Results 2025
REVENUES
€4.32M
EBITDA
€672k
NFD
(€3.05M)*
Corporate Governance
Board of Directors

Unai Extremo
President and CEO, Virtualware

Sergio Barrera
Member and CTO, Virtualware

Asier Extremo
Member and COO, Virtualware

Jose Ramón Berecibar
Secretary

Sara Antuñano Leicea
Member Independent

Carlos Polo Gil
Member independent
Steering Committee

Ainara Larrinaga
Financial Director, Virtualware

David Moreno
Chief Business Development Officer, Virtualware

Maribel Nuñez
Talent Director, Virtualware

Jesús Garrido
Head of Sales, Virtualware

Laura Pereg
Management Assurance Officer,Virtualware
Advisory Board

Stephanie Smith

Edward J. Martin

Albert Maasland

Ramon Pedrosa
Investor reports
Events and Financial calendar
2026
2025
Equity Research
2026
2025
2024
Latest IR News
Analyst report highlights Q1 2026 bookings of c.€2.5 million, implying an annualised run-rate above €10 million
Analyst report highlights Q1 2026 bookings of c.€2.5 million, implying an annualised run-rate above €10 million
Virtualware to Double Down on North America, now 40% of 2025 Revenue
Highlights from Virtualware’s April 2026 investor call on FY 2025 results: record bookings of over €8M, revenue of €4.32M, EBITDA of €672K and 30% organic revenue growth gu
Virtualware Reports Audited 2025 Results: Margin Improvement and Record Bookings
Virtualware reports audited 2025 results with improved margins and record bookings, strengthening its position in enterprise virtual reality solutions.
Virtualware secures €800K contract extension with ADIF to enhance its railway VR training solution.
Spanish Railway Operator Extends Four-year Contract worth over €800,000 for their Railway Infrastructure Training Simulator powered by VIROO platform
Results 2024 – Virtualware 2007 S.A. (Ticker: ALVIR)
| Metrics | 2024 |
|---|---|
| Income | 4.200.000 € |
| EBITDA | 808.000 € |
| Net profit before tax | 598.000 € |


