iLOQ Achieves Landmark Growth in 2025, Dominates Digital Access Market
February 26, 2026, 9:37 pm
iLOQ achieved stellar financial results in 2025. Revenue surged 17% to €150 million, while adjusted EBITDA dramatically increased by 81%. This growth defied a challenging construction market. Key triumphs included securing the Empire State Building modernization project and forging a strategic partnership with Amazon for access management solutions in North America. The company also expanded its European student housing footprint. New product innovations, like the 5Series+ platform, and strategic supply chain adjustments underpinned this strong performance. iLOQ solidified its position as a leading innovator in battery-free digital locking systems, poised for further global disruption and sustainable development.
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iLOQ delivered an exceptional performance in 2025. The digital access leader posted robust financial results. Revenue soared. Profitability surged. This growth occurred despite prevailing challenges in the global construction sector. iLOQ defied market headwinds through strategic expansion and technological innovation.
The company's financial health significantly improved. Full-year revenue reached €150.0 million. This marked a substantial 17% increase over 2024. Adjusted EBITDA climbed to €38.7 million. This represented an impressive 81% year-on-year surge. The adjusted EBITDA margin expanded to 26%. This metric doubled 2024’s 17% margin. Adjusted EBIT also saw remarkable growth. It rose to €23.6 million. This was a 162% increase. The adjusted EBIT margin reached 16%. It nearly tripled the previous year’s 7%. These figures underscore iLOQ's strong operational efficiency and market demand.
The fourth quarter of 2025 demonstrated accelerated momentum. Revenue for Q4 hit €63.8 million. This was up 22% from Q4 2024. Adjusted EBITDA for the quarter jumped 34%. It reached €24.1 million. The adjusted EBITDA margin stood at 38%. This marked a four-percentage-point improvement. All geographical markets recorded double-digit growth. This indicated broad-based strength.
North America emerged as a key growth engine. iLOQ secured a prestigious contract. The iconic Empire State Building in New York chose iLOQ. Its digital locking systems will modernize the landmark structure. This partnership highlights iLOQ's capability in large-scale, high-profile installations. A strategic collaboration with Amazon also took shape. iLOQ will develop advanced access management solutions for the e-commerce giant. The Critical Infrastructure segment in North America was exceptionally strong. Sales of S50 solutions and the new 5Series+ software platform drove this success. This demonstrates deep market penetration.
European markets also witnessed significant expansion. iLOQ achieved a major breakthrough in student housing. Studierendenwerk Thüringen in Germany selected iLOQ solutions. This established a strong foothold in a new segment. Deliveries commenced in late 2025. Continued demand for Critical Infrastructure applications boosted sales across Europe and Emerging Markets. The Nordics business maintained growth. This occurred despite subdued general market sentiment. The construction industry there remained slow. Commercial segment opportunities also looked promising globally.
Innovation remains at iLOQ's core. The company launched its new 5Series+ platform. This enhanced security and functionality. The platform includes iLOQ Web. It simplifies access management tasks for property managers. The iLOQ Manager+ cloud-based programming solution also debuted. An innovative iLOQ app further improved user experience. It allows sharing access and remote door opening. These advanced solutions initially rolled out across North America, Southeast Asia, and Oceania. Future rollouts are planned for additional regions. This technology leadership reinforces iLOQ's market position.
Operational adjustments supported efficiency. iLOQ realigned its global sourcing and supply chain network. The company moved some outsourced production to Asia. This optimized its cost structure. These actions concluded in the fourth quarter. Non-recurring costs of €2.0 million were recognized in 2025. These related to growth initiatives and organizational streamlining. Despite these investments, the company maintained financial discipline.
Sustainability is integral to iLOQ's mission. The company published its 2024 sustainability report. This documented its ongoing commitment. Its battery-free solutions offer substantial environmental benefits. They minimize lifecycle costs for customers. They enhance property value. This 360-degree approach positions iLOQ as a responsible innovator.
The firm's financial strategy also progressed. It completed a successful refinancing of €55 million nominal value floating rate notes in 2024. These notes were publicly listed on Nasdaq Stockholm in Q1 2025. A €30 million bilateral revolving credit facility remained fully unutilized. This indicates strong liquidity and financial stability.
iLOQ continues to invest in its future. Technology leadership remains a priority. Active commercialization of the 5Series+ platform is underway. Further geographical expansion is planned. The company develops new products and services. These provide more value for access management needs. iLOQ aims to disrupt the locking industry globally.
