Silkwave Inc. Reports US$2.9 Million Revenue and US$0.5 Million Net Loss for First Half of 2025

Reuters
Sep 30
Silkwave Inc. Reports US$2.9 Million Revenue and US$0.5 Million Net Loss for First Half of 2025

The Group reported a loss of US$0.5 million for the six months ended 30 June 2025, compared to a loss of US$0.1 million for the same period in 2024. Revenue for the period was US$2.9 million, a decrease from US$3.1 million in the six months ended 30 June 2024. The decrease of US$0.2 million was mainly attributable to lower trading volume in PCB and AI materials. Cost of sales increased by US$0.1 million, mainly due to higher direct costs and sales costs during the period. Gross profit decreased from US$1.5 million in 2024 to US$1.1 million in 2025, primarily due to a lower margin for rental TV income. Administrative expenses remained stable at US$0.7 million compared to US$0.5 million in the previous period. Market development and promotion expenses decreased due to tighter cost control, including lower consultancy service fees, travel expenses, and research and development costs. Finance costs amounted to US$0.4 million for the period, which mainly represented effective interest expense on convertible notes. The Group did not bear any bank and other borrowings during the period. The share of results of an associate was a loss of US$0.2 million, compared to a loss of US$0.3 million for the same period in 2024. No impairment loss of intangible assets was recognized for the current period. The Group's main business activities included the provision of transmitting and broadcasting television programs, trading of printed circuit board materials, and AI-related products.

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