Materialise NV Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	267.63	266.77	256.13	232.02	205.45
Revenue Growth (YoY)	0.33%	4.15%	10.39%	12.93%	20.54%
Cost of Revenue	114.68	115.94	111	103.26	87.28
Gross Profit	152.95	150.83	145.13	128.77	118.17
Selling, General & Admin	101.71	101.19	94.89	97.27	82.05
Research & Development	46.09	44.4	38.1	37.57	26.89
Other Operating Expenses	-3.79	-4.22	-2.89	-2.52	-3.58
Operating Expenses	144.01	141.37	130.09	132.32	105.37
Operating Income	8.94	9.46	15.04	-3.55	12.81
Interest Expense	-5.62	-1.3	-1.75	-2.05	-2.44
Interest & Investment Income	3.97	4.25	4.45	1.33	0.66
Currency Exchange Gain (Loss)	-	2.11	-1.21	3.13	3.65
Other Non Operating Income (Expenses)	-0	-0.35	-0.34	-0.72	-0.35
EBT Excluding Unusual Items	7.29	14.16	16.19	-1.86	14.33
Merger & Restructuring Charges	-	-0.02	-	-	-0.41
Impairment of Goodwill	-	-	-1.18	-	-0.18
Asset Writedown	-	-	-3.05	-	-
Legal Settlements	-	-	-5.19	-	-
Other Unusual Items	-	-	-	0.68	-
Pretax Income	7.29	14.14	6.77	-1.18	13.74
Income Tax Expense	-0.43	0.73	0.08	0.98	0.59
Earnings From Continuing Operations	7.72	13.41	6.7	-2.15	13.15
Minority Interest in Earnings	0	0.03	0.03	0.03	0.01
Net Income	7.72	13.44	6.72	-2.12	13.15
Net Income to Common	7.72	13.44	6.72	-2.12	13.15
Net Income Growth	-42.56%	99.88%	-	-	-
Shares Outstanding (Basic)	59	59	59	59	57
Shares Outstanding (Diluted)	59	59	59	59	57
Shares Change (YoY)	-0.06%	0.03%	0.04%	3.91%	6.52%
EPS (Basic)	0.13	0.23	0.11	-0.04	0.23
EPS (Diluted)	0.13	0.23	0.11	-0.04	0.23
EPS Growth	-42.85%	106.79%	-	-	-
Free Cash Flow	11.23	6.81	10.92	0.68	17.91
Free Cash Flow Per Share	0.19	0.12	0.18	0.01	0.32
Gross Margin	57.15%	56.54%	56.66%	55.50%	57.52%
Operating Margin	3.34%	3.54%	5.87%	-1.53%	6.23%
Profit Margin	2.88%	5.04%	2.62%	-0.92%	6.40%
Free Cash Flow Margin	4.20%	2.55%	4.26%	0.29%	8.72%
EBITDA	30.64	24.31	30.28	14.3	27.89
EBITDA Margin	11.45%	9.11%	11.82%	6.16%	13.57%
D&A For EBITDA	21.71	14.85	15.25	17.85	15.08
EBIT	8.94	9.46	15.04	-3.55	12.81
EBIT Margin	3.34%	3.54%	5.87%	-1.53%	6.23%
Effective Tax Rate	-	5.18%	1.15%	-	4.30%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.