Business
The Agfa-Gevaert Group in Q2 2025: strong HealthCare IT performance, stable Digital Print & Chemicals performance – further decline in medical film
Regulated information August 27, 2025 - 7:45 a.m. CET The Agfa-Gevaert Group in Q2 2025: strong HealthCare IT performance, stable Digital Print & Chemicals performance – further decline in medical film Group performance: Strong HealthCare IT performance and stable Digital Print & Chemicals performance not sufficiently offsetting the continued fast decline in medical filmAdjusted EBITDA decreased to 13 million euro - effects of measures to tackle the decline in medical film will start to kick in
About this update from Agfa-gevaert Nv
Regulated information August 27, 2025 - 7:45 a.m. CET The Agfa-Gevaert Group in Q2 2025: strong HealthCare IT performance, stable Digital Print & Chemicals performance – further decline in medical film Mortsel (Belgium), August 27, 2025 – 7:45 a.m. CET – Agfa-Gevaert today commented on its results in the second quarter of 2025. "Our HealthCare IT division delivered a strong performance in the second quarter, driven by the successful execution of our cloud-based strategy. This approach is clearly yielding results, reflected in solid top-line growth and significant improvements in profitability. In contrast, the growth engines of our Digital Print & Chemicals division encountered headwinds due to ongoing economic uncertainty, which led to slower market conditions. Additionally, the continued sharp decline in medical film markets had a notable impact on both our top and bottom line. Furthermore, I’m pleased to report the resolution of a long-standing AgfaPhoto legal chapter. After more than two decades of disputes, a final arbitration award in our favor has had a substantial positive effect on our net result in the second quarter. We also strengthened our financial foundation by securing a new revolving credit facility with a consortium of four financial institutions – an endorsement of the confidence our financial partners place in our company." Pascal Juéry, President and CEO of the Agfa-Gevaert Group. (*) Adjusted EBIT/EBITDA with the deduction of adjustments and restructuring expenses reconciles to ‘Results from operating activities’ (EBIT)/EBITDA Definitions of non-IFRS financial measures (APMs): see page 8 . The consolidated statements are included at the end of this press release. They are an integral part of this document. Agfa-Gevaert Group (*) before adjustments and restructuring expenses (**) Adjusted EBIT/EBITDA with the deduction of adjustments and restructuring expenses reconciles to ‘Results from operating activities’(EBIT)/EBITDA Second quarter Financial position and cash flow Outlook This outlook is based on the current economic environment. 2025 outlook per division: For the full year 2025, a positive net cash flow is expected, primarily driven by expected inflows from discontinued operations and legal settlements. A key contributor is the remaining outstanding receivable of 25 million euro from the sale of the Offset Solutions business to Aurelius. The amount of 25 million euro consists of 6 million euro which is undisputed and 19 million euro which is disputed and pending on the conclusion of the independent expert’s review since September 2024. The timing and the amount of the payment receipt remain uncertain. Additionally, the Group has received 45 million euro in July 2025, following a favorable award in the AgfaPhoto case. For more information see note 2.4 on ‘cash flow and liquidity outlook’ in the half year report. HealthCare IT (*) Adjusted EBIT/EBITDA with the deduction of adjustments and restructuring expenses reconciles to ‘Results from operating activities’(EBIT)/EBITDA Second quarter Digital Print & Chemicals (*) Adjusted EBIT/EBITDA with the deduction of adjustments and restructuring expenses reconciles to ‘Results from operating activities’(EBIT)/EBITDA Second quarter Division performance Digital Printing Solutions Green Hydrogen Solutions Radiology Solutions (*) Adjusted EBIT/EBITDA with the deduction of adjustments and restructuring expenses reconciles to ‘Results from operating activities’(EBIT)/EBITDA Second quarter Contractor Operations and Services – former Offset (*) Adjusted EBIT/EBITDA with the deduction of adjustments and restructuring expenses reconciles to ‘Results from operating activities’(EBIT)/EBITDA Conference call for analysts and investors Pascal Juéry, CEO of the Agfa-Gevaert Group, and Fiona Lam, CFO, will present the Q2 2025 results to analysts and investors at 11:00 a.m. CET on Wednesday, August 27. This presentation can be accessed live upon registration via the agfa.com website and will be available on the website after the event. End of message Definitions of non-IFRS financial measures (APMs) Contact: Viviane Dictus Director Corporate Communication Septestraat 27 2640 Mortsel - Belgium T +32 (0) 3 444 71 24 E [email protected] The full press release and financial information is also available on the company's website: www.agfa.com. Consolidated Statement of Profit or Loss (in million euro) Unaudited, consolidated figures following IFRS accounting policies. Consolidated Statement of Comprehensive Income for the quarter ending June 2024 / June 2025 (in million euro) Unaudited, consolidated figures following IFRS accounting policies. Consolidated Statement of Comprehensive Income for the period ending June 2024 / June 2025 (in million euro) Unaudited, consolidated figures following IFRS accounting policies. Consolidated Statement of Financial Position (in million euro) Unaudited, consolidated figures following IFRS accounting policies. Consolidated Statement of Net Debt (in million euro) Unaudited, consolidated figures following IFRS accounting policies. Consolidated Statement of Cash Flows (in million euro) Unaudited, consolidated figures following IFRS accounting policies. The Group has elected to present a statement of cash flows that includes all cash flows, including both continuing and discontinuing operations. Consolidated Statement of changes in Equity (in million euro) Unaudited, consolidated figures following IFRS accounting policies. Reconciliation of non-IFRS information (in million euro) (Adjusted) Free Cash Flow Reconciliation of non-IFRS information (in million euro) Adjusted EBIT Working capital Reconciliation of non-IFRS information (in million euro) Net Financial Debt including IFRS 16 Net Financial Debt excluding IFRS 16 Evolution net financial debt excluding lease liabilities – linked with cashflow (in million euro) Attachments