Prodways Group (PWG) Q4 2025 TU earnings summary

Executive summary

• Q4 2025 revenue reached €15 million on a comparable basis, slightly down from Q4 2024, confirming trends seen earlier in the year.

• Full-year 2025 revenue was €54.5 million, compared to €59 million in 2024, reflecting a 7% decrease.

• The Software distribution business is being divested and reclassified as a discontinued operation under IFRS 5.

Financial highlights

• IFRS 2025 revenue, excluding Software, stands at €41 million.

• Q4 2025 consolidated revenue (including Software) was €14.6 million, down 2% year-over-year.

• Full-year consolidated revenue (including Software) was €54.5 million, a 7% decrease from 2024.

• Systems division Q4 2025 revenue (including Software) grew 4% to €8.2 million; Products division fell 8% to €6.4 million.

Outlook and guidance

• 2026 focus remains on improving profitability, with revenue expected to be stable or slightly increasing.

• Profitability targets for 2026 will be communicated during the annual results presentation.