TUYA-W (02391) announces third quarter financial results, with a net profit of 14.972 million US dollars, turning losses from the same period last year into profits.

Tuya-W (02391) announced its performance for the third quarter of 2025, with total revenue of 82.5 million US dollars, representing a year-on-year growth of approximately 1.1%; the overall gross profit margin was 48.3%, an increase of 2.3 percentage points year-on-year. The operating profit margin was 4.6%, an improvement of 25.6 percentage points year-on-year. Net profit was 14.972 million US dollars, turning losses into gains year-on-year; basic and diluted earnings per American depositary share were 0.02 US dollars. Mr. Wang Xueji, founder and CEO of Tuya, said: "Against the backdrop of continued uncertainty in the global trade environment, the company once again demonstrated solid execution and strong operational resilience in the third quarter. Driven by stable demand for our core PaaS and SaaS products, coupled with ongoing optimization of our product portfolio, we have achieved revenue growth year-on-year for nine consecutive quarters. Looking ahead, we will continue to deepen cooperation with core customers, advance global market layout, and accelerate AI-driven software and developer services innovation. Through rigorous operational management and continuous investment in key technologies, we will strive to create long-term value for customers, partners, and shareholders." Mr. Yang Yi, director and CFO of Tuya, added: "In the third quarter, our company maintained a solid financial foundation. The gross profit margin increased to 48.3% year-on-year, and through strict cost management, we continued to expand operational leverage. Net profit under generally accepted accounting principles turned losses into gains, showing significant improvement compared to the previous year, while non-GAAP profitability remained strong with a net profit margin of 24.4%. We generated 30 million US dollars of operating cash flow in this quarter and maintained a strong net cash reserve of over 1 billion US dollars. These financial strengths provide us with flexibility to address external uncertainties and continue to invest in long-term growth plans."