GLG Life Tech Corporation's Financial Performance in Q2 2025

GLG Life Tech Corporation reported second-quarter 2025 revenue of $2.9 million, marking a 22% decline compared to the same period in 2024. This decrease was largely due to reduced unit prices amidst competitive pressures in the market. For the first six months, revenue decreased by 16% to $6.0 million. Despite these challenges, the company improved profitability through the transfer of its Runhai subsidiary, resulting in a net income increase to $23.8 million for the quarter, compared to a net loss in 2024.

The company successfully reduced its Selling, General, and Administrative expenses by 32% for the quarter. The shift to a contract manufacturing model with a focus on higher-margin products has been a strategic move to address pricing pressures.