Singulus Technologies (SNG) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was €48.3 million, a significant decline from €75.9 million in 2024, mainly due to delays in major contracts across all segments and subdued customer investment amid global economic uncertainty.

• EBIT dropped to -€11.7 million from -€0.7 million in the prior year, reflecting underutilization of capacity and persistent fixed costs.

• Net loss for 2025 was €-14.2 million, compared to €-5.4 million in 2024.

• A strategic partnership and new €29 million financing agreement were secured in March 2026, expected to improve future liquidity and earnings.

Financial highlights

• Gross margin declined to 29.0% from 33.6% year-over-year, mainly due to lower business volume.

• Operating expenses were €25.7 million, slightly down from €26.2 million in 2024.

• Research and development expenses increased to €6.0 million (2024: €4.8 million).

• Cash and cash equivalents at year-end were €6.2 million, down from €11.3 million.

• Order intake was €33.4 million (2024: €77.2 million); order backlog at year-end was €62.5 million (2024: €77.4 million).

Outlook and guidance

• Revenue for 2026 is expected to rise to approximately €83 million, with positive EBIT in the low single-digit millions, driven by the Solar and Semiconductor segments.

• Revenue distribution in 2026 is projected at a 2:1:1 ratio across Solar, Semiconductor, and Life Science.

• 2027 is forecasted to see further revenue growth and continued positive EBIT.