The Board of Directors of SECO S.p.A. (“SECO” or the “Company”) met today and approved the draft of the annual report as well as the consolidated results as of December 31, 2025, inclusive of sustainability reporting, which will be submitted for approval at the Shareholders’ Meeting, that will be called for April 27, 2026, in a single call.
- FY25 Net sales: €197.6M (+7.7% YoY)
- €200.7M revenues at constant FX (+9.4% YoY) – exceeding the guidance
- Clea revenues: €21.0M (11% of Net sales)
- Adjusted Gross margin: €105.9M (54% of Net sales) vs. €96.8M (53% of Net sales) in FY24
- Adjusted EBITDA: €40.2M (20% of Net sales) vs. €28.2M (15% of Net sales) in FY24
- Adjusted Net income: €13.1M (7% of Net sales) vs. €1.4M (1% of Net sales) in FY24
- €13.6M cash generation in 4Q25
- Adjusted Net financial debt as of December 31st to €37.6M vs. €41.3M as of 31st December 2024
1Q26 guidance – We expect revenues of €49M+
Massimo Mauri, CEO of SECO, commented:
“I am very satisfied with the results achieved in 2025: we delivered solid revenue growth, maintained strong margins, and realized a good cash generation significantly improving our financial position. As SECO continues to evolve into a full-solution Edge AI company, we combine advanced hardware platforms with the Clea software framework, offering a unique differentiator for OEMs navigating the digital transformation of their products: accelerating time-to-market, enabling scalable AI deployment, and supporting compliance with emerging cybersecurity regulations. Looking ahead to 2026, we expect continued positive momentum. Early indicators, including a record order intake for the month of February, suggest robust demand, while targeted pricing strategies will help mitigate margin pressures from memory components market. We remain focused on delivering superior value to our customers and driving sustainable shareholder returns”.