Landis+Gyr Reports Strong Q4 and Full-Year Financial Results for FY 2025

Landis+Gyr Group AG, a recognized leader in energy technology, recently disclosed its unaudited financial results for the fourth quarter and entire fiscal year of 2025, ending on March 31, 2026. The company, which is listed on the SIX Swiss Exchange under the symbol LAND, demonstrated solid performance across its operations, particularly in the Americas and Asia Pacific markets. Notably, the results related to EMEA operations have been categorized as discontinued operations, reflecting a strategic shift in focus.

Fourth Quarter Highlights

In the fourth quarter of fiscal year 2025, Landis+Gyr reported impressive net revenues that surged by 24.8% year-over-year, reaching a total of $352.4 million. The company also achieved an adjusted gross margin of 36.7%, alongside a robust order intake of $346.3 million, leading to a favorable book-to-bill ratio of 1.0. This performance can largely be attributed to disciplined execution and effective operational strategies that contributed to the company's strong outcomes.

Full-Year Performance Results

For the entire fiscal year, Landis+Gyr reported a total net revenue of $1,166.2 million, reflecting a 4.2% increase from the previous year. The growth was primarily fueled by a remarkable 7.8% increase in the Americas region. The company's adjusted EBITDA increased by 10.9% to $167.5 million, culminating in an EBITDA margin of 14.4%, which is an improvement of 90 basis points.

Despite reporting a net loss of $166.6 million due to a non-cash impairment relating to the divestment of the EMEA segment, the income from continuing operations stood at $41.2 million, translating to earnings of $1.43 per share. Furthermore, Landis+Gyr recorded cash flow from operating activities of $98.3 million, escalating by 24.6%, which helped improve its net debt to adjusted EBITDA ratio, settling at 0.9 times.

Shareholder returns amounted to approximately $70 million in the fiscal year 2025. The board has proposed a distribution of CHF 1.20 per share, which is an increase of 4.3% compared to the previous year.

Strategic Milestones and Future Outlook

Notably, Landis+Gyr achieved a significant strategic milestone with the successful divestiture of its EMEA business in April 2026. Looking ahead to fiscal year 2026, the company projects net revenues to be between $1,075 million and $1,125 million, alongside an expected adjusted EBITDA margin ranging from 14.5% to 15.5%.

CEO Peter Mainz stated, “In financial year 2025, we executed on both our strategic transformation and operational targets. The divestment of our EMEA business has positioned us as a focused global player with enhanced profitability. Our backlog is close to $4 billion, which serves as a strong foundation for our future.”

CFO Davinder Athwal emphasized the disciplined approach taken throughout the year, noting that their project-driven business model may lead to fluctuations quarter-to-quarter as they prepare for large-scale deployment initiatives in 2026. Nonetheless, they anticipate positive underlying trends continuing into the future.

With sustained momentum in their grid edge technologies and a well-structured operational strategy, Landis+Gyr is entering FY 2026 with renewed vigor and a commitment to deliver sustainable value. For more information, visit their website at www.landisgyr.com.

For a full reconciliation of non-GAAP measures, refer to the provided ad hoc announcement.