In this Research Note, we examine the Finnish digital locking innovator iLOQ, based on the financial statements of Capnor Weasel Bidco Oyj, iLOQ’s parent company, published 14th April 2026 and the 2025 iLOQ Annual Report.  We review the group’s 2025 financial highlights, its regional performance in the Nordics, Central Europe, and North America, and the recent product launches.  This article updates our previous coverage of the company in May 2025. iLOQ Profile iLOQ positions itself as a technology disruptor in the locking industry, replacing mechanical locking. Battery and cable-free smart locks maximize security, minimize lifecycle costs, and enhance the value and sustainability of properties and infrastructures. They operate in more than 55 countries with over 1,800 partner locations globally. In 2025, the company reported more than 310 employees. 2025 Financial Highlights Revenue increased by 17% to EUR 150.0 (128.8) million Adjusted EBITDA increased to EUR 38.7 (21.4) million, corresponding to a 26% (17%) adjusted EBITDA […]