Baikowski: Revenue Increases by 6.3% in 2025
Baikowski announced a consolidated revenue of 50.7 million euros in 2025, marking a progress of 6.3% compared to the previous fiscal year. At constant exchange rates, growth reached 9.0%, despite an unfavorable exchange rate effect of 1.2 million euros, mainly due to the depreciation of the Japanese yen and the US dollar against the euro. The performance is driven by the dynamics in electronics-related activities and the gradual diversification of high-value-added industrial applications.
Revenue Growth and Exchange Rate Challenges
The specialist in specialty industrial minerals, Baikowski, announced a consolidated revenue of 50.7 million euros in 2025, up 6.3% from the previous year. At constant exchange rates, growth reached 9.0%, although the business was penalized by an unfavorable exchange rate effect of 1.2 million euros, primarily due to the depreciation of the Japanese yen and the US dollar against the euro.
The commercial performance is driven by the dynamics of the electronics segment, particularly in mechano-chemical polishing (CMP) applications and the development of new alumina applications for technical ceramics. The medical market also shows sustained growth, driven by dental applications, while sales in the automotive sector remain at a level comparable to 2024.
Geographical Sales Distribution and Fiscal Risks
Geographically, Asia and other regions outside Europe and the Americas account for 59% of the revenue, compared to 22% for the Americas, 15% for the rest of Europe, and 4% for France.
The group also indicates that it has identified a risk of tax adjustment related to the Research Tax Credit, estimated at 1.1 million euros over three years, which will be provisioned in the 2025 results.
For 2026, Baikowski confirms the continuation of its development around structuring projects, particularly in the field of energy transition, and indicates that the underlying trends of its main markets remain well oriented.
