Prodways Reports a 7% Decline in Annual Revenue to 54.5 Million Euros

Financial Performance Overview

Prodways Group recorded a revenue of 54.5 million euros for the year 2025, down from 59 million euros in 2024, marking a 7% decline on a like-for-like basis. In the fourth quarter, the group generated 15 million euros in revenue, slightly down from the same period in 2024. This decline follows the trends observed throughout the past year, affecting all business units of the group. The Systems division, which markets 3D printing systems and materials, achieved 8.2 million euros in revenue in the fourth quarter, growing by 4 percent compared to the same period last year. This improvement was driven by new orders for MovingLight printers dedicated to ceramics in the aerospace sector, involving both existing and new clients. However, the business still struggled to generate significant cash flow at the end of the year. The Products division, which manufactures and markets on-demand parts, prototypes, and small series, posted a revenue of 6.4 million euros in the fourth quarter, down by 0.6 million euros compared to the equivalent quarter of 2024. This contraction mainly reflects a decline in the German market in the Digital Manufacturing activity, partially offset by an improvement in France.

Strategic Shifts and Software Division Sale

At the beginning of 2026, Prodways announced the reclassification of its software distribution business as a discontinued operation, in accordance with IFRS 5. This decision reflects the progress of the divestiture process initiated in 2025 as part of the group's refocusing strategy. With the application of this standard, the restated 2025 revenue stands at 41 million euros. On a like-for-like basis, excluding the Software business, the annual revenue is 40.9 million euros. The group also corrected the 2024 figures, which contained an accounting error in the quarterly allocation. The third quarter of 2024 was thus 12.7 million euros (compared to 14.7 million euros initially published), while the fourth quarter of 2024 was set at 14.9 million euros (compared to 12.9 million euros). Regarding the sale of the Software business, several potential buyers have expressed interest. A first step could be taken in the first half of 2026.

2026 Outlook and Strategic Focus

For 2026, Prodways Group aims for stability in revenue, with a goal of maintaining or slightly increasing it within the current scope as well as in a scope excluding the Software activity. This follows the 2025 priority, which focused on improving the profitability of each activity rather than revenue growth. Profitability targets will be communicated during the annual results presentation. In the Systems division, the potential for additional sales of ceramic printers remains significant and diversified, with clients considering a transition from the research and development phase to production. Sales of materials decreased in the fourth quarter, affected by reduced consumption among dental sector clients and increased international competition. The Software activity strengthened in the fourth quarter, stabilizing annual revenues despite the transition to a SaaS model. In the Products division, the reorganization of sales teams is beginning to yield positive results, although some internal production issues continue to limit activity.