Prodways Group (PWG) H1 2026 earnings summary

Executive summary

• Strategic focus on divesting Systems division activities and improving profitability, highlighted by the €35 million sale of the Software business and advanced process to sell the Materials business, both classified as discontinued operations under IFRS 5.

• Revenue from continuing operations (Printers and Products) reached €15.9 million in H1 2026, up 1% year-over-year on a restated basis.

• Current EBITDA improved to €0.6 million (3.6% margin), up nearly 7 points from H1 2025 restated.

• Net income surged to €15.1 million, driven by a €17.4 million capital gain from the Software business disposal.

Financial highlights

• Revenue from continuing operations: €15.9 million (+1% vs. H1 2025 restated).

• Current EBITDA: €0.6 million (3.6% margin), up from -€0.5 million (-3.2%) in H1 2025 restated.

• Operating income: -€1.0 million, improved from -€2.0 million in H1 2025 restated.

• Net income from discontinued operations: €16.3 million, mainly from the Software business sale.

• Consolidated net income: €15.1 million, compared to -€0.4 million in H1 2025 restated.

• Net cash position (excluding IFRS 16): €25.1 million at 30 June 2026, versus net debt of €4.4 million at 31 December 2025.

• Cash flow from operations was €0.2 million; net cash flow from operating activities was -€0.3 million.

Outlook and guidance

• Objective to maintain stable or slightly increasing revenue in 2026 and further improve current EBITDA margin.

• H1 2026 performance supports confidence in achieving these targets.

• Ongoing process to divest the Materials business, with assets and liabilities classified as held for sale.