Tuya (HKG:2391) reported $23.6 million in attributable profit for the first half of 2025, swinging from a loss of $415,000 a year earlier, according to a Hong Kong bourse filing Tuesday.

Earnings per American Depositary Share was $0.04, compared with $0.00 in the prior year.

Analysts at Visible Alpha expected $0.03.

Revenue increased 15% year-on-year to $154.8 million, figures showed.

Analysts at Visible Alpha expected $78.1 million.

The tech company also declared a dividend of $0.054 per share, payable Oct. 13 to shareholders of record on Sept. 11.

Shares of the company were up 15% in morning trade Wednesday.