Virtualware said it moved back into profit in the first half of 2026, helped by a sharp increase in revenue and stronger recurring business across its product portfolio. The Bilbao-based company reported first-half revenue growth of 65%, marking a significant improvement from the same period last year.
A key driver was rising subscription and services activity linked to VIROO and Simumatik. That mix also supported operating performance, with EBITDA reaching €375,323 after a negative €61,785 a year earlier. The swing suggests the company benefited not only from higher sales, but also from better operating leverage.
Virtualware, listed as EPA: ALVIR, is focused on enterprise software and immersive technology solutions. Based on the company update, demand for its platforms and related services appears to be strengthening, particularly in areas that generate repeat revenue rather than one-off sales.
The first-half figures indicate a stronger start to 2026 for Virtualware as it builds on growth in both subscriptions and services. With VIROO and Simumatik contributing to the improvement, the company’s latest results point to healthier underlying momentum than in the prior year.
