Artmarket (PRC) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached a record €4.31M, up 3% year-over-year, despite inflation, interest rate hikes, and geopolitical tensions; net income was €84K, down from €342K in H1 2024, mainly due to tax impacts from subsidiary restructuring.

• Strategic refocus on proprietary AI (Intuitive Artmarket®) and core business, with the end of consolidated IFRS reporting.

• Major events included wildfires in Los Angeles impacting the art world, a surge in site traffic (+450%), and official recognition of La Demeure du Chaos as a total artwork by the French Ministry of Culture.

Financial highlights

• Revenue: €4.31M (+3% vs. H1 2024); net income: €84K (vs. €342K in H1 2024), primarily due to restructuring-related tax effects.

• Equity at €31.17M as of June 30, 2025, slightly up from €31.08M at year-end 2024; capital unchanged at €6.65M.

• Cash position at €1.66M; net financial debt at €89K; no own shares held.

• Operating margin decreased; production capitalized at €319K for ongoing IT projects.

• Absorption of LSJE subsidiary and voluntary closure of Artprice Inc. (USA) with related financial impacts.

Outlook and guidance

• Focus on AI-driven growth, especially through premium subscriptions and a new strategic alliance with Perplexity, aiming for significant new revenue streams.

• Intuitive Artmarket® AI expected to multiply unique data volume 25–30x by 2030 without significant cost increases.

• Continued investment in proprietary data and AI to drive recurring revenue and product innovation.

• Expansion of mixed Artprice/Perplexity subscription offers in H2 2025 and 2026.

• Targeting a third consecutive “Innovative Company” label from BPI for 2025/2026.