EVS Annual Report 2025

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Annual Report 2025
2025

Table of contents

Word from
the CEO

Serge Van Herck
/ Chief Executive Officer

As we reflect on 2025, EVS stands stronger, more focused, and better positioned in an industry undergoing profound and lasting transformation. Live production is no longer episodic. It is continuous, multi-platform, and increasingly mission-critical, with rising expectations for reliability, efficiency, and resilience. In this environment, where failure is simply not an option, EVS continues to play a central role in enabling the world’s most valuable live moments.

Building the Next-Generation Live Platform

2025 marked another important step in our journey toward becoming the reference platform for live video production. Guided by our PLAYForward strategy, we continued to evolve from a product-led organization into a software-driven, ecosystem-based company. Our priorities were clear: we deepened customer intimacy, strengthened workflow integration, and built scalable solutions designed for real operational conditions.

We continued to expand our presence in North America, both as a strategic growth engine and as a catalyst for innovation. At the same time, we made significant progress in the global news market, an environment that demands round-the-clock reliability, fast decision-making, and operational efficiency. New reference deployments with organizations such as Al Jazeera and NDR illustrate the growing trust in EVS technology beyond major sports and entertainment events, supporting continuous news operations where accuracy, speed, and resilience are essential.

A defining milestone in 2025 was the creation of the T-Motion division following the acquisitions of Telemetrics and XD Motion. By combining robotics, automation, and software-defined control, we expanded our role across the entire live production chain. This strengthened our ability to deliver integrated, intelligent workflows that enhance creative freedom while reducing operational complexity.

Consistent Performance and Financial Discipline

EVS delivered another year of strong financial performance in 2025. It marked the fifth consecutive year of record revenue, confirming the resilience and scalability of our business model. Since 2019, our compound annual revenue growth has exceeded twelve percent per year, driven by a balanced combination of organic expansion, targeted acquisitions, and disciplined execution.

This sustained performance keeps us firmly on track toward our long-term ambition of reaching €350 million in annual revenue by 2030. Alongside revenue growth, we once again delivered strong profitability. Our continued focus on operational efficiency, portfolio coherence, and recurring revenue streams through service agreements and evolving licensing models has strengthened the predictability and quality of our earnings. This consistent performance and clear strategic direction were reflected in EVS reaching a ten-year high in company valuation during 2025, an important indicator of confidence in our long-term value creation.

Innovation with Purpose and Responsibility by Design

Innovation at EVS is driven by real operational needs rather than technology for its own sake. In 2025, our research and development teams continued to advance software-defined architectures, artificial intelligence-enabled workflows, and scalable solutions that act as true operator multipliers in live environments. Artificial intelligence is increasingly embedded across our portfolio to enhance reliability, efficiency, and decision-making in complex productions, while also improving storytelling and helping content creators deliver stronger emotional impact in live environments.

At the same time, we continued to embed environmental, social, and governance principles into the way we design products, run our operations, and engage with partners. During the year, we achieved a measurable reduction in product energy consumption, strengthened supplier certification and governance, and joined industry initiatives aimed at reducing the environmental footprint of media production. These efforts reflect our belief that operational excellence, responsible growth, and long-term performance are inseparable.

Strengthening Our Ecosystem

Partnerships remain a cornerstone of our strategy. Our global channel network and technology alliances allow us to scale our impact while staying focused on what we do best. Strategic collaborations continue to extend the reach of our platform across sports, news, entertainment, and corporate production environments, reinforcing EVS as a trusted foundation for live operations worldwide.

Looking Ahead

As we look forward, our ambition is clear and unchanged. We aim to build the most trusted, resilient, and future-ready live production platform in the industry. In the coming years, EVS will be at the heart of live production workflows for the world’s major winter sports events and the most prominent global soccer and football tournaments. These environments represent the highest possible standards for reliability, scalability, and operational excellence.

These landmark events are more than global showcases. They are real-world stress tests of our technology, our Team Members, and our partnerships. They reaffirm the role EVS plays as mission-critical infrastructure for live media, while reinforcing our long-term commitment to customers, partners, shareholders, and society at large.

On behalf of the Board of Directors and the entire Leadership Team, I thank you for your continued trust and support.

Letter from
the Chairman

Johan Deschuyffeleer
/ Chairman of the Board

Dear Shareholders,

As we look back on 2025, I am proud to see how EVS continued to create sustainable value in a world that is changing faster than ever before. The media and entertainment industry is undergoing a profound transformation driven by new technologies, evolving consumer expectations, and an increasing demand for flexibility and creativity. In this context, EVS has once again demonstrated its ability to adapt, innovate, and deliver trusted solutions that empower our customers to capture and share the most important live moments with the world.

Our focus remains on long-term value creation for our shareholders, our customers, and our Team Members. We continue to invest strategically in innovation and operational excellence, while maintaining a strong financial foundation. This balance between growth and resilience is what ensures EVS’ relevance and strength in an environment marked by technological acceleration and uncertainty.

In 2025, we made further progress in shaping the future of live production, with continued expansion of our cloud- and software-based offerings and enhanced integration across our product portfolio. These advancements position EVS as a key enabler of the industry’s transition towards more connected, flexible, and sustainable production models.

Equally important, we have strengthened our commitment to responsible business practices. Through our ESG Strategy, we continue to focus on Team Members’ well-being, environmental impact, and governance excellence - ensuring that EVS’ success contributes positively to society as a whole.

Looking ahead, our ambition is clear: to continue building a company that not only leads in technology but also creates meaningful value - economically, socially, and environmentally.

On behalf of the Board of Directors, I would like to thank our shareholders and partners for their continued trust and support. I also wish to express my deepest gratitude to the entire EVS team for their passion, dedication, and ingenuity. Their collective efforts are what make EVS’ success possible, year after year.

International footprint

International footprint - map
  • Mexico, MX NALA

  • Burbank, LA, West Coast US NALA

  • Fairfield, US East Coast NALA

  • Madrid, ES EMEA

  • DEVELOPMENT CENTERSLiège, BE
    Brussels, BE
    Toulouse, FR
    Bracknell, UK
    Paris, FR
    Gilze, NL
    Porto, PT
    Coignières, FR

  • Munich, DE EMEA

  • Brescia, IT EMEA

  • Bracknell, UK EMEA

  • Dubai, UAE EMEA

  • Beijing, CH APAC

  • Hong Kong APAC

  • Singapore APAC

  • Sydney, AU APAC

  • Denver, USNALA

  • Allendale, NJ, East Coast UNALA & Development center

Our values

  • We are customer-success focused.
  • We value teamwork.
  • We are accountable.
  • We are passionate.
  • We aim for excellence.
  • We focus on innovation.
  • We are agile.

Development centers

  • Liège, BE
  • Brussels, BE
  • Toulouse, FR
  • Bracknell, UK
  • Paris, FR
  • Gilze, NL
  • Porto, PT
  • Allendale, US
  • Coignières, FR

Sales and customer service centers

NALA

  • Fairfield, NJ, US East Coast
  • Allendale, US East Coast
  • Denver, US Colorado
  • Burbank, LA, US West Coast
  • Mexico, MX

EMEA

  • Liège, BE
  • Munich, DE
  • Dubai, UAE
  • Paris, FR
  • Madrid, ES
  • Brescia, IT
  • Bracknell, UK

APAC

  • Sydney, AU
  • Beijing, CH
  • Hong Kong
  • Singapore
  • 36
    Nationalities
  • 43.3 Mio
    EBIT 2025
  • Founded in
    1994
  • 792 Full-time equivalents
    EOY 2025
  • 208.1M€ Revenue
    in 2025
  • Publicly traded since
    1998

We are EVS

We create return
on emotion

The broadcast and media technology company EVS was founded in 1994. Headquartered in Liège, Belgium, the company has a global presence with over 800 Team Members working in 20-plus offices around the world. In its early years, EVS was known for its pioneering work in tapeless television technology, including the launch of the Live Slow-Motion (LSM) system, which rapidly became the standard replay technology for all broadcast sporting events worldwide.

Who
we are

As a globally-recognized leader in live video technology for broadcast and media productions, our passion and purpose are to help our customers and EVS operators craft compelling stories that elicit the highest emotional response. We strive to deliver the best possible solutions for them through our cutting-edge technologies and customer-focused teams, thereby ensuring that they can create engaging and impactful content. We take pride in our industry-leading position and remain committed to driving innovation and excellence in all that we do.

