SEMCO Technologies (ALSEM) H2 2025 earnings summary

Executive summary

• 2025 revenue reached €34.2 million at variable exchange rates, up 29.5% year-over-year, surpassing the €33.0 million IPO target.

• EBIT margin rose to 40.7%, exceeding the 38.5% target and up 3.9 points from 2024.

• Net income increased by 46.2% to €10.1 million compared to 2024.

• Growth driven by a broader customer portfolio and successful qualification of eChucks with new industry players.

• All 2028 commercial, operational, and financial targets reaffirmed.

Financial highlights

• Revenue grew from €26.4 million in 2024 to €34.2 million in 2025 at variable exchange rates (+29.5%).

• Gross margin improved to €22.6 million (66.3% of revenue) from €17.2 million (65.3%) year-over-year.

• Adjusted EBITDA reached €12.6 million (37.0% margin), up from €10.1 million (38.3%).

• EBIT increased to €13.9 million (40.7% margin) from €9.7 million (36.8%).

• Net income rose to €10.1 million (29.6% of revenue) from €6.9 million (26.2%).

Outlook and guidance

• 2028 targets reaffirmed: revenue over €55 million, EBIT margin over 40%, and net income distribution over 30%.

• Confident outlook for 2026, focusing on industrialization, innovation, and international expansion.