FRIWO, an international product and system provider of power supplies and charging technology, has announced preliminary unaudited results for the 2025 financial year, confirming that it met its annual targets. Group revenue stood at €77.4 million, within the projected range of €75 million to €85 million, though below the prior year’s €93.0 million. The decline was partly due to the application of IFRS 15 revenue recognition standards and negative currency effects.
Despite lower revenue, the company achieved a notable improvement in profitability. Gross profit rose thanks to significant reductions in manufacturing costs, efficiency gains across the value chain, and a more favorable product mix. EBIT turned positive, moving from a loss in previous years to a profit. The consolidated result benefited from one-off gains related to the disposal of minority interests in the Indian joint venture and the sale of the DIN rail business, resulting in a positive figure in the low double-digit million euro range.
Dominik Woeffen, CEO of FRIWO AG, described 2025 as “a year of transformation” and noted that the strategic and economic progress was marked by a comprehensive portfolio restructuring that streamlined operations and enhanced competitiveness. Fellow board member Ina Klassen highlighted the successful financial restructuring, which led to a “rock-solid balance sheet with an equity ratio of over 30%.” The equity ratio had been just 5.3% in the previous year. Klassen added that the company aims to develop into a sustainably profitable and growing technology group.
The number of employees declined to 866 by year-end (down from 1,206 at the end of 2024), with around 90% of staff based in Vietnam. The Industrial Applications and Medical & Healthcare business segments performed particularly well during the year.
FRIWO will publish its audited annual financial statements, annual report, and forecast for 2026 on April 23, 2026. Further details will be presented by the Management Board in a conference call. Additional information about the company is available on its investor relations page.
