Business
Trading Update
Somero Enterprises anticipates reporting FY 2025 revenue of approximately US$88.9 million, with second-half revenues up 23.4% to $49.1 million, driven by seasonality and new product contributions totaling US$13.0 million. Despite mixed US non-residential construction demand and ongoing global uncertainties, the company expects FY 2025 adjusted EBITDA of US$17.5 million and year-end cash of US$33.2 million. Revenues in Europe are projected at US$8.9 million, Australia at US$5.6 million, and Rest of World at US$6.3 million, while parts and service revenue declined 11% to US$17.0 million. The company expects FY 2026 trading to be broadly similar to FY 2025, with commensurate profits and cash generation, supported by strategic initiatives. Disclaimer*
About this update from Somero Enterprises, Inc.
[{"type":"text","content":"\n\n29 January 2026\nSomero Enterprises, Inc.\n(\"Somero\" or \"the Company\")\n \nTrading Update\n \nSolid H2 trading supported by seasonality and new product contribution\n \nSomero® provides the following update on trading for the financial year ended 31 December 2025.\n \nTrading\n \nThe Board is pleased to report improved trading in H2 2025, as anticipated, supported by an uplift in second half seasonality and the positive impact of new and next-generation product launches. It expects the Company to report FY 2025 revenue of approximately US$ 88.9m (2024: US$ 109.2m), in line with previous guidance and market expectations, with H2 revenues up 23.4% on H1 to $49.1m.\n \nCustomer response to products launched in the second half of the year has been positive. The next generation S-15EZ and the new Hammerhead Laser Screed, designed for quality, simplicity and affordability, targeting the low- to mid-range concrete contractor segment, collectively contributed approximately US$ 13.0m. A strong finish to the year was supported by excellent operational performance in fulfilling customer orders globally, alongside continued focus on cost efficiency.\n \nDemand for US non-residential construction was mixed, with positive support from long-term trends across key end-markets, but this has not fully translated into customer purchases. Customers report improved levels of bidding activity and healthy backlogs entering FY 2026, albeit with continuing uncertainty linked to tariffs, interest rates, restrictive immigration policies and ongoing geopolitical conflicts. The Board expects to report FY 2025 North America revenues of US$ 68.1m (2024: US$ 82.2m). \n \nRevenues in Europe, the Company's second largest market, improved in H2 2025 compared to H1, and the Board expects to report revenues of US$ 8.9m (2024: US$ 14.6m). While trading continued to be impacted by the same macro-economic and geopolitical headwinds, competitive pressures and US-related uncertainty reported previously, Europe remains a priority international market. The Company is focused on strengthening its presence there through increasing market awareness, optimizing product and pricing for local markets, and expanding its dealer network. \n \nAustralian revenues are anticipated to represent a decline of 15% to US$ 5.6...