Kudelski SA Reports First Half-Year Losses Amid Transformation
Kudelski SA, a Swiss information technology company specializing in digital security products, has reported losses for the first half of 2025. The company, listed on the SIX Swiss Exchange, has been focusing on a transformation strategy aimed at enhancing its offerings in advanced digital security solutions across Media, Cybersecurity, and the Internet of Things (IoT).
Financial Performance Overview
In the first half of 2025, Kudelski Group reported total revenues and other operating income of USD 174.5 million. This figure represents a decline in performance, with the Core Digital Security segment generating USD 103.9 million, a 7.0% decrease compared to the same period in 2024. Cybersecurity revenues stood at USD 49.5 million, down 4.8% year-over-year, while IoT revenues were USD 19.3 million, with a strategic focus on expanding the asset tracking business through new distribution channels.
Strategic Initiatives
Despite the financial setbacks, Kudelski is undergoing a significant transformation. The company has launched Kudelski Labs, a new initiative aimed at securing frontier technologies and connected devices through advanced research and bespoke solutions. This move underscores Kudelski’s commitment to innovation and its strategic pivot towards emerging digital security needs.
Market Context
Kudelski SA operates in the Information Technology sector, specifically within the Electronic Equipment, Instruments & Components industry. As of August 24, 2025, the company’s close price was CHF 1.44, with a 52-week high of CHF 1.6 and a low of CHF 1.15. The market capitalization stands at CHF 72,530,000, and the price-to-earnings ratio is currently at -0.591, reflecting the company’s financial challenges.
Conclusion
Kudelski’s first half-year results highlight the challenges faced by the company in a competitive digital security landscape. However, the strategic initiatives underway, including the launch of Kudelski Labs, indicate a forward-looking approach aimed at capturing new opportunities in digital security. As the company continues its transformation, stakeholders will be closely monitoring its progress in adapting to the evolving demands of the technology sector.