Komax Holding Ltd.

Latest Results (08.11.2025):

Komax Holding Ltd.'s H1 2025 results reflect a challenging market environment with a notable downturn in revenues—down 13.3%—largely due to pressures in the automotive sector and adverse currency effects. However, the company managed to maintain a positive EBIT through significant cost-cutting and structural adjustments, while also making strategic investments in technology and localized production, particularly in China.

Market Conditions

The report highlights geopolitical uncertainties and a sluggish automotive industry, although there was a positive shift in industrial and infrastructure markets. The US tariff policy further dampened customers’ willingness to invest starting in April 2025.

Revenue and Order Intake

Revenues fell by 13.3% due to both organic declines and negative foreign currency impacts, whereas the order intake in H1 2025 improved slightly by 2.9% compared to the previous period. Regional performance varied, with notable challenges in Europe, North America, and Asia.

EBIT and Cost Savings

Despite the revenue decline, Komax Holding Ltd. reported a positive EBIT of CHF 6.2 million. Structural adjustments and intensified cost-cutting measures resulted in CHF 6 million savings, helping to stabilize earnings in the face of a challenging environment.

R&D and Strategic Investments

The company maintained a robust focus on innovation with an increased R&D ratio of 12.7% and continued efforts to bundle expertise. Investments in automation and localization, particularly at the Tianjin site in China, underscore their commitment to long-term sustainable growth.

Financial Stability

Komax Holding Ltd. remains on a solid financial footing with an equity ratio consistently above 50%. While free cash flow turned slightly negative at CHF –2.0 million, cost management and a strong balance sheet suggest resilience amidst market headwinds.