Prodways: net profit of €15.1 million in first half 2026 following Software divestiture
Prodways Group's first half of 2026 is marked by two distinct developments. On one hand, the divestiture of the Software business, finalized in May 2026 for €35 million, generates a gain that drives consolidated net income to €15.1 million.
On the other hand, the new perimeter of continuing operations (now refocused on Printers equipment and the Products division) displays a trajectory of profitability improvement, with current EBITDA margin increasing by nearly 7 percentage points.
Revenue of €15.9 million and current EBITDA margin of 3.6%
On the new presented perimeter, Prodways Group achieved revenue of €15.9 million in the first half of 2026, up 1% compared to the restated first half of 2025. Current EBITDA stood at €0.6 million, versus -€0.5 million a year earlier, bringing the margin to 3.6%, an improvement of nearly 7 percentage points.
This progression stems from improved profitability in both divisions and a reduction in structural costs, brought down to -€0.7 million compared to -€1.2 million in the restated first half of 2025. The Products division generated current EBITDA of €1.4 million, up 21% despite stable revenue, with margin increased to 10% from 8% a year earlier.
The Systems division, now consisting solely of the Printers business, reduced its losses with current EBITDA of -€0.1 million versus -€0.5 million, driven by volume growth of MovingLight dedicated to ceramic applications.
Software divestiture gain and net income of €15.1 million
Operating profit from continuing operations came in at -€1.0 million, an improvement of nearly €1.0 million compared to the restated first half of 2025 (-€2.0 million). After financial result and tax, net income from continuing operations stood at -€1.3 million.
Net income from discontinued operations reached €16.3 million, including a gain of €17.4 million realized upon the divestiture of the Software business, finalized in May 2026. Consolidated net income thus came to €15.1 million.
The divestiture generated net proceeds of €31.5 million, bringing cash from continuing operations to €34.4 million as of June 30, 2026. Excluding IFRS 16 lease liabilities, the Group had net cash of €25.1 million, compared to net debt of €4.4 million as of December 31, 2025. Following this transaction, Prodways Group conducted a share buyback offer for €20 million, repurchasing 18,181,818 shares at the unit price of €1.10, subsequently cancelled during a capital reduction completed on August 6, 2026.
2026 objectives confirmed and divestiture of Materials business underway
On the perimeter of continuing operations, Prodways Group confirms its objective of maintaining stable or slightly growing revenue in 2026 and improving current EBITDA margin rate. The Group indicates that first half performance, with 1% revenue growth and an improvement of nearly 7 percentage points in current EBITDA margin, reinforces the achievement of these objectives.
The divestiture strategy continues with the Materials business, carried by DeltaMed company, whose process has advanced sufficiently to be classified as discontinued operation under IFRS 5, with its assets and liabilities presented as held for sale as of June 30, 2026.
On the Printers business side, which achieved €1.7 million in revenue in the first half (+19%), an order for approximately ten MovingLight printers was signed since closing with an aerospace manufacturer in the United States, for an amount of several million euros, with deliveries planned throughout 2027.
