Virtualware Records Record Order Intake of Over 8 Million Euros in 2025
Virtualware, a virtual reality expert for the industry listed on Euronext Growth Paris, closed the 2025 fiscal year with record order intakes exceeding 8 million euros. These orders mainly come from public sector and nuclear projects and will allow the group to consolidate its position in the coming years.
Record Order Intake in 2025
In 2025, Virtualware recorded a record order intake of over 8 million euros, according to the preliminary unaudited annual results presented at Euronext. These orders mainly come from public sector and nuclear projects. The revenue for the fiscal year was set at 4.32 million euros, up 2.85% year-on-year from 2024. The EBITDA reached 598,509 euros, representing a margin of 13.8%. The VIROO XRaaS line, which includes the international marketing of the proprietary VIROO platform, amounted to 1.95 million euros, up from 1.73 million euros in 2024, confirming, according to the group, the consolidation of the business model and its alignment with the last two strategic plans. Virtualware states that these results confirm the strength of the current model and the execution discipline that allows absorbing expansion costs, and demonstrate that the company is ready for selective inorganic opportunities.
Disciplined Management of Operating Costs in 2025
Operating costs were managed with discipline during the fiscal year 2025. Personnel expenses increased by 22.55%, reaching 3.20 million euros compared to 2.61 million euros in 2024. Virtualware attributes this increase to inorganic growth, particularly the acquisition of Simumatik. At the end of the fiscal year, current assets stood at 9.09 million euros against current liabilities of 6.85 million euros. As of December 31, 2025, the net financial debt was established at 2.70 million euros, with a net debt/EBITDA ratio of 4.53x. The collection of 6.22 million euros on January 10, 2026, from a major client resulted in a pro forma net cash position of approximately 3.51 million euros and a cash ratio of about 0.97x.
A Leading Company in Immersive and 3D Technology Software
Founded in 2004, Virtualware is one of the leading companies in enterprise software based on immersive and 3D technologies for industry and education. The headquarters is located in Bilbao, Spain, with offices in Orlando in the United States, Toronto in Canada, and Skövde in Sweden. Unai Extremo, CEO and founder of Virtualware in 2004 along with CTO Sergio Barrera, states: 'These results confirm our ability to integrate acquisitions and expand internationally while maintaining solid profitability. Virtualware is fully capable of growing efficiently and continues to work on high-impact VR and real-time 3D in strategic industries. We are ready to seize new opportunities.'
