Materialise Reports Third Quarter 2026 Results

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October 28, 2026 2:00 AM EDT

Regulated information1

LEUVEN, Belgium--(BUSINESS WIRE)-- Materialise NV (Euronext & NASDAQ: MTLS), a global leader in 3D-printed medical devices and software, and a pioneer in additive manufacturing software and services, today announced its financial results for the third quarter ended September 30, 2026.

Highlights – Third Quarter 2026

  • Total revenue increased by 2.1% to 67,670 kEUR for the third quarter of 2026 compared to 66,259 kEUR for the corresponding 2025 period. Excluding last year’s revenue for the recent divestitures in our Materialise Manufacturing segment, total revenue increased by 4.9% year over year.
  • Adjusted EBITDA amounted to 8,046 kEUR for the third quarter of 2026 compared to 8,428 kEUR for the third quarter of 2025.
  • Adjusted EBIT amounted to 2,485 kEUR for the third quarter of 2026 compared to 2,918 kEUR for the third quarter of 2025.
  • Net profit for the third quarter of 2026 amounted to 1,383 kEUR, or 0.02 EUR per diluted share, compared to net profit of 1,848 kEUR, or 0.03 EUR per diluted share, for the corresponding 2025 period.
  • The net cash position at quarter end was 82,473 kEUR, 11,668 kEUR higher compared to the net cash position as of December 31, 2025 while 2,277 kEUR was invested in share buybacks during the quarter.

CEO Brigitte de Vet-Veithen commented, “In the third quarter of this year consolidated revenue grew to EUR 67.7 million, representing 4.9% year-on-year growth when excluding last year’s revenue from the recent divestitures in our Materialise Manufacturing segment. Our Materialise Medical segment continued to deliver double-digit growth, while our Materialise Manufacturing segment, when adjusted for its recent divestitures, confirmed its renewed revenue growth driven by strong performance in its aerospace & defense focus markets. While we increased R&D investments in our Medical segment targeting additional growth opportunities, and despite non-recurring costs, we delivered once more a positive net result in the third quarter of this year. At the same time we significantly improved our net cash position driven by strong operational cash flow while we continued to buy back shares under our share repurchase program. Our recurring positive free cash flow further strengthened our balance sheet giving us the opportunity to continue investing in innovation and future growth.”

__________________________________

1 The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

Third quarter 2026 Results

Total revenue for the third quarter of 2026 increased by 2.1% to 67,670 kEUR from 66,259 kEUR for the third quarter of 2025. Adjusted EBIT amounted to 2,485 kEUR for the third quarter of 2026 compared to 2,918 kEUR for the 2025 period. The Adjusted EBIT margin (Adjusted EBIT divided by total revenue) for the third quarter of 2026 was 3.7%, compared to 4.4% for the third quarter of 2025. Adjusted EBITDA for the third quarter of 2026 amounted to 8,046 kEUR compared to 8,428 kEUR for the 2025 period.

Revenue from our Materialise Medical segment increased 9.7% to 36,542 kEUR for the third quarter of 2026 compared to 33,296 kEUR for the same period in 2025. Segment Adjusted EBITDA amounted to 10,015 kEUR for the third quarter of 2026 compared to 10,199 kEUR for the corresponding period, while the segment Adjusted EBITDA margin was 27.4% compared to 30.6% for the third quarter of 2025.

Revenue from our Materialise Software segment was 9,864 kEUR for the third quarter of 2026 compared to 10,286 kEUR for the same quarter last year. Segment Adjusted EBITDA amounted to 1,463 kEUR compared to 1,801 kEUR for the corresponding period, while the segment Adjusted EBITDA margin was 14.8% compared to 17.5% for the prior-year period.

Revenue from our Materialise Manufacturing segment was 21,266 kEUR for the third quarter of 2026 compared to 22,677 kEUR for the third quarter of 2025. Adjusted for the recent divestments segment revenue increased 1.5% compared to the prior-year period. Segment Adjusted EBITDA improved to (257) kEUR compared to (845) kEUR for the same period in 2025, while the segment Adjusted EBITDA margin was (1.2)% compared to (3.7)% for the third quarter of 2025.

Gross profit increased 3.7% to 39,035 kEUR for the third quarter of 2026 compared to 37,651 kEUR for the same period last year, while gross profit as a percentage of revenue was 57.7% compared to 56.8% for the third quarter of 2025.