What
we deliver

Our technology is used by customers worldwide to deliver live sports images, entertainment shows, and breaking news content to billions of viewers in real time. Through our innovative solutions, we enable our customers to engage and captivate their audiences with high-quality and impactful content. We are proud to play a key role in bringing some of the most exciting and engaging moments in sports, entertainment, and news to audiences all over the world.

Customer
success

EVS has become a key player in the live production industry, offering reliable and innovative technologies and providing first-class support to customers located worldwide. Our focus on customer success has allowed us to remain at the forefront of the industry, and we are committed to helping our clients grow as the industry evolves. To deliver on this promise, we have continued to invest in the latest technologies, including our pioneering work in IP, artificial intelligence, multiple video resolutions, and cloud-based implementation. Through these efforts, we have remained ahead of the curve and have empowered our customers with mission-critical, smart, and scalable solutions that enable them to produce the best live stories, today and in the future.

Founded in 1994

800+ Team Members

20+ offices

HQ in Liège, Belgium

Vision & BHAG

EVS continues its journey towards achieving its ambitious BHAG (Big Hairy Audacious Goal), guided by its PLAYForward strategy. While its core principles remain unchanged, the PLAYForward strategy continues to evolve to reflect evolving market dynamics, customer expectations, and technological shifts. Defined several years ago, this strategy has proven its relevance and resilience, providing a clear long-term direction while allowing EVS to respond pragmatically to a changing industry landscape. In 2025, EVS further strengthened its execution, delivering sustained growth and reinforcing the foundations of its long-term transformation.

The strategy remains focused on driving profitable, sustainable, and scalable growth through a customer intimacy approach, built around an integrated ecosystem of innovative live video workflow solutions that continues to expand. This approach enables EVS to create long-term value for customers while steadily increasing the company’s market reach, revenue quality, and overall resilience.

Strategic Foundations

The PLAYForward strategy has continued to provide the foundation for EVS’ transformation by clearly defining:

  • Focus: Live media production remains EVS’ core domain, where the Group continues to set the standard for reliability, performance, and innovation.
  • Value Discipline: Customer intimacy remains a key differentiator, enabling EVS to develop solutions closely aligned with customer needs and operational realities.
  • Technology Blueprint: A comprehensive framework guiding innovation across hardware, software, AI, and cloud-enabled deployment models.
  • 2030 BHAG: To become the #1 solution provider in the live video industry.

Through disciplined execution of its strategy, EVS remains firmly on track to achieve its 2030 vision, delivering sustainable growth, increasing company value, and setting the benchmark for live video production solutions worldwide

Strategic Pillars

To reach its BHAG, EVS continues to execute along a set of clearly defined strategic priorities, building on the progress achieved in previous years.

Strengthen Market Leadership

EVS consolidated its leadership position in LiveCeption while accelerating growth in MediaCeption and Media Infrastructure. Continued investment in next-generation convergent servers, software-defined workflows, and AI-enabled applications reinforced EVS’ competitive differentiation.

Evidence: Successful adoption of software convergent platforms for AI Zoom Replay applications and expanded deployments of VIA MAP across advanced live production environments.

Accelerate Growth in North America

North America remains a key growth engine for EVS. In 2025, EVS further strengthened its commercial and operational footprint in the region, improving customer proximity, delivery capabilities, and support coverage. This focus supported increased market penetration across multiple solution families.

Evidence: Continued expansion of EVS’ regional teams and increased contribution of North America to EVS revenues. Customization of certain product portfolio items to specific North American live production needs.

Refine and Articulate the Portfolio as an Ecosystem

EVS continued to evolve its portfolio from a collection of products into a cohesive ecosystem of interoperable solutions. By aligning LiveCeption, MediaCeption, Media Infrastructure, and adjacent offerings, EVS enables customers to adopt flexible, scalable workflows adapted to diverse production models and business needs.

Evidence: An increasing number of customers adopting multiple EVS solution families across production, orchestration, and infrastructure layers.

Expand into Adjacent Markets

Simultaneously, EVS pursued selective expansion into adjacent markets, leveraging its core competencies in live video, real-time processing, and missioncritical operations. This disciplined approach supports long-term growth while preserving strategic focus.

Evidence: Targeted investments and partnerships extending EVS’ addressable market beyond traditional broadcast environments, notably in the field of highend corporate video, houses of worship and sports-venue markets.

Key Enablers for Success

EVS’ strategy is supported by a set of structural enablers that underpin execution and long-term value creation.

Cross-Selling Excellence Enabled by a Convergent Roadmap

The continued convergence of hardware, software, AI, and services enhances cross-selling opportunities and increases customer lifetime value. EVS’ roadmaps are designed to unlock synergies across the portfolio while simplifying adoption for customers.

Evidence: Rising proportion of customers combining two or more EVS solutions from different product families, facilitating ecosystem advantages through cross-solution integration.

Channel Partner Network

EVS further strengthened its global channel partner network to extend market reach and improve local engagement. Channel partners play an increasingly important role in addressing new customer segments.

Evidence: Continued success of the partner program in opening new customer opportunities and markets.

Mergers & Acquisitions and Strategic Partnerships

EVS remains active in evaluating selective M&A and partnership opportunities that enhance the portfolio, accelerate innovation, and support entry into attractive adjacencies. This disciplined approach reinforces EVS’ long-term growth trajectory.

Evidence: Successful integration of recent acquisitions, including Telemetrics in the US and XD Motion in France, enabling EVS to offer the widest solution range in live video robotics, while continuing to evaluate new strategic opportunities.

Embedding Sustainability and ESG as an Innovation Driver

Sustainability remains embedded across EVS’ operations, product design, and decision-making processes. ESG considerations increasingly act as a catalyst for innovation, operational efficiency, and responsible growth.

Evidence: Continued reduction in energy consumption through hardwareefficient solutions and progress against ESG objectives.

AI Capabilities Developed by EVS

EVS continued to invest in media-specific AI models designed to enhance creativity, efficiency, and automation in live production environments. These capabilities increasingly differentiate EVS’ solutions and open new value creation opportunities. New efforts have been made to increase intelligent 3D spatial awareness and content awareness to unleash new advanced applications in the field of production and sports officiating.

Evidence: Deployment of new AI-powered features and workflow enhancements across the portfolio.

R&D, Innovation & AI

R&D Technology Strategy

EVS is evolving our broadcast platforms into software-driven, AI-enabled, and cloud-scalable ecosystems designed to deliver faster product releases, lower operational costs, and smarter production workflows. The strategy emphasizes platform modernization, embedding AI for both developer efficiency and customer-facing features and automation, and expanding cloud and SaaS offerings for selected products. This approach enables real-time assistance, advanced monitoring, and simplified operations, while maintaining the high performance and reliability required by the industry.

A key focus is on hardware-software synergy, leveraging specialized hardware for density and power efficiency, while tightly integrating software architectures for flexibility and scalability. The organization is strengthening its DevOps and platform engineering capabilities, adopting Kubernetes for scalable and hybrid deployments, and investing in internal training to upskill teams. Sustainability is embedded through power-efficient hardware design and cloud infrastructure planning, with ESG principles guiding product development.

Product energy optimization

Every year, we rigorously evaluate the energy footprint of our products across their entire lifecycle, reaffirming our commitment to sustainability. In 2025, despite robust growth in sales, we proudly achieved a remarkable 5% absolute reduction in overall product energy consumption. This progress highlights the positive impact of both our innovative licensing model and the scalability of available capacity, which empower customers to fully leverage our solutions while minimizing their environmental footprint. By making smarter use of our technology, our customers can achieve more without consuming more energy.

Architectural governance has been reinforced with the formation of an Architecture Steering Committee and transversal architects, ensuring consistency and long-term alignment. By balancing modernization, AI adoption, cloud readiness, and sustainability, EVS is building a future-proof foundation for live production solutions that meet evolving customer needs and industry standards.

Innovation in R&D

At EVS, innovation is not just a competitive differentiator, it is a core value embedded in our R&D culture. We aim to deliver breakthrough technologies while continuously improving how we work and collaborate. Our approach combines product innovation with organizational agility, ensuring creativity and efficiency go hand in hand. This commitment is reflected in strategic pillars that empower teams to experiment, learn, and deliver solutions that shape the future of live media production.

