First Sensor (SIS) Q4 2025 earnings summary

Executive summary

• Sales declined to €105.6 million in FY2025, below the original forecast, mainly due to industrial market weakness and customer caution amid international trade uncertainties.

• Integration into TE Connectivity continued, with the sale of First Sensor Lewicki GmbH to focus on core business.

• Investment volume reached €6.8 million, in line with adjusted guidance, focusing on capacity expansion and process improvements.

• The company expects further sales decline in FY2026 due to the subsidiary sale and ongoing market challenges.

Financial highlights

• Revenue dropped from €121.4 million in FY2024 to €105.6 million in FY2025.

• EBITDA fell to €2.9 million (FY2024: €6.3 million), with an EBITDA margin of 2.8%.

• Operating income (EBIT) improved to €-7.9 million from €-18.2 million, EBIT margin at -7.5%.

• Net loss narrowed to €-8.2 million (FY2024: €-17.7 million).

• Earnings per share: €-0.79 (FY2024: €-1.72).

• Equity ratio remained strong at 81.5%.

• Net cash position at €24.0 million, down from €29.6 million.

• Free cash flow was €1.8 million (FY2024: €1.7 million).

Outlook and guidance

• FY2026 sales expected between €85–95 million, reflecting the loss of subsidiary revenue and continued weak demand.

• Investment budget for FY2026 set at €2.5–3.5 million, lower due to advance payments made in FY2025.

• No significant recovery anticipated in FY2026; medium-term outlook remains positive due to integration with TE Connectivity.