Bel reported FY 2025 net sales of USD 675.5 million and consolidated gross margin of 39.1%. By segment, FY 2025 net sales were USD 356.8 million for Power Solutions and Protection (gross margin 42.7%), USD 232.3 million for Connectivity Solutions (gross margin 38.7%) and USD 86.4 million for Magnetic Solutions (gross margin 27.6%). FY 2025 R&D expense was USD 30.9 million and SG&A expense was USD 125.8 million. Interest expense was USD 14.8 million and interest income was USD 1.0 million. Bel recorded a pre-tax impairment charge of USD 13.1 million related to its investment in innolectric. Other income (expense), net was income of USD 10.9 million, including a foreign exchange gain of USD 10.8 million (the company also cited a foreign exchange revaluation gain of USD 10.1 million). The FY 2025 effective tax rate was 22.0%. Key updates included a full-year contribution from Enercon (acquired in November 2024), with Enercon sales of USD 136.6 million in FY 2025 reflected in the Power Solutions and Protection segment. Bel’s backlog was USD 439.1 million at December 31, 2025, up 15.1% from December 31, 2024. The company also initiated a late-2025 restructuring in its Magnetic segment tied to transitioning manufacturing from its Pingguo, PRC facility to an outside subcontractor, incurring USD 1.6 million of restructuring costs in FY 2025; total new restructuring charges were USD 2.4 million, partially offset by a USD 3.2 million reversal. Bel reported cash and cash equivalents of USD 57.8 million at December 31, 2025 and net cash provided by operating activities of USD 80.6 million in FY 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bel Fuse Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-005354), on February 24, 2026, and is solely responsible for the information contained therein.