FRIWO AG, an international provider of power supplies and charging technology, has achieved its annual targets for the 2025 financial year based on preliminary, unaudited figures. The company reported group revenue of €77.4 million, which fell within the planned target range of €75 to €85 million. This revenue figure was significantly below the previous year's €93.0 million, a reduction attributed to the application of IFRS 15 accounting standards for revenue recognition and negative currency effects.
The company's Industrial Applications and Medical & Healthcare business segments performed well during the reporting period. Gross profit improved thanks to a significant reduction in manufacturing costs, noticeable efficiency gains across the entire value chain, and a more favorable product mix. EBIT (earnings before interest and taxes) developed as forecast, moving from losses in previous years to profitability. The consolidated result achieved a positive figure in the low double-digit million euro range, benefiting from one-off effects including the disposal of minority interests in the Indian joint venture and the sale of the DIN rail business.
Dominik Woeffen, CEO of FRIWO AG, commented that 2025 was a year of transformation marked by comprehensive portfolio restructuring that streamlined structures and improved competitiveness. Fellow board member Ina Klassen noted the company has financially restructured and now reports a solid balance sheet with an equity ratio exceeding 30%, compared to 5.3% in the previous year. This strengthened financial position provides a foundation for developing FRIWO into a sustainably profitable and growing technology group.
The company's workforce declined to 866 employees by year-end, down from 1,206 at the end of 2024, with approximately 90% continuing to work at Vietnamese locations. FRIWO will publish its audited annual financial statements, annual report, and forecast for the 2026 financial year on April 23, 2026, with management presenting details in a conference call. Further information about the company can be found on the investor relations pages at https://www.friwo.com/en/about/investor-relations.
The financial turnaround represents significant progress for FRIWO following strategic restructuring efforts. The improved equity ratio from 5.3% to over 30% indicates substantially strengthened financial health and reduced leverage, which enhances the company's stability and capacity for future investment. The return to profitability in EBIT demonstrates that operational improvements and portfolio changes are yielding tangible results, potentially restoring investor confidence in the company's direction.
For the power supply and charging technology industry, FRIWO's transformation provides a case study in how strategic portfolio management and operational efficiency can drive financial recovery. The company's focus on profitable segments like Industrial Applications and Medical & Healthcare suggests a more targeted approach to market opportunities. The workforce reduction, primarily affecting non-Vietnamese operations, reflects ongoing industry trends toward optimizing global manufacturing footprints while maintaining development capabilities in key markets.
The successful financial restructuring positions FRIWO to compete more effectively in growing markets such as e-mobility and medical technology, where reliable power solutions are increasingly critical. The company's strengthened balance sheet may enable increased investment in research and development for next-generation charging technologies and power management systems. As global demand for efficient power solutions continues to grow across multiple sectors, FRIWO's improved financial position could facilitate expansion into new applications and geographic markets.
