Strong sales momentum
Confirmed strategy of profitable growth Proposed allocation of free share warrants to all shareholders to support the Company's ambition
Paris, October 7, 2025, 5:45 PM - VAZIVA (ISIN code FR0014007T10 - ALVAZ), a pioneer in the dematerialization of employee benefits, today published its Half-Year Results 2025, marked by 67.1% growth in sales and a clear improvement in all its profitability indicators.
|
In €M Limited review |
30.06.25 |
30.06.241 |
Variation |
|
SALES |
35,5 |
21,3 |
+ 67,1 % |
|
OVERALL GROSS MARGIN |
7,2 |
5,9 |
+ 22,1 % |
|
EBITDA |
2,1 |
1,6 |
+ 36,7 % |
|
OPERATING INCOME |
1,9 |
1,4 |
+ 39,2 % |
|
NET INCOME |
1,8 |
1,3 |
+ 38,1 % |
(1) The June 30, 2024 figures presented in this press release include accounting reclassifications and minor corrections identified after the 2024 closing. These adjustments do not have a material impact on the consolidated financial statements, but explain the differences with last year's published figures.
Sustained business growth
In the1st half of 2025, sales amounted to €35.5 million, compared with €21.3 million in the1st half of 2024, representing a significant increase of 67.1%. This growth is the result of both an enlarged customer portfolio and an increase in the average basket, confirming the growing adoption of VAZIVA's solutions.
Improving profitability
Against a backdrop of strong growth in its business, VAZIVA has succeeded in keeping all its costs under control, generating good growth in all its profitability indicators.
Gross margin, which represents the difference between sales and the cost of services provided, came to €7.2 million, up 22.1%.
Property rental increased by €0.3m due to the lease of new premises.
Press release Paris, October 7, 2025
Personnel expenses came to €1.5m, down 16.8% on thefirst half of 2024. This change is due in particular to a favorable basis of comparison, which included the social security charge linked to the plan to award free shares to employees carried out in 2024.
Overall, EBITDA rose by 36.7% to €2.1 million, reflecting economies of scale and tight control of operating expenses.
After deducting a depreciation charge of €0.2 million, operating income rose by 39.2% to €1.9 million.
Net income, which takes into account a tax charge of €0.1m, came to €1.8m, compared with €1.3m in thefirst half of 2024, representing growth of 38.1%.
Very solid financial structure
At June 30, 2025, shareholders' equity stood at €20.4 million, up 9.3% year-on-year. Financial debt was reduced to 0.7 M€, compared with 1.3 M€ at June 30, 2024.
Cash and cash equivalents at June 30, 2025 stood at €12.4 million, including an effect linked to the receipt of endowments over the1st half of the year.
Favorable outlook
On the strength of these results, VAZIVA looks forward to the2nd half of 2025 with confidence. Since the arrival of Marina Germain as CEO, VAZIVA has accelerated its roadmap, broadening its offering and opening up to new customer segments. The recent reinforcement of the key accounts division should enable us to step up our efforts to win new customers from CSEs and HR departments. At the same time, the gradual roll-out of the lunch solution, currently being tested, will provide a new growth driver from 2026 onwards.
To mark its 10th anniversary, the company presented a new brand DNA and a redesigned website, symbols of its strategic vision and long-term ambition. Finally, to support the expansion of its activities and the increase in its workforce, VAZIVA is preparing to move into new premises designed to sustain its development over the long term.
As part of its new cycle, VAZIVA plans to grant free warrants to all shareholders. Details will be given in a forthcoming press release.
Next publications: Annual sales 2025: Wednesday January 28, 2026
About VAZIVA
Vaziva is the new-generation issuer of employee benefits (vacations, gifts, lunches) on the 1stera multi-dotation Mastercard® managed smart payment card for Works Councils, Human Resources (HR), companies and local authorities. This card can be used on the international Mastercard® network. The Vaziva Mastercard® integrates artificial intelligence [AI] to manage social allocations according to employees' expenses.
Press release Paris, October 7, 2025
CONTACTS
Christophe KOURDOULY
@ christophe.kourdouly@vaziva.com
Dina MORIN
@ dmorin@capvalue.fr