DJ Prodware: Upward trend in results during the first half of 2025
Prodware
Prodware: Upward trend in results during the first half of 2025
16-Oct-2025 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Press Release
Paris, October 16, 2025 - 6:00 pm
Upward trend in results during the first half of 2025
Revenue: EUR362.7 M (+14.9%)
EBITDA: EUR48.7 M (+2.8%)
Current operating margin above 10%
Change in net income for H1 2025 impacted by a base effect from H1 2024, which included capital gains from discontinued
operations
IFRS standards
06.2025 06.2024
Unaudited data in EUR millions Variation
Consolidated revenue 362.7 315.7 +14.9%
EBITDA 48.7 47.3
+2.8%
As % of revenue 13.4% 15.0%
Current operating income 37.0 36.5
+1.3%
As % of revenue 10.2% 11.6%
Operating income 36.0 36.3 -0.8%
Group net income 17.6 25.2 -30.1%
Business growth in the first half of 2025
In the first half of 2025, Prodware generated EUR362.7 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 EUR48.7 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-EUR12.9 million in H1 2025 versus EUR18.6 million in H1 2024-which negatively impacted the operating margin for the period.
Current operating income rose by 1.3% to EUR37.0 million in the first half of 2025, despite a EUR1.0 million increase in depreciation and provisions compared to the same period last year.
Financial result stood at -EUR11.6 million, including EUR9.8 million in net financial debt costs-down EUR0.2 million year-on-year-and EUR1.8 million in other financial expenses.
After accounting for corporate income tax, the Group's net income came to EUR17.6 million, representing a 30.1% decline compared to the first half of 2024. That period included EUR6.0 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 EUR116.3 million, compared to EUR99.0 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 EUR231.7 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
PRODWARE
Stéphane Conrard Financial Director T: 0979 999 000 investisseurs@prodware.fr
PRESS RELATIONS
Gilles Broquelet CAP VALUE T: 01 80 81 50 00 gbroquelet@capvalue.fr
EURONEXT GROWTH
ISIN FR0010313486 - ALPRO - FTSE 972 IT Services Prodware is eligible for FCPI - Responsible Company, Prodware is a member of the Global Compact.
----------------------------------------------------------------------------------------------------------------------- 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
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