Technoprobe (TPRO) investor relations material

Executive summary

• Full-year 2025 revenues reached €628.4M, up 15.7% year-over-year, driven by AI logic chip testing, data center GPU growth, and stabilization in the consumer segment, while automotive and industrial segments remained soft but are expected to recover in 2026.

• EBITDA for 2025 was €201.4M, up 47.5% year-over-year, with margin improvement to 32.1% from 25.1% in 2024, reflecting efficiency gains and the full-year contribution from DIS Tech.

• Net profit increased 57.4% to €98.8M, supported by higher volumes and lower income taxes.

• Net financial position improved to €684.2M, up from €656.3M at end-2024.

• AI-related applications accounted for 38% of 2025 revenues, expected to rise to 40%-45% in 2026.

Financial highlights

• Q4 2025 revenue reached €161.8M, up 3.5% year-over-year and 15% sequentially; gross profit was €71.8M (44.4% margin), EBITDA €55.3M (34.2% margin).

• Full-year 2025 gross profit was €279.1M (44.4% margin), up 24.9% year-over-year.

• Operating profit reached €136.3M, up from €67.1M in 2024.

• Cash generated from operations was €212M; sale of Santa Clara building added €26M.

• FX headwinds negatively impacted results by €28M.

Outlook and guidance

• Q1 2026 revenue expected at €182M ±3%, gross margin at 46.5% ±200 bps, and EBITDA margin at 35.4% ±200 bps.

• Full-year 2026 organic growth projected at 13%-16%, with Q1 and Q2 stronger than H2 due to cyclicality.

• Revenue target of €850–900M and EBITDA margin of 38–40% confirmed for 2027, now expected one year ahead of previous projections.

• Advanced Packaging segment expected to accelerate in 2026–2027; automotive and industrial segments showing early signs of recovery.