Innovation Time

To nurture creativity, EVS offers every R&D Team Member up to five days per quarter dedicated to innovation projects. These projects are designed to generate tangible value for our products or the broader organization. Collaboration is strongly encouraged, often pairing colleagues from different teams to spark fresh ideas and cross-pollinate expertise. This initiative has led to prototypes and concepts that feed into our roadmap and strengthen our innovation pipeline.

Innovation Team

Our dedicated Innovation Team acts as a catalyst for emerging technologies within EVS. Comprising over 15 highly skilled Innovation Engineers, the team focuses on advanced domains such as machine learning, computer vision, and GPU-accelerated workflows. Their mission is to explore, validate, and integrate cutting-edge solutions that enhance our product portfolio and operational capabilities. Over the years, this team has driven key advancements in AI-powered intelligent video processing, leading to the development of our XtraMotion range and reinforcing EVS’ leadership in broadcast technology.

Key Innovation Programs

Hackathon

Our Hackathon program is a cornerstone of collaborative innovation at EVS. Every year, we bring together cross-functional teams from R&D to tackle realworld challenges. These events encourage rapid prototyping and creative problem-solving, often resulting in features that make their way into our product roadmap. Recent hackathons have explored AI-driven replay automation, FPGA feature enhancements, and sustainability-focused solutions. The winning projects are not only celebrated internally but also assessed for potential integration into our commercial offerings.

MakerLab Program

The MakerLab Program is EVS’ structured initiative to transform promising hackathon and innovation ideas into viable products. Acting as a post-hackathon accelerator, MakerLab provides selected teams with coaching, resources, and a startup-inspired framework to refine their concepts. The program emphasizes Lean Startup principles, guiding teams through customer validation, business model design, and rapid prototyping. Participants also benefit from workshops on pitching, strategic partnerships, and resilience, ensuring they develop not only technical solutions but also a clear value proposition.

R&D Conference

Our annual R&D Conference serves as a platform for knowledge sharing and strategic alignment. It brings together global teams to discuss technology trends, showcase innovation projects, and align on long-term objectives. Topics in recent editions have included AI ethics in live production, cloud scalability, and data-driven decision-making. The conference also features sessions from external speakers, ensuring our teams remain connected to broader industry developments.

Organizational Evolution

Alongside technology and product innovation, EVS’ R&D teams continue to evolve their ways of working to foster agility and collaboration. After successfully adopting the Scaled Agile Framework (SAFe) several years ago, 2025 marked another step forward with the introduction of the Tribes and Squads model. This approach enables smaller, cross-functional teams to work together within a lighter, more flexible framework, promoting faster decision-making and closer alignment with customer needs. By combining structured agility with empowered squads, EVS ensures that innovation is supported not only by cutting-edge technology but also by modern, adaptive organizational practices.

Artificial Intelligence

Being an innovation-focused R&D team in 2025 means using AI as both a product differentiator and a development aid. At EVS, AI is embedded in our strategy to deliver smarter workflows, enhance live production capabilities, and accelerate engineering processes.

AI as a USP

Artificial Intelligence is a cornerstone of EVS’ product roadmap, driving unique features that set our solutions apart in the market. From AI-powered replay automation to computer vision for live sports analysis, our teams are leveraging machine learning to simplify complex workflows and deliver real-time insights. Projects such as AI search in video databases, virtual offside line detection, and live production automation illustrate how AI improves both operational efficiency and viewer experience. These innovations enable broadcasters to achieve faster turnaround times, reduce manual intervention, and unlock new monetization opportunities, all while maintaining the highest standards of quality and reliability.

AI as a Development Aid

Beyond product innovation, AI is also reshaping how we build software. EVS recently deployed the AI-powered coding assistant GitHub Copilot to support developers throughout the lifecycle, from writing and testing code to documentation and deployment. Early feedback from these pilots highlighted productivity gains of 7-10%, improved code quality, and fewer errors. By integrating AI into our development workflows, we empower engineers to focus on creative problem-solving while automating repetitive tasks. This approach accelerates delivery timelines and ensures our teams remain at the forefront of modern engineering practices.

Acquisitions

EVS broadens its Total Addressable Market with the new T-Motion solution – focused on Media Production Robotics – thanks to Telemetrics & XD Motion acquisitions

Five years after defining the EVS PLAYForward strategy, which also includes inorganic growth to increase the Total Addressable Market, EVS has completed five M&A transactions.

EVS Expands Global Reach and Unlocks New Revenue Streams in Media Production Robotics

On October 1st, 2025, EVS finalized the acquisition of two companies active in media production robotics: Telemetrics, a U.S.-based company specializing in indoor media production robotics, and XD Motion, a French company renowned for enabling highly secure outdoor media production robotic experiences and providing reliable control of indoor robotic arms.

Both acquisitions support long-term value creation through portfolio diversification. The combination of these two acquisitions has resulted in a new solution for EVS, named T-Motion, enabling EVS to address a new market estimated at $125 million and offering the broadest range of premium media production robotics, both indoor and outdoor.

Telemetrics Inc.

Founded in 1973 as a U.S.-based and family-owned business, Telemetrics has been at the forefront of innovation in television camera control for over five decades. The company made its mark by pioneering triaxial cable-connected camera control systems, revolutionizing how broadcasters operate in studio and remote environments. Today, Telemetrics continues to lead the way with a comprehensive portfolio of advanced camera robotics and control systems, trusted across diverse sectors including broadcast, legislative, stadium, and education.

XD Motion

Founded in 2011, XD Motion has carved out a unique position in the broadcast and cinematography industries with its expertise in aerial filming and multidimensional tracking. From helicopters and planes to cable cams, robotic arms, and drones, the company has delivered breathtaking live video images for some of the world’s most prestigious events, including the Olympic Games.

In recent years, XD Motion has evolved beyond service delivery, launching innovative products such as ARCAM IO.BOT, bringing its gyro-stabilized technology to a broader market. This transformation from a service-centric model to a product-driven approach reflects the company’s commitment to scalable innovation.

As part of EVS T-Motion, XD Motion’s services will continue to support major live events already covered by EVS. At the same time, T-Motion will increasingly empower Live Service Providers to expand their own service offerings by integrating T-Motion’s outdoor robotics technology.

Strategic Rationale & Market Impact

The two acquisitions reinforce EVS' commitment to delivering “return on emotion” through intelligent, software-driven production workflows. By integrating T-Motion’s advanced robotics portfolio with EVS’ existing platforms - including MediaInfra Cerebrum and the Flexible Control Room concept implemented as Tactiq, MediaCeption newsroom, and LiveCeption replay solutions - EVS will unlock new automation capabilities, enhance precision, and expand creative freedom for customers across broadcast, legislative, stadiums, corporate AV, entertainment, houses of worship, and sports production. Together, these acquisitions further strengthen EVS’ leadership in Live Media Production.

The two companies differentiate themselves from the competition thanks to four key “4S” values: Safety in the interactions between robots and humans in media production environments, exceptionally Smooth and Stable images thanks to unique technologies, and long-term Sustainability of the equipment through preventive maintenance covered by a new Service Level Agreement.

EVS will also ensure continuous innovation, leveraging its portfolio of mediaspecific GenAI capabilities to further improve solution control and image quality.

Thanks to its worldwide presence, EVS is improving the visibility and local support of the T-Motion solution, including a progressive rollout of 24/7 support where needed, ensuring our customers are backed by world-class expertise, anytime and anywhere.

The integration of Telemetrics will also enable EVS to explore potential U.S.- based product assembly opportunities, supporting agility in response to evolving tariff measures.

Both acquisitions were extensively presented and discussed during the IBC event in Amsterdam in September 2025. Since then, customer feedback has been overwhelmingly positive, with many customers endorsing our strategic direction to launch a media production robotics solution.

Telemetrics and XD Motion have positioned EVS among the top five players in media production robotics, with a market share exceeding 10%, approaching the top three. Leveraging our global presence, GenAI enhancements, and seamless integration within the EVS ecosystem, we anticipate significant market share growth, aiming to become the industry leader in media production robotics in the coming years.

Integration

The integration of Telemetrics and XD Motion into EVS follows the same proven methodology applied in previous acquisitions, coordinated by an Integration Management Office through parallel workstreams. Given the complementary nature of their portfolios, the two companies are first merged at the product and solution level within the new T-Motion solution, while leveraging EVS' shared services and robust commercial and support teams. Special attention is given to training to ensure a smooth and progressive adoption by all stakeholders.

