Verimatrix Sa · EURONEXT:VMX
Verimatrix Sa — H1 2026 Earnings Presentation
21 slides from Verimatrix Sa's earnings presentation, Jul 24, 2026
Slide 1: Investors presentation: HY 2026 revenue and results
Investors presentation HY 2026 revenue and results July 24, 2026 VERIMATRIX Confidential - This document hereto is intended only for use by the addressee(s) named herein and may contain confidential information
Slide 2: Disclaimer
Disclaimer This document was prepared by Verimatrix and is provided for information No statement in this presentation is intended as a profit forecast or estimate for any purposes only. It is public information only. period. Persons receiving this document may not and should not rely on forward look
Slide 3: Your speakers today
Your speakers today Laurent DECHAUX Jean-François LABADIE CEO CFO Copyright © 2026 Verimatrix. All Rights Reserved. 3
Slide 4: A refocus on Anti-Piracy core business
A refocus on Anti-Piracy core business Closing of the sale of XTD assets ANTI-PIRACY to Guardsquare • Completion of the sale on February 2026, including a portfolio of patents and a team of experts. Protect valuable contents • 1-month contribution in Verimatrix Q1 2026 Protecting content for Streami
Slide 5: Key highlights H1 2026: new contracts
Key highlights H1 2026: new contracts LATAM (Mexico) APAC (India) LATAM (Mexico) EMEA (Germany) Media broadcaster Telecom operator Telecom operator Telecom operator Leading Indian broadcaster selected Major Indian telecom operator The only telecom operator in Mexico One of the leading integrated Str
Slide 6: Key highlights H1 2026: new strategic partnerships
Key highlights H1 2026: new strategic partnerships Agile TV Rakuten TV kt altimedia Agile TV is a leading provider of one of Europe's leading provides a specialized software OTT services and video delivery streaming platforms, platform for multi-screen digital solutions. Offering a competitive offer
Slide 7: Team & Regional Highlights
Team & Regional Highlights OPS LATAM APAC Increase efficiency of First signs Sustained our operations of recovery Excellence Strong execution on subscription From a delayed start to one of our Q1’s best-performing region — still renewals. strongest regions. leading. Acceleration of deliveries of pro
Slide 8: Key highlights H1 2026: Football World Cup
Key highlights H1 2026: Football World Cup A successful “stress test” for Verimatrix ▪ Record high utilization of Verimatrix Anti-Piracy solutions ▪ 100% customer satisfaction rate, which demonstrates the high quality of the infrastructure and applications KEY FIGURES 46000 up 600% Peak of requests
Slide 9: Q2 Revenue
Q2 Revenue COMMENTS – Anti-Piracy • Recurring revenue at $7.4m (stable) and 68% of anti-piracy total revenue (in US$ million) Q2 2026 Q2 2025 Var. • Subscriptions revenue at $4.2m, +14% yoy is the main revenue contributor Recurring revenue 7.4 7,4 0% • Non-recurring revenue: $3.5 million of which su
Slide 10: Q2 & HY 2026 Revenue
Q2 & HY 2026 Revenue COMMENTS – Anti-Piracy • Recurring revenue at $14.5m (-2%) and 68% of anti-piracy total revenue (in US$ million) Q1 2026 Q2 2026 H1 2026 H1 2025 Var. • Subscriptions revenue at $8.0m, +9% yoy is the main revenue contributor Recurring revenue 7.1 7.4 14.5 14.8 -2% • Non-recurring
Slide 11: Annual Recurring Revenue trend from subscriptions
Annual Recurring Revenue trend from subscriptions ARR from SaaS & subscription Anti-Piracy (in $m) COMMENTS $16.1m 16.1 15.5 14.7 15.2 • Anti-Piracy subscriptions ARR 14.5 14.6 14.1 growth: +11% yoy and +4% vs 13.6 12.7 13.0 31/12/2025 11.4 • Good momentum with our 11.1 10.4 Streamkeeper suite and 1
Slide 12: Total Annual Recurring Revenue Anti-Piracy
Total Annual Recurring Revenue Anti-Piracy Total ARR Anti-Piracy (in $m) 29.0 COMMENTS 28.0 28.1 28.0 28.0 27.4 27.4 27.6 27.5 27.5 27.1 27.3 • Total ARR: growth for the third 27.0 26.6 consecutive quarter, after one 26.0 25.4 25.6 year of quarterly decrease. 25.0 25.0 • While the subscriptions 23.9
Slide 13: HY 2026 Adjusted P&L (Anti-piracy – proforma)
HY 2026 Adjusted P&L (Anti-piracy – proforma) (in M$) HY 2026 HY 2025 Chg. COMMENTS Revenue 21,3 23,9 -11,0% • Revenue : $21,3M -11,0% Gross margin 13,8 15,5 -10,8% As a % of revenue 65,0% 64,8% • Gross margin : $13.8M, 65.0% of turnover (+0,2 pts) • Decline of perpetual licenses sales with high Res
Slide 14: Renegotiation of the debt to align with our strategy
Renegotiation of the debt to align with our strategy • Terms and Conditions • Private debt Maturity extended from July 2027 to June 2029 • Interest rate on the Private debt down to 6.0% from 12% • $5m of the XTD proceed used to reduce the capital of the Private debt • New covenants in place • Estima
Slide 15: HY 2026 consolidated Balance Sheet
HY 2026 consolidated BALANCE SHEET ASSETS EQUITY & LIABILITIES (in K$) 30/06/2026 31/12/2025 (in K$) 30/06/2026 31/12/2025 Goodwill 48 158 48 158 Ordinary shares 10 601 10 601 Intangible assets 3 446 4 188 Share premium 93 942 93 942 Property, plant and equipment 2 387 2 968 Retained earnings and ot
Slide 16: Cash flow statement Q2 2026
16 Cash flow statement Q2 2026 Cash Evolution from Dec 25 to June 26 Cash decrease for the period $(-1.9)m Increase Decrease Total • Free cash flow generation +$2.5m • Improvement Working Capital +$1.5m 14.0 • Loan repayment -$5 million • XTD Sale +$5.2 million 12.0 December 1.5 10.0 2025 9.6 1.8 (0
Slide 17: Outlook
OUTLOOK Copyright © 2026 Verimatrix. All Rights Reserved.
Slide 18: 3 strategic priorities
3 strategic priorities Refocus on Innovate Winning core in core through new business adjacencies partnerships Copyright © 2026 Verimatrix. All Rights Reserved.
Slide 19: Our 3-year Ambition 2026-2028
Our 3-year Ambition 2026-2028 Back to Ebitda up and 80% Revenue Growth Positive Cash-Flow Recurring Revenue Becoming an Iconic SaaS Company Best-in-class SaaS Execution Admired by Customers, Employees and Partners Strong Recurring Revenue and Profitability Clear Market Leadership and Brand Authority
Slide 20: 2026 outlook are aligned with our 2028 roadmap
2026 outlook are aligned with our 2028 roadmap Back to Revenue Significant Growth in Growth growth in Ebitda Recurring Revenue Above 3 M$ Copyright © 2026 Verimatrix. All Rights Reserved.
Slide 21: Investor Information
INVESTOR INFORMATION INVESTOR RELATIONS CFO finance@verimatrix.com NEXT EVENTS SEITOSEI.ACTIFIN Jean-Yves BARBARA Jean-yves.barbara@seitosei-actifin.com • Q3 2026 revenue: 26 October 2026 (after market) MEDIA CONTACT Matthew Zintel communication@verimatrix.com Visit: https://investors.verimatrix.com