PARIS, Jan. 14, 2026 /PRNewswire/ — EKINOPS (Euronext Paris – FR0011466069 – EKI), a leading supplier of optical transport, branch routing and cybersecurity SASE solutions for telecom operators and enterprises, today reports its consolidated revenue for FY 2025, ending on December 31, 2025.
|
m€ – IFRS |
2024 |
2025 |
Change |
|
12-month revenue |
117.7 |
105.0 |
-11 % |
Q4 revenue up +15% sequentially (vs. Q3 2025)
In Q4 2025, Ekinops reported consolidated revenue of 25.6 m€, down -14% compared to Q4 2024. On a sequential basis, Ekinops’ Q4 revenue increased by +15% compared to Q3 2025, in line with the company’s target set early October.
Olfeo, the French provider of SSE (Secure Service Edge) cybersecurity software, consolidated since June 1st 2025, contributed 1.6 m€ to Q4 2025 revenue.
Ekinops’ 2025 consolidated revenue amounted to 105.0 m€, down -11% compared to the previous year
(-14% at constant scope and exchange rates). Olfeo contributed 3.7 m€ to the annual revenue.
Software & Services up +27% in 2025 – ARR of 15.8 m€ at year-end 2025
Software & Services revenue grew strongly by +27% in 2025, driven notably by the increase in Ekinops’ service offerings and Olfeo’s contribution.
This segment now represents 25% of Ekinops’ total revenue, vs. 18% a year earlier.
A significant portion of the Software & Services revenue is recurring, which leads the Group to start reporting its ARR (Annual Recurring Revenue) from 2026. This metric reflects the annualized value of subscriptions and support contracts, excluding non-recurring components (professional services, hardware sales, perpetual …