EVS will continue to expand its ecosystem

The previous acquisitions of Axon to build MediaInfra solution, MOG Technologies to enhance the MediaCeption solution, Telemetrics and XD Motion to build the T-Motion solution, and the minority investment in TinkerList/Cuez to strengthen news and automation workflows in general, on top of LiveCeption & MediaCeption solutions, are now shaping a strong, open EVS media production ecosystem that supports our customers in their transformation.

EVS continuously scans the market to further enhance this ecosystem and broaden its Total Addressable Market through strategic partnerships and acquisitions.

These new acquisitions will enable EVS to achieve its Big Hairy Audacious Goal defined as part of the PLAYForward strategy.

Sustainability Strategy

In 2025, we continued to execute our Sustainability Strategy by refining governance processes, collecting data to inform decision-making, and progressing with the implementation of our action plans. Our Sustainability Strategy is informed by our Double Materiality Assessment, which allows us to map our company’s dependencies on, and impact across, sustainability matters, thereby defining our priorities.

Sustainability matters are grouped under thematic pillars, which are themselves categorized into four broad areas. Each pillar is associated with an ambitious 2030 target and is sponsored by a member of the Leadership Team, ensuring accountability and support from top management.

Planet

  • Alex Redfern Chief Technology Officer

    Customers' Carbon Footprint

    Targets under development

  • Veerle De Wit Chief Financial Officer

    Company’s Carbon Footprint

    Targets under development

People

  • Pierre Matelart Chief People Officer

    Talent Management & Diversity, Equity and Inclusion & Working Conditions

    Be in the top 50% of Top Employers in Belgium

    Maintain a team member NPS of 30 or above

Communities

  • Nicolas Bourdon Chief Customer Officer

    Customer Experience

    Achieve an NPS Devoncroft Score of 30 or above (in the “great” range) and be in the top 25% of our industry

    Local Social Contribution

    80% of Charity Days used

Governance

  • Veerle De Wit Chief Financial Officer

    Cybersecurity (company, products & solutions)

    Maturity Level 2 of the CyberFundamentals Framework

    Sustainable Supply Chain

    100% of our direct (high and major risk) suppliers assessed by EcoVadis or equivalent

    50% of our direct (high and major risk) suppliers reach at least a bronze medal in EcoVadis or equivalent

  • Nicolas Bourdon Chief Customer Officer

    Business Ethics

    100% of Team Members trained in Business Ethics

    100% of our direct (high and major risk) suppliers accept and respect our Code of Conduct (or equivalent)

Sustainability Governance
& the Sustainability Team

At EVS, several administrative bodies play an important role in the development, rollout, and implementation of the ESG Strategy. We have therefore created a governance structure that embeds sustainability throughout our entire organization.

The Board of Directors defines the ESG Strategy, the Leadership Team is responsible for its implementation, and the ESG Core Team ensures its day-to-day management.

Given the wide-ranging nature of sustainability, Team Members from various departments within EVS (including HR, Finance, Business Application, Customer Success, Engineering, Legal, and Marketing) are part of the ESG Team.

In 2024, we also introduced ESG Ambassadors in major offices. These Ambassadors are responsible for promoting ESG culture locally and defining local priorities.

Overall, more than 40 Team Members are working on implementing EVS’ Sustainability Strategy, each bringing different expertise and interests, but united by a common commitment to fostering a better future.

External
Recognition

We frequently receive ratings on sustainability matters, which we analyze to ensure that we remain on the right track.

  • Sustainalytics is a well-known rating agency whose analysts have rated more than 20,000 companies. Our current score (June, 2025) is 18.1. Companies that score between 10 and 20 are considered to be low-risk. Sustainalytics also provides a worldwide sector ranking. We are 248 out of 667 companies in the technology hardware industry group (with 1 being the top score).
  • EcoVadis is an independent sustainability rating platform that monitors and improves the environmental, ethical, and social performance of companies worldwide. EcoVadis provides sustainability performance audits for 75,000+ companies across 200+ sectors and in more than 160 countries. In 2025, EVS was awarded a silver medal for the second consecutive year, with an improved score of 70/100. We are ranked in the 94th percentile, which means our score is higher than, or equal to, the score of 94% of all companies assessed by EcoVadis.
  • CDP is a not-for-profit organization that runs a global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. In 2025, EVS received a C rating, which marks an improvement from our previous scores of D- in 2023 and D in 2024.

Carbon Footprint Strategy

Our Ambition

As a technology company in the broadcast and live production sector, we recognize the environmental impact of our operations. It is our responsibility to measure and reduce this impact as much as possible.

We are in the process of establishing our carbon footprint targets. As EVS continues to experience significant growth within an ever-changing technological environment, we have focused on setting an intensity-based target. In 2025, our primary objective was to identify a suitable denominator for our carbon footprint measurement. We selected a new metric, Video Transfer Capacity (VTC), expressed in Gb/s. VTC quantifies the volume of video data that a product can transfer, process, or control. Beginning in 2026, each EVS product will be assigned a specific VTC value to reflect its capabilities in broadcast-oriented applications.

By correlating energy consumption to this VTC metric, we aim to create a benchmark that remains stable despite technological changes and clearly illustrates our commitment to lowering our customers’ carbon footprints without sacrificing high performance.

Our 2024 carbon footprint data showed that how much energy our products consume is key to reducing emissions. Therefore, in 2025, we prioritized identifying ways to reduce energy consumption across our product range. Our R&D team suggested multiple initiatives to decrease energy usage in both hardware and software. In 2026, we will focus on evaluating these R&D ideas and integrating them into our product plans, enabling us to define credible and achievable targets for reducing our carbon footprint.

2025 results

EVS’ 2025 Carbon Footprint amounted to 43,116 tCO2e, which represents a decrease of 10% compared to the baseline year of 2024. This reduction is primarily attributed to two key factors affecting scope 3 emissions.

  • Significant decrease in product energy consumption:

    We achieved a noteworthy 3% absolute reduction in overall product energy consumption. This accomplishment demonstrates the effectiveness of our innovative licensing model and the scalability of our available capacity, enabling customers to maximize the benefits of our solutions while minimizing their environmental impact. By utilizing our technology more efficiently, customers are able to achieve greater results without increasing energy usage.

  • Data improvement in purchased goods and services:

    We undertook a comprehensive review and remapping of our direct and indirect purchases, including updates to the emission factors used. Notably, we transitioned several categories from a monetary-based ratio to a unit-based approach, leading to more accurate reporting and further supporting our sustainability goals.

HR Strategy

Our Ambition

The business world is changing, and employees’ expectations are evolving alongside it. Companies must attract and retain the best talent while boosting performance and ensuring they have the talented people needed to attain their business goals.

By 2030, EVS aims to achieve two primary objectives:

Attain a position within the Top 50% of Belgium’s Top Employers.

Achieve a Team Members Net Promoter Score (tmNPS) of 30 or higher.

These dual objectives reflect our commitment to both external attractiveness and internal engagement. Recognition among the top employers demonstrates our dedication to continuously enhancing HR policies through global benchmarking of best practices.

Team Members Net Promoter Score

For the past three years, we have asked our Team Members on a quarterly basis a straightforward question: “How likely are you to recommend working at EVS to a friend or acquaintance?”

The Team Members Net Promoter Score (tmNPS) has remained stable over this period, with an average score of 48. This indicator measures the willingness of our Team Members to recommend EVS and serves as a reliable proxy for overall satisfaction and loyalty to our company.

Thanks to these regular surveys, we gain a comprehensive view throughout the year and can analyze seasonal variations. The results of this survey also reinforce the positive engagement levels observed in our annual engagement survey.

Top Employer

For the fourth consecutive year, EVS is proud to announce that we have been honored with the recognition of being named a 2026 Top Employer. This accolade stands as a testament to our commitment to fostering an exceptional workplace environment that prioritizes the well-being and growth of our invaluable team.

This year, we conducted a deep-dive analysis of our results to gain a comprehensive view of our strengths and areas for improvement. Our goal is to enhance our overall performance next year, and to achieve this we will implement a series of targeted actions.

This certification is consistent with the findings of our annual engagement survey and the quarterly tmNPS.

Engagement Survey

Increasing Team Member engagement is a key pillar of our HR Strategy. Research consistently demonstrates a strong correlation between the level of engagement within a company and overall business performance. Measuring the commitment and satisfaction of our Team Members is therefore essential.

