Bel Fuse Inc. reported preliminary fourth quarter (Q4) 2025 net sales of USD 175.9 million, up 17.4%, with a gross profit margin of 39.4%. GAAP net loss attributable to shareholders was USD 5.4 million for Q4 2025, reflecting a USD 13.1 million non-cash impairment related to the company’s investment in Innolectric. Non-GAAP net earnings attributable to shareholders reached USD 24.9 million in Q4 2025, with adjusted EBITDA at USD 37.6 million, representing 21.4% of sales. For the full year (FY) 2025, Bel Fuse Inc. reported GAAP net earnings of USD 74.11 million. The company noted that the change in net income for the quarter was impacted by the Innolectric impairment.
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