Payton Planar Magnetics (PAY) Q4 2025 earnings summary

Executive summary

• Sales revenues for 2025 were $47.8M, down 6% year-over-year, with net profit at $11.1M, a decrease from $13.3M in 2024.

• Acquisition of SI Manufacturing Inc. in California finalized October 1, 2025, consolidated into results.

• Backlog as of December 31, 2025 was $17.4M, rising to $19.3M by March 15, 2026, but down from $25.2M at end of 2024.

Financial highlights

• Gross profit for 2025 was $21.4M (45% margin), slightly down from $22.1M (44%) in 2024, with improved margin despite lower sales.

• Operating profit before financial result was $10.7M, down from $13.5M in 2024.

• Net finance income increased to $2.8M from $2.3M year-over-year.

• Net profit for 2025 was $11.1M, down from $13.3M in 2024; EPS was $0.63 vs. $0.75.

• Total comprehensive income for 2025 was $11.2M, compared to $13.3M in 2024.

Outlook and guidance

• Management expects continued integration of SI Manufacturing and is evaluating further expansion via collaborations and acquisitions.

• Global slowdown in end-markets persists, with conservative ordering and deferred deliveries; impact on results remains uncertain.

• Plans to invest in production capacity, automation, and new markets to expand customer base and market share.