Prismaflex International (ALPRI) H2 25/26 earnings summary

Executive summary

• Revenue declined by 6.6% year-over-year to €51.2 million, mainly due to a contraction in the Hardware business after strong prior-year growth.

• Printing business remained resilient, with slight growth at constant exchange rates, while Hardware saw a significant drop despite strong LED sales.

• Net profit reached €0.5 million, and free cash flow was positive at €2.9 million, supporting a reduction in net financial debt.

• Order backlog stood at €10.0 million at March 31, 2026, evenly split between Hardware and Printing.

Financial highlights

• Gross margin rate improved by 0.7 points to 50.8% year-over-year.

• Current EBITDA was €2.9 million (5.7% of revenue), down from €4.5 million (8.1%) the previous year.

• Operating profit was €1.2 million, with no significant non-recurring items.

• Cash flow from operating activities totaled €5.0 million, with a €2.1 million improvement in working capital.

Outlook and guidance

• Order backlog of €10.0 million at fiscal year-end provides a strong start for 2026-2027.

• Positive commercial trends in early FY 2026-2027, with significant Hardware orders in Africa and Europe.

• Printing business expected to remain solid; Home Decor business anticipated to stabilize.

• Targeting revenue growth for 2026-2027 while focusing on cost control and productivity.