ISTANBUL

Chinese technology giant Xiaomi's net profits jumped 75.4% on a yearly basis to 10.8 billion yuan ($1.5 billion) in the second quarter.

The firm's revenues hit 116 billion yuan ($16.1 billion) this April-June, up 30.5% from the same quarter last year, Xiaomi said on Tuesday.

Xiaomi's revenues from smartphone sales reached 45.5 billion yuan ($6.3 billion) in the second quarter.

"Xiaomi’s global market share by shipments was 14.7% in Q2 2025, securing a top-three global ranking for the 20th straight quarter," it added.

The Internet of Things and lifestyle product segment sales totaled 38.7 billion yuan ($5.4 billion).

Revenue from smart EVs, AI, and other new initiative segments reached 21.3 billion yuan ($2.9 billion).