HiRef Reports €132 Million Revenue in 2025 with 63% Export Share, Expands to India and US Markets
In 2025, HiRef achieved revenues of over €132 million, a 16.5% increase from 2024, with exports constituting 63% of sales. The group includes various subsidiaries contributing to total revenue. For 2026, HiRef plans to enhance international operations with a new facility in Ahmedabad, India, set to start production soon, and has established distribution agreements in five US states. The company aims for €8 million in revenue from the Indian market by 2030, capitalizing on growth opportunities in critical infrastructure and data centers.
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HiRef reported revenues exceeding €132 million in 2025, up from €116.3 million in 2024, with export sales at 63%. Major contributions came from HiRef (€81.1 million) and subsidiaries including Eneren (€8.7 million) and HiDew (€15.6 million).
In 2026, HiRef will open a production site in Ahmedabad, India, encompassing 3,200 square meters. It aims to generate €8 million in revenue by 2030 from the Indian market. Concurrently, HiRef has entered the US market with distribution agreements in Texas, California, Virginia, Colorado, and Washington, focusing on selling Italian-made solutions. The company emphasizes the strategic importance of the US data center market.
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