras and lighting parts for cars
- Medical equipment components
- Power modules (devices that control electricity)
Better Profits
What’s even more impressive is that IMI didn’t just make more money—they kept more of it as profit. Their net income (the actual profit after paying all expenses) was US$14.0 million, which is 50% higher than the US$9.4 million they made in the first half of 2025. That means for every dollar they earned, they’re keeping more as profit than before.
Their gross profit (money left after paying for the cost of making products) increased to US$48.7 million from US$38.6 million. The gross margin improved to 10.5% from 8.7%, meaning they’re making products more efficiently.
Paying Down Debt
IMI also focused on reducing what they owe. They generated US$26.8 million in cash from their operations and used US$17.6 million to pay off debt. As of June 30, 2026, their total borrowings decreased to US$178.5 million, with net debt (total debt minus cash) standing at US$99 million—much lower than two years ago.
What Did the CEO Say?
Louie Hughes, IMI’s Chief Executive Officer, explained that the company has spent the past two years making their business stronger. They’ve simplified their operations, improved how they manage costs and pricing, and made their factories work better. According to Hughes, these improvements are now showing up in their financial results.
He highlighted that the company is doing particularly well in cameras, lighting, industrial applications, plastic injection, and power modules—areas where IMI has strong technical skills.
Company Background
IMI has 2,217,293,215 common shares outstanding (minus treasury shares) and is headquartered in Laguna Technopark, Binan, Laguna. The company provides complete electronics manufacturing services—from designing new products to mass production, testing, and after-sales support.
The disclosure was signed by Robert William Heese, IMI’s Chief Finance Officer and Compliance Officer.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
