TUYA-W (02391) announced its financial results for the six months ended June 30, 2025. The group achieved total revenue of $155 million during the period, representing a 14.7% year-over-year increase. Net profit reached $23.604 million, marking a turnaround from losses in the same period last year. Net profit attributable to ordinary shareholders was $0.04 per share. The company proposed a cash dividend of $0.054 per ordinary share or $0.054 per American Depositary Share.

For the three months ended June 30, 2025, total revenue was $80.1 million, up 9.3% year-over-year. Net profit stood at $12.6 million, surging 302.4% compared to the same period last year. Net profit attributable to ordinary shareholders was $0.02 per share.

Regarding customer metrics for the six months ended June 30, 2025, the company had approximately 2,700 PaaS customers (compared to approximately 2,700 for the six months ended June 30, 2024). Total customer count was approximately 4,100 (compared to approximately 4,100 for the six months ended June 30, 2024). For the twelve consecutive months ended June 30, 2025, premium PaaS customers numbered 285 (compared to 280 for the twelve consecutive months ended June 30, 2024). During the six months ended June 30, 2025, the group's premium PaaS customers contributed approximately 88.8% of PaaS revenue (compared to approximately 85.1% for the six months ended June 30, 2024).