Telit Iot Solutions Ltd
Activities of other holding companies n.e.c. · London
ActiveUnited KingdomIncorporated 2021Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Group accounts
Net assets
—
Cash
USD 44,559,000
Turnover
USD 452,055,000
Profit / loss
USD 37,764,000
Current assets
—
Creditors < 1 year
USD 329,445,000
Equity
USD 235,783,000
Average employees
Not available
Balance-sheet trend
USD · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | USD 235,783,000 | USD 189,348,000 |
| Share capital | USD 100,000 | USD 100,000 |
| Retained earnings | −USD 51,071,000 | −USD 89,022,000 |
| Assets | ||
| Intangible assets | USD 450,658,000 | USD 480,387,000 |
| Property, plant & equipment | USD 25,568,000 | USD 25,031,000 |
| Cash at bank | USD 44,559,000 | USD 36,560,000 |
| Debtors | USD 103,421,000 | USD 111,936,000 |
| Stock | USD 26,576,000 | USD 29,309,000 |
| Liabilities | ||
| Creditors within one year | USD 329,445,000 | USD 487,002,000 |
| Creditors after one year | USD 176,409,000 | USD 127,153,000 |
| Profit & loss | ||
| Turnover | USD 452,055,000 | USD 405,045,000 |
| Cost of sales | USD 308,041,000 | USD 273,905,000 |
| Gross profit | USD 144,014,000 | USD 131,140,000 |
| Administrative expenses | USD 34,637,000 | USD 55,712,000 |
| Operating profit | −USD 42,719,000 | −USD 76,167,000 |
| Interest receivable | USD 1,658,000 | USD 1,593,000 |
| Interest payable | USD 34,963,000 | USD 23,375,000 |
| Profit before tax | −USD 76,024,000 | −USD 97,949,000 |
| Tax | −USD 1,315,000 | −USD 4,651,000 |
| Profit / loss | USD 37,764,000 | −USD 82,406,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- PricewaterhouseCoopers LLC
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Telit IOT Solutions Holding Ltd
- Ultimate parent
- DBAY Advisors Limited
- Ultimate controlling party
- DBAY Advisors Limited
- Accounts
- IFRS
- Approved
- 2026-05-22, signed by Eyal Shefer
Subsidiaries (8)
- Telit Wireless Solutions (Shanghai) Ltd (formerly: Shanghai Stollmann Communication Technology Co., Ltd.) · 100% · China; Room 215, 2/F, South Building, ISPACE, No. 2966 Jinke Road, Pudong New District, Shanghai, China · Presales of m2m wireless products and services, and other intra-Group services
- GainSpan Corporation · 100% · United States; 251 Little Falls Drive, Wilmington, New Castle County, Delaware 19808 · No trading activities
- Telit Wireless Solutions Taiwan Limited 2 (formally GainSpan Taiwan) · 100% · Taiwan; 6F-10, No. 2, Fu Xing North Road, ZhongShan District, Taipei City 105, Taiwan · Presales of m2m wireless products and services, and other intra-Group services.
- Telit Communications India Private Limited · 100% · India; #3E, Monarch Ramani, 7th "C" Main, 3rd Block, Koramangala Industrial Layout, Bangalore, 560034 India; 807, 8th Floor, BPTP Park Centra, Sector 30, NH-8, Gurgaon · Development of m2m wireless products and services on behalf of related parties.
- Telit Wireless Solutions (Shanghai) Ltd (Beijing branch) · 100% · China; Room B09 and C16, 11th Floor, Kaide MALL Wangjing, Building 215, No. 33 Guangshun North Street, Chaoyang District, Beijing, China · Presales of m2m wireless products and services, and other intra Group services
- Telit Wireless Solutions (Shanghai) Ltd (Dalian branch) · 100% · China; Room #01-07, 1st Floor, No. 1, Huixianyuan, Qixianling, High-Tech Industrial Zone, Dalian City, Liaoning Province, China · Development of m2m wireless products and services on behalf of related parties.
- Telit IoT Products LLC · 100% · United States; 5425 Page Road Suite 120 Durham, NC 27703 · No business activity in 2025
- Telit deviceWISE LLC · 100% · United States; 750 Park of Commerce Blvd Ste 100 Boca Raton, FL 33487 · No business activity in 2025
Turnover by segment (12)
- EMEA: 132.9 (m) (2025-12-31)
- Americas: 153.1 (m) (2025-12-31)
- APAC: 166.1 (m) (2025-12-31)
- EMEA: 162.1 (m) (2024-12-31)
- Americas: 129.7 (m) (2024-12-31)
- APAC: 113.2 (m) (2024-12-31)
- Sales of IoT products - industrial: 394,273 (m) (2025-12-31)
- Sales of Cloud and Connectivity services: 56,914 (m) (2025-12-31)
- Sales of licenses and other revenue: 868 (m) (2025-12-31)
- Sales of IoT products - industrial: 349,605 (m) (2024-12-31)
- Sales of Cloud and Connectivity services: 53,794 (m) (2024-12-31)
- Sales of licenses and other revenue: 1,646 (m) (2024-12-31)
Related parties (7)
- Direct subsidiary · subsidiary · Long-term loan receivable · 17,248 (000s)
- Direct subsidiary · subsidiary · Short-term loans receivable · 60,747 (000s)
- Direct subsidiary · subsidiary · Other trade receivables and other assets · 82,850 (000s)
- Parent company · parent · Short-term loans payable · 60,747 (000s)
- Parent company and direct subsidiary · Other trade payables · 85,851 (000s)
- Parent company · parent · Long-term loans payable · 17,248 (000s)
- Key management personnel · key management personnel · Total compensation · 418 (000s)
Borrowings (4)
- Long-term borrowings · 81,231 (000s)
- Current maturities of long-term loans · 6,531 (000s)
- Loans due to group undertakings (long-term) · 17,248 (000s)
- Loans due to group undertakings (current) · 60,747 (000s)
Events after the year end (1)
- There were no material events after the reporting period, which have a bearing on the understanding of the Group and the Company financial statements.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFloating · created 2021-05-24
—
Outstanding