TUYA-W (02391), also known as Tuya Inc, saw its stock price surge 5.27% in Wednesday's trading session following the release of its impressive second-quarter financial results and the announcement of a cash dividend.

The company reported a net profit of $12.6 million for the quarter ended June 30, 2025, marking a substantial 302.4% increase compared to the same period last year. Total revenue for the quarter reached $80.1 million, up 9.3% year-over-year, surpassing analysts' expectations of $78.44 million. The company's earnings per share of 3 cents met the lone analyst's forecast.

Adding to investor optimism, Tuya's board approved the declaration and distribution of a cash dividend of $0.054 per share on August 26. This move signals confidence in the company's financial health and commitment to shareholder returns. The dividend announcement, coupled with the strong financial performance, likely contributed to the stock's significant rise in today's trading.