Velvet AI launch, global partnerships, europe-wide focus and compliance drive sustainable development in H1 2025

The Board of Directors of Almawave today approved the H1 2025 consolidated results. Total revenues and other income of Euro 22.8 million are reported for the period, alongside major investments in AI – particularly Velvet and other products and solutions with a significant impact for training infrastructure – amounting to Euro 8 million, a cash positive NFP of Euro 0.6 million and a net profit of Euro 1.2 million (5.6% of operating revenues).

Valeria Sandei, Almawave Chief Executive Officer, stated: “H1 2025 was a time of transformation for Almawave. As our new technological journey begins, the second quarter looks set for acceleration, as the new strategic paradigm the Group has adopted takes effect. The release and progressive strengthening of the models in the Velvet family, their integration into the AIWave platform and the launch of technology collaborations with major international partners confirm our trajectory towards an increasingly central role in European Artificial Intelligence.”

Sandei added: “We have invested decisively in technology, strengthening our infrastructure and enhancing and enriching our existing solutions and compliance. This approach has seen us become one of the first entities to obtain international AI certifications and adopt the AI Act framework ahead of time. This intense journey, which we have completed in just a few months, has involved all Group companies in a synergistic process. It reflects our vision of a robust, reliable and impact-oriented AI. We look with confidence to the second half of the year as we seek to achieve results that align with our industrial vision while generating value for customers, partners and stakeholders.”