iLOQ reports strong first-half growth as innovation and critical infrastructure demand drive momentum

Revenue increased by 14% during the first half of 2026 as iLOQ continued to expand its market presence, strengthen its access-management platform and secure significant opportunities in critical infrastructure and connected security.

iLOQ delivered strong growth during the first half of 2026, with revenue increasing by 14% to EUR 65.0 million (EUR 57.0 million in H1 2025). Adjusted EBITDA increased by 7% to EUR 9.9 million, reflecting continued demand for iLOQ's battery-free smart-access solutions across residential, commercial and critical infrastructure markets.

The second quarter was particularly strong, with revenue increasing by 17% to EUR 39.0 million, supported by growing adoption of iLOQ's solutions in critical infrastructure applications and continued investment in innovation, sales expansion and partner development.

"During the first half of 2026, iLOQ continued to grow in all geographic regions and gain market share in the digital access-management market. We have strengthened our position through new customer agreements, investments in innovation and expansion of our platform capabilities, creating a strong foundation for future growth," states Heikki Hiltunen, President and CEO of iLOQ.

Bringing the iLOQ platform to new security ecosystems

One example of new use cases for iLOQ's solutions was the selection of iLOQ as a preferred partner for Amazon's Ring Mobile Security Tower.

The partnership integrates the iLOQ 5 Series+ access-management platform with the Ring Mobile Security Tower, giving customers immediate access to iLOQ's access-management capabilities without requiring separate applications or additional administration tools. The collaboration represents an important step in extending smart-access management into broader connected-security ecosystems.

Expanding capabilities for critical infrastructure operators

iLOQ continued to strengthen its critical infrastructure offering with the introduction of new lock-status functionality for its Grade 3-rated S50 smart padlocks.

The new technology allows operators to remotely verify whether a padlock is open or locked and transfer that information directly from the field to iLOQ Manager. The functionality provides increased visibility and operational control for organizations managing large numbers of remote assets. Similar features will be introduced to Grade 4 and Grade 5 padlocks later in 2026.

Strong demand across Europe's critical infrastructure sector

Demand for iLOQ's critical infrastructure solutions remained strong throughout the second quarter, with deliveries to several major customers, including one of Germany's and Europe's largest integrated energy companies. The growing adoption of iLOQ's battery-free smart-access solutions demonstrates the increasing importance of secure, scalable and low-maintenance access management in energy, telecommunications and other critical infrastructure environments.

The company also secured new business in European energy, EV charging and fiber-network markets, further strengthening its position within strategically important infrastructure segments.

Major telecommunications opportunity

Subsequent to the reporting period, iLOQ signed a letter of intent for a major European telecommunications infrastructure access-management project.

The planned deployment is expected to cover approximately 17,000 sites during 2026 and represents a significant opportunity for the company in the critical infrastructure segment. The project creates a strong basis for final contract negotiations and future recurring revenues while reinforcing iLOQ's position as a trusted provider of access-management solutions for telecommunications operators.

Continued investment in platform innovation

Throughout the first half of 2026, iLOQ continued to invest in research and development, expanding both its software and hardware offerings. The company advanced deployment of its iLOQ 5 Series+ platform, launched new software capabilities, released an updated iLOQ App and introduced enhanced functionality for the S50 padlock portfolio. These investments support iLOQ's long-term strategy of evolving from a smart-locking company into a comprehensive access-management platform provider.

The company also continued implementing its global partner program and expanded its sales organization to support future growth opportunities.

Sustainability progress

iLOQ continued to advance its sustainability agenda during the first half of the year.

The company published its 2025 Sustainability Report and successfully maintained its EcoVadis Silver Medal rating while significantly improving its assessment performance. iLOQ's overall EcoVadis score increased from 70 to 76 points, and its global ranking improved from the 86th percentile to the 89th percentile, meaning it now outperforms 89% of companies assessed worldwide.

For full details, please refer to the Capnor Weasel Bidco Oyj Half-Year Financial Report January–June 2026.

About iLOQ 

iLOQis a technology disruptor that has revolutionized the locking industry by replacing mechanical locking to make life limitless. Battery and cable-free smart locks maximize security, minimize lifecyclecosts,and enhance the value and sustainability of properties and infrastructures.iLOQoperates in more than 55 countries with over 1,800 partner locations globally. In 2025,iLOQhad a turnover of €150 million and more than 310 employees.www.iLOQ.com.