Research and development (“R&D”), sales and marketing (“S&M”), and general and administrative (“G&A”) expenses increased, in the aggregate, by 7.8% to 38,830 kEUR for the third quarter of 2026 from 36,019 kEUR for the third quarter of 2025 mainly driven by 11.9% higher R&D spend.

Net other operating income was 1,137 kEUR compared to 890 kEUR for the third quarter of 2025. Net operating income in the third quarter of 2026 includes non-recurring charges of 184 kEUR from the impairment of inventory related to the transfer of the Eyewear assets.

Operating profit was 1,343 kEUR compared to 2,522 kEUR for the third quarter of 2025, while net financial result was 160 kEUR, compared to (121) kEUR for the third quarter of 2025.

The third quarter of 2026 contained net tax expenses of (120) kEUR, compared to net tax expenses of (553) kEUR in the third quarter of 2025.

As a result of the above, net profit for the third quarter of 2026 was 1,383 kEUR, compared to 1,848 kEUR for the same period in 2025.

Cash flow from operating activities for the third quarter of 2026 amounted to 9,666 kEUR compared to 10,359 kEUR for the same period in 2025. Total cash used for capital expenditures for the third quarter of 2026 amounted to 2,146 kEUR and free cash flow after operating and investing activities was 11,419 kEUR.

At September 30, 2026, cash and cash equivalents increased to 153,529 kEUR from 133,918 kEUR at December 31, 2025. Gross debt increased to 71,056 kEUR from 63,113 kEUR at December 31, 2025. As a result, our net cash position increased by 11,668 kEUR to 82,473 kEUR compared to 70,805 kEUR as of December 31, 2025. At the end of the third quarter of 2026 Materialise had repurchased 1,426,784 own shares for a total amount (excluding transaction cost) of 7,482 kEUR (8,698 kUSD) under its previously announced share buy-back program.

Net shareholders' equity at September 30, 2026 increased to 255,809 kEUR compared to 255,482 kEUR at December 31, 2025.

2026 Guidance

Mrs. de Vet-Veithen concluded, “Also in the last quarter of this calendar year we intend to maintain clear focus on strategy execution, targeted investments in our focus areas, continued cost control and cash generation positioning Materialise for further profitable growth. As a result, we are reconfirming our full-year 2026 revenue guidance of 273,000 to 283,000 kEUR, fully absorbing the unfavorable revenue impact of the recent RapidFit and Eyewear divestitures. We are also reaffirming the full-year Adjusted EBIT guidance that we increased in August to a range of 12,000 to 14,000 kEUR reflecting the strength of our execution and our continued discipline in managing costs and capital, while we intensify our R&D investments to capture accelerating market opportunities.”

Non-IFRS Measures

Materialise uses EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA as supplemental financial measures of its financial performance, including for purposes of monitoring compliance with financial covenants, supporting discussions with financing institutions, and meeting reporting requirements to our banks. EBIT is calculated as net profit plus income taxes, financial expenses (less financial income) and shares of profit or loss in a joint venture. EBITDA is calculated as net profit plus income taxes, financial expenses (less financial income), shares of profit or loss in a joint venture and depreciation and amortization. Adjusted EBIT and Adjusted EBITDA are determined by adding to EBIT and EBITDA, respectively (i) share-based compensation expenses, (ii) acquisition expenses related to business combinations or divestiture-related expenses, (iii) impairments and revaluation of fair value due to business combinations and (iv) costs incurred in relation to corporate initiatives, restructurings or reorganizations that are of a non-recurring nature. Management believes these non-IFRS measures to be important measures as they exclude the effects of items which primarily reflect the impact of financing decisions and, in the case of EBITDA and Adjusted EBITDA, long term investment, rather than the performance of the company’s day-to-day operations. The company also uses segment Adjusted EBITDA and segment Adjusted EBITDA margin to evaluate the performance of its three business segments. As compared to net profit, these measures are limited in that they do not reflect the cash requirements necessary to service interest or principal payments on the company’s indebtedness and, in the case of EBITDA and Adjusted EBITDA, these measures are further limited in that they do not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the company’s business, or the changes associated with impairments. Management evaluates such items through other financial measures such as financial expenses, capital expenditures and cash flow provided by operating activities. The company believes that these measurements are useful to measure a company’s ability to grow or as a valuation measurement. The company’s calculation of EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA should not be considered as alternatives to net profit or any other performance measure derived in accordance with IFRS. The company’s presentation of EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA should not be construed to imply that its future results will be unaffected by unusual or non-recurring items.

