SIM Technology Group Ltd. has released its unaudited monthly revenue figures for May 2025. The Group reported a total revenue of HK$35.3 million for May, representing a 37.1% increase compared to HK$25.8 million in April 2025. This increase was driven by a significant rise in revenue from the core business, which includes ODM of handsets and IoT terminals, as well as automotive intelligent products. Core business revenue rose by 44.4% from HK$22.2 million in April to HK$32.0 million in May. However, revenue from non-core business, primarily consisting of rental income, slightly decreased by 7.9% from HK$3.6 million to HK$3.3 million. When compared to the same month last year, revenue from the core business in May 2025 showed a modest increase of 3.9%, totaling HK$32.0 million compared to HK$30.9 million in May 2024. For the first five months ending 31 May 2025, the Group's total unaudited revenue reached HK$176.0 million, marking a 24.6% increase from HK$141.3 million in the same period of the previous year. This growth is attributed to adjustments in the delivery schedule of customer purchase orders. The Group's non-core business, which encompasses property management, remained relatively stable compared to the previous month. The company has not provided an outlook or guidance in this announcement.
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