UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER 

PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-36515

 

 

Materialise NV

 

 

Technologielaan 15 

3001 Leuven 

Belgium 

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x           Form 40-F ¨

 

This Form 6-K is incorporated by reference into the registrant’s Registration Statement on Form F-3 (File No. 333-213649).

 

 

 

 

 

 

Second Quarter and Half-Year 2026 Financial Results

 

Except as otherwise required by the context, references to “Materialise,” “Company,” “we,” “us,” and “our” are to

Materialise NV and its subsidiaries.

 

Second Quarter 2026 Financial Results

 

Total revenue for the second quarter of 2026 increased by 8.1% to 70,073 kEUR from 64,831 kEUR for the second quarter of 2025.

 

Revenue from our Materialise Medical segment increased 12.2% to 36,873 kEUR for the second quarter of 2026 compared to 32,850 kEUR for the same period in 2025.

 

Revenue from our Materialise Software segment decreased 2.7% to 9,601 kEUR for the second quarter of 2026 from 9,872 kEUR for the same quarter last year.

 

Revenue from our Materialise Manufacturing segment increased 6.7% to 23,597 kEUR for the second quarter of 2026 from 22,109 kEUR for the second quarter of 2025.

 

Gross profit increased 5.3% to 39,776 kEUR for the second quarter of 2026 compared to 37,778 kEUR for the same period last year, while gross profit as a percentage of revenue ended at 56.8% compared to 58.3% for the second 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 3.9% to 37,758 kEUR for the second quarter of 2026 from 36,334 kEUR for the second quarter of 2025.

 

Net other operating income was 766 kEUR compared to 1,286 kEUR for the second quarter of 2025. Net operating income in the second quarter of 2026 includes non-recurring charges of 689 kEUR from the impairment of tangible and intangible assets related to the previously reported transfer of its eyewear business.

 

Operating result remained fairly stable at 2,785 kEUR compared to 2,730 kEUR for the second quarter of 2025, while net financial result was 242 kEUR, compared to (3,052) kEUR for the second quarter of 2025 (the latter being significantly impacted by unfavorable foreign exchange results).

 

The second quarter of 2026 contained net tax benefits of 304 kEUR, compared to net tax benefits of 521 kEUR in the second quarter of 2025.

 

As a result of the above, net profit for the second quarter of 2026 increased sharply to 3,331 kEUR, compared to 199 kEUR for the same period in 2025.

 

Cash flow from operating activities for the second quarter of 2026 amounted to 8,146 kEUR compared to (27) kEUR for the same period in 2025. Total cash used for capital expenditures for the second quarter of 2026 amounted to 1,975 kEUR and free cash flow after operating and investing activities was 5,625 kEUR.

 

Adjusted EBIT increased by 26.9% to 3,880 kEUR for the second quarter of 2026 compared to 3,058 kEUR for the 2025 period. The Adjusted EBIT margin (Adjusted EBIT divided by total revenue) for the second quarter of 2026 was 5.5%, compared to 4.7% for the second quarter of 2025.

 

Adjusted EBITDA for the second quarter of 2026 increased by 15.7% to 9,593 kEUR compared to 8,288 kEUR for the 2025 period.

 

 

 

 

Adjusted EBITDA from our Materialise Medical segment increased 7.7% to 11,553 kEUR for the second quarter of 2026 compared to 10,728 kEUR, while the Adjusted EBITDA margin for the segment (segment Adjusted EBITDA divided by segment revenue) was 31.3% compared to 32.7% for the second quarter of 2025.

 

Adjusted EBITDA from our Materialise Software segment decreased to 981 kEUR from 1,373 kEUR, while the Adjusted EBITDA margin for the segment was 10.2% compared to 13.9% for the prior-year period.

 

Adjusted EBITDA from our Materialise Manufacturing segment improved to (285) kEUR compared to (807) kEUR for the same period in 2025, while the Adjusted EBITDA margin for the segment was (1.2)% compared to (3.6)% for the second quarter of 2025.

 

Half-Year 2026 Financial Results

 

Total revenue for the first half of 2026 increased by 3.9% to 136,349 kEUR, compared to 131,210 kEUR for the same period in 2025.

 

Revenue from our Materialise Medical segment increased by 9.6% to 70,039 kEUR for the first half of 2026, compared to 63,928 kEUR for the same period in 2025.

 

Revenue from our Materialise Software segment decreased 2.1% to 19,242 kEUR for the first half of 2026 compared to 19,647 kEUR for the same period in 2025.

 

Revenue from our Materialise Manufacturing segment decreased 1.2% to 47,067 kEUR for the first half of 2026 from 47,635 kEUR for the first half of 2025.

 

Consolidated gross profit increased 4.3% to 77,670 kEUR from 74,502 kEUR in last year’s first half. Gross profit as a percentage of revenue increased to 57.0%, compared to 56.8% in the first half of 2025.