Exchange Rate

This document contains translations of certain euro amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from euros to U.S. dollars in this document were made at a rate of EUR 1.00 to USD 1.1355, the reference rate of the European Central Bank on September 30, 2026.

Conference Call and Webcast

Materialise will hold a conference call and simultaneous webcast to discuss its third quarter financial results of 2026 on Wednesday, October 28, 2026, at 8:30 a.m. ET/1:30 p.m. CET. Company participants on the call will include Brigitte de Vet-Veithen, Chief Executive Officer and Koen Berges, Chief Financial Officer. A question-and-answer session will follow management’s remarks.

To access the call by phone, please click the link below at least 15 minutes prior to the scheduled start time and you will be provided with dial-in details. Participants can choose to dial in or receive a call to connect to Materialise’s conference call.

The conference call will also be broadcast live over the Internet with an accompanying slide presentation, which can be accessed on the company’s website at https://investors.materialise.com/. The webcast of the conference call will be archived on the company's website for one year.

About Materialise

Materialise NV incorporates more than three decades of 3D printing experience into a range of software solutions and 3D printing services that empower sustainable 3D printing applications. Our open, secure, and innovative end-to-end solutions enable flexible industrial manufacturing and mass personalization in various industries — including healthcare, automotive, aerospace, art and design, wearables, and consumer goods. Headquartered in Belgium and with branches worldwide, Materialise NV combines the largest group of software developers in the industry with one of the world's largest and most complete 3D printing facilities. For additional information, please visit: www.materialise.com.

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations, plans, objectives, strategies and prospects, both financial and business, including statements concerning, among other things, our estimates for the current fiscal year’s revenue and Adjusted EBIT, our results of operations, cash needs, capital expenditures, expenses, financial condition, liquidity, prospects, divestitures, growth and strategies (including how our business, results of operations and financial condition could be impacted by the current armed geopolitical conflicts around the world and governmental responses thereto, inflation, increased labor, energy and materials costs), policy changes resulting from the U.S. presidential administration, changes in tariffs and trade restrictions, and the trends and competition that may affect the markets, industry or us. Such statements are subject to known and unknown uncertainties and risks. When used in this press release, the words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” “will,” “may,” “could,” “might,” “aim,” “should,” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the expectations of management under current assumptions at the time of this press release. These expectations, beliefs and projections are expressed in good faith and the company believes there is a reasonable basis for them. However, the company cannot offer any assurance that our expectations, beliefs and projections will actually be achieved. By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics and industry change, and depend on economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated. We caution you that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All of the forward-looking statements are subject to risks and uncertainties that may cause the company's actual results to differ materially from our expectations, including risk factors described in the company's most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission. There are a number of risks and uncertainties that could cause the company's actual results to differ materially from the forward-looking statements contained in this press release.

The company is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise, unless it has obligations under the federal securities laws to update and disclose material developments related to previously disclosed information.

Consolidated income statements (Unaudited)

 
for the three months ended
September 30,		 for the nine months
ended September 30,
In '000

2026

2026

2025

2026

2025

U.S.$ € € € €
Revenue

76,840

 

67,670

 

66,259

 

204,020

 

197,469

 

Cost of Sales

(32,515

)

(28,635

)

(28,608

)

(87,314

)

(85,298

)

Gross Profit

44,324

 

39,035

 

37,651

 

116,705

 

112,171

 

Gross profit as % of revenue

57.7

%

57.7

%

56.8

%

57.2

%

56.8

%

 
Research and development expenses

(14,540

)

(12,805

)

(11,439

)

(37,008

)

(33,973

)

Sales and marketing expenses

(17,670

)

(15,561

)

(14,847

)

(46,206

)

(45,386

)

General and administrative expenses

(11,882

)

(10,464

)

(9,733

)

(30,087

)

(29,506

)

Net other operating income/(expense)

1,292

 

1,137

 

890

 

2,813

 

2,519

 

Operating profit (loss)

1,524

 

1,343

 

2,522

 

6,218

 

5,825

 

 
Financial expenses

(1,281

)

(1,128

)

(582

)

(2,699

)

(7,393

)

Financial income

1,463

 

1,289

 

460

 

3,494

 

3,345

 

Profit (loss) before taxes

1,706

 

