Vertex Industries — Annual Report · 2025 02 / 15

Year in Review

Twelve months, one direction. 2025 compressed a decade of Vertex Industries’s roadmap into a single year: an acquisition closed and integrated, an AI product launched and scaled, a campus opened — and the strongest order book in the group’s history carried into 2026.

The year, quarter by quarter

January – March

Kestrel Robotics joins the group

The CHF 120 million acquisition closed in February, adding 340 warehouse-robotics specialists and an immediate position in intralogistics — the fastest-growing corner of the automation market.

April – June

Vertex Neura goes live

Launched in June, the AI copilot for factory operations turns machine data into shift-level decisions. The first customers cut unplanned downtime within weeks of switching it on.

July – September

Winterthur opens its doors

The CHF 60 million robotics campus opened in September, bringing research, prototyping and pilot production under one roof.

Winterthur opens its doors
October – December

A record close

Kestrel was fully integrated in October, and record fourth-quarter order intake lifted the backlog to CHF 1.9 billion — a book-to-bill of 1.12 for the full year.

Beyond the headline numbers

CHF 0M
Net income
Up 41% on the prior year
CHF 0M
Free cash flow
Cash conversion of 119% of net income
0
Book-to-bill
Order intake ahead of revenue in every quarter
+0
Patent families filed
480 families active at year end

1,400 customer sites running Vertex Neura

Launched in June, live at 1,400 sites by 31 December — the fastest product ramp in the company’s history

Product telemetry, unaudited

Where this is heading

Strategy 2030: software past half of revenue, the autonomous factory, and supply chains built to absorb shocks.

Strategy 2030