Business
FY2025 Results and Annual Financial Report
Seeing Machines Limited reported FY2025 year-end results, with revenue at US$62.3 million, slightly ahead of market expectations, but down from US$67.6 million in FY2024. Underlying Automotive royalty revenue increased by 35% to US$14.4 million, while Aftermarket monitoring revenue rose 9% to US$13.6 million. Aftermarket hardware and installation revenue was US$6.4 million. The company's cash balance stood at US$22.6 million at the end of June 2025. The adjusted EBITDA loss was US$30.1 million, showing improvement in the second half of the fiscal year with a loss of US$12.4 million compared to US$17.7 million in the first half. The company secured a £26.2 million (US$32.8 million) investment as part of a partnership with Mitsubishi Electric Mobility Corporation. Disclaimer*
About this update from Seeing Machines Limited
[{"type":"text","content":"\n\nSeeing Machines Limited (\"Seeing Machines\" or the \"Company\")\n \n25 September 2025\nFY2025 Year End Results\n \nEU General Safety Regulation: Mandatory camera-based DMS in all new vehicles begins in nine months, driving significant growth for Seeing Machines\n \nSeeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has published its audited financial results for the year ended 30 June 2025 (\"FY2025\" or \"the period\").\n \nPaul McGlone, CEO of Seeing Machines, commented: \"We are now seeing the expected quarterly increase in automotive royalty volumes as the implementation of the European General Safety Regulation, which mandates camera-based Driver Monitoring Systems (DMS) for all new vehicles across Europe, comes into force in nine months' time. As the July 2026 deadline approaches, increasing fitment rates will drive a substantial uplift in royalty volumes. Our OEM customers are forecast to sell around 12.5 million new cars in Europe in 2026, all of which will require DMS technology post deadline. Therefore, as Seeing Machines expects to supply a large portion of this technology, this quarterly growth is expected to continue in the current quarter and beyond.\n \n\"In the Aftermarket sector, we have begun converting trial customers into confirmed sales, and our business pipeline-particularly in those markets offering the greatest opportunities, the Americas and EMEA-is developing strongly. As we continue to progress through customer trials, engage in negotiations, and pursue new brand partnerships in collaboration with Mitsubishi across the Americas and Europe, we are confident that our Guardian Generation 3 technology is poised for significant growth and market adoption. Working with Mitsubishi also presents exciting new opportunities in Automotive and near-term prospects in adjacent sectors like rail, building management, and factory automation, demonstrating the versatility of our world-leading technology.\n \n\"We are on track to reach cashflow break-even run rate at the end of this calendar year and are firmly focused on being cashflow positive in the second half of FY2026 and beyond. Our strategic priorities continue to centre on sustainable growth and advancing safety te...