iLOQ reports 14% revenue growth in first half of 2026
Photo: iLOQ
iLOQ reported 14% revenue growth in the first half of 2026, reaching EUR 65.0 million as demand for its battery-free smart access solutions continued across residential, commercial and critical infrastructure markets.
According to iLOQ’s first-half results, revenue increased from EUR 57.0 million in H1 2025, while adjusted EBITDA rose 7% to EUR 9.9 million. Second-quarter revenue was EUR 39.0 million, up 17% year on year.
Critical infrastructure remained an important growth area, with iLOQ reporting deliveries to major European energy customers and new business across the energy, EV charging and fiber-network sectors.
The company also expanded the capabilities of its S50 smart padlocks. New functionality for Grade 3-rated models allows operators to remotely verify whether a padlock is open or locked and transfer the status information to iLOQ Manager. Similar functionality is expected for Grade 4 and Grade 5 models later in 2026.
iLOQ expands across connected security and telecom
iLOQ is also extending its access management platform into broader security ecosystems after being selected as a preferred partner for Amazon’s Ring Mobile Security Tower. The integration brings the iLOQ 5 Series+ platform into the mobile security solution without requiring a separate application or additional administration tools.
Following the reporting period, iLOQ signed a letter of intent for a major European telecommunications infrastructure access management project expected to cover approximately 17,000 sites during 2026.
“During the first half of 2026, iLOQ continued to grow in all geographic regions and gain market share in the digital access-management market,” said Heikki Hiltunen, President and CEO of iLOQ.
The company continued investing in research and development during the period, including further deployment of the iLOQ 5 Series+ platform, new software capabilities, an updated iLOQ App and enhancements to its S50 padlock portfolio.