 

Research and development (“R&D”) expenses increased by 7.4% to 24,203 kEUR in the first half of 2026 reflecting higher investments in our Materialise Medical and Materialise Software segments. Other operational expenses, including sales and marketing ("S&M") and general and administrative ("G&A") expenses, remained stable in aggregate at 50,268 kEUR for the first half of 2026, compared to 50,311 kEUR for the first half of 2025.

 

Net other operating income was 1,676 kEUR compared to 1,646 kEUR for the first half of 2025.

 

Operating result increased to 4,875 kEUR for the first half of 2026 compared to 3,303 kEUR in the same period of the prior year.

 

Net financial result amounted to 634 kEUR compared to (3,927) kEUR for the first half of 2025.

 

Income taxes amounted to (358) kEUR compared to 287 kEUR for the first half of 2025.

 

As a result, net profit amounted to 5,152 kEUR for the first half of 2026 compared to a net loss of (337) kEUR in the first half of 2025.

 

Cash flow from operating activities for the first half of 2026 increased to 15,060 kEUR compared to 9,686 kEUR for the first half of 2025. Total capital expenditures for the first half of 2026 amounted to 3,445 kEUR compared to 6,561 kEUR for the first half of 2025. Free cash flow, after operating and investing activities, for the first half of 2026 amounted to 11,368 kEUR.

 

At June 30, 2026, we held cash and cash equivalents of 133,735 kEUR compared to 133,918 kEUR at December 31, 2025. Gross debt decreased to 59,521 kEUR, compared to 63,113 kEUR at December 31, 2025. As a result, our net cash position increased by 3,409 kEUR to 74,214 kEUR compared to 70,805 kEUR as of December 31, 2025. At the end of the second quarter of 2026, Materialise had bought back 1,070,797 own shares for a total amount (excluding transaction costs) of 5,212 kEUR (6,091 kUSD) under its previously announced share buy-back program.

 

 

 

 

Net shareholders' equity at June 30, 2026 increased to 256,268 kEUR compared to 255,482 kEUR at December 31, 2025.

 

Adjusted EBIT for the first half of 2026 increased by 71.4% to 6,351 kEUR, up from 3,703 kEUR for the corresponding period in 2025. The Adjusted EBIT margin for the first half of 2026 increased to 4.7%, compared to 2.8% for the same period in 2025. Adjusted EBITDA for the first half of 2026 increased by 22.2% to 17,642 kEUR, compared to 14,434 kEUR for the same period in 2025.

 

Adjusted EBITDA from our Materialise Medical segment increased by 5.1% to 20,787 kEUR from 19,775 kEUR. Adjusted EBITDA margin for the segment ended at 29.7% in the first half of 2026 compared to 30.9% for the first half of 2025.

 

Adjusted EBITDA from our Materialise Software segment increased by 6.7% to 2,103 kEUR from 1,971 kEUR. Adjusted EBITDA margin for the segment improved to 10.9% in the first half of 2026, compared to 10.0% in the first half of 2025.

 

Adjusted EBITDA from our Materialise Manufacturing segment improved to (4) kEUR compared to (1,185) kEUR. The Adjusted EBITDA margin for the segment was (0.0)% in the first half of 2026, compared to (2.5)% in the first half of 2025.

 

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 1.1394, the reference rate of the European Central Bank on June 30, 2026.

 

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.

 

 

 

 

Consolidated income statements (Unaudited)

 

   for the three months ended
June 30,
   for the six months ended
June 30,
 
In '000  2026   2026   2025   2026   2025 
   U.S.$             
Revenue   79,841    70,073    64,831    136,349    131,210 
Cost of Sales   (34,520)   (30,297)   (27,053)   (58,679)   (56,708)
Gross Profit   45,321    39,776    37,778    77,670    74,502 
Gross profit as % of revenue   56.8%   56.8%   58.3%   57.0%   56.8%
                          
Research and development expenses   (14,029)   (12,312)   (11,120)   (24,203)   (22,534)
Sales and marketing expenses   (17,329)   (15,209)   (15,471)   (30,644)   (30,542)
General and administrative expenses   (11,663)   (10,236)   (9,744)   (19,623)   (19,769)
Net other operating income/(expense)   873    766    1,286    1,676    1,646 
Operating profit (loss)   3,173    2,785    2,730    4,875    3,303 
                          
Financial expenses   (993)   (871)   (4,039)   (1,571)   (6,811)
Financial income   1,268    1,113    987    2,205    2,884 
Profit (loss) before taxes   3,448    3,027    (322)   5,510    (624)
                          
Income tax benefit/(expense)   347    304    521    (358)   287 
Net profit (loss) for the period   3,795    3,331    199    5,152    (337)
Net profit (loss) attributable to:                         
The owners of the parent   3,795    3,331    199    5,152    (336)
Non-controlling interest   -    0    -    0    (2)
                          
