Frequentis (FQT) investor relations material

Executive summary

• Achieved double-digit growth in order intake (up 17%) and revenues (up 21%) in 2025, with order intake reaching EUR 680 million and revenues at EUR 580.1 million, driven by organic growth.

• EBIT rose to EUR 46.8 million, with an EBIT margin of 8.1%, supported by an EUR 8 million claim settlement in Public Safety & Transport.

• Net cash position at year-end was EUR 104.7 million, including EUR 87.1 million in customer prepayments.

• Orders on hand reached nearly EUR 800 million, ensuring strong capacity utilisation and future revenue visibility.

• Global headcount increased by over 200, reaching approximately 2,600 employees.

Financial highlights

• Revenues rose 20.8% to EUR 580.1 million; EBIT increased 45.7% to EUR 46.8 million; profit for the year was EUR 33.7 million.

• EBITDA reached EUR 66.9 million (margin 11.5%); earnings per share EUR 2.13, up 28.6% year-over-year.

• Dividend of EUR 0.30 per share proposed for FY2025, up 11.1%.

• Equity ratio at 38.6%, with total assets up 29% to EUR 509.3 million.

• Net cash position supported by customer prepayments and strong working capital management.

Outlook and guidance

• Revenue expected to grow by about 10% in 2026, with a targeted EBIT margin of around 7%.

• CapEx planned at EUR 15 million; internally funded R&D to remain around 6% of revenues in 2026.

• Guidance subject to risks from inflation, hardware shortages, supply chain uncertainties, and geopolitical tensions.

• Conservative outlook for 2026 due to global uncertainties and U.S. political risk.

• Midterm EBIT margin target of 10% by decade's end, dependent on successful product transitions and stable global conditions.