Cogelec (ALLEC) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 revenue reached €19.7m, up 13% year-over-year, with nine-month revenue at €62.3m, up 15.1% year-over-year.

• Growth driven by the Intratone brand's strong positioning in GSM intercom systems and recurring subscription revenue.

• Full-year 2025 targets for revenue and EBITDA growth reaffirmed, supported by new commercial alliances.

Financial highlights

• Q3 2025 revenue increased by 13% compared to Q3 2024.

• Nine-month revenue rose 15.1% year-over-year to €62.3m.

• Subscription revenue grew 17.2% in Q3 2025, totaling €20.2m for the first nine months.

• Recurring subscription revenue represented 32.4% of total revenue at Q3 2025 end.

Outlook and guidance

• 2025 targets for higher revenue and EBITDA growth than 2024 are confirmed.

• Recent alliances with Amazon Key and Fichet Group expected to support sales in coming months.

• New product range for Europe anticipated to boost sales and market share from early 2026.