Xilam Animation (XIL) H1 2025 earnings summary

Executive summary

• First-half 2025 saw a significant decline in revenue due to lower sales of new productions and developments, as the company focused on longer-cycle proprietary projects with leading European broadcasters.

• Investments in proprietary productions are expected to yield medium-term returns, with a ramp-up in deliveries and improved seasonality anticipated to boost second-half results.

Financial highlights

• Total sales for H1 2025 were €4.2 million, down 64% year-over-year, with total operating revenue at €6.1 million, down 56%.

• Sales of new productions and developments dropped 78% to €2.0 million, while catalogue sales remained stable at €2.2 million.

• Current operating income was -€2.4 million, compared to -€1.3 million in H1 2024.

• Net income attributable to the group was -€2.5 million.

Outlook and guidance

• Second-half 2025 is expected to see improved revenue and profitability, driven by the ramp-up in proprietary series deliveries and stronger catalogue sales due to seasonality.

• New series and a feature film are scheduled for launch in 2026, supporting revenue growth into 2026-2027.