Mobotix AG

Latest Results (24.07.2026):

This summary covers Mobotix AG's financial results for the business year 2023/24 (year ended 30 Sep 2024) and the company’s reported development in Q1 of business year 2024/25. In FY 2023/24 Mobotix delivered revenue of EUR 50.0m (down 20.8% y/y), EBITDA of EUR 1.48m, EBIT of EUR -3.07m (improved vs. -3.88m prior year) and a consolidated net loss of EUR -5.53m. Operating cash flow strengthened to EUR 6.00m. The period saw cost reductions (HR costs down to EUR 21.8m), a strategic shift toward software/vertical solutions (VAXTOR and software now ~13% of revenue), continued product development (MOBOTIX ONE) and material reliance on shareholder-provided financing; Q1 FY 2024/25 showed sales growth and an EBIT turnaround (Q1 EBIT improved to EUR 1.4m).

Top-line and margins

Revenue: EUR 50.0m in FY 2023/24 (-20.8% vs FY 2022/23). EBITDA margin improved to 2.8% (EBITDA EUR 1.48m). EBIT was EUR -3.07m (margin -5.9%), an improvement versus the prior year’s -3.88m.

Profit & cash flow

Consolidated after-tax loss was EUR -5.53m (slightly worse than prior year). Operating cash flow rose to EUR 6.00m (from EUR 2.72m), supporting near-term liquidity despite the loss.

Cost control and headcount

Management implemented restructuring and cost measures: total HR costs fell ~14% to EUR 21.8m and employee headcount fell (291 at reporting date vs 345 prior year), helping improve operating profitability.

Software & strategic shift

MOBOTIX increased focus on software and vertical solutions; VAXTOR/software-related revenue accounted for about 13% of total revenue and is a strategic growth area as the company shifts from hardware toward solution offerings.

Product development

Key product activity included the launch of the MOBOTIX ONE camera platform and related AI/apps (ActivitySensor ONE, Thermal Validation App). The MOBOTIX ONE platform launch was delayed, which contributed to the FY sales shortfall.

Q1 FY 2024/25 development

Mobotix reported a recovery in Q1 of business year 2024/25: group sales up ~20% versus Q1 of the prior year and EBIT improved from EUR -1.5m to EUR 1.4m. Management maintained the mid‑term plan and FY 2024/25 forecast.

Balance sheet and financing

Total assets EUR 76.8m, equity EUR 12.9m (equity ratio 16.8%). Cash and equivalents were modest (~EUR 1.31m). The company is dependent on significant intercompany financing from the majority shareholder (EUR ~38.7m as of 30 Sep 2024) and subsequent extensions/commitments (disclosed extensions and additional credit lines in Feb/Mar 2025). Liquidity and bank loan maturities remain a key risk.

Corporate/ownership update & outlook

Konica Minolta (majority shareholder) extended financing and later announced sale of its 65% stake to CERTINA (announcement Mar 26, 2025; closing subject to antitrust). Management highlights continued focus on DACH, Europe and US, verticals (healthcare, industry, energy) and software-driven margin improvement going forward.

Key risks to watch

Main near-term risks: continued weak demand in some markets, execution/timing of MOBOTIX ONE roll‑out, customer inventory adjustments, and dependence on shareholder loan facilities and their renewal or replacement by new owner post‑transaction.