To support this objective, EVS conducts an annual engagement survey to collect feedback on both strengths and opportunities for improvement. For the seventh consecutive year, the engagement survey was conducted, and the 2025 results are consistent with those recorded in 2024. This stability is particularly noteworthy given that EVS has expanded both organically and through acquisitions, highlighting the effectiveness of our efforts.

2025 2024 2023 2022 2021 2020 2019
Participation rate in the engagement survey 87% 87% 91% 80% 88% 84% 85%
Level of engagement 92% 92% 91% 91% 89% 87% 67%

Learning and development

EVS is committed to providing Team Members with continuous opportunities for learning and development. Learning and development can take place through formal or informal channels, and may be delivered synchronously or asynchronously. Depending on individual needs and preferences, different learning formats may be more suitable and effective than others.

We offer a wide range of development opportunities, including live training sessions, online courses, reading materials, language classes, as well as internal and external development programs. We believe that investing in the continuous development of our Team Members is an investment in the long-term success of our company.

CliftonStrengths

What leaders have in common is that each really knows their strengths, has developed their strengths, and can call on the right strength at the right time.” – Donald O. Clifton

In 2025, a total of 478 Team Members completed the CliftonStrengths assessment with a specialized coach. This assessment identifies each individual’s unique combination of 34 CliftonStrengths themes, providing Team Members with a clearer understanding of their core strengths. We have been actively encouraging the adoption of the CliftonStrengths assessment throughout the organization since 2023.

In 2025, we also developed dedicated team sessions to enable both managers and Team Members to gain a comprehensive view of the group’s collective strengths and development opportunities. Leveraging these insights supports enhanced individual performance and more effective team collaboration.

Diversity, Equity and Inclusion

Raising awareness regarding Diversity, Equity, and Inclusion (DEI) is a continuous process which was pursued this year through a range of targeted initiatives.

In 2025, for the second consecutive year, the DEI Team launched its annual Inclusion Survey as part of EVS’ ongoing commitment to fostering a workplace where everyone feels valued, respected, and included. Our results were very positive, with more than 85% of respondents agreeing, or strongly agreeing, with the question “Do you think EVS is an inclusive workspace?”.

Several mentoring programs were also launched, both internally and externally. One such program was designed to foster dialogue between female employees at EVS and the Leadership Team. This initiative has been successful, with mentees valuing access to leadership insights, and mentors gaining a deeper understanding of female employee experiences.

Additionally, the DEI team supports several organizations promoting gender diversity in the broadcast and STEM sectors, including Elles Bougent, which encourages young women to pursue careers in engineering and technical fields, where they remain under-represented.

Well-being

In 2025, a dedicated working conditions group was established to continuously evaluate and respond to ideas submitted by Team Members through our anonymous ideation box. This initiative fosters open dialogue and ensures that workplace improvements reflect the needs and suggestions of our Team Members across all offices.

The group remains committed to maintaining a balanced approach between our headquarters and worldwide offices, ensuring a consistent focus on well-being and ergonomics throughout EVS.

Ed Force 1 - Bringing People Together in 2025

In 2025, Ed Force 1 continued to strengthen EVS’ culture of connection and celebration by organizing a wide range of events that brought Team Members closer together at EVS HQ and across our offices worldwide.

From school breakfast gatherings to welcome parents after the morning dropoff, to festive celebrations such as Saint-Nicolas parties in Belgium and the Netherlands, Ed Force 1 created meaningful moments for both employees and their families.

The year was filled with memorable occasions, including:

  • Summer Garden Party – a perfect opportunity to relax and interact outdoors

  • Christmas Party

  • Local initiatives – countless events organized by Ed Force 1 ambassadors in our offices, fostering community and engagement every day

These initiatives reflect the group’s unwavering commitment to building a workplace where people feel valued, connected, and celebrated. Ed Force 1 continues to be a driving force behind our vibrant company culture, making EVS not just a place to work, but a place to belong.

Financial Strategy

As part of our PLAYForward strategy, EVS defined in 2019 a clear ambition: to become the number-one live solutions provider and achieve a total turnover of at least 350 million Euro by 2030. The ambition was quite daunting back in 2019, as the annual revenue at that point in time was 103 million Euro. However, 6 years down the road, we are confident that EVS is on the right trajectory to achieve that ambition. We have experienced consistent organic growth over the past couple of years at a 12.4% compound annual growth rate (CAGR). With our current portfolio, including the 2025 acquisition of T-Motion, we believe we can reach revenues exceeding the 300 million Euro mark by 2030. The remaining gap towards the objective of 350 million Euro (approximately 40-50 million Euro) can be secured through additional acquisitions complementing our overall portfolio and allowing us to further expand our total addressable market.

In executing this M&A strategy, EVS has both the financial strength and organizational capabilities required to secure additional acquisitions.

The targeted profitability associated with this ambition is around 22% operating profit. While organically some operational leverage can be expected, there is likely to be some erosion coming from the investments required in new acquisitions.

Our belief that our ambition to reach 350 million Euro turnover by 2030 is achievable is grounded in a set of underlying objectives.

Objective 1: Capture market growth

The live media market offers a fascinating landscape for EVS.

On the one hand, we see our traditional customers – the broadcasters and television networks - who are subject to transformative challenges, driven by technological advancements, evolving consumer behaviors, and innovative content delivery methods. In this dynamic landscape, broadcasters must remain agile, invest in cutting-edge technologies, and prioritize sustainability. EVS aims to act as a key strategic partner, helping our customers navigate through this increasing complexity on a global scale. The overall growth rate for this traditional broadcast market is anticipated to be approximately 2-5% per annum1 Per annual Devencroft Survey..

On the other hand, the world is experiencing a growing need for live content, with the importance of live events growing beyond traditional broadcasters.

Streaming providers are gradually penetrating the live market, with consequently increasing media rights budgets.

Finally, we are also witnessing more traditional corporations investing in live content to support their growing communication needs.

The above trends are expected to push market growth towards the upper end of the projected range.

Objective 2: Increase our market share

Our ambition grows beyond growing in line with the base market; EVS has systematically outpaced the market by capturing additional market share from competitors over the past years and plans to continue doing so in the future.

From a solutions perspective, we expect significant market share gains in the MediaCeption, MediaInfra, and T-Motion solution families. This objective is supported by several factors:

  • Some of our competitors are shifting away from our target market, more specifically the live broadcast industry, prompting customers to seek valuable future-proof alternatives.
  • Our sustained Net Promoter Score supports our ambition to expand our market share.
  • Our growing Channel Partners ecosystem enables us to reach new customers.

From a regional perspective, we expect significant market share gains in North America. EVS has accelerated its strategic investments in this region to accelerate growth. Our growing Team Member base, as well as several major customer wins in 2025, demonstrate this ambition.

We expect the organic compound average annual growth rate to be in the high single digits over the next 5-6 years.

Objective 3: Increase our recurring revenue

We aim to further increase recurring revenue while respecting our customers’ challenges and purchasing patterns. Given the pressure on operational spending in the broadcast industry, the traditional sales pattern is still an OPEX investment for our customers. However, EVS systematically offers its solutions in both Capex and Opex forms.

Our recurring revenue, primarily derived from Service Level Agreements (SLAs), has shown consistent growth over the past years. We are continuing to expand our SLA footprint by integrating this service into all our contracts. At the same time, we continue to invest in top quality Team Members in support roles, as this service is critical and highly valued by our customers.

In addition to SLAs, we are developing additional license and subscription-based revenue streams. In this context, we launched our e-Shop in 2025. This is a portal that enables our customers to activate licenses through a self-service mode without any manual intervention from EVS’ Team Members. Our customers can temporarily upscale or upgrade their systems to meet peak demand or specific production needs.

EVS continued to expand its recurring revenue base. Recurring revenue is generated through Service Level Agreements (SLAs), as well as increasingly through flexible licenses and, since 2025, also from subscriptions. In 2025, EVS introduced its e-shop, a self-service platform that enables customers to independently activate temporary licenses in the form of a subscription. Our recurring revenue has shown consistent growth over the past few years. Revenue from SLAs now exceeds 14% of total revenue (excluding BER and services). When including recurring licenses, the total recurring revenue stands at 16.7%.

We expect to further expand our SLA base by developing new, tailored SLAs for specific markets and customers. In addition, we will broaden the SLA coverage within our new business unit, T-Motion. From a licensing perspective, we also anticipate growth in adoption.