Earning per share attributable to owners of the parent                         
Basic   0.07    0.06    0.00    0.09    (0.01)
Diluted   0.07    0.06    0.00    0.09    (0.01)
                          
Weighted average basic shares outstanding   58,310    58,310    59,067    58,586    59,067 
Weighted average diluted shares outstanding   58,329    58,329    59,067    58,592    59,067 

 

 

 

 

Consolidated statements of comprehensive income (Unaudited)

 

   for the three months ended
June 30,
   for the six months ended
June 30,
 
In 000€  2026   2026   2025   2026   2025 
   U.S.$             
Net profit (loss) for the period   3,795    3,331    199    5,152    (337)
Other comprehensive income/(loss)                         
Items that are or may be reclassified subsequently to profit or loss                         
Exchange difference on translation of foreign operations   91    80    624    257    1,129 
Exchange differences resulting from net investment in foreign operations   182    160    -    537    - 
Other comprehensive income/(loss), net of taxes   273    240    624    794    1,129 
Total comprehensive income/(loss), net of taxes   4,069    3,571    823    5,946    792 
Total comprehensive income/(loss) attributable to:                         
The owners of the parent   4,071    3,573    817    5,951    785 
Non-controlling interests   (2)   (2)   6    (5)   7 

 

 

 

 

Consolidated statement of financial position (Unaudited)

 

   As of
June 30,
   As of
December 31,
 
In 000€  2026   2025 
Assets          
Non-current assets          
Goodwill   43,205    43,161 
Intangible assets   23,281    25,639 
Property, plant & equipment   109,776    112,854 
Right-of-Use assets   5,873    5,429 
Deferred tax assets   4,158    3,971 
Investments in convertible loans   404    - 
Investments in non-listed equity instruments   8    - 
Other non-current assets   9,739    5,983 
Total non-current assets   196,443    197,038 
Current assets          
Inventories   16,846    14,904 
Trade receivables   56,173    54,938 
Other current assets   14,468    15,533 
Cash and cash equivalents   133,735    133,918 
Assets held for sale   0    4,314 
Total current assets   221,221    223,607 
Total assets   417,665    420,646 

 

 

 

 

   As of
June 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   (5,230)   - 
Retained earnings and other reserves   53,202    47,180 
Equity attributable to the owners of the parent   256,354    255,562 
Non-controlling interest   (86)   (80)
Total equity   256,268    255,482 
Non-current liabilities          
Loans & borrowings   46,745    49,726 
Lease liabilities   3,526    3,063 
Deferred tax liabilities   2,467    2,660 
Deferred income   16,286    17,344 
Other non-current liabilities   417    486 
Total non-current liabilities   69,441    73,280 
Current liabilities          
Loans & borrowings   6,775    7,759 
Lease liabilities   2,475    2,565 
Trade payables   19,382    20,125 
Tax payables   934    748 
Deferred income   46,267    43,523 
Other current liabilities   16,122    16,362 
Liabilities held for sale   0    802 
Total current liabilities   91,955    91,884 
Total equity and liabilities   417,665    420,646 

 

 

 

 

Consolidated statement of cash flows (Unaudited)

 

   for the six months ended
June 30,
 
In 000€  2026   2025 
Operating activities          
Net (loss) profit for the period   5,152    (337)
Non-cash and operational adjustments          
Depreciation of property plant & equipment   8,097    7,448 
Amortization of intangible assets   3,965    3,210 
Share-based payment expense   115    117 
Loss (gain) on disposal of intangible assets and property, plant & equipment   (331)   (21)
Government grants   (239)   (101)
Movement in provisions   (49)   (366)
Movement reserve for bad debt and slow moving inventory   449    271 
Financial income   (2,225)   (2,876)
Financial expense   1,598    6,770 
Impact of foreign currencies   (59)   (70)
Income taxes and deferred taxes   359    (295)
Working capital adjustments and income tax (paid)/received          
Decrease (increase) in trade receivables and other receivables   (210)   2,093 
Decrease (increase) in inventories and contracts in progress   (2,246)   (500)
Increase in trade payables and other payables   (807)   (6,278)
Income tax (paid)/received   184    (679)
Interest received   1,308    1,300 
Net cash flow from operating activities   15,060    9,686 

 

 

 

