IMI earmarks $16 million for 2025 capex

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI) is allocating $16 million to fund investments on critical capital expenditure programs this year as the Ayala-led company continues with its transformative journey.
IMI, which is working its way toward profitability after significantly cutting its losses in 2024, said it remains disciplined in capital investments by making strategic, well-evaluated decisions on how to allocate its financial resources.
“For 2025, we estimate to spend on critical capital expenditures amounting to approximately $16 million for the new programs that we have won and to upgrade existing machines,” the company said.
IMI said the investment would be funded by internal cash and bank loans.
Last year, IMI spent $9.86 million on capital expenditures related to new programs and maintenance. The amount was lower than 2023’s $27.6 million.
IMI has been working on strengthening its balance sheet by reducing external loans and maintaining adequate liquidity through effective cash flow management, optimizing working capital and establishing credit lines.
In 2024, the company embarked on a transformative journey under a new leadership team aimed at improving efficiency, fostering growth and adapting to changing market dynamics.
The company also optimized its global footprint by closing and rationalizing facilities in California, Malaysia, Singapore, Japan and Chengdu.
Recently, IMI announced plans to expand to warehousing and logistics support services.
IMI incurred a core net loss of $24.6 million in 2024, while revenues reached $1.1 billion.
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