Sensirion Holding Ltd.

Latest Results (22.01.2026):

Sensirion Holding Ltd. — first half (H1) 2025 results (six months ended 30 June 2025): the company reported strong top-line growth and a return to profitability, driven by the ramp-up of A2L leakage sensors and stronger demand for environmental sensors in China. Revenue rose to CHF 184.5 million (+44.2% YoY; +45.5% organic local-currency), EBITDA turned positive at CHF 36.5 million (19.8% margin) and net profit was CHF 10.4 million (EPS CHF 0.67). Management confirmed full-year 2025 guidance (revenue CHF 320–340m; EBITDA margin mid‑ to high‑teens) while noting currency headwinds and limited visibility for H2.

Revenue headline

Revenue: CHF 184.5m in H1 2025, +44.2% vs H1 2024 (organic +45.5% in local currencies). Full‑year 2025 revenue guidance reiterated at CHF 320–340m (implying ~16–23% organic growth vs 2024).

Profitability and margins

Gross profit CHF 95.0m (gross margin 51.5% vs 46.6% prior year). Operating profit (EBIT) CHF 26.3m (14.2% of revenue). EBITDA CHF 36.5m (19.8% margin) vs EBITDA loss in prior year; net profit CHF 10.4m (5.7% of revenue; EPS CHF 0.67).

Cash flow and balance sheet

Operating cash flow CHF 28.4m (H1 2025) and free cash flow CHF 15.6m. Cash and cash equivalents CHF 68.2m; reported net cash position CHF 67.1m. Total assets CHF 369.2m, total equity CHF 298.9m.

Segment and market performance

By end market: Industrial CHF 107.0m (+69% YoY) driven by A2L leakage sensors; Automotive CHF 39.3m (flat / −1% YoY); Medical CHF 28.5m (+56% YoY); Consumer CHF 9.7m (+54% YoY). Management notes automotive weakness tied to Western auto industry structure and no major launches in H1.

Regional split

Revenue by region: APAC CHF 68.8m (37.3%), EMEA CHF 65.2m (35.3%), Americas CHF 50.6m (27.4%). The A2L opportunity has been concentrated in the US market, with production/fulfillment partly via Mexico to mitigate tariff effects.

Operational highlights

Key operational developments: successful ramp and completion of A2L leakage‑sensor production for US HVAC; start of production for a chip‑based CO₂ sensor and new highly integrated environmental sensor modules. 42% of revenue in H1 generated at new/global production sites, supporting diversification away from Swiss‑centric cost exposure.

M&A and restructuring

Acquisition: Sensirion Connected Solutions acquired Kuva Systems (Multisensor Scientific) effective 2 June 2025 to expand methane‑monitoring capabilities; transaction described as not material to liquidity or the annual forecast. Note: closure of Sensirion Connected Solutions GmbH in 2024 produced one‑off restructuring items that impacted 2024 comparatives.

Currency and financial-result impact

H1 2025 included a material financial loss (CHF 9.9m) largely from Swiss franc appreciation / FX effects. Management flagged USD depreciation versus CHF as a headwind and limited H2 visibility from currency and stimulus changes in China.

Workforce, capital and governance

Employees: 1,238 FTE at 30 June 2025. Capital: 15,615,723 registered shares outstanding (nominal CHF 0.10). No dividends were paid in the periods presented. AGM elected Mirjana Blume to the Board.

Outlook and risks

Outlook: FY2025 guidance confirmed (CHF 320–340m revenue; EBITDA margin mid‑to‑high teens), but H2 may see moderate cooling of A2L demand following front‑loading and possible reduction of China stimulus. Main near‑term risk factors: FX/headwinds, geopolitical trade dynamics and limited H2 visibility.