u-blox Holding AG

Latest Results (05.05.2026):

u-blox Holding AG — results for the six months ended June 30, 2025 (H1 2025, covering Q2 2025). The Group reported continuing-operations revenue of CHF 123.4m and a continuing-operations gross profit of CHF 71.7m, but an operating loss from continuing operations of CHF 7.7m. The consolidated net loss was CHF 46.3m, which includes a CHF 39.3m loss from the discontinued Cellular business (disposed to Trasna, closed June 6, 2025). Cash and cash equivalents stood at CHF 100.7m at June 30, 2025. Adjusted/alternative metrics show a positive EBITDA for continuing operations (CHF 7.9m), and free cash flow for H1 was CHF 5.4m.

Key income statement figures

Continuing operations — Revenue: CHF 123.426m; Gross profit: CHF 71.651m; Operating loss (EBIT): CHF –7.705m. Consolidated net loss (including discontinued operation): CHF –46.261m. Income tax benefit: CHF 2.965m. Basic EPS (continuing): CHF –0.93; Basic EPS (total): CHF –6.20.

Discontinued Cellular business (sale to Trasna)

Sale signed Mar 14 and closed June 6, 2025. Loss from discontinued operation (net of tax): CHF –39.301m for H1 2025. Impacts include inventory write-downs (CHF 15.9m), impairments (goodwill CHF 1.2m; PPE CHF 2.9m) and transaction costs (CHF 2.3m). Cash received at close was effectively nil (CHF 0), CHF 125k of disposed cash; the report notes CHF 12m expected cash inflows in H2 2025.

Profitability on continuing operations (APMs)

Continuing-operation EBITDA (IFRS) was positive CHF 7.905m (improved vs 2024). Adjusted EBITDA per the company’s APMs is ~CHF 8.7m. Cash EBIT (adjusted) is positive (company APM ~CHF 2.9m).

Cash flow and liquidity

Cash & cash equivalents: CHF 100.737m (up from CHF 90.947m at Dec 31, 2024). Net cash generated from operating activities: CHF 6.072m. Net cash used in investing activities: CHF –0.634m. Free cash flow: CHF 5.437m for H1 2025. No material financial liabilities reported (net cash position maintained).

Balance sheet highlights

Total assets: CHF 394.2m (Dec 31, 2024: CHF 437.9m). Inventories reduced sharply to CHF 22.3m (Dec 31, 2024: CHF 61.5m). Total equity: CHF 289.5m (Dec 31, 2024: CHF 321.0m). Deferred tax assets increased to CHF 31.1m. Contingent consideration (level 3) CHF 4.386m.

Revenue mix

Revenue by market: Automotive CHF 52.1m (42.2%), Industrial CHF 68.0m (55.1%), Consumer CHF 3.3m (2.7%). Product mix: Modules 73.0% (CHF 90.0m), Chips 25.9% (CHF 31.9m), Services 1.2% (CHF 1.5m). Regional split (billing location): Asia Pacific largest at CHF 69.8m (56.6%).

Shareholder / other items

Share capital: 7,567,984 registered shares (nominal CHF 10.50), share capital CHF 79.464m. Share-based payment expense recognized in H1 2025: CHF 3.3m (CHF 3.9m credited to equity). Board authorized publication Aug 5, 2025; no subsequent events requiring balance-sheet adjustments noted.