Prodways Group (PWG) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €28 million, down 8% year-over-year due to reduced activity in both divisions amid economic uncertainty.

• Despite lower revenue, current EBITDA margin improved to 10%, up 1.4 points, reflecting effective cost control.

• Operating cash flow rose sharply to €1.7 million from €0.5 million in H1 2024.

Financial highlights

• H1 2025 revenue: €27.9 million, down 10% reported and 8% organic year-over-year.

• Current EBITDA: €2.7 million (+5% year-over-year); margin at 10% (+1.4 pts).

• Operating income: €0.7 million; net income: -€0.4 million (vs. €1.4 million in H1 2024).

• Operating cash flow: €1.7 million (vs. €0.5 million in H1 2024); capex stable at €0.8 million.

• Available cash: €10 million; net debt: €2.2 million.

Outlook and guidance

• 2025 revenue target adjusted to €55–58 million (vs. €59 million in 2024) due to early-year decline and economic context.

• Focus remains on further improving current EBITDA margin through cost control.