Seco (IOT) Q4 2025 TU earnings summary

Executive summary

• FY 2025 guidance exceeded, with revenues surpassing €200M at constant FX and gross margin above 50%.

• Net sales reached €200.7M at constant FX, up 9.4% year-over-year; €197.6M at current FX, up 7.7% year-over-year.

• Clea business contributed €21.0M, representing 11% of net sales.

• Edge computing revenue expanded by 9% year-over-year to €176.6M.

• New production facility in Arezzo nearing completion to expand manufacturing capacity.

Financial highlights

• Net sales for 2025 were €197.6M, an increase of €14.1M (+7.7%) compared to 2024.

• Gross margin improved to 53.4% of revenues, up from 52.7% in 2024.

• Clea business generated €21.0M in revenue, consolidating its position.

Outlook and guidance

• Management confirmed that FY 2025 guidance was exceeded, with expectations of continued growth.

• Market fundamentals remain strong, driven by rapid adoption of Edge AI and increased demand for on-device computing.