Ascom Holding Ltd.

Latest Results (09.11.2025):

In the first half of 2025, Ascom Holding Ltd. delivered a mixed performance with stable net revenue at CHF 140.0 million and improved operational efficiency as evidenced by a significant increase in EBITDA to CHF 12.1 million (8.6% margin) despite challenging market conditions and currency headwinds. The company also reported a decrease in incoming orders and group profit, while reinforcing its balance sheet through a solid net cash position and initiating a share buyback program aimed at enhancing shareholder value.

Revenue Performance

For H1 2025, Ascom Holding Ltd.'s net revenue stood at CHF 140.0 million—a marginal change compared to H1 2024—with a stable performance at constant currencies. However, the actual figures reflected a slight decline, highlighting the challenges of market volatility and adverse currency movements.

EBITDA and Profitability

EBITDA increased by CHF 1.6 million to CHF 12.1 million, boosting the EBITDA margin from 7.4% to 8.6% compared to the previous period. While gross profit and operating improvements have been notable, group profit dropped to CHF 2.2 million, impacted by foreign currency exchange effects.

Incoming Orders and Operational Efficiency

Incoming orders for H1 2025 declined to CHF 156.6 million from CHF 166.1 million in H1 2024, partly due to delayed customer decisions and the impact of geopolitical uncertainties. Meanwhile, Ascom continued its cost improvement initiatives, streamlining its portfolio and reorganizing its regional structure to enhance customer focus and project delivery.

Financial Position and Share Buyback

Ascom Holding Ltd. ended H1 2025 with a strong liquidity position, holding CHF 29.5 million in cash and cash equivalents and an equity ratio of 37.9%. The company also launched a share buyback program of up to 3 million registered shares, with a maximum target of CHF 15.0 million, reinforcing its commitment to shareholder value.

Guidance for Fiscal Year 2025

Looking ahead, Ascom Holding Ltd. reaffirms its full-year guidance with an expectation of low single-digit revenue growth at constant currencies and an EBITDA margin target of 9–10% for 2025, underscoring its continued focus on strategic and operational enhancements.