Lenovo Group Limited has announced its financial results for the fourth quarter and full fiscal year 2024/25, revealing significant growth in revenue and profit. The company reported a 21% increase in annual revenue, reaching US$69.1 billion, marking its second-highest annual revenue to date. Net income rose by 36% year-on-year to US$1.4 billion on a non-Hong Kong Financial Reporting Standards basis.
The group’s diversified growth engines have been a driving force behind these results, with non-PC revenue accounting for nearly 47% of total income, an increase of five points from the previous year. Lenovo’s strategic focus on innovation and operational excellence contributed to double-digit revenue growth across all sales geographies.
Chairman and CEO Yuanqing Yang commented on the company’s performance: “This has been one of our best years yet, even in the face of significant macroeconomic uncertainty. We achieved strong top-line growth with all our business groups and sales geographies growing by double digits, and our bottom-line increased even faster.”
In the fourth quarter alone, Lenovo’s group revenue grew by 23% year-on-year to US$17 billion, while net income increased by 25% on a non-HKFRS basis to US$278 million. The Intelligent Devices Group (IDG) strengthened its market leadership in PCs and smartphones, achieving a 13% increase in overall IDG revenue to US$50.5 billion for the fiscal year.
The Infrastructure Solutions Group (ISG) experienced hypergrowth with a 63% rise in revenue year-on-year to US$14.5 billion, breaking even for the second half of the fiscal year. Meanwhile, the Solutions and Services Group (SSG) solidified its role as Lenovo’s transformation engine with a 13% increase in revenue to US$8.5 billion.
Looking forward, Lenovo remains committed to enhancing its market competitiveness through continued investment in innovation and hybrid AI strategies. The Board of Directors declared a final dividend of 3.9 US cents or 30.5 HK cents per share for the fiscal year ended March 31, 2025.
Yuanqing Yang expressed confidence in Lenovo’s future: “With 20 years of leading a global business and navigating challenges, I’m confident that our operational excellence and continued investment in innovation will not only sustain but strengthen our competitiveness.”
Lenovo also made strides in environmental, social, and governance commitments during FY24/25, aligning with Science Based Targets initiative goals for emissions reduction by 2030.