In conclusion, 2025 marked a period of significant achievement for iLOQ. The company delivered robust financial growth. It secured landmark deals in critical global markets. It introduced cutting-edge technological innovations. Operational efficiencies improved. A strong commitment to sustainability persisted. iLOQ stands well-positioned for sustained leadership in the evolving digital access sector.
*
iLOQ delivered an exceptional performance in 2025. The digital access leader posted robust financial results. Revenue soared. Profitability surged. This growth occurred despite prevailing challenges in the global construction sector. iLOQ defied market headwinds through strategic expansion and technological innovation.
The company's financial health significantly improved. Full-year revenue reached €150.0 million. This marked a substantial 17% increase over 2024. Adjusted EBITDA climbed to €38.7 million. This represented an impressive 81% year-on-year surge. The adjusted EBITDA margin expanded to 26%. This metric doubled 2024’s 17% margin. Adjusted EBIT also saw remarkable growth. It rose to €23.6 million. This was a 162% increase. The adjusted EBIT margin reached 16%. It nearly tripled the previous year’s 7%. These figures underscore iLOQ's strong operational efficiency and market demand.
The fourth quarter of 2025 demonstrated accelerated momentum. Revenue for Q4 hit €63.8 million. This was up 22% from Q4 2024. Adjusted EBITDA for the quarter jumped 34%. It reached €24.1 million. The adjusted EBITDA margin stood at 38%. This marked a four-percentage-point improvement. All geographical markets recorded double-digit growth. This indicated broad-based strength.
North America emerged as a key growth engine. iLOQ secured a prestigious contract. The iconic Empire State Building in New York chose iLOQ. Its digital locking systems will modernize the landmark structure. This partnership highlights iLOQ's capability in large-scale, high-profile installations. A strategic collaboration with Amazon also took shape. iLOQ will develop advanced access management solutions for the e-commerce giant. The Critical Infrastructure segment in North America was exceptionally strong. Sales of S50 solutions and the new 5Series+ software platform drove this success. This demonstrates deep market penetration.
European markets also witnessed significant expansion. iLOQ achieved a major breakthrough in student housing. Studierendenwerk Thüringen in Germany selected iLOQ solutions. This established a strong foothold in a new segment. Deliveries commenced in late 2025. Continued demand for Critical Infrastructure applications boosted sales across Europe and Emerging Markets. The Nordics business maintained growth. This occurred despite subdued general market sentiment. The construction industry there remained slow. Commercial segment opportunities also looked promising globally.
Innovation remains at iLOQ's core. The company launched its new 5Series+ platform. This enhanced security and functionality. The platform includes iLOQ Web. It simplifies access management tasks for property managers. The iLOQ Manager+ cloud-based programming solution also debuted. An innovative iLOQ app further improved user experience. It allows sharing access and remote door opening. These advanced solutions initially rolled out across North America, Southeast Asia, and Oceania. Future rollouts are planned for additional regions. This technology leadership reinforces iLOQ's market position.
Operational adjustments supported efficiency. iLOQ realigned its global sourcing and supply chain network. The company moved some outsourced production to Asia. This optimized its cost structure. These actions concluded in the fourth quarter. Non-recurring costs of €2.0 million were recognized in 2025. These related to growth initiatives and organizational streamlining. Despite these investments, the company maintained financial discipline.
Sustainability is integral to iLOQ's mission. The company published its 2024 sustainability report. This documented its ongoing commitment. Its battery-free solutions offer substantial environmental benefits. They minimize lifecycle costs for customers. They enhance property value. This 360-degree approach positions iLOQ as a responsible innovator.
The firm's financial strategy also progressed. It completed a successful refinancing of €55 million nominal value floating rate notes in 2024. These notes were publicly listed on Nasdaq Stockholm in Q1 2025. A €30 million bilateral revolving credit facility remained fully unutilized. This indicates strong liquidity and financial stability.
iLOQ continues to invest in its future. Technology leadership remains a priority. Active commercialization of the 5Series+ platform is underway. Further geographical expansion is planned. The company develops new products and services. These provide more value for access management needs. iLOQ aims to disrupt the locking industry globally.
In conclusion, 2025 marked a period of significant achievement for iLOQ. The company delivered robust financial growth. It secured landmark deals in critical global markets. It introduced cutting-edge technological innovations. Operational efficiencies improved. A strong commitment to sustainability persisted. iLOQ stands well-positioned for sustained leadership in the evolving digital access sector.