1,503

 

2,401

 

7,012

 

1,777

 

 
Income tax benefit/(expense)

(136

)

(120

)

(553

)

(478

)

(266

)

Net profit (loss) for the period

1,570

 

1,383

 

1,848

 

6,535

 

1,510

 

Net profit (loss) attributable to:
The owners of the parent

1,562

 

1,376

 

1,848

 

6,527

 

1,512

 

Non-controlling interest

8

 

7

 

-

 

7

 

(2

)

 
Earnings per share attributable to owners of the parent
Basic

0.03

 

0.02

 

0.03

 

0.11

 

0.03

 

Diluted

0.03

 

0.02

 

0.03

 

0.11

 

0.03

 

 
Weighted average basic shares outstanding

57,839

 

57,839

 

59,067

 

58,334

 

59,067

 

Weighted average diluted shares outstanding

58,061

 

58,061

 

59,067

 

58,397

 

59,071

 

Consolidated statements of comprehensive income (Unaudited)

 
for the three months ended
September 30,		 for the nine months
ended September 30,
In 000€

2026

2026

2025

 

2026

2025

U.S.$ € € € €
Net profit (loss) for the period

1,570

1,383

1,848

 

6,535

1,510

Other comprehensive income/(loss)
Items that are or may be reclassified subsequently to profit or loss
Exchange difference on translation of foreign operations

16

14

38

 

270

1,167

Exchange differences resulting from net investment in foreign operations

69

61

-

 

598

-

Other comprehensive income/(loss), net of taxes

85

75

38

 

868

1,167

Total comprehensive income/(loss), net of taxes

1,656

1,458

1,885

 

7,403

2,677

Total comprehensive income/(loss) attributable to:
The owners of the parent

1,649

1,452

1,886

 

7,401

2,670

Non-controlling interests

7

6

(0

)

1

7

Consolidated statement of financial position (Unaudited)

 
As of
September 30,		 As of
December 31,
In 000€

2026

2025

Assets
Non-current assets
Goodwill

43,230

43,161

Intangible assets

22,217

25,639

Property, plant & equipment

110,301

112,854

Right-of-Use assets

5,688

5,429

Deferred tax assets

4,122

3,971

Investments in convertible loans

410

-

Investments in non-listed equity instruments

8

-

Other non-current assets

10,623

5,983

Total non-current assets

196,599

197,038

Current assets
Inventories

17,418

14,904

Trade receivables

48,783

54,938

Other current assets

13,247

15,533

Cash and cash equivalents

153,529

133,918

Assets held for sale

-

4,314

Total current assets

232,977

223,607

Total assets

429,576

420,646

As of
September 30,		 As of
December 31,
In 000€

2026

2025

Equity and liabilities
Equity
Share capital

4,487

 

4,487

 

Share premium

203,895

 

203,895

 

Treasury shares

(7,507

)

-

 

Retained earnings and other reserves

55,013

 

47,180

 

Equity attributable to the owners of the parent

255,888

 

255,562

 

Non-controlling interest

(79

)

(80

)

Total equity

255,809

 

255,482

 

Non-current liabilities
Loans & borrowings

59,215

 

49,726

 

Lease liabilities

3,293

 

3,063

 

Deferred tax liabilities

2,343

 

2,660

 

Deferred income

15,800

 

17,344

 

Other non-current liabilities

483

 

486

 

Total non-current liabilities

81,134

 

73,280

 

Current liabilities
Loans & borrowings

5,947

 

7,759

 

Lease liabilities

2,601

 

2,565

 

Trade payables

20,927

 

20,125

 

Tax payables

464

 

748

 

Deferred income

43,359

 

43,523

 

Other current liabilities

19,334

 

16,362

 

Liabilities held for sale

-

 

802

 

Total current liabilities

92,633

 

91,884

 

Total equity and liabilities

429,576

 

420,646

 

Consolidated statement of cash flows (Unaudited)

 
for the nine months ended
September 30,
In 000€

2026

2025

Operating activities
Net (loss) profit for the period

6,535

 

1,510

 

Non-cash and operational adjustments
Depreciation of property plant & equipment

12,475

 

11,317

 

Amortization of intangible assets

4,920

 

4,834

 

Share-based payment expense

475

 

191

 

Loss (gain) on disposal of intangible assets and property, plant & equipment

(350

)

(24

)

Government grants

(354

)

(209

)

Movement in provisions

466

 

