iLOQ revenue grew by 17% in 2025 despite subdued construction markets
iLOQ’s latest financial statements bulletin for 2025 saw revenues increase to €150M, with adjusted EBITDA margin growing to 26%. Even if construction activity remained slow, a significant portion of revenue came from retrofits, in which existing buildings were equipped with digital locking systems.
Oulu, Finland (February 24th, 2026) Provider of digital access management systems, iLOQ, has published financial performance data for 2025. In addition to the 17% revenue growth, adjusted EBITDA rose to €38.7 million, with adjusted EBIT margin landing at 23.5%, more than double the 2024 results. iLOQ landed a number of landmark deals in 2025, including large student housing projects, iconic landmark buildings, and global logistics companies, across global markets.
In 2025, iLOQ launched its iLOQ 5 Series+ updated security platform and the iLOQ Manager+ cloud-based programming solution, a significant upgrade to its existing 5 Series product portfolio. The product was first rolled out across North America, Southeast Asia and Oceania, with further rollouts planned for 2026. The launch of the iLOQ app further enhanced the user experience by enabling users to share access to their property with family and friends and to remotely open the front door for deliveries and service personnel.
“We see from our 2025 financial performance that our solutions are changing the access management market. In North America, the Critical Infrastructure customer segment was extremely strong, driven by our S50 solutions and the Residential sector thanks to the new 5 Series+ software platform,” states Heikki Hiltunen, President & CEO of iLOQ. “iLOQ’s Nordics business continued growing, even if the general market sentiment and construction industry activity have remained subdued. Across Europe and Emerging Markets, there was continued demand for iLOQ solutions, especially among student housing players,” he continued
The full financial statement is available here.
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More information:
Jukka Havia, Chief Financial Officer
iLOQ
iLOQ in brief
iLOQ is a technology disruptor that has revolutionized the locking industry by replacing mechanical locking to make life limitless. Battery- and cable-free smart locks maximize security, minimize lifecycle costs and enhance the value and sustainability of properties and infrastructures. iLOQ operates in more than 55 countries with over 1,800 partner locations globally. In 2025, iLOQ had a turnover of €150 million and more than 310 employees. www.iLOQ.com