Ekinops reported consolidated revenue of €57.2 million for the first half of 2025, down slightly (-1%) from the same period in 2024. Q2 2025 revenue totaled €28.7 million, a 2% year-over-year decline, though up 1% sequentially. The company saw a significant rebound in its Optical Transport segment, which rose 42% in Q2 after a weak Q1, driven by major deployment projects in Europe—particularly in Germany—and the ramp-up of its 800G solution. Meanwhile, the Access segment dropped 23% in Q2, largely due to lower sales to its largest customer in France.
Software & Services revenue climbed 22% in H1 2025, boosted by services growth and the June consolidation of Olfeo, a French cybersecurity software vendor acquired in May. This category now contributes 20% of total sales, up from 17% a year ago. Regionally, Ekinops recorded 6% sequential growth in North America in Q2, following a sharp Q1 downturn, and saw 15% growth in Europe outside France, primarily from Optical Transport sales. France, its home market, declined 6% overall due to Access segment weakness.
Looking forward, Ekinops anticipates a gradual telecom market recovery and is advancing its “Bridge” strategic plan. The integration of Olfeo positions Ekinops to address demand in the growing SSE and SASE cybersecurity segments. International revenue now makes up 59% of total business, reflecting the company’s ongoing diversification beyond its domestic base.
- H1 2025 revenue: €57.2M, down 1% YoY
- Optical Transport: +10% in H1, +42% in Q2
- Software & Services: +22% YoY, now 20% of revenue
- France revenue: -6%; North America: -9% in H1, but +3% YoY in Q2
- Europe (ex-France): +15%, led by +52% Optical Transport growth
- Olfeo contributed €0.5M since June acquisition
“We are confident that the recovery in Optical Transport and our recent cybersecurity acquisition will drive long-term value in an evolving market,” said Didier Brédy, Chairman and CEO of Ekinops.
