PARIS, March 11, 2026 /PRNewswire/ — EKINOPS (Euronext Paris – FR0011466069 – EKI), European leader in optical networking and secured connectivity solutions for service providers, enterprises and public organizations, reports its FY 2025 financial statements (for the period ended 31 December 2025), as approved by the Board of Directors on 11 March 2026. The statutory auditors have finished auditing the consolidated financial statements and the certification report will be issued shortly.
|
m€ – IFRS |
2024 |
2025 |
|
Revenue |
117.7 |
105.0 |
|
Gross margin |
64.5 |
60.2 |
|
As a % |
54.8 % |
57.3 % |
|
Operating expenses |
58.1 |
60.2 |
|
EBITDA1 |
18.0 |
10.5 |
|
As a % |
15.3 % |
10.0 % |
|
Current operating income (EBIT) |
6.5 |
0.0 |
|
Other operating income and expenses |
-11.4 |
-3.2 |
|
Operating income |
-5.0 |
-3.2 |
|
Consolidated net income (expense) |
-7.0 |
-7.2 |
|
1 EBITDA (Earnings before interest, taxes, depreciation, and amortization) |
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105.0 m€ in revenue in FY 2025
In FY 2025, Ekinops recorded consolidated revenue of 105.0 m€, down -11% compared to FY 2024 (-14% at constant scope and exchange rates). Olfeo, the French provider of SSE (Secure Service Edge) cybersecurity software acquired on 1 June 2025, contributed 3.7 m€ to annual revenue.
Access equipment sales declined by -15%, impacted by lower activity with the Group’s largest customer in France. Excluding the impact of this customer, Access revenue would have remained stable Y-o-Y.
Optical Transport activity decreased by -12% compared to FY 2024, mainly reflecting reduced activity in North America, where two major customers slowed their investments following post-consolidation reorganizations.
FY 2025 was notably marked by strong growth of +27% in Software & Services sales, which accounted for 25% of the Group’s total annual revenue, driven by the expansion of service offerings and the contribution from Olfeo.
The Group is now reporting its ARR (Annual Recurring Revenue)[1] in order to monitor the ramp-up of recurring revenue in line with the ambitions of the Bridge …