FR Regulatory | 16 October 2025 18:00
Prodware: Upward trend in results during the first half of 2025
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Prodware
Press Release
Revenue: €362.7 M (+14.9%) EBITDA: €48.7 M (+2.8%) Current operating margin above 10%
In the first half of 2025, Prodware generated €362.7 million in revenue, marking a 14.9% increase compared to the same period last year. This solid growth, achieved despite a challenging economic climate in Europe, highlights the resilience of the Group’s business model and its ability to successfully integrate the major acquisitions made since 2023.
International markets now generate 90% of total revenue.
Operating margin on the rise
Prodware posted EBITDA of €48.7 million for the first half of 2025, up 2.8% year-on-year. This performance was tempered by a sharp reduction in capitalized R&D—€12.9 million in H1 2025 versus €18.6 million in H1 2024—which negatively impacted the operating margin for the period.
Financial result stood at -€11.6 million, including €9.8 million in net financial debt costs—down €0.2 million year-on-year—and €1.8 million in other financial expenses.
After accounting for corporate income tax, the Group’s net income came to €17.6 million, representing a 30.1% decline compared to the first half of 2024. That period included €6.0 million in capital gains from the disposal of discontinued operations. Excluding this exceptional item, the expected decrease in net income sits at 8.6%, primarily due to the previously mentioned reduction in capitalized R&D.
Enhancing Shareholder Equity While Maintaining Debt Efficiency
As of June 30, 2025, Prodware’s equity stands at €116.3 million, compared to €99.0 million as of December 31, 2024. This increase is primarily driven by net income for the period.
Net debt, including IFRS lease liabilities, stands at €231.7 million, representing 2.95 times the trailing 12-month EBITDA—below the maximum threshold of 3.25 set in the long-term debt covenants.
Outlook Building on a strong growth trajectory since the beginning of the year, Prodware is intensifying the development of its three strategic business lines—Services, Software Solutions, and Managed Sourcing. This expansion reflects the company’s commitment to supporting its clients in their digital transformation journeys. Prodware is focused on helping organizations harness the full potential of emerging technologies, including Artificial Intelligence, the Internet of Things (IoT), and Data. The company also continues to invest in flexible SaaS solutions, enabling businesses to adapt quickly and thrive in increasingly competitive environments.
About Prodware As a leading partner for mid-sized businesses, large enterprises, and public organizations navigating their digital transformation, Prodware drives value by offering comprehensive support throughout the entire process. Our expertise encompasses customized consulting, the development of high-value industry solutions, the implementation of ERP systems leveraging Microsoft, Sage, and IBM technologies, and the provision of complementary managed services.
With over 30 years of innovation and IT expertise, Prodware brings together a talented team of over 1371 professionals across 14 countries.
Listed on Euronext Growth since 2006, Prodware SA is eligible for the PEA PME (Equity Savings Plan for SMEs).
For more information go to:
www.prodware-group.com
Regulatory filing PDF file File: Prodware – CP RS 2025 VDEF UK |
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| Language: | English |
| Company: | Prodware |
| 45 Quai de la Seine | |
| 75019 Paris | |
| France | |
| ISIN: | FR0010313486 |
| Euronext Ticker: | ALPRO |
| AMF Category: | Inside information / News release on accounts, results |
| EQS News ID: | 2214384 |
| End of Announcement | EQS News Service |
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2214384 16-Oct-2025 CET/CEST