Xilam Animation (XIL) H1 2025 TU earnings summary

Executive summary

• Strategic shift to proprietary production model, aiming for long-term value creation and reduced dependency on servicing.

• Three new proprietary series and a feature film in production, with strong reception at Annecy Festival.

• 2025 positioned as a transitional year, with revenue expected to decline before growth resumes in 2026.

Financial highlights

• First-half 2025 sales of €4.2 million, down 64% year-over-year; total operating revenue of €6.0 million, down 57%.

• Grants contributed €1.4 million; other current operating income at €0.4 million.

• International sales represented 77% of total revenue; Kids segment accounted for 94% of sales, up from 57% in H1 2024.

Outlook and guidance

• Second-half revenue expected to improve due to increased deliveries and stronger catalogue performance.

• Full-year 2025 revenue projected to decline, with growth anticipated in 2026 as proprietary model matures.