Mobotix AG

Latest Results (24.12.2025):

Mobotix AG — reporting on the company’s full fiscal year 2023/24 (October 1, 2023 – September 30, 2024); the Annual Report also provides a Q1 update for business year 2024/25. For FY 2023/24 Mobotix recorded revenue of EUR 50.0m (down ~20.8% vs prior year), an EBITDA of EUR 1.48m, an EBIT loss of EUR 3.07m and a consolidated net loss of EUR 5.53m. Management cites a delayed commercial ramp of the MOBOTIX ONE platform, sales-channel restructurings and partner inventory reductions as main causes for the revenue shortfall, while cost reductions and software growth provide offsetting improvements; early Q1 FY 2024/25 trends show a recovery in sales and profitability versus the previous-year quarter.

Revenue and margins

FY 2023/24 revenue: EUR 50.0m (–20.8% YoY). Total operating output EUR 52.4m. EBITDA EUR 1.48m (margin 2.8%); EBIT EUR –3.07m (margin –5.9%, same margin percentage as prior year).

Profit / loss and cash flow

Consolidated net loss EUR –5.53m (previous year –5.41m). Cash flow from operating activities improved to EUR 6.00m (from EUR 2.72m), supporting operational liquidity despite the loss.

Costs, efficiency and business mix

Management implemented cost reductions: personnel expenses down ~14% to EUR 21.8m (from EUR 25.4m) and other operating expenses reduced to EUR 7.9m (from EUR 13.3m). Software (VAXTOR) sales grew and accounted for ~13% of total revenue — indicating a shift from hardware toward higher‑margin software/solutions.

Balance sheet and liquidity position

Equity EUR 12.88m (equity ratio 16.8%). Total assets EUR 76.82m. Cash and cash equivalents were low at EUR 1.31m at year end, underscoring reliance on committed credit lines and shareholder support.

Financing and shareholder support

Intercompany loans from majority shareholder (Konica Minolta) were material — reported at EUR 38.7m as of 30 Sep 2024 and expanded subsequently. On 25 Feb 2025 loan commitments totaling EUR 44.7m were extended to 31 Mar 2026, and an additional EUR 8.5m facility was provided; Konica Minolta announced on 26 Mar 2025 a planned sale of its 65% stake to CERTINA (subject to review).

Product & go‑to‑market developments

Mobotix continued product investment (MOBOTIX ONE platform, thermal/validation apps, cloud/network offerings) and digitalization (new webstore). Management attributes part of the FY shortfall to a delayed commercial launch/roll‑out of the ONE platform and reorganized sales channels, but emphasizes long‑term strategy toward AI-enabled solutions and vertical markets (healthcare, industry, utilities).

Quarterly update (Q1 FY 2024/25) — early recovery signal

Management reports Q1 of business year 2024/25 showed sales up ~20% versus Q1 of FY 2023/24 and EBIT improving from EUR –1.5m (Q1 prior) to EUR +1.4m (Q1 FY 2024/25), supporting the company’s mid‑term plan and FY 2024/25 forecast at the time of the report.

Key risks and outlook

Main near‑term risks are financing/creditworthiness and customer inventory adjustments; management is prioritizing core markets (DACH, Europe, US), further cost rationalization and growth of software/AI solutions to improve margin and cash generation going forward.