Telit Iot Solutions Holding 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 44,602,000
Turnover
USD 452,055,000
Profit / loss
USD 45,170,000
Current assets
USD 197,184,000
Creditors < 1 year
USD 176,593,000
Equity
USD 401,563,000
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 401,563,000 | USD 335,393,000 |
| Share capital | USD 1,196,000 | USD 1,158,000 |
| Retained earnings | −USD 47,489,000 | −USD 92,848,000 |
| Assets | ||
| Fixed assets | USD 547,202,000 | USD 584,034,000 |
| Intangible assets | USD 455,808,000 | USD 487,253,000 |
| Property, plant & equipment | USD 25,568,000 | USD 25,031,000 |
| Current assets | USD 197,184,000 | USD 217,419,000 |
| Cash at bank | USD 44,602,000 | USD 36,608,000 |
| Debtors | USD 103,421,000 | USD 111,936,000 |
| Stock | USD 26,576,000 | USD 29,309,000 |
| Liabilities | ||
| Creditors within one year | USD 176,593,000 | USD 365,780,000 |
| Creditors after one year | USD 81,231,000 | USD 10,389,000 |
| Provisions | USD 22,159,000 | USD 26,601,000 |
| Pension scheme surplus / deficit | USD 1,134,000 | USD 1,023,000 |
| 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 37,843,000 | USD 57,614,000 |
| Operating profit | −USD 45,925,000 | −USD 78,070,000 |
| Interest receivable | USD 1,730,000 | USD 1,647,000 |
| Interest payable | USD 24,423,000 | USD 28,199,000 |
| Profit before tax | −USD 68,618,000 | −USD 104,622,000 |
| Tax | −USD 1,315,000 | −USD 4,651,000 |
| Profit / loss | USD 45,170,000 | −USD 89,079,000 |
| Operating costs | ||
| Research & development | USD 78,708,000 | USD 77,646,000 |
| People & pay | ||
| Highest paid director | USD 1,000,000 | — |
| 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
- Notano TopCo Limited
- Ultimate parent
- DBAY Advisors Limited
- Ultimate controlling party
- DBAY Advisors Limited
- Accounts
- IFRS
- Approved
- 2026-05-22, signed by Paolo Carlo Renato Dal Pino
Subsidiaries (7)
- 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(HR · 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 120Durham, NC 27703 · No business activity in 2025
- Telit deviceWISE LLC · 100% · United States; 750 Park of Commerce Blvd Ste 100Boca Raton, FL 33487 · No business activity in 2025
Turnover by segment (12)
- Sales of IoT products - industrial: 394,273 (000s) (2025-12-31)
- Sales of IoT products - industrial: 349,605 (000s) (2024-12-31)
- Sales of Cloud and Connectivity services: 56,914 (000s) (2025-12-31)
- Sales of Cloud and Connectivity services: 53,794 (000s) (2024-12-31)
- Sales of licenses and other revenue: 868 (000s) (2025-12-31)
- Sales of licenses and other revenue: 1,646 (000s) (2024-12-31)
- EMEA: 132.9 (000s) (2025-12-31)
- EMEA: 162.1 (000s) (2024-12-31)
- Americas: 153.1 (000s) (2025-12-31)
- Americas: 129.7 (000s) (2024-12-31)
- APAC: 166.1 (000s) (2025-12-31)
- APAC: 113.2 (000s) (2024-12-31)
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.