TUYA-W (02391) released its interim results, with a net profit of 34.40 million USD, an increase of 45.8% year-on-year.

TUYA-W (02391) announced its interim results for the six months ending June 30, 2026, during which the group achieved total revenue of $174 million, a year-on-year increase of approximately 12.3%; net profit was $34.4 million, an increase of 45.8% compared to the previous year; basic net profit per share attributable to ordinary shareholders was $0.06. In the second quarter of 2026, total revenue was $92.9 million, a year-on-year increase of approximately 16.0%; net profit was $18.634 million, an increase of 48.04% compared to the previous year; basic net profit per share attributable to ordinary shareholders was $0.03. For the six months ending June 30, 2026, there were approximately 2,700 PaaS customers (the same as the six months ending June 30, 2025). The total number of customers for the six months ending June 30, 2026, was approximately 4,000 (compared to approximately 4,100 for the six months ending June 30, 2025). For the 12 months ending June 30, 2026, there were 318 high-quality PaaS customers (compared to 285 high-quality PaaS customers for the 12 months ending June 30, 2025). During the six months ending June 30, 2026, the group's high-quality PaaS customers contributed approximately 89.9% of PaaS revenue (compared to approximately 88.8% for the six months ending June 30, 2025). As of June 30, 2026, the number of registered AI developers (registered developers) exceeded 2.092 million, an increase of approximately 16.2% from over 1.801 million developers as of December 31, 2025.