Revenue up, profit down for Gefran in 2025

The Gefran Board of Directors approved the Company’s draft annual financial statements, consolidated financial statements and sustainability report at 31 December 2025. “The results achieved in 2025 confirm the structural solidity of Gefran, with growing revenues, a solid financial position, and resilient demand, fuelled particularly by the Sensors business and expansion into Asian markets. Industrial investments, product innovation, and technological acquisitions have further strengthened the Group's competitive positioning, supported by positive cash generation. Looking to 2026, we continue with determination on our development path: we aim to accelerate market growth, increasingly enhance human capital, and strengthen production capacity, with the goal of sustaining growth and profitability over time. Although the start of the year shows demand still in a stabilization phase, we expect a first quarter with positive results in terms of revenues and margins, albeit at levels lower than in the same period of the previous year”, Marcello Perini, CEO of Gefran, stated.

Revenues amounted to 139 million euros, up 4.8% compared to 132.6 million 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%. Exchange rate fluctuations had a negative impact on revenues of about 1.9 percentage points. 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%. The Americas area, on the other hand, showed an overall contraction of 2.6%; 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, with positive contributions from all geographies. The automation components segment grew by 2.4%, influenced by the inclusion of CZ Elettronica. Order intake in 2025 showed an overall 5% increase compared to 2024. 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%).

Ebitda (gross operating margin) 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. Ebit as of 31 December 2025 was positive and amounted to 14.3 million euros (10.3% of revenues), as compared with an Ebit of 15.1 million euro in 2024 (11.4% of revenues), a decrease of 0.8 million euros. The group net profit as of 31 December 2025 was positive at 9.9 million euros (7.1% of revenues), compared with the net profit of 11.1 million euros in the previous year (8.4% of revenues), posting a decrease of 1.3 million euros.

The group closed 2025 with overall positive results, confirming its capacity for resilience already shown in the first few months of the year. Revenues grew, albeit in a scenario influenced by currency pressures and higher operating costs, which affected margins and resulted in a lower net profit compared to 2024. The order portfolio was up throughout the fiscal year and confirmed its robustness also in the first months of 2026 despite a slight decrease in revenues compared to the same period in 2025. Looking ahead to 2026, demand is showing mixed dynamics across sectors and geographical regions: the dynamism of technologically advanced sectors and Asian markets is confirmed, while caution remains in some cyclical segments and in European countries. In this scenario, the Group expects moderate revenue growth and positive margins to be maintained, continuing to monitor the evolution of the macroeconomic environment including any impacts resulting from the conflict in the Middle East, today hardly foreseeable and to pursue the strengthening of its competitive position.