While a significant portion of customer investments continue to follow a CAPEX model, most of our customers operate within annual CAPEX investment cycles. This reflects the fact that customers generally do not upgrade all their infrastructure at once and tend to spread investments over multiple years. As a result, EVS benefits from a substantial level of recurring revenue that secures a stable income stream. Our top 100 customers make significant investments in approximately 8 out of 10 years.

Objective 4: Expand gross profit margins

From a gross profit margin perspective, EVS has demonstrated over recent years its ability to systematically improve margins. The primary driver of margin improvement is the increasing share of software within our solutions. At the same time, pricing strategies are carefully balanced to reflect component cost evolution and inflationary pressures.

Margin improvement is also a key consideration in acquisition analysis. In most cases, acquired businesses initially exhibit lower gross margin profiles at transaction close. EVS generally evaluates the longer-term potential and models margin improvement along several axes:

  • Ability to increase the scale of the acquisition through broader geographical reach or leveraging the EVS brand, enabling dilution of fixed cost structures
  • Ability to inject more software and AI content of solutions
  • Ability to position new solutions as part of an integrated ecosystem, enabling optimized pricing

Our acquisition of Axon in 2020 is a strong illustration of EVS’ ability to improve margins over time. Profit margins have improved by nearly 20% over the past several years through consistent execution of this approach.

Objective 5: Ensure long-term operational leverage

Our goal is to ensure profitable growth, targeting a return on investment that aligns with our current business model of 22-23% EBIT. Achieving this growth requires significant investment in resources, including pre-sales, sales, and support functions, to capture market opportunities and maintain high-quality customer support. While departments such as Production and R&D will grow in line with the company’s trajectory, certain departments can absorb growth without significant expansion.

Investment in the foundations of our company will shift, with a reduced focus on digital transformations and increased emphasis on cybersecurity to ensure a secure customer service experience. Compliance with regulations such as the NIS2 Directive, CRA, and NIST frameworks will require continued attention and investment.

We expect operational leverage to improve by 2 to 3 percentage points over the next 5 to 6 years, assuming investment requirements related to compliance and structural initiatives remain stable.

Objective 6: Growth through acquisitions

In addition to achieving profitable organic growth, EVS actively pursues acquisitions that broaden the ecosystem. For further information, please refer to the chapter on Strategy Acquisitions.

Objective 7: Optimal return on investment

Finally, EVS aims to ensure an optimal return on investment. This objective underpins all aspects of our financial strategy and guides our pursuit of sustained, profitable growth.

Objective 8: Proactive Risk Management

EVS proactively identifies and manages risks that may affect its operations, strategy, financial position, or reputation. For each identified risk, potential mitigation actions are defined to limit the potential impact of the risk on our business.

Examples of Risk Management Actions include:

  • Supplier assessment: In 2025, we updated our “EVS Supplier Certification Procedure” to lower supply-chain risks. All direct suppliers must complete an approved ESG assessment, sign our code of conduct, comply with the Modern Slavery Act, RoHS, REACH, and conflict of minerals regulations.

  • Cybersecurity: We have implemented a robust cybersecurity framework, including a Secure Software Development Life Cycle (SDLC) across all products. This approach integrates security best practices from design to deployment, reducing vulnerabilities and safeguarding solution integrity.

EVS Solutions

Introduction

In 2025, EVS accelerated innovation across live production, content management, media infrastructure, and officiating solutions, while expanding into media production robotics with the launch of the T-Motion division following the acquisitions of Telemetrics and XD Motion. These advancements empowered customers to deliver more immersive, efficient, and scalable productions for major global sports, news, and entertainment events. By unifying editorial, production, and distribution workflows, EVS reinforced its leadership in enabling creative storytelling and operational excellence worldwide.

LiveCeption®

EVS Solution: LiveCeption

Redefining Live Production,
Replays & Highlights

MediaCeption®

EVS Solution: MediaCeption

Connecting Content Creation,
Management & Monetization

MediaInfra®

EVS Solution: MediaInfra

Empowering Reliable, Flexible Broadcast Infrastructures

PowerVision®

EVS Solution: PowerVision

Mission-Critical Video & Data
for Officiating and Review

T-Motion®

EVS Solution: T-Motion

Redefine the Future of Media Production Robotics

Summary

2025 marked a pivotal year for EVS, as the company broadened its impact on live media technology through a dynamic blend of innovation, strategic expansion, and deeper integration across its solution portfolio. The evolution of LiveCeption® brought next-generation AI-powered replay and highlights to the forefront, enabling broadcasters and sports organizations to deliver richer, faster, and more immersive live experiences on a global scale.

MediaCeption® emerged as a truly unified ecosystem, connecting editorial and production teams through advanced asset management, newsroom automation, and seamless distribution. The integration of AI-driven workflows and partnerships – most notably with Cuez – empowered users to streamline operations, monetize content, and collaborate across platforms with unprecedented agility.

MediaInfra® continued to underpin the reliability and flexibility of broadcast infrastructures, supporting SDI, IP, and hybrid environments with robust control, routing, and real-time processing. The introduction of Tactiq, a modular, software-defined control room solution, brought new levels of scalability and automation to next-generation live production environments, reinforcing EVS’ reputation for future-ready solutions.

PowerVision® advanced the boundaries of officiating and review, leveraging AI and computer vision to deliver multi-angle analysis, enhanced decision-making, and expanded support for coaching and medical teams across a growing range of sports.

A defining milestone in 2025 was the launch of T-Motion, EVS’ new division dedicated to media production robotics. By integrating the expertise of Telemetrics and XD Motion, EVS has introduced automated camera and motion systems that are reshaping live broadcast and entertainment workflows, adding new dimensions of creative flexibility and operational efficiency.

Through these achievements, EVS enabled its customers to navigate the complexities of modern media production with confidence, creativity, and adaptability. The company’s commitment to innovation, collaboration, and strategic growth continues to shape the future of live media, delivering lasting value for clients and stakeholders worldwide.

Community of Users

Strengthening Our Community Strategy

In 2025, we advanced our mission to create a vibrant, connected EVS user ecosystem. Building on the foundation of our ambassador program, we expanded the EVS User Community Platform from an ambassadors only model to include all users of EVS solutions worldwide, ensuring broader access and engagement. This evolution reflects our commitment to trust networks, enabling engineers, operators, and implementers to collaborate and share expertise in a secure, inclusive environment.

Our strategy emphasized data-driven insights to guide meaningful interactions. By leveraging analytics and segmentation, we tailor our user onboarding experiences and engagement campaigns to meet the diverse needs of our global user base. Inclusivity remained a cornerstone of our approach, with initiatives designed to foster representation across roles, regions, and backgrounds.

Through co-innovation, we partnered with users to align platform capabilities with industry priorities - creating shared value and accelerating adoption of future-ready solutions.

Tracking User Sentiment

Understanding user sentiment is crucial for achieving successful results. In 2026, we plan to incorporate feedback loops into every phase of engagement, spanning from ambassador-led events to interactions on digital platforms. While the formal tracking of Net Promoter Score (NPS) remains a key indicator of customer satisfaction, we also gather qualitative insights through community discussions and post-engagement surveys. These efforts ensure that user perspectives actively shape our product development and service improvements. At EVS, while we aim to assess our performance, it is the deeper understanding of potential areas for growth that motivates us to pursue these valuable insights.

User Community NPS Score : 74

Supporting Professional Growth

Professional development continued to be a key pillar of our engagement strategy. We introduced the first versions of learning journeys within the community platform, connecting our users and taking the first steps toward integration with our Learning Management System to provide more structured training opportunities. Post-training engagement was reinforced through peer-to-peer Q&A sessions and ambassador-led workshops, creating a continuous learning environment that empowers users to grow their skills and advance their careers.

As we move forward, EVS is committed to fostering new pathways for our community of users worldwide to stay connected, and to increase their professional knowledge and experience through community-led activities.

Delivering Confident Outcomes

User feedback is at the core of decision-making at EVS. We recognize that meaningful input from our global user base is essential to driving continuous improvement and innovation. From user community platform engagements to user event planning, we prioritize transparency and responsiveness by actively soliciting and integrating user suggestions at every stage. Our commitment to openness is reflected in regular communications that detail how feedback shapes new features, community initiatives, and service enhancements.

