Revenue growth for Gefran as at 31 December 2025

The Board of Directors of Gefran reviewed the Group’s preliminary consolidated results for the financial year ended 31 December 2025; the consolidated financial statements will be approved on 12 March.

In 2025, revenues amounted to 139 million euros, up 4.8% compared to 132.6 million euros in 2024. The increase includes the contribution of the acquisition of CZ Elettronica, which entered the scope of consolidation in April 2025 for a total value of 1.6 million euros; net of this transaction, organic revenue growth would stand at 3.6%.

The breakdown of revenues by geographical region confirms a positive evolution in most of the markets in which the Group operates. In Italy growth was equal to 8.7% which, when considering the same scope, would amount to 4.9%. Also Europe recorded an increase of 1.6%, while Asia showed an increase of 7.8%, which would reach 12.5% at constant exchange rates. The Americas area, on the other hand, showed an overall contraction of 2.6%, mainly due to exchange rate fluctuations; at the same exchange rates, also this area would have shown a positive change of 2.6%.

Looking at business areas, the sensors segment posted growth of 7.4% compared to 2024, which would rise to 9.9% net of exchange rate fluctuations, with positive contributions from all geographies, especially Italy and Asia. The automation components segment grew by 2.4%, influenced by CZ Elettronica entering the consolidation scope; when considering the same scope, the figure would instead show a slight decline of 1.2%.

Order intake in 2025 showed an overall increase of 5% compared to 2024, which would stand at 4.5% when excluding the contribution of the acquired company. The increase was driven by the growth in orders in the sensors business (+6.9%), while the automation components sector posted a more modest increase (+1.5%).

The Gross Operating Margin (Ebitda) as at 31 December 2025 was positive at 22.4 million euros, equal to 16.2% of revenues, compared to 23.1 million euros at the end of 2024 (equal to 17.4% of revenues). The greater added value generated by sales volumes was not sufficient to offset the increase in operating costs, resulting in a slight decrease in Ebitda of 0.6 million euros. The main factors behind increased costs include higher other operating costs and higher personnel costs, linked both to workforce strengthening and to the general increase in salaries in an inflationary scenario.

The net financial position as at 31 December 2025 was positive and amounted to 32.8 million euros, while the figure at the end of 2024 was positive by 34.2 million euros. It comprises net short-term cash and cash equivalents totalling 47 million euros, and net medium/long-term debt of 14.2 million euros.