Xilam Animation (XIL) H2 2025 TU earnings summary

Executive summary

• 2025 marked the final year impacted by the market downturn that began in 2023, with a strategic refocus on proprietary productions and partnerships with European broadcasters paving the way for a rebound in 2026.

• Major new series and a feature film project were launched, and a new children's streaming platform, Toon Box, debuted in late 2025.

Financial highlights

• Total operating revenue for 2025 was €15.7M, down 44% year-over-year.

• Sales of new productions and developments fell 59% to €6.3M, while catalogue sales dropped 51% to €4.1M.

• Grants increased 34% to €4.2M, supporting overall revenue.

• International sales represented 62% of total, down from 75% in 2024.

Outlook and guidance

• 2026 is expected to mark a rebound in activity and the start of a new growth cycle, driven by proprietary productions and new series launches.

• Catalogue sales are projected to normalize in 2026 with contract renewals and new season launches.

• The revised SMAD Decree is anticipated to boost investment in original animation from 2027 onward.