Unassociated Document

FOR IMMEDIATE RELEASE

Bel Fuse Inc.

206 Van Vorst Street

Jersey City, NJ 07302

www.belfuse.com

tel 201.432.0463

fax 201.432.9542

Investor Contact:

Neil Berkman Associates

(310) 277-5162

info@berkmanassociates.com

Company Contact:

Daniel Bernstein

President

(201) 432-0463

Bel Reports Third Quarter and Nine Month Results

JERSEY CITY, New Jersey, October 26, 2005 -- Bel Fuse Inc. (NASDAQ:BELFA & NASDAQ:BELFB) today announced operating results for the third quarter and first nine months of 2005.

Third Quarter Results

For the three months ended September 30, 2005, revenue increased 13% to $56,248,000 from $49,986,000 for the same period last year. Pre-tax income increased to $7,364,000 for this year's third quarter from $7,102,000 for the third quarter of 2004. Net income for the third quarter of 2005 was $5,986,000, or $0.52 per diluted share, reflecting a 19% effective tax rate. This compares to net income for the third quarter of 2004 of $6,894,000, or $0.60 per diluted share, reflecting a 3% effective tax rate that resulted principally from one-time events.

At September 30, 2005, Bel reported cash, cash equivalents and marketable securities of approximately $82,514,000, working capital of approximately $123,283,000, a current ratio of 4.4-to-1, total long term obligations of $3,026,000 and shareholders' equity of approximately $194,439,000.

Nine Month Results

For the nine months ended September 30, 2005, revenue increased 13% to $159,231,000 from $140,733,000 for the first nine months of 2004. Pre-tax income increased to $21,552,000 for the first nine months of 2005. This compares to pre-tax income of $21,858,000 for the same period of the prior year, which included $2,935,000 related to proceeds from a lawsuit. Net income for this year's first nine months was $16,968,000, or $1.47 per diluted share, reflecting a 21% effective tax rate. This compares to net income for the first nine months of 2004 of $18,694,000, or $1.63 per diluted share, reflecting a 14% effective tax rate. Last year's nine month results included a net after-tax gain of $0.12 per share, reflecting proceeds of $2,935,000 from the settlement of a lawsuit and a fixed asset write down of $1,033,000.

Operations Review

"In addition to an increase in magnetics sales, third quarter revenue growth also was driven by higher sales of our latest DC/DC products and the inclusion of products from Galaxy Power, which Bel acquired in March 2005," said Daniel Bernstein, president of Bel. "We were pleased by our year-to-year comparisons and believe that we made significant progress in the transfer of a key high-volume program from Galaxy to our manufacturing operations in Asia, which we expect to generate additional efficiencies in the future. However, lead times in our industry remain short and pressure on selling prices and certain raw material costs continues. Bel continues to aggressively pursue our new product development programs in power and other attractive markets, and we remain alert for opportunities to expand our business through acquisitions that would enhance shareholder value."

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Bel Reports Third Quarter and Nine Month Results

October 26, 2005

Page Two

Conference Call

Bel has scheduled a conference call at 11:00 a.m. EDT today. A simultaneous webcast of the conference call may be accessed from the Investor Info link at www.BelFuse.com. A replay will be available after 1:00 p.m. EDT, for a period of 20 days at this same Internet address. For a telephone replay, dial (800) 633-8284, reservation #21264667 after 1:00 p.m. EDT.

About Bel

Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, automotive and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack7s), modules (DC/DC converters, integrated analog front end modules, custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). The Company operates facilities around the world.

Forward-Looking Statements

Except for historical information contained in this news release, the matters discussed (including the statement regarding future efficiencies) are forward looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers, the continuing viability of sectors that rely on our products, the effect of business and economic conditions; the difficulties inherent in integrating remote business that may have followed business practices that differ from the Company's business practices; capacity and supply constraints or difficulties; product development, commercializing or technological difficulties; the regulatory and trade environment; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products, and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statements.

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#3981

BEL FUSE AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
($000s omitted, except for per </F ont>share data)


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2005		2004		2005		2004
	(unaudited)				(unaudited)

Net Sales	$	56,248	$	49,986	$	159,231	$	140,733

Cost of expenses:
Cost of sales		40,420		35,008		113,800		97,995
Selling, general and administrative expenses		8,811		7,984		24,619		23,054
Fixed asset write-down		--		--		--		1,033
		49,231		42,992		138,419		122,082

Income from operations		7,017		6,994		20,812		18,651

Other income - net		347		108		740		272
Lawsuit proceeds		--		--		--		2,935

Earnings before income tax provision		7,364		7,102		21,552		21,858
Income tax provision		1,378		208		4,584		3,164

Net earnings	$	5,986	$	6,894	$	16,968	$	18,694

Net earnings per common share
Basic	$	0.52	$	0.61	$	1.48	$	1.66
Diluted	$	0.52	$	0.60	$	1.47	$	1.63

Weighted average common shares outstanding
Basic		11,501		11,331		11,448		11,260
Diluted		11,575		11,538		11,542		11,490

CONDENSED CONSOLIDATED BALANCE SHEET DATA
($ 000s omitted)(Unaudited)

	Sep. 30,		Dec. 31,			Sep. 30,		Dec. 31,
ASSETS	2005		2004		LIABILITIES & EQUITY	2005		2004

Current Assets	$	159,838	$	159,768	Current liabilities	$	36,555	$	32,144

Property, plant & equipment, net		41,639		41,245	Long-term liabilities		3,026		6,762

Goodwill, net		22,340		9,882	Deferred income taxes		--		410

Intangibles & other assets		10,203		6,882	Stockholders'equity		194,439		178,461

Total Assets	$	234,020	$	217,777	Total liabilities &equity	$	234,020	$	217,777