Initiatives focus on actions through our EVS ambassador-driven engagement to ensure that our community is heard and valued for its insights. By analyzing user data and segmenting onboarding experiences, we tailor activities to meet the specific needs of diverse user groups, ensuring that every member receives relevant information and resources. Automated communication tools enable us to deliver timely updates and gather real-time sentiment, while our network of ambassadors acts as a bridge between users and EVS Team Members, hosting events and workshops where community members can share their experiences directly.

This feedback-driven approach strengthens trust and reinforces EVS’ reputation as a partner committed to user success. By embedding feedback loops into our processes, we empower users to influence the evolution of our platform and services. As a result, EVS continues to build a collaborative environment where users are confident that their voices matter, and where their insights directly contribute to the advancement of live production technology and professional development opportunities.

Testing our products with real users remains a strategic priority. Throughout the year, EVS organizes activities, invests in user testing events, and instills confidence in our solutions by ensuring each release is robust and reliable. Additionally, we strive to ensure that enhancements to our solutions meet the usability and experience standards expected by users, reflecting the EVS brand and our commitment to advancing live media production. Our core objective is to enable better and more creative storytelling through technology.

Looking Ahead

As we move into 2026, our focus is clear: to scale user community engagement to reach more users, and to foster a strong industry of professionals that help keep live production domains resilient.

Our customers

Over the past year, EVS’ products and solutions have been deployed worldwide, reflecting the trust our customers place in EVS as a long-term partner for mission-critical production workflows. From replays and highlights to content management, media infrastructure, video assistance for refereeing (VAR), and media production robotics, EVS supports the full production lifecycle, well beyond its established replay expertise. Our customers today include leading broadcasters, media organizations, service providers, and sports federations, all sharing a common need for speed, reliability, and future-ready performance in increasingly complex production environments.

Raising the bar for Live Sports and Entertainment Storytelling

EVS continues to be a reference partner for live sports and entertainment productions worldwide through LiveCeption®, its advanced replay and highlights solution.

Gravity Media, a leader in production, content, and media services, entered into a key agreement with EVS for the large-scale deployment of LiveCeption®. The rollout includes EVS’ XT-VIA® servers and LSM-VIA® replay systems across Gravity Media’s worldwide fleet. This investment significantly strengthens Gravity Media’s infrastructure, ensuring high performance, reliability, and scalability for premium sports, entertainment, news, and corporate events.

Our clients across the globe rest assured that we will always push the boundaries of creative and technical excellence that will allow them to tell their incredible stories. To that end, integrating the LiveCeption® solution boosts our replay and highlights capabilities while providing the flexibility to scale operations seamlessly across continents. Whether it’s a major sporting event, a live concert or production this partnership helps ensure we will always deliver consistent, premium experiences for our clients.” John Newton, Chairman and CEO of Gravity Media

Finepoint Broadcast Ltd., a long-standing EVS partner and leading dry-hire service provider, reinforced its commitment to cutting-edge technology with the acquisition of 25 XT-VIA® live production servers. As a cornerstone of LiveCeption®, XT-VIA delivers unmatched speed, reliability, and scalability, integrating seamlessly with LSM-VIA® and advanced tools such as XtraMotion®, which uses generative AI to create super slow-motion replays from any camera, cinematic depth-of-field effects, and enhanced motion clarity. This investment ensures Finepoint’s customers have access to industry-leading live production technology, enabling more engaging and immersive live content.

Redefining Speed and Collaboration in Modern Newsrooms

EVS’ MediaCeption® content management solution gained further momentum in the global news market, driven by its ability to support fast-paced, live, and collaborative newsroom environments.

A major milestone was the signing of a strategic agreement with the leading international news organization Al Jazeera Media Network. Under this contract, MediaCeption® was deployed across five key locations - Doha, London, Washington D.C., New York, and Sarajevo - to streamline and enhance news production workflows. The solution provides a unified environment for ingesting multiple live feeds, managing and editing content, and delivering news seamlessly as events unfold. Centralized storage and collaborative tools enable editorial teams to work efficiently across regions in real time.

We are pleased to work with EVS to bring MediaCeption® into our news production ecosystem. EVS’ proven track record of delivering fast and reliable solutions, combined with their global technical support presence, gives us the confidence to meet the challenges of modern news delivery.”Ahmad Al Fahad, Executive Director of Technology & Network Operations at Al Jazeera Media Network

In Germany, Norddeutscher Rundfunk (NDR), one of the country’s leading public broadcasters, selected MediaCeption® to support a unified, end-to-end newsroom workflow for ARD-aktuell’s Tagesschau, Germany’s flagship news program. Built on the VIA Media Asset Management Platform (VIA MAP®), the deployment enables efficient management and editing of live and nearlive content while introducing AI-driven workflows that support the ongoing modernization of Tagesschau’s newsroom operations.

Reimagining Control Rooms for a Software-Defined Future

EVS is helping broadcasters modernize their control rooms with its Flexible Control Room (FCR) solution and Tactiq, its modular interface launched in 2025 that has already earned industry recognition for its forward-thinking design.

Developed in close collaboration with RTBF, the solution is being deployed in the Belgian public broadcaster’s new all-IP production hub. Designed as a fully software-driven environment, FCR unifies the control of audio, video, and graphics within a single, flexible interface. This approach simplifies complex workflows, improves operational efficiency, and gives operators greater adaptability and creative freedom in a rapidly evolving media landscape.

Enabling Seamless Transitions to Next- Generation Media Infrastructure

EVS MediaInfra solutions support the ongoing transition from SDI to IP, by allowing organizations to upgrade their infrastructure gradually, without disrupting daily operations.

In Argentina, Telefe, the country’s leading free-to-air broadcaster, selected EVS’ Strada router, controlled by the Cerebrum management system, to support its transition to IP-based production. Strada acts as the central “traffic controller” for audio and video signals, whether they are using legacy technology, IP networks, or a combination of both. This flexible approach allows Telefe to continue operating as usual today, while progressively transitioning to IP at its own pace.

EVS MediaInfra solutions are also being used beyond traditional broadcast environments. At Gillette Stadium, home of the New England Patriots, EVS technology supports a fully IP-based production hub that powers the largest outdoor curved videoboard in the United States. By combining MediaInfra with EVS’ live production tools, the stadium has streamlined its production workflows and delivers engaging, high-quality live content to fans, enhancing the in-venue experience.

Advancing Fairness and Precision in Professional Sport

EVS continues to play a key role in enhancing fairness and accuracy in sports through PowerVision® solutions.

The Royal Belgian Football Association (RBFA) selected EVS’ Xeebra® video review system to power Belgian football’s new centralized VAR (Video Assistant Referee) Center, implemented in collaboration with EMG. By centralizing VAR operations, RBFA equips referees with advanced tools that enable fast, precise, and consistent decision-making across competitions.

This investment represents a significant leap forward in our commitment to innovation and fairness in football. By centralizing our VAR operations with EVS’ Xeebra technology, we are equipping our referees with the most advanced tools available - ensuring more accurate decisions and reinforcing Belgian football’s position as a leader in integrity and technological excellence.” Peter Willems, CEO of the RBFA

Together, these customer engagements illustrate how EVS continues to support the world’s leading media and sports organizations in transforming their operations - delivering reliability today while enabling innovation for the future.

NPS: A clear endorsement from our customers

We use the Net Promoter Score (NPS) as a key indicator of customer satisfaction and loyalty, helping us track how well we meet and exceed customer expectations. In 2025, our NPS was independently measured by Devoncroft Partners as part of their annual Big Broadcast Survey (BBS), the largest global study of the broadcast and media technology sector.

Our company achieved an impressive NPS of 45.2, significantly higher than the industry average of just below 20. This score places us in the top 15% of companies in our industry.

ESG-Focused Customer Experience

As an integral part of our ESG strategy, we actively seek customer feedback on the sustainability of our products and solutions. This allows us to incorporate customer requests and sustainability considerations directly into our product development and service offerings, ensuring our solutions continue to meet evolving client and environmental needs.

In 2025, we concentrated on improving direct communication of our ESG initiatives to customers. Particular emphasis was placed on highlighting the ESG features of our products during customer communications, ensuring transparency and clarity regarding our sustainability efforts. Additionally, we developed an intelligent assistant to support our pre-sales team, enabling them to respond to ESG-related requests for proposal (RFP) questions with the most up-to-date information available within the company.

To further enhance our product development process, we introduced a dedicated ESG tag within our product management process, from Ideation to delivery. This feature streamlines the identification of ESG improvement ideas and customer requests, enabling more effective integration of sustainability considerations into product innovation.

