Ascom reports solid 2025 full-year results

Ad hoc announcement pursuant to Art. 53 LR
Baar, Switzerland, 9 March 2026

Ascom’s 2025 financial year marked an important step forward. The Company strengthened its operational performance and while challenges remain, the progress underlines that Ascom is moving in the right
direction.

SUMMARY OF THE FINANCIAL RESULTS 2025

• Net revenue: CHF 292.1 million (2024: CHF 286.7 million), growth of 3.8% at constant currencies and 1.9% at actual currencies
• EBITDA: CHF 34.3 million (2024: CHF 21.3 million), EBITDA margin of 11.7% (2024: 7.4%)
• Group profit: CHF 15.1 million (2024: CHF 3.7 million), earnings per share CHF 0.43 (2024: CHF 0.10)
• Net cash position: CHF 29.6 million as of 31 December 2025 (2024: CHF 18.6 million)
• Equity ratio: 40.0% (2024: 39.2%)

Shareholder distribution

• Dividend proposal: CHF 0.20 per share
• Share buyback program: As of 31 December 2025, 1.8 million shares bought back for a total of CHF 6.8 million. The maximum repurchase amount is fixed to CHF 15 million. The remaining 1.2 million shares are expected to be repurchased in 2026 at a potentially higher share price than in 2025, resulting in a cash outflow of up to CHF 8.2 million
• Together with the proposed 2026 dividend payment, return to shareholders amounts to a maximum of CHF 14.9 million, representing up to CHF 0.45 per share

Guidance for fiscal year 2026

• Low to mid-single-digit revenue growth at constant currencies
• EBITDA margin of 10-12%

Leaner organization

Early in 2025, Ascom completed a substantial organizational redesign, consolidating six regions into three: North, South, and USA & Canada. Global functions were aligned to be more synergistic and closer to the regions. These changes enhanced cooperation, improved project execution, and strengthened Ascom’s ability to respond to customer needs with greater clarity and efficiency.

Improved Performance and profitability
Ascom’s 2025 business development demonstrated solid strategic execution. The Company generated net revenue of CHF 292.1 million for fiscal year 2025 (2024: CHF 286.7 million), reflecting growth of 3.8% at constant currencies and 1.9% at actual currencies.
Performance improved across all three regions. Region USA & Canada delivered the strongest growth, with revenue up 7.3% at constant currencies, supported by a major order delivery in December 2025. Region South grew by 4.5% at constant currencies, driven by strong results in Germany, Italy, and Central and Eastern Europe. Region North increased net revenue by 1.5% at constant currencies, with steady demand in Norway and Sweden.