Prodways Group (PWG) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was €41 million, down 9% year-over-year in a challenging economic environment.

• Current EBITDA doubled to €2.6 million, with margin rising to 6% (+3 pts), reflecting improved cost discipline and strategic refocusing.

• The Software business was classified as discontinued operations following a sale agreement for €35 million, pending shareholder approval.

• Net income was slightly negative at -€0.1 million, compared to €0.6 million in 2024.

Financial highlights

• Revenue declined from €45.1 million in 2024 (restated) to €40.9 million in 2025.

• Current EBITDA increased from €1.3 million to €2.6 million, with margin up from 3% to 6%.

• Operating income improved slightly to -€2.0 million from -€2.2 million.

• Cash flow from operations rose 16% to €5.1 million.

• Net debt reduced to €5.1 million from €7.6 million year-over-year.

Outlook and guidance

• Focus for 2026 is on maintaining stable or slightly increased revenue and further improving EBITDA margin.

• Strategic plan includes disposal of Systems division assets and recovery of Products division activities.