(273

)

Movement reserve for bad debt and slow moving inventory

451

 

194

 

Financial income

(3,493

)

(3,339

)

Financial expense

2,705

 

7,385

 

Impact of foreign currencies

(65

)

(137

)

(Deferred) income taxes

483

 

260

 

Working capital adjustments and income tax (paid)/received
Decrease (increase) in trade receivables and other receivables

4,044

 

6,197

 

Decrease (increase) in inventories and contracts in progress

(3,059

)

(1,604

)

Increase in trade payables and other payables

(1,888

)

(6,875

)

Income tax (paid)/received

(786

)

(1,358

)

Interest received

2,170

 

1,977

 

Net cash flow from operating activities

24,727

 

20,045

 

for the nine months ended
September 30,
In 000€

2026

2025

Investing activities
Purchase of property, plant & equipment

(4,352

)

(10,372

)

Purchase of intangible assets

(1,238

)

(1,477

)

Proceeds from the sale of property, plant & equipment & intangible assets

358

 

231

 

Cash transferred out upon divestment

(488

)

-

 

Investments in associates and joint ventures

(8

)

-

 

(Convertible) loan to third party

(459

)

-

 

Capital government grants received

4,249

 

2,678

 

Net cash flow used in investing activities

(1,938

)

(8,940

)

Financing activities
Proceeds from loans & borrowings

15,000

 

35,000

 

Repayment of loans & borrowings

(7,314

)

(10,461

)

Repayment of leases

(2,668

)

(2,257

)

Interest paid

(1,568

)

(1,209

)

Other financial income (expense), net

(37

)

(1,515

)

Repurchase of treasury shares

(7,276

)

-

 

Net cash flow from (used in) financing activities

(3,862

)

19,558

 

Net increase/(decrease) of cash & cash equivalents

18,926

 

30,663

 

Cash & Cash equivalents at the beginning of the year

133,918

 

102,304

 

Exchange rate differences on cash & cash equivalents

684

 

(915

)

Cash & cash equivalents at end of the period

153,529

 

132,052

 

Reconciliation of Net Profit (Loss) to EBITDA and Adjusted EBITDA (Unaudited)

 
for the three months ended
September 30,		 for the nine months ended
September 30,
In 000€

2026

2025

2026

2025

Net profit (loss) for the period

1,383

 

1,848

 

6,535

 

1,510

 

Income taxes

120

 

553

 

478

 

266

 

Financial expenses

1,128

 

582

 

2,699

 

7,393

 

Financial income

(1,289

)

(460

)

(3,494

)

(3,345

)

Depreciation and amortization

5,561

 

5,509

 

16,852

 

16,240

 

EBITDA

6,904

 

8,031

 

23,070

 

22,065

 

Share-based compensation expense (1)

360

 

74

 

475

 

191

 

Restructuring and corporate initiatives (2)

577

 

322

 

1,012

 

605

 

Impairments (3)

184

 

-

 

940

 

-

 

Divestitures-related expenses (4)

22

 

-

 

191

 

-

 

Adjusted EBITDA

8,046

 

8,428

 

25,688

 

22,862

 

(1)

Share-based compensation expense represents the cost of equity-settled and share-based payments to employees.

(2)

Non-recurring costs related to corporate initiatives, restructurings or reorganizations.

(3)

Impairments represent the impairment of tangible and intangible assets and inventory of RapidFit NV and Eyewear resulting from the transfer of the assets to their respective management teams.

(4)

Divestitures-related expenses represent fees and costs in connection with the divestitures of RapidFit and Eyewear.

Reconciliation of Net Profit (Loss) to EBIT and Adjusted EBIT (Unaudited)

 
for the three months ended
September 30,		 for the nine months ended
September 30,
In 000€

2026

2025

2026

2025

Net profit (loss) for the period

1,383

 

1,848

 

6,535

 

1,510

 

Income taxes

120

 

553

 

478

 

266

 

Financial expenses

1,128

 

582

 

2,699

 

7,393

 

Financial income

(1,289

)

(460

)

(3,494

)

(3,345

)

EBIT

1,343

 

2,522

 

6,218

 

5,825

 

Share-based compensation expense (1)

360

 

74

 

475

 

191

 

Restructuring and corporate initiatives (2)

577

 

322

 

1,012

 

605

 

Impairments (3)

184

 

-

 

940

 

-

 

Divestitures-related expenses (4)

22

 

-

 

191

 

-

 

Adjusted EBIT

2,485

 

2,918

 

8,836

 

6,621

 

(1)

Share-based compensation expense represents the cost of equity-settled and share-based payments to employees.

