**Summary of Seeing Machines Limited FY2025 Results and Annual Financial Report**
**Overview**
Seeing Machines Limited, an advanced computer vision technology company specializing in AI-powered operator monitoring systems, released its FY2025 results, highlighting significant growth driven by regulatory mandates and strategic partnerships. The company reported revenue of US$62.3 million, ahead of market expectations, with a focus on automotive and aftermarket sectors.
**Key Financial Highlights**
**Revenue**US$62.3 million (FY2024: US$67.6 million), with underlying automotive royalty revenue up 35% to US$14.4 million.
**Aftermarket Monitoring Revenue**Increased 9% to US$13.6 million.
**Cash Position**US$22.6 million as of 30 June 2025.
**Adjusted EBITDA Loss**US$30.1 million, with a significant improvement in H2 FY2025.
**Operational Highlights**
**EU General Safety Regulation**Mandatory camera-based Driver Monitoring Systems (DMS) in all new vehicles from July 2026 is driving growth, with OEM customers expected to sell 12.5 million cars in Europe in 2026.
**Strategic Partnership**Secured a £26.2 million (US$32.8 million) investment from Mitsubishi Electric Mobility Corporation (MELMB), with collaboration in automotive, aftermarket, and adjacent markets.
**Cost Reduction**Completed a strategic reorganization, reducing annualized operating costs by US$12 million.
**Automotive Growth**DMS/OMS technology installed in 3.7 million vehicles, a 69% increase YoY.
**Aftermarket Progress**Guardian Generation 3 in full production, with quarterly hardware sales up 120% in Q4 FY2025.
**Strategic Developments**
**Collaboration with Valeo**Launched a partnership with Valeo, a global automotive leader.
**Acquisition of Asaphus Vision GmbH**Enhanced AI and machine learning capabilities with a Berlin office.
**Referral Agreements**Signed with Mitsubishi Electric Automotive America and Europe to accelerate Guardian Generation 3 sales in the Americas and EMEA.
**Outlook**
**Cashflow Break-Even**On track to reach cashflow break-even by the end of 2025, with a focus on becoming cashflow positive in H2 FY2026.
**Regulatory Tailwinds**EU General Safety Regulation and global regulatory trends are expected to drive continued adoption of DMS technology.
**Market Expansion**Strong pipeline in aftermarket sectors, particularly in the Americas and EMEA, with new brand partnerships and market adoption of Guardian Generation 3.
**CEO Commentary**
Paul McGlone, CEO, emphasized the company’s strategic focus on sustainable growth, safety technology innovation, and leveraging regulatory mandates to drive revenue. He highlighted the partnership with Mitsubishi as a key enabler for growth in automotive and adjacent sectors.
**Conclusion**
Seeing Machines is well-positioned to capitalize on regulatory mandates and strategic partnerships, with a clear path to profitability and sustained growth in both automotive and aftermarket sectors. The company’s focus on innovation and cost efficiency underscores its commitment to improving transport safety globally.