Mobotix AG

Latest Results (03.05.2026):

MOBOTIX AG — financial results for the financial year 2023/24 (Oct 1, 2023–Sep 30, 2024) as reported in the Annual Report, with additional commentary on the first quarter of business year 2024/25 (Q1 2024/25). In FY 2023/24 MOBOTIX reported revenue of EUR 50.0m (down 20.8% year‑on‑year), an EBITDA of EUR 1.48m (margin 2.8%) and an EBIT loss of EUR 3.07m (margin -5.9%). The consolidated after‑tax loss was EUR -5.53m. Management highlights cost reductions, investment in R&D and digitalization, growing software contribution, and improved trading/EBIT in Q1 2024/25 (EBIT turned positive to EUR 1.4m), while liquidity relies on significant shareholder loan support and newly extended credit commitments.

Revenue and margins

FY 2023/24 revenue: EUR 50.00m (-20.8% vs FY 2022/23). EBITDA EUR 1.48m (2.8% margin) improved versus prior year; EBIT remained negative at EUR -3.07m (‑5.9% margin) and after‑tax loss totaled EUR -5.53m.

Operating cashflow and balance sheet

Operating cash flow was positive at EUR 6.00m (vs EUR 2.72m prior year). Total assets EUR 76.82m; equity EUR 12.88m (equity ratio down to 16.8% from 22.3%). Cash and cash equivalents were modest at EUR 1.31m as of Sep 30, 2024.

Costs and efficiency

Management implemented restructuring: personnel costs fell ~14% to EUR 21.8m (from EUR 25.4m), and other operating expenses were reduced from EUR 13.3m to EUR 7.9m. Investments continued in R&D, vertical sales and digital initiatives (e.g., new webstore).

Software and product mix

MOBOTIX emphasizes a shift to solutions: the software business (including VAXTOR) grew and represented about 13% of total revenue, supporting strategy to combine hardware with AI/software solutions (MOBOTIX ONE, VAXTOR apps, NurseAssist partnerships).

Receivables and impairments

Earlier bad‑debt provisions (EUR 3.2m booked in 2022/23) led to a EUR 0.2m reversal in 2023/24. Management continues active receivables management and credit control measures due to customer inventory reductions and delayed partner purchasing.

Liquidity, financing and shareholder support

Group liquidity depends heavily on shareholder support: intercompany loans from majority shareholder Konica Minolta were ~EUR 38.7m at Sep 30, 2024 (additional draws followed). On Feb 25, 2025, loan commitments totalling EUR 44.7m were extended to Mar 31, 2026, and a further EUR 8.5m credit line was made available (also to Mar 31, 2026). Unutilized commitments from the reporting year were EUR 4.0m. Bank liabilities of ~EUR 8.1m have short maturities, and the shareholder has contractually agreed to cover certain financing risks.

Q1 2024/25 trading update (first quarter)

Management reports a rebound in Q1 2024/25: group sales up ~20% vs Q1 2023/24 and EBIT improving from EUR -1.5m (Q1 prior year) to EUR +1.4m. Management states this is in line with the mid‑term plan and maintains the FY 2024/25 forecast.

Corporate developments and outlook

Strategic focus remains on DACH, Europe and the US and on verticals (industry, healthcare, energy). Product launches include the MOBOTIX ONE platform and thermal/AI apps; investments target AI and solution sales. Konica Minolta announced (Mar 26, 2025) sale of its 65% stake to CERTINA Software Investments AG (closing subject to antitrust review, expected May 2025), which may affect future financing/ownership dynamics.

Key risks

Principal risks highlighted: weaker-than-expected end‑market demand, delayed product rollouts (notably MOBOTIX ONE delays noted in the year), concentration risk with large partners reducing inventories, and continued reliance on shareholder loans for short‑to‑medium term liquidity.