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Ion Beam Applications (IBAB) investor relations material
Ion Beam Applications Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Confirms strong alignment with FY2025 guidance, expecting EBIT/REBIT of at least €25 million, supported by controlled OpEx and positive Proton Therapy contribution.
Operational activities and order intake remain robust, with significant contributions from IBA Technologies and Radiopharma Solutions.
Strategic progress achieved across all business segments, including technology penetration, commercial traction, and value chain expansion.
Backlog of equipment and services stands at €1.3 billion, slightly down from Q3 2024 due to accelerated backlog conversion in H1 2025.
New Asia Headquarters opened in Beijing to strengthen presence in China and support regional growth.
Financial highlights
Equipment order intake reached €195 million as of Q3 2025, up €11 million or 6% year-over-year, driven by a 22% increase in IBA Technologies.
Net debt position at €60 million as of September 30, 2025, improved by €63 million year-over-year.
OpEx remains under 30% of total sales.
Net financial position expected to improve from December 2025 as project deliveries progress.
Equipment and Services backlog stable at €1.3 billion.
Outlook and guidance
Confident in meeting or exceeding FY2025 EBIT/REBIT guidance of at least €25 million.
Order intake and backlog conversion trends support the profitability improvement trajectory.
Mid-term outlook (2024-2028): revenue growth at 5-7% CAGR, OPEX up to 30% of sales, REBIT around 10% of revenue by 2028.
No expected impact on full-year guidance from headwinds in the Dosimetry segment.
High confidence in sustained profitability, with ongoing monitoring of geopolitical risks and market restrictions.
How does new financing impact working capital?
Impact of MD Anderson H&N cancer trial results?
PanTera's progress on commercial Ac-225 production?
Inorganic growth focus for new financing
Varian MOU: expected impact on PT roadmap
Mitigating future PT project working capital
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Next Ion Beam Applications earnings date
Q4 202527 Mar, 2026
Next Ion Beam Applications earnings date
Q4 202527 Mar, 2026
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Frequently asked questions
Ion Beam Applications SA is a Belgian company specializing in proton therapy and particle acceleration technologies, primarily for applications in medical diagnostics and cancer treatment. IBA designs and manufactures advanced proton therapy systems used in precision radiation therapy, as well as particle accelerators for applications in industrial sterilization and medical imaging. The company also offers associated software solutions and maintenance services to healthcare providers and research institutions worldwide. Ion Beam Applications SA is headquartered in Louvain-la-Neuve, Belgium, and its shares are listed on Euronext Brussels.
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