Gross margin rises to 93.7%, EBITDA reaches €672K (15.53% margin), and the company moves to a pro forma net cash position Bilbao, March 30, 2026.- Virtualware (Euronext Growth Paris: ALVIR) closed 2025 with a gross margin of 93.7%, up from 86.8% in the prior year, and EBITDA of €672,626 (15.53% margin), according to audited annual results filed today with Euronext. The figures confirm the operational picture outlined in the February preliminary communication and show margin improvement, reflecting disciplin ...

Core Viewpoint - Virtualware anticipates a return to double-digit organic revenue growth exceeding 30% for fiscal year 2026, with EBITDA margins projected between 20% and 25% [1][6] Financial Performance - In 2025, Virtualware reported consolidated revenues of €4.32 million, reflecting a year-on-year increase of 2.85%, with an EBITDA of €598,509, resulting in a margin of 13.8% [2] - The company's VIROO XRaaS line generated revenues of €1.95 million in 2025, up from €1.73 million in 2024, indicating successful consolidation of its business model [3] - Virtualware achieved record bookings exceeding €8 million in 2025, the highest in its 20-year history, primarily from government and nuclear projects [4] Strategic Initiatives - The company is in the final year of its 2024–2026 Strategic Plan, focusing on growth and consolidation, supported by a strong backlog and recurring subscription revenues [6] - Virtualware's current liquidity position is reported as the strongest in its history, enabling stability in complex environments [5] Industry Outlook - The nuclear sector is highlighted as a growing area for Virtualware, driven by a global renaissance in nuclear energy due to the demand for clean and safe energy [7] - The company has been collaborating with GE Vernova to build virtual nuclear plants and has appointed a former Chief Nuclear Engineer to its advisory board, indicating a strategic focus on the nuclear industry [8] Recent Developments - In 2025, Virtualware completed its uplisting to Euronext Growth Paris and became a certified B Corp, while also launching a new version of its VIROO platform with enhanced functionalities [9]

Core Insights - Virtualware is enhancing its Board of Directors by appointing two new independent directors, Sara Antuñano Leicea and Carlos Polo Gil, who possess extensive experience in business innovation and acceleration [1][2] Group 1: Board of Directors - The new independent directors will strengthen the Board's governance by providing complementary expertise that aligns with the company's long-term vision [2] - Sara Antuñano Leicea has a background in Computer Engineering and has held senior financial positions at EROSKI, a leading business group in Spain [3] - Carlos Polo Gil, also a Computer Engineer, is an investor with a successful track record in technology ventures and capital markets, having founded and invested in multiple software projects [4] Group 2: Company Strategy and Growth - The CEO of Virtualware, Unai Extremo, stated that the addition of the new directors is a significant step for the company as a listed entity, aiding in the execution of its growth roadmap over the next 24 months [5] - Virtualware recently celebrated the first anniversary of its acquisition of Simumatik, which has enhanced its industrial simulation and digital twin capabilities [6] - The company announced a multi-year agreement exceeding five million euros to deploy its VIROO platform across 66 Vocational Training Centres of Excellence, marking the largest contract in its history [7] Group 3: Company Overview - Virtualware, a leader in immersive and 3D technology solutions, has been listed on Euronext Growth Paris since June 2025 and has achieved B Corp certification, reflecting its commitment to sustainable innovation [8] - Founded in 2004, Virtualware serves a diverse range of global organizations and institutions, with headquarters in Bilbao, Spain, and additional offices in the US, Canada, and Sweden [9]