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Virtualware (MLVIR) investor relations material
Virtualware H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated interim financial statements for the six months ended 30 June 2026, prepared in accordance with Spanish accounting standards, show a return to profitability with net income of €132,680 versus a €299,082 loss a year earlier.
Revenue grew 65.38% year-over-year to €2,600,346, driven by strong subscription and services growth.
EBITDA improved to €375,323 from a negative €61,785 in H1 2025.
Operating profit reached €152,934.75, compared to a loss of €271,870.40 in the prior year.
Financial highlights
Net turnover increased to €2,600,346.30 for the period, up from €1,572,368.53 year-over-year.
Subscription revenue exceeded €1.3 million, accounting for half of total revenues.
Gross margin was 91.04%, down from 96.38% a year earlier.
Total assets grew to €10,543,468.85 from €7,753,783.90 year-over-year.
Ended the period with negative net debt of €1,915,216, indicating a net cash position.
Outlook and guidance
Management continues to assess development costs for capitalization and impairment, with ongoing reviews of intangible asset useful lives and customer credit risk.
Guided for organic revenue growth of over 30% in 2026.
Targeting EBITDA margins in the 20% to 25% range.
- Gross margin hit 93.7% and a post-closing cash inflow enabled a net cash position.MLVIR
H2 202516 Apr 2026 - Record profit, strong SaaS growth, and US expansion fuel double-digit gains and market leadership.MLVIR
H2 20242 Dec 2025 - Record contract and strong gross margin offset H1 revenue drop; outlook for H2 remains positive.MLVIR
H1 20252 Dec 2025 - EBITDA surged 91% as recurring revenue and North American growth drive strong results.MLVIR
Investor Update22 Nov 2025 - Virtualware achieved strong revenue growth and profitability in 1H2024, led by SaaS adoption.MLVIR
H1 202413 Jun 2025
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