DJ VAZIVA SA: STRONG GROWTH IN 2025 ANNUAL RESULTS - 2026 OUTLOOK
VAZIVA SA VAZIVA SA: STRONG GROWTH IN 2025 ANNUAL RESULTS - 2026 OUTLOOK 30-Apr-2026 / 08:30 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- STRONG GROWTH IN 2025 ANNUAL RESULTS -- Revenue growth: +60% -- Operating profit more than doubled -- Net income at EUR2.2m (+80%) -- Net cash position above EUR4m 2026 OUTLOOK -- . Development of new product offerings -- . Strengthening of support teams Paris, April, 29 2026, 5.45PM - The Board of Directors of VAZIVA (ISIN code FR0014007T10 - ALVAZ), a pioneer in the digitalization of employee benefits, met on April 28, 2026 and approved the financial statements for the fiscal year ended December 31, 2025. These accounts will be submitted for approval at the next Annual General Meeting of shareholders, to be held on June 18. In MEUR 31.12.2025* 31.12.2024 Variation SALES 64,7 40,4 +60,1% GROSS MARGIN 11,3 7,4 +52,4% EBITDA 3,6 1,7 +114,8% OPERATING PROFIT 2,4 1,2 +100,0% NET INCOME 2,2 1,2 +80,0%
* The audit procedures for the 2025 financial statements are currently underway.
Continued revenue growth
In 2025, VAZIVA generated revenue of EUR64.7 million, a strong increase of 60.1% compared with the previous fiscal year. The 4.48% variance versus the unaudited revenue figure released to the financial community on January 28 stems from cut-off adjustments, with a positive impact on the 2026 accounts.
This growth confirms the Group's development strategy, which has enabled it to multiply its revenue by 4.5 over three years by focusing on the ease of use of its cards, the full digitalization of social benefits, and an exclusive network of partners.
VAZIVA is positioning itself as an innovative partner supporting companies in their employee-engagement initiatives, with recognized expertise and a proven ability to build long-term partnerships with Works Councils (CSEs) and HR teams within client organizations.
Sustained improvement in profitability KPIs
Benefiting from strong business growth and improved absorption of fixed costs, VAZIVA delivered a sustained increase in profitability.
Gross margin, representing the difference between revenue and the cost of services delivered, amounted to EUR11.3 million, up 52.4%. It represents 17.5% of revenue, a level close to that of the previous year.
Other purchases and external expenses totaled EUR3.9 million (+83.2%). The increase is mainly attributable to higher real-estate rental costs following the lease of new premises, as well as increased commercial prospecting expenses. Staff costs remained under control (EUR3.5 million; +13.0%) and include new hires to support the Group's development. EBITDA reached EUR3.6 million, an increase of 114.8%, reflecting the robustness of VAZIVA's business model in a context of strong growth.
After recognizing depreciation and provisions of EUR0.4 million and other net expenses of EUR0.7 million, operating profit amounted to EUR2.4 million, double the level recorded in 2024.
Net income, including a EUR0.2 million tax charge, reached EUR2.2 million, compared with EUR1.2 million in 2024, resulting in a solid net margin of 3.4%.
Robust financial structure
As of December 31, 2025, shareholders' equity amounted to EUR20.8 million, compared with EUR18.6 million at December 31, 2024. The change is solely attributable to the profit generated during the fiscal year. VAZIVA continued to reduce its indebtedness, with a EUR0.5 million decrease in gross financial debt, which stood at EUR0.6 million at year-end. Available cash at December 31, 2025 amounted to EUR4.8 million, up EUR1.0 million from the same date the previous year. As a result, net cash came to EUR4.2 million, reflecting the strength of the Group's financial structure and an excellent gearing.
Favorable outlook
As an independent player, with no banking affiliation and full control over its value chain, VAZIVA plans to expand its offering in 2026 along several strategic axes:
-- . The rollout of its meal-voucher (titres-restaurant) program, accredited by the State Meal-Voucherorganisation (CNTR), which positions VAZIVA among the leading players in the market by offering HR departments andCSEs a centralized, high-performance solution dedicated to optimizing employee benefits.
-- A comprehensive 360° leisure offering combining management tools, accounting solutions and ticketingservices, providing users with an integrated ecosystem dedicated to leisure activities.
-- The launch of a deals and special-offers marketplace, scheduled for the first half of 2026, designed toenhance the appeal of its multi-benefit card. This new service will both strengthen customer loyalty throughexclusive offers and a differentiated user experience and help stabilize revenue throughout the year viapartnerships with advertising networks.
In the coming years, the Company intends to structure its growth in order to make its model more robust and scalable. This will involve the implementation of multi-year contracts to secure the client portfolio over the long term, as well as the development of international operations, which will support the industrialization of the commercial model. This approach will contribute to more controlled and predictable growth as early as the 2026 fiscal year.
To support this momentum, VAZIVA will strengthen its teams, particularly in administrative and technical functions.
Lastly, VAZIVA reminds that it has launched, through a private placement, an issue of convertible bonds (OCA) into new shares for a maximum amount of EUR8,000,000, representing 8,000 bonds with a unit value of EUR1,000, repayable over a three-year period. The subscription period is open from April 20 to June 30, 2026. The primary objective of this transaction is to finance the Company's expansion at the European scale.
Upcoming publications:
. Revenue for the first half of 2026: Wednesday, 22 July 2026
About VAZIVA
Vaziva is the next-generation issuer of employee benefits (holiday, gift and meal benefits) through the first intelligent multi-benefit Mastercard payment card designed for work councils (CSEs), Human Resources departments, companies and public organizations. This card can be used across the international Mastercard network. The Vaziva Mastercard card integrates artificial intelligence (AI) that manages social benefits allocations based on employees' spending patterns.
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CONTACTS VAZIVA Christophe KOURDOULY @ christophe.kourdouly@vaziva.com
CapValue Dina MORIN @ dmorin@capvalue.fr
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Regulatory filing PDF file
File: VAZIVA - CP RA 2025 - 29.04.2026 UK
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Language: English
Company: VAZIVA SA
31 RUE DE LA FEDERATION
75015 Paris
France
Phone: 0672941282
E-mail: contact@vazivacard.com
Internet: www.vazivagroup.com
ISIN: FR0014007T10
AMF Category: Inside information / News release on accounts, results
EQS News ID: 2318524
End of Announcement EQS News Service
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2318524 30-Apr-2026 CET/CEST
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(END) Dow Jones Newswires
April 30, 2026 02:30 ET (06:30 GMT)
