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