Ascom preliminary results 2025

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Ad hoc announcement pursuant to Art. 53 LR
Baar (Switzerland), 15 January 2026

Financial Post

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Based on preliminary unaudited figures, Ascom reports for fiscal year 2025 net revenue of CHF 292.1 million, which is an increase of around 3.8% at constant currencies, and an EBITDA margin of around 11.5% to 12.0%.

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Ascom generated net revenue of CHF 292.1 million for fiscal year 2025 (2024: CHF 286.7 million), which reflects an increase of around 3.8% at constant currencies. At actual currencies, the generated revenue represents an increase of 1.9% compared to the previous year, based on preliminary unaudited figures.

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Revenue development in constant currencies showed an increase in all three regions. The best performance was achieved in the Region USA & Canada, with a revenue growth of 7.3%. The performance of this region was supported by one very large order, delivered in December, which contributed to growth and profitability. Region South grew by 4.5%, especially in Germany, Italy, and Central and Eastern Europe. Region North increased the net revenue by 1.5%, compared to 2024, driven by the key markets Norway and Sweden.

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Incoming orders amounted to CHF 311.1 million (2024: CHF 307.4 million), representing an increase of 3.2% at constant currencies and of 1.2% at actual currencies. The order backlog stood at CHF 310.7 million as of year-end 2025 (31.12.2024: CHF 301.5 million).

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Ascom expects to achieve for fiscal year 2025 an EBITDA margin of around 11.5% to 12.0% (2024: 7.4%). This increase is mainly explained by the increased revenue, the continued operational improvements, as well as the above-mentioned order in the USA.

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In line with the higher EBITDA margin, the 2025 Group profit is expected to increase significantly to a low double-digit million amount in CHF (2024: CHF 3.7 million).

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Ascom continues to have a solid balance sheet with a net cash position of CHF 29.6 million as of year-end 2025 (31.12.2024: CHF 18.6 million) and an equity ratio of around 40%.

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Annual Media Conference 2026
The full details of the financial statements and the 2025 Annual Report, including the dividend proposal and 2026 guidance, will be published on 9 March 2026.

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