Adhoc: u-blox AG: u-blox Closes Divestment of Cellular Business to Trasna

u-blox AG / Key word(s): Disposal
u-blox Closes Divestment of Cellular Business to Trasna

06-Jun-2025 / 18:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Thalwil, Switzerland - 6 June 2025 - u-blox (SIX: UBXN), a global provider of leading positioning and wireless communication technologies and services, today announced the closing of the previously communicated divestment of its Cellular business to Trasna.

This strategic move reinforces u-blox's commitment to sharpening its focus on its core positioning technologies. The agreement with Trasna ensures continuity for the Cellular business, providing a strong platform for future growth under new ownership.

Stephan Zizala, CEO of u-blox, commented: "The closing of the Cellular divestment marks a key milestone in our transformation journey. With a sharper focus we look forward to continuing our growth path and delivering value to our stakeholders."

u-blox confirms its guidance for Q2 2025 of revenue of CHF 60 - 70 million in the second quarter of 2025 - compared to CHF 52.0 million in Q2 2024 (+15% - +35%) and CHF 60.2 million in Q1 2025 (0% - +16%) - and cash EBIT margin (adjusted)[1] of 0% to 10%, reflecting a gradual business recovery.

u-blox continues to expect conditions to gradually improve in 2025, with customer orders showing steady recovery. Excluding the Cellular business, u-blox anticipates:

• Sequential quarterly improvement

• Double digit revenue growth in Locate and Short-Range

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[1] Excluding restructuring costs

For further information, please contact:

Investor Relations
Rafael Duarte
Phone: [phone]
[e-mail]

u-blox (SIX:UBXN) is a global leader in automotive, industrial, and consumer markets, driving innovation through our cutting-edge positioning and short-range communication technologies. We are the pioneers behind high-precision technologies, providing smart and reliable solutions that enable people, vehicles, and machines to determine their precise position and communicate wirelessly. With headquarters in Thalwil, Switzerland, and offices across Europe, Asia, and the USA, we are making a global impact. Join us on social media - X, Facebook, LinkedIn, and Instagram - to shape a precise future. (www.u-blox.com)

Join us on social media - X, Facebook, YouTube, LinkedIn and Instagram.

Disclaimer
This release contains certain forward looking statements. Such forward looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group's products, the potential for the Group's products to become obsolete, the Group's ability to defend its intellectual property, the Group's ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group's ability to generate revenues and profitability, and the Group's ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u blox is providing the information in this release as of this date and does not undertake any obligation to update any forward looking statements contained in it as a result of new information, future events or otherwise.

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End of Inside Information

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Language:	English
Company:	u-blox AG
	Zürcherstrasse 68
	8800 Thalwil
	Switzerland
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.u-blox.com
ISIN:	CH0033361673
Listed:	SIX Swiss Exchange
EQS News ID:	2152266

End of Announcement	EQS News Service

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2152266 06-Jun-2025 CET/CEST