Artmarket (PRC) H2 2025 earnings summary

Executive summary

• Revenue for 2025 reached €8.5M, up slightly from €8.36M in 2024, despite a challenging art market environment.

• Net income dropped sharply to €1K from €654K in 2024, mainly due to increased operating expenses and restructuring costs.

• The company completed internal restructuring, dissolving inactive subsidiaries and focusing resources on core AI-driven activities.

• Artmarket.com reinforced its global leadership in art market data and AI, launching new premium AI-powered services and expanding its media presence.

Financial highlights

• Operating income turned negative at -€309K (vs. +€648K in 2024) due to higher external charges and amortizations.

• Result before tax was €45K, down from €954K in 2024.

• No dividends distributed for the third consecutive year.

• Equity remained stable at €31.1M.

• Cash position and liquidity considered adequate; no significant debt except a small fixed-rate loan.

Outlook and guidance

• The art market rebounded in late 2025, with global auction sales up 12% and a record number of lots sold.

• The company expects positive momentum in 2026, driven by AI integration, digitalization, and new subscription models.

• Strategic partnership with Perplexity AI and continued investment in proprietary AI are expected to boost recurring revenues.