 

   for the six months ended
June 30,
 
In 000€  2026   2025 
Investing activities          
Purchase of property, plant & equipment   (2,792)   (5,617)
Purchase of intangible assets   (654)   (944)
Proceeds from the sale of property, plant & equipment & intangible assets   409    233 
Cash transferred out upon divestment   (488)   - 
Investments in associates and joint ventures   (8)   - 
Convertible loan to third party   (400)   - 
Capital government grants received   240    2,640 
Net cash flow used in investing activities   (3,692)   (3,688)
Financing activities          
Proceeds from loans & borrowings   -    20,000 
Repayment of loans & borrowings   (3,951)   (6,860)
Repayment of leases   (1,917)   (1,544)
Interest paid   (978)   (621)
Other financial income (expense), net   18    (1,300)
Repurchase of treasury shares   (5,230)   - 
Net cash flow from (used in) financing activities   (12,058)   9,676 
Net increase/(decrease) of cash & cash equivalents   (690)   15,673 
Cash & Cash equivalents at the beginning of the year   133,918    102,304 
Exchange rate differences on cash & cash equivalents   507    (913)
Cash & cash equivalents at end of the period   133,735    117,064 

 

 

 

 

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

 

   for the three months ended
June 30,
   for the six months ended
June 30,
 
In 000€  2026   2025   2026   2025 
Net profit (loss) for the period   3,331    199    5,152    (337)
Income taxes   (304)   (521)   358    (287)
Financial expenses   871    4,039    1,571    6,811 
Financial income   (1,113)   (987)   (2,205)   (2,884)
Depreciation and amortization   5,712    5,230    11,291    10,731 
EBITDA   8,497    7,960    16,167    14,034 
Share-based compensation expense (1)   59    45    115    117 
Restructuring and corporate initiatives (2)   178    283    435    283 
Impairments (3)   689    -    756    - 
Divestitures-related expenses (4)   169    -    169    - 
Adjusted EBITDA   9,593    8,288    17,642    14,434 

 

(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 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
June 30,
   for the six months ended
June 30,
 
In 000€  2026   2025   2026   2025 
Net profit (loss) for the period   3,331    199    5,152    (337)
Income taxes   (304)   (521)   358    (287)
Financial expenses   871    4,039    1,571    6,811 
Financial income   (1,113)   (987)   (2,205)   (2,884)
EBIT   2,785    2,730    4,876    3,303 
Share-based compensation expense (1)   59    45    115    117 
Restructuring and corporate initiatives (2)   178    283    435    283 
Impairments (3)   689    -    756    - 
Divestitures-related expenses (4)   169    -    169    - 
Adjusted EBIT   3,880    3,058    6,351    3,703 

 

(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 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 June 30, 2026                              
Revenues   36,873    9,601    23,597    70,071    2    70,073 
Segment (adj) EBITDA   11,553    981    (285)   12,248    (2,656)   9,593 
Segment (adj) EBITDA %   31.3%   10.2%   -1.2%   17.5%        13.7%
For the three months ended June 30, 2025                              
Revenues   32,850    9,872    22,109    64,831    (0)   64,831 
Segment (adj) EBITDA   10,728    1,373    (807)   11,294    (3,005)   8,288 
Segment (adj) EBITDA %   32.7%   13.9%   -3.6%   17.4%        12.8%

 

In 000€  Materialise
Medical
   Materialise
Software
   Materialise
Manufacturing
   Total
segments
   Unallocated
(1)
   Consolidated 
For the six months ended June 30, 2026                              
Revenues   70,039    19,242    47,067    136,347    2    136,349 
Segment (adj) EBITDA   20,787    2,103    (4)   22,886    (5,245)   17,642 
Segment (adj) EBITDA %   29.7%   10.9%   0.0%   16.8%        12.9%
For the six months ended June 30, 2025                              
Revenues   63,928    19,647    47,635    131,210    (0)   131,210 
Segment (adj) EBITDA   19,775    1,971    (1,185)   20,561    (6,127)   14,434 
Segment (adj) EBITDA %   30.9%   10.0%   -2.5%   15.7%        11.0%

 

(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
June 30,
   for the six months ended
June 30,
 
In 000€  2026   2025   2026   2025 
Net profit (loss) for the period   3,331    199    5,152    (337)
Income taxes   (304)   (521)   358    (287)
Financial expenses   871    4,039    1,571    6,811 
Financial income   (1,113)   (987)   (2,205)   (2,884)
Operating (loss) profit   2,785    2,730    4,876    3,303 
Depreciation and amortization   5,712    5,230    11,291    10,731 
Corporate research and development   935    1,070    1,813    2,100 
Corporate headquarter costs   3,219    2,895    6,215    5,747 
Other operating income (expense)   (1,151)   (810)   (2,125)   (1,498)
Impairments (1)   689    -    756    - 
Segment restructuring and reorganization (2)   59    178    59    178 
Segment adjusted EBITDA   12,248    11,294    22,886    20,561 

 

(1) Impairments represent the impairment of tangible and intangible assets 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.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

MATERIALISE NV  
     
By: /s/ Brigitte de Vet-Veithen  
Name: Brigitte de Vet-Veithen  
     
  De Vet Management BV  
Title: Chief Executive Officer  

 

Date: August 27, 2026