AS Bercman Technologies (hereinafter "Bercman" or "company") reported consolidated sales revenue of EUR 773,631 for the fourth quarter of 2025, representing a year-on-year increase of 53% (4th quarter 2024: EUR 504,579). The consolidated revenue for the 12 months of 2025 totalled to EUR 2.20 million, an increase of 45% compared to the previous year (2024: EUR 1.52 million).
Proprietary Products
Smart Pedestrian Crosswalks were delivered in the fourth quarter to customers in Greece, Montenegro, Serbia, Croatia and Estonia. In total, 41 smart pedestrian crosswalk equipment sets were delivered to customers during the last three months of 2025.
Five mobile 60 kW DC fast chargers were delivered to customers in Norway. In Qatar, a 60 kW DC fast charger was installed in the indoor parking area of the OQ Hotel in Doha.
The subsidiary Krakul launched its first proprietary product – Fuseboard. A smart power distribution panel designed to simplify the management of electrical system protections and loads during product development and make their control easier.
Development Services
In the fourth quarter, product development agreements were signed with new customers in Estonia, and the largest volume of work in the services segment was related to the development of electric car charging solutions. Projects were also carried out for industrial automation and the defence industry, which are segments with continuously growing demand.
Expansion of Sales and Partner Network
To map opportunities for offering development services, visits were made to the Elmia Subcontractor trade fair in Sweden and the Teknologia trade fair in Finland. In connection with the focus on the defence sector, participation took place in joint events organised by Estonian and Norwegian defence industry companies and in the EMS & Beyond 2025 seminar in Tallinn, which was aimed at providers of electronic manufacturing services.
The subsidiary Bercman Energy entered into a cooperation agreement with the Lithuanian company Area Energy UAB (stock exchange announcement on 12.12.2025). The cooperation will offer modern battery storage solutions that support the electricity grid for industrial, infrastructure, and public sector projects.
Discussions on resale and cooperation regarding smart crosswalks were initiated with companies in Bulgaria, Mexico, and the US to increase the international market share of the product portfolio.
Mart Suurkask, CEO of Bercman: “Our services business continued to provide a stable operational base towards the end of the year, which enabled us to focus on scaling the development and sales of our proprietary products. Within city infrastructure projects, deliveries of smart pedestrian crosswalks were carried out at the end of the year under public tenders won in previous periods.
In the fast-charging segment, our focus remains on expanding export activities through a growing reseller network, with primary attention on the Nordic markets. To accelerate development in more distant markets, we have established a subsidiary and a joint venture in Spain and Qatar, and the first fast charger in Qatar is already in everyday use.”
In connection with the realisation of employee option agreements, Bercman's share capital was increased by €1,024.60 (Stock exchange announcement 04.11.2025).
Bercman is a technology company listed on the Nasdaq First North alternative market, offering development services, proprietary products, and comprehensive technology solutions. The Bercman consolidation group includes the parent company AS Bercman Technologies, the subsidiaries Bercman Energy OÜ and Krakul OÜ. Bercman Energy is focused on the development, production, and marketing of fast chargers for electric vehicles. Krakul is a leading product development company with over 12 years of experience in hardware and software development.
Further information:
Mart Suurkask
AS Bercman Technologies
Member of the Board
+372 5340 2902
mart.suurkask@bercman.com