Prodways Group (PWG) H1 2026 earnings summary

Executive summary

• Achieved significant margin improvement and advanced the disposal strategy, notably selling the Software business for €35 million in H1 2026.

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

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

Financial highlights

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

• Operating income was -€1.0 million, a €1.0 million improvement year-over-year.

• Net cash position (excluding IFRS 16) was €25.1 million at June 30, 2026, compared to net debt of €4.4 million at year-end 2025.

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

Outlook and guidance

• Confirms objective of stable or slightly higher revenue and further EBITDA margin improvement for full-year 2026.

• First-half performance supports confidence in achieving these targets.