Munic Reports Revenue of 11.2 Million Euros in 2025, Up 17%
The specialist in embedded technologies and artificial intelligence for the automotive industry has released its annual results for the fiscal year 2025, ending on December 31, 2025. The company records a sustained growth in its activity, driven by the recovery with its historical clients and the deployment of new projects.
Strong Financial Performance in 2025
Munic recorded a consolidated revenue of 11.2 million euros for the fiscal year 2025, marking a 17% increase compared to 2024, where it stood at 9.504 million euros. This growth follows a turnaround initiated in the first half of 2025. The group has capitalized on the evolution of its technological and commercial model, combining Smart Dongles and an advanced software platform for processing and analyzing vehicle data. The annual performance results from the resumption of activity with historical clients, driven by the catch-up of Smart Dongles orders postponed in 2024 by several major clients, as well as the launch of new projects. Munic also benefited in 2025 from the ramp-up of sales of the Ekkofleet solution, a variant of the Ekko platform aimed at vehicle fleets and service integrators, launched since the end of the first half of 2024. The group also recorded the start of sales to new customers, resulting from contracts won between 2022 and 2024 and now entering the deployment phase.
Dynamic Performance Across Two Main Activities
Munic's two main activities showed strong dynamics in 2025. Sales of Smart Dongles products increased by 17%, while the Services activity, which generates a structurally higher gross margin, grew by 19%. The Services activity represents 25% of the company's overall revenue, the same percentage as the previous year, reflecting the continuation of the revenue diversification strategy aimed at increasing recurring business. Geographically, annual sales came 65% from the Americas, down from 71% a year earlier, and 35% from Europe, up from 29% previously.
Looking Ahead with a Strong Portfolio and High-Value Solutions
Munic approaches the coming months with a solid portfolio of orders in deployment and a technology offering refocused around high-value solutions. The company intends to continue developing its activities by relying on the gradual ramp-up of its software offerings, particularly the Ekko and Ekkofleet platforms. In 2025, the group launched a new family of terminals and services with higher added value, including the C4CS range dedicated to car-sharing uses and the C4R range consisting of rugged terminals for special vehicles such as agricultural, construction, airport, or logistics vehicles. Munic has also prepared the commercialization of a range of smart dashcams integrating embedded artificial intelligence capabilities. The 2025 annual results will be presented on April 16, 2026, after the closing of the Euronext Paris market.
