“SAF Tehnika” publishes its audited consolidated and non-consolidated financial statements for financial year 2024/ 2025 (from July 1, 2024 - June 30, 2025) according to Section 56th, 5th paragraph of „Law on the Financial Instruments Market”.
During the reporting year, new products were developed, and faster-to-implement product development initiatives were launched. The Group also provided product-related services and continued to develop tailored functionality for SAF Tehnika JSC products in response to specific customer requests. The Group continues to actively research the market and identify critical issues in order to propose necessary product modifications and develop prototypes for next-generation technologies. At the same time, it is advancing IoT solutions for both business and consumer segments, diversifying its product portfolio, enhancing the added value of SAF Tehnika products, and driving growth in the Group’s revenue.
The Group’s export accounted for 97% of the total turnover (Parent Company: 96%) and amounted to EUR 25.24 million (Parent Company: EUR 21.06 million). In the reporting year, the Group sold its products in 87 countries around the world.
The global electronics services market continues to be affected by trade tensions between the US and China; however, this has not had a material impact on the Group’s sales volumes to date. Import duties on microwave equipment imported into the US from the European Union remain unchanged, while a 15% duty applies to the Aranet product line. During the reporting period, uncertainty persisted in trade relations between Canada and the US, with differing interpretations regarding the application of rules of origin for certain goods and the procedures for applying customs relief. To mitigate potential risks related to supply chains and customs costs, the Group established a subsidiary in Canada during the financial year.
During the reporting year, the Group invested EUR 812 thousand in IT infrastructure, production and research equipment, software and licenses, product certification, and premises renovation.
The Group closed the financial year 2024/2025 with a loss of EUR 643 thousand (Parent Company: EUR 552 thousand). In the previous financial year, the Group recorded a loss of EUR 2.37 million (Parent Company: EUR 1.34 million).
The Group’s management assesses the loss situation for the reporting year as temporary and not affecting the long-term stability of the company. Both the Group`s and Parent company`s cash flow has been positive during the reporting year. The Group will continue its chosen strategy of developing competitive wireless data transmission products and solutions for new export markets, focusing on strategic market niches in terms of both products and regions.
The Board of the Parent Company proposes to cover the losses from the reporting year with profits from previous years.
Attachments:
- Audited Consolidated financial statements and Separate financial statements for “SAF Tehnika” for the year ended June 30, 2025
- Corporate Governance report for financial year 2024/2025
- Remuneration Report for the year ended June 30, 2025