We closed the year with Group consolidated revenues of €26.9 million, up 16.4% from €23.1 million in 2024.
It’s broad-based, consistent, healthy growth!
Stalam Deyi strengthened its position in the Chinese market, also thanks to the sale of 6 thawing machines, the parent company Stalam beat the budget in traditional textiles and defrosting applications and RF Systems repositioned and grew its revenues.
But the figure I’m proudest of is our profitability, with Group’s EBITDA up from €3.2 million to €4.4 million growing from 13% to 16% as a percentage of sales.
Our financial strength was confirmed as well: the Group closed 2025 with a positive net cash position, after generating €3.6 million in cash against €4.4 million of EBITDA (cash conversion above 80%), despite significant investments of around €900k in our Innovation Hub.
On the technology front, we’re accelerating too: we completed and tested the prototype of our solid-state RF batch thawing machine (150 kg/h), which will be industrialized and added to our commercial offering by September. We signed a partnership with MIT Group to market their microwave pasteurization/cooking technology under the RF Systems brand. And we’re industrializing MeatFlow, our solution for meat emulsions and other pumpable products, which is already generating strong interest in Spain and North America.
Finally, an important organizational evolution: starting July 1st, the Commercial Department is led by Marc Tres Melus, while Enrico Zanetti strengthens his role as General Manager, focusing on Group synergies, business development, new projects/technologies and operational excellence.
Thank you to everyone at Stalam, Stalam Deyi and RF Systems for achieving these results.
2026 started on solid foundations and we couldn’t be more excited!
Sergio Buonanno
President & CEO