AS Bercman Technologies (hereinafter referred to as ‘Bercman’) publishes the consolidated unaudited results for the second half and 12 months of 2025. Bercman’s consolidated unaudited revenue for the second half of 2025 was €1,207,116, increasing by 44% year-on-year (H2 2024: €830,645). The total consolidated revenue for 2025 was €2,195,810, also growing by 44% compared to the previous year (2024: €1,523,978).
Business activities: Proprietary products
Smart pedestrian crosswalks were delivered in 2025 to Greece, Croatia, Montenegro, Serbia, the United States, and Estonia. To date, more than 100 smart pedestrian crosswalks have been delivered and installed in nine countries worldwide.
In the field of electric vehicle fast chargers, development continued on chargers in the 30–300 kW range. For a Norwegian sales partner, 30 kW and 60 kW Wallbox-type as well as mobile fast chargers with one and two charging cables were delivered, which are in daily use for charging electric trucks. Additionally, a 60 kW fast charger was installed in the indoor parking garage of Hotel OQ in Doha, Qatar. For convenient remote management and monitoring of chargers, the customer portal Bercman Energy Control Hub was completed.
Subsidiary Krakul launched its first proprietary product – Fuseboard. The smart DC distribution board is designed to simplify the management of electrical system protections and loads during product development and to make their control easier.
Business activities: Development services
In 2025, development services were exported in addition to serving Estonian clients to Sweden, Finland, Singapore, and Switzerland. The provision of development services focused on the development of electric vehicle charging solutions, and cooperation continued with clients in the industrial automation and defence sectors.
Expansion of the sales and partner network
To showcase the company’s development services and stay up to date with industry needs and innovations, the company participated in sTARTUp Day, DefenceTech Meetup, the MELT Innovation Forum, and Latitude59. It also visited the Elmia Subcontractor trade fair in Sweden and the Teknologia fair in Finland. With a focus on the defence sector, the company took part in the Estonian Minister of Defence’s high-level delegation visit to Denmark, as well as a business trip to Bavaria, Germany, aimed at the defence and security industry. In addition, it participated in joint events of Estonian and Norwegian defence industry companies and in the EMS & Beyond 2025 seminar in Tallinn, targeted at providers of electronic manufacturing services.
Subsidiary Krakul entered into a partnership agreement with the software company nodeSWAT, through which they jointly offer clients a comprehensive product development service—from electronics to scalable software and systems integration.
Subsidiary Bercman Energy signed a cooperation agreement with the Lithuanian company Area Energy UAB. Within the framework of this partnership, modern grid-supporting energy storage solutions are offered for industrial, infrastructure, and public sector projects.
To expand into more distant markets, Bercman Energy established a subsidiary, Bercman Energy Spain, S.L., in Spain, and a joint venture, Bercman For Electrical Installation and Services, L.L.C., in Qatar. The latter was established in cooperation with a local partner, JMJ Ventures for Administrative Consultations, which is part of JMJ Group Holding. JMJ holds a 51% stake in the joint venture, while Bercman Energy holds 49%.
Financial results
The reporting period ended with a loss of 329,537 euros (in 2024, the loss was 582,868 euros). As of 31.12.2025, the consolidated balance sheet total of the company was 1,762,880 euros (31.12.2024: 1,362,743 euros). Current assets amounted to EUR 606,499 (31.12.2024: EUR 419,291). The volume of fixed assets was 1,156,381 euros (31.12.2024: 943,452 euros). As of 31.12.2025, the company's equity was 345,204 euros (31.12.2024: 496,580 euros). As of 31.12.2025, the company had 201,424 euros of loan liabilities (31.12.2024: 135,250 euros).
Team
As of 31 December 2025, each company within the group has one member of the management board and parent company three members of the supervisory board, and the Group employs 20 specialists in their respective fields. The group's labour costs, including labour taxes, amounted to EUR 1,222,267 in 2025 (2024: EUR 1,181,103).
The Bercman’s complete consolidated unaudited annual report, together with all appendices, is presented at the end of the stock exchange announcement.
Revenue forecast for 2026
Bercman plans consolidated sales revenue of €2.7 million for the Bercman Group for the current year. Compared to the 2025 sales revenue, the company expects revenue to grow by 23% this year.
Mart Suurkask, CEO of Bercman: “During the year 2025, we expanded into new markets and started cooperation with several new partner companies, strengthened product development, and increased the international visibility of the Group’s companies.
The first smart crosswalks will soon reach new markets in Iceland, Bulgaria, and the Czech Republic. Negotiations are underway to expand the sales network for chargers in the Nordic countries. This year, the focus of proprietary product development is on the ultra-fast 150–600 kW DC charger.
In product development services, work on long-term projects continues. In addition, new companies have been added to the client portfolio, to whom we can provide support with our engineering expertise. In offering development services, our aim this year is to place greater focus on companies in the manufacturing sector, contributing to increasing the sector’s added value through product development and modernisation of production.”
Bercman, founded in 2016, is a technology company listed on Nasdaq First North, specialising in development services, creation of proprietary products, and provision of comprehensive technology systems. The Bercman Group consists of the subsidiaries Bercman Energy OÜ and Krakul OÜ. Bercman Energy, founded in 2024, is a company active in the development, production and marketing of fast chargers for electric vehicles. Krakul is a leading product development company with thirteen years of experience in hardware and embedded software development.
Additional information:
Mart Suurkask
AS Bercman Technologies
Member of the Board
Telephone: +372 5340 2902
E-mail: mart.suurkask@bercman.com