Melexis Q4 and FY 2025 results – Full year sales of 839.6 million EUR
Press release - Regulated Information
Intermediate declaration by the Board of Directors
Ieper, Belgium – February 4th, 2026, 07.00 hrs CET
Sales for the full year 2025 were 839.6 million EUR, a decrease of 10% compared to the previous year. The EUR/USD exchange rate evolution had a negative impact of 2% on sales compared to 2024.
The gross result was 324.0 million EUR or 38.6% of sales, a decrease of 19% compared to last year. R&D expenses were 13.8% of sales, G&A was at 6.5% of sales and Selling was at 2.4% of sales.
The operating result was 134.0 million EUR or 16.0% of sales, a decrease of 39% compared to 219.9 million EUR in 2024.
The net result was 112.5 million EUR or 2.78 EUR per share, a decrease of 34% compared to 171.4 million EUR or 4.24 EUR per share in 2024.
Sales for the fourth quarter of 2025 were 214.5 million EUR, an increase of 9% compared to the same quarter of the previous year and stable compared to the previous quarter. The EUR/USD exchange rate evolution had a negative impact of 3% on sales compared to the same quarter of last year and no impact on sales compared to the previous quarter.
The gross result was 82.3 million EUR or 38.4% of sales, an increase of 6% compared to the same quarter of last year and a decrease of 1% compared to the previous quarter.
R&D expenses were 14.5% of sales, G&A was at 6.7% of sales and Selling was at 2.5% of sales.
The operating result was 31.5 million EUR or 14.7% of sales, an increase of 14% compared to the same quarter of last year and a decrease of 17% compared to the previous quarter.
The net result was 22.6 million EUR or 0.56 EUR per share, an increase of 24% compared to 18.3 million EUR or 0.45 EUR per share in the fourth quarter of 2024 and a decrease of 18% compared to the previous quarter.
Dividend
The Board of Directors approved on February 2, 2026 to propose to the Annual Shareholders meeting to pay out over the result of 2025 a total dividend of 3.70 EUR gross per share. This amount contains an interim dividend of 1.30 EUR per share which was paid in October 2025 and a final dividend of 2.40 EUR per share which will be payable after approval of the Annual Shareholders meeting. The Melexis shares will start trading ex coupon on May 19, 2026 (opening of the market). The record date is May 20, 2026 (closing of the market) and the dividend will be payable as from May 21, 2026.
Outlook
Melexis expects sales in the first quarter and first half of 2026 to be around the same levels as the previous year. Sales in the second half of 2026 are expected to grow compared to the first half of 2026. For the first half of 2026, Melexis expects a gross profit margin around 40% and an operating margin around 17%, all taking into account a EUR/USD exchange rate of 1.17. For the full year 2026, Melexis expects CAPEX to be around 40 million EUR.
Business update
Sales of 214.5 million EUR in the fourth quarter of 2025 landed at the low end of the guidance, and resulted in sales of 839.6 million EUR for the full year 2025. The outperforming product lines of 2025 were motor drivers and inductive position sensors. Sales for automotive applications represented 89% of total sales in the fourth quarter of 2025, and 88% of total sales for the full year.
Melexis launched 19 new products in 2025. Highlights include an inductive position sensor designed for next-generation automotive applications, particularly well suited for modern steering and braking applications including steer-by-wire implementations. We created our newest product line, protective devices, building on the company's motor control and current sensing expertise. Launching our first product, an integrated “snubber”, extends driving range by protecting and optimizing the performance of silicon carbide (SiC) power modules, designed for automotive and industrial high-voltage applications. We continue to lead innovation in automotive ambient lighting with a code-free driver. By significantly streamlining the development cycle, this solution lowers the barrier to entry for our customers and accelerates our market expansion.
Quote from CEO Marc Biron
"We delivered fourth quarter and full year 2025 results in line with our expectations in a challenging and unstable environment. Automotive industry demand continues to be cautious and choppy between quarters, as we remain in an uneven recovery. Looking at 2026, the first quarter is traditionally impacted by annual customer pricing agreements and seasonal factors such as Chinese New Year and sales patterns outside of automotive. In addition, this year demand is affected by recent changes in EV automotive regulations and purchase incentive schemes. We are intensifying our commercial programs with a specific focus on China and India, and are confident that these measures will improve our market position. Taking all factors into account, we see sales growing as the year progresses and profitability improving as from the first quarter.
The success of Melexis relies on leveraging technology leadership to meet our customers’ needs and grow their business. Next to many new product launches in 2025 across our wide portfolio of sensors and drivers, our teams finished the year strong in terms of design wins. We also increased the amount of customer opportunities, led by China, Europe, and South Korea, positioning us well for future design wins. Progress on these key metrics is driven by automotive applications where we have leadership positions, and also in newer markets like robotics.”
Quote from CFO Karen van Griensven
"Actions taken during 2025 will start delivering benefits this year with a higher gross margin already in the first quarter despite stable year-on-year sales, as we navigate the recovery phase of the current demand cycle. We remain disciplined in executing our cost improvement roadmap to keep moving towards our long-term margin objectives.”
The statutory auditor, PwC Bedrijfsrevisoren BV / PwC Réviseurs d’Entreprises SRL represented by Griet Helsen, acting on behalf of Griet Helsen BV, has confirmed that the audit, which is substantially completed, has not to date revealed any material misstatement in the draft consolidated accounts, and that the accounting data reported in the press release is consistent, in all material respects, with the draft consolidated accounts from which it has been derived.
Financial Calendar
- Publication Q1 2026 Results: April 29, 2026 (at 7 hrs CET)
- Annual Shareholders Meeting May 12, 2026
- Dividend ex coupon date May 19, 2026
- Dividend record date May 20, 2026
- Dividend pay date May 21, 2026
- Publication Q2 2026 Results: July 29, 2026 (at 7 hrs CET)
- Publication Q3 2026 Results: October 28, 2026 (at 7 hrs CET)
- Publication FY 2026 Results: February 3, 2027 (at 7 hrs CET)
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