(2)

Non-recurring costs related to corporate initiatives, restructurings or reorganizations.

(3)

Impairments represent the impairment of tangible and intangible assets and inventory of RapidFit NV and Eyewear resulting from the transfer of the assets to their respective management teams.

(4)

Divestitures-related expenses represent fees and costs in connection with the divestitures of RapidFit and Eyewear.

Segment P&L (Unaudited)

 
In 000€ Materialise
Medical		 Materialise
Software		 Materialise
Manufacturing		 Total
segments		 Unallocated (1) Consolidated
For the three months ended September 30, 2026
Revenues

36,542

 

9,864

 

21,266

 

67,672

 

(2

)

67,670

 

Segment (adj) EBITDA

10,015

 

1,463

 

(257

)

11,220

 

(3,174

)

8,046

 

Segment (adj) EBITDA %

27.4

%

14.8

%

-1.2

%

16.6

%

11.9

%

For the three months ended September 30, 2025
Revenues

33,296

 

10,286

 

22,677

 

66,259

 

0

 

66,259

 

Segment (adj) EBITDA

10,199

 

1,801

 

(845

)

11,155

 

(2,728

)

8,428

 

Segment (adj) EBITDA %

30.6

%

17.5

%

-3.7

%

16.8

%

12.7

%

 
In 000€ Materialise
Medical		 Materialise
Software		 Materialise
Manufacturing		 Total
segments		 Unallocated
(1)		 Consolidated
For the nine months ended September 30, 2026
Revenues

106,581

 

29,106

 

68,333

 

204,020

 

0

 

204,020

 

Segment (adj) EBITDA

30,802

 

3,566

 

(262

)

34,106

 

(8,419

)

25,688

 

Segment (adj) EBITDA %

28.9

%

12.3

%

-0.4

%

16.7

%

12.6

%

For the nine months ended September 30, 2025
Revenues

97,224

 

29,933

 

70,313

 

197,469

 

0

 

197,469

 

Segment (adj) EBITDA

29,974

 

3,772

 

(2,031

)

31,716

 

(8,854

)

22,862

 

Segment (adj) EBITDA %

30.8

%

12.6

%

-2.9

%

16.1

%

11.6

%

(1) 

 

Unallocated segment adjusted EBITDA consists of corporate research and development and corporate other operating income (expense), and the added share-based compensation expenses, acquisition expenses related to business combinations or divestiture-related expenses, impairments and revaluation of fair value of business combinations and non-recurring costs related to corporate initiatives, restructurings and reorganizations that are included in Adjusted EBITDA and that are not allocated to the reporting segments.

Reconciliation of Net Profit (Loss) to Segment adjusted EBITDA (Unaudited)

 
for the three months ended
September 30,		 for the nine months ended
September 30,
In 000€

2026

2025

2026

2025

Net profit (loss) for the period

1,383

 

1,848

 

6,535

 

1,510

 

Income taxes

120

 

553

 

478

 

266

 

Financial expenses

1,128

 

582

 

2,699

 

7,393

 

Financial income

(1,289

)

(460

)

(3,494

)

(3,345

)

Operating (loss) profit

1,343

 

2,522

 

6,218

 

5,825

 

Depreciation and amortization

5,561

 

5,509

 

16,852

 

16,240

 

Corporate research and development

1,127

 

826

 

2,941

 

2,926

 

Corporate headquarter costs

3,753

 

2,761

 

9,969

 

8,512

 

Other operating income (expense)

(966

)

(685

)

(3,091

)

(2,187

)

Impairments (1)

184

 

-

 

940

 

-

 

Segment restructuring and reorganization (2)

219

 

222

 

278

 

400

 

Segment adjusted EBITDA

11,220

 

11,155

 

34,106

 

31,716

 

(1)

Impairments represent the impairment of tangible and intangible assets and inventory of RapidFit NV and Eyewear resulting from the transfer of the assets to their respective management teams.

(2)

Costs related to restructuring activities and organizational changes within specific reported business segments, including personnel‑related and other associated expenses.

 

Investor Relations Contact
Jody Burfening
Alliance Advisors Investor Relations
212.838.3777
[email protected]

Source: Materialise NV


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