**Summary**
T42 IoT Tracking Solutions plc (AIMTRAC) released a full-year trading update for the year ended December 31, 2025, highlighting strong financial and operational performance. Key financial achievements include
**Revenue growth** Increased to over $6.1 million (from $4.16 million in 2024), with a 10% rise in SaaS revenues.
**Gross margins** Improved to approximately 45% (from 38% in 2024), driven by reduced production costs and higher sales of premium products like Lokies secure padlocks.
**Profitability** Achieved an operating profit of ~$0.4 million (compared to a $0.9 million loss in 2024) and positive EBITDA of ~$1.05 million (from a $0.2 million loss in 2024).
Operationally, the company continues to attract global interest in its innovative tracking solutions, particularly its Lokies range. T42 is well-positioned to benefit from growing pipeline conversions, SaaS revenues, and long-term orders, reinforcing confidence in delivering shareholder value.
The company expects minimal impact from geopolitical tensions in the Middle East and anticipates continued momentum in 2026, driven by strengthened customer relationships and increased commercialization. Audited results are scheduled for release in April 2026, followed by the Annual General Meeting notice.
T42 remains a leading provider of IoT tracking solutions for the global container and freight market, operating in 55 countries with a robust network of distributors and partners.