MATERIALISE NV (MTLS) Financial Statements — Income, Balance Sheet, Cash Flow

Overview Financials Chart Business Summary Filings Ownership Valuation

Financial Statements — MTLS

Balance Sheet

(in millions EUR)

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	102.30	127.57	140.87	196.03	111.54	128.90
Inventory	--	17.03	16.08	11.30	10.04	12.70
Total Current Assets	190.51	206.47	216.41	257.80	160.74	191.19
Goodwill	43.39	43.16	44.16	18.73	20.34	20.17
Total Non-current Assets	205.82	190.17	194.85	155.60	166.93	158.11
Total Assets	396.34	396.63	411.26	413.41	327.67	349.29
Total Current Liabilities	102.18	104.95	106.11	91.44	84.45	84.05
Total Non-current Liabilities	45.67	55.09	76.22	89.40	110.12	122.57
Total Liabilities*	147.84	160.04	182.33	180.83	194.56	206.62
Retained Earnings	19.00	5.56	(1.16)	0.97	(7.39)	(0.47)
Total Stockholder Equity	248.49	236.59	228.93	232.58	133.10	142.68

* Derived from reported values

Income Statement

(in millions EUR) (except per-share rows)

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Total Revenue	266.77	256.13	232.02	205.45	170.45	196.68
Cost of Revenue*	115.94	111.00	103.26	87.28	76.45	86.97
Gross Profit	150.83	145.13	128.77	118.17	94.00	109.71
Research & Development	44.40	38.10	37.57	26.89	27.10	23.35
Total Operating Expenses*	141.39	139.51	131.64	105.96	98.64	102.69
Operating Income	9.43	5.62	(2.87)	12.22	(4.64)	7.02
Interest Expense	1.30	1.75	2.05	2.44	2.30	2.15
Pretax Income	14.14	6.77	(1.18)	13.74	(8.22)	4.32
Tax Provision	0.73	0.08	0.98	0.59	(0.95)	2.60
Net Income	13.41	6.70	(2.15)	13.15	(7.27)	1.72
Basic EPS	0.23	0.11	(0.04)	0.23	(0.13)	0.03
Diluted EPS	0.23	0.11	(0.04)	0.23	(0.13)	0.03

* Derived from reported values

Cash Flow Statement

(in millions EUR)

Metric	FY 2024	FY 2023	FY 2022	FY 2021
Operating Cash Flow	31.46	20.16	22.29	25.85
Investing Cash Flow	(28.59)	(11.04)	(53.86)	(13.13)
Financing Cash Flow	(27.64)	(22.37)	(22.51)	71.16