Media Climate Accord

At the end of 2025, we joined the Media Climate Accord (MCA), a global initiative led by the Media Tech Sustainability Series (MTSS) aimed at reducing carbon emissions and promoting sustainability in the media industry. This step aligns with our ESG Strategy and commitment to reducing the environmental impact of live production solutions. As a leader in live video technology, we recognize our industry’s footprint and the need for collective action. By joining the MCA, we commit to making sustainability an integral part of all stages of production and distribution, demonstrating that technological advancement and environmental responsibility can go hand in hand.

EVS Channel Partners

The EVS Channel Partner network is vital for extending market reach and delivering exceptional customer experiences worldwide. Through a structured program, EVS empowers partners with training, certifications, and go-to-market initiatives, ensuring technical excellence and business growth. Activities include partner summits, webinars, advanced product training, and collaborative sales planning. By fostering strong relationships and enabling partners to deploy complex solutions confidently, EVS drives innovation and scalability, reinforcing its leadership in live production and media technology.

Strengthening Channel Portfolio and Capabilities

Through the acquisitions of XD Motion and Telemetrics in 2025, EVS created the T-Motion robotics solution group, and expanded its network of Channel Partners. Media production robotics requires specialized skills in terms of deployment, maintenance, and services in general. EVS collaborates with its Channel Partners to define the solutions for which they wish to pursue specific qualifications and certifications to effectively support T-Motion deployment. Together with T-Motion Channel Partners, and thanks to the recruitment of new experts in the different regions, EVS will strengthen the level of service provided for this kind of solution and progressively become a media robotics solution leader

Key Achievements

All regions delivered breakthrough wins and achievements, driving growth across the overall Channel business during the year. In North America, partners Diversified, Applied Electronics, Clark Productions, and Beck TV enabled EVS to expand into new market segments. In EMEA (Europe, Middle East, and Africa), Broadcast Solutions, Qvest, Rexfilm, Twenty4Seven, and Media Tailor were key to our Channel success. Notably, the EMEA Channel drove major wins with our Move family of standalone ingest, playback, and transcode products, derived from the previous year’s acquisition of MOG Technologies. Meanwhile, in APAC (Asia-Pacific), partners including Amber, Photron, Namsung, New Digital Technology (NDT), and Guanhua Xinda all made significant contributions to the EVS business.

Also in 2025, EVS strengthened its collaboration with Qvest through a strategic partnership to deploy the next-generation Flexible Control Room (FCR) solution. By combining EVS’ live production innovation with Qvest’s integration and change management expertise, this alliance enables broadcasters to transition to scalable, software-defined workflows. Introduced at IBC2025 with the Tactiq interface, FCR empowers dynamic and collaborative production environments, ensuring operational agility and creative flexibility for live and on-demand content worldwide.

Revenue Growth and Market Expansion

In 2025, EVS once again successfully grew its global indirect channel revenues. This growth was led by North America, where onboarding new partners and winning opportunities together helped expand and further diversify the business with new customers. In particular, North America saw substantial growth in its Stadium and University venue business, while continuing to forge ahead in segments beyond sports, including Corporate, House of Worship, Government, and News.

Future Strategies

EVS is empowering Channel Partners and end-customers to navigate the SDI-to-IP transition by delivering hybrid-ready solutions that ensure seamless integration, operational continuity, and future-proof scalability across broadcast workflows. By leveraging the new Flexible Control Room and T-Motion solutions, EVS enables Channel Partners to deliver software-defined workflows and advanced media robotics capabilities, while simultaneously enhancing support and service excellence. Furthermore, EVS is evolving its Channel Partner Program through strategic investment in centralized program management and sales enablement resources. This initiative expands the portfolio of sales tools, certification training modules, and support activities available to partners. By equipping regional Channel Partner Managers with these enhanced resources, EVS enables more effective collaboration with partners, driving their success in delivering innovative solutions and exceptional customer experiences.

EVS Team

At EVS we recognize that our Team Members are the driving force behind our success. Their expertise, well-being, and performance directly influence our reputation, enhance customer satisfaction, and contribute significantly to our financial results.

Beyond the many benefits and opportunities we offer, we pride ourselves on successfully cultivating a corporate culture that Team Members are excited to remain part of. A culture where they are valued, innovation thrives, and customer success is achieved.” Pierre Matelart, Chief People Officer

Headcount

444 based
in HQ

  • HQ

41%
in R&D

  • R&D

Distribution
by gender

  • Male
  • Female

Breakdown by region

  • NALA
  • EMEA
  • APAC

tmNPS
score

0

New Team Members
in 2025

0

Engagement
survey score

0%

From left to right: Soumya Chandramouli, Michel Counson, Frédéric Vincent, Anne Cambier, Johan Deschuyffeleer (Chairman), Martin De Prycker, Chantal De Vrieze, Marco Miserez and Serge Van Herck (CEO).

Board of Directors

The EVS Board of Directors establishes, guides, and oversees EVS’ strategic direction. Its responsibilities include strategic planning, risk management, executive compensation, and compliance. Comprising 9 highly-qualified members with diverse expertise across various domains, the Board convenes a minimum of six times annually to discuss these matters.

The EVS Board of Directors meets gender diversity criteria, with three women serving on the Board.

Diversity at Board level

EVS Leadership Team

The Leadership Team takes on the operational responsibility for EVS’ activities and acts under the supervision of the Board of Directors.

We firmly believe that a vibrant and energetic Leadership Team is key to the company’s growth and stability. This team, operating under the CEO’s supervision, consists of key leaders from diverse positions and regions.

From left to right: Veerle De Wit (CFO), Nicolas Bourdon (CCO), Pierre Matelart (CPO), Xavier Orri (CXO), Serge Van Herck (CEO), Oscar Teran (EVP Markets & Solutions), Alex Redfern (CTO)

EVS Skippers Team

The EVS Skippers Team was launched in 2020 at the initiative of the Leadership Team. Composed of the Leadership Team’s direct reports, it was initially created to strengthen communication between leadership and all Team Members across the organization.

At the end of 2023, the Skippers Team was further empowered to evolve into a truly cross-functional group, becoming a key driving and transformational force in the pursuit of our BHAG. EVS continues to place this community of leaders in the spotlight, reinforcing their role and impact in support of our growth ambitions.

Two Skippers Team Coordinators have been appointed to foster collaboration and shared ownership within the group. Their primary mission is to encourage interaction and teamwork among Skippers from different departments.

Also, the Skippers gather at the beginning of each year to align on EVS’ strategic objectives and to strengthen cohesion and collaboration across departments, building on our shared Deliver, Accelerate, Re-shape, and Empower (DARE) values.

Local communities

As an international company with a strong local presence in several regions of the world, we want to contribute to making the communities around us better every day. We encourage our Team Members to get involved with charities, and we also contribute to local communities at a corporate level by providing resources to support their ambitious projects.

Supporting Our Local Communities

In 2025, EVS continued to take pride in its role as an essential supporter of local communities in the Liège region. Our sponsoring efforts are focused on education, sport, and culture.

We support institutions such as the Opéra Royal de Wallonie and the Théâtre de Liège, as well as numerous associations including CoderDojo, ELA, Rucher, Lège créative, AILG, CAP 48, and others. In 2025, a total of €290,000 was donated to these various associations.

At EVS, we also empower our Team Members to make a tangible impact on the causes they care about most. Every Team Member has the opportunity to donate €100 per year to the association of their choice through our individual sponsoring initiative. In 2025, EVS proudly donated a total of €40,800 through this initiative to various associations based in Belgium and across the globe.

Charity Days

In 2025, EVS continued to follow the Charity Day policy that was implemented at the end of 2022. Each Team Member is allocated 1 day off per year to take part in volunteer work with an organization that supports a cause that is meaningful to them.

Our objective is to reach 80% participation in Charity Days across the company by 2030.

This year a total of 162 Charity Days were taken by our Team Members.

EVS Shareholders

Insights into our Shareholder Base

The shares of EVS are largely public, with a free float of 93%, meaning the vast majority are publicly traded. About half of the shares are owned by retail shareholders, though we have witnessed a slight shift toward a higher proportion of institutional shareholders. Our institutional shareholder base is also gradually becoming more international.

Our shareholder base is reasonably stable, with a significant number of long-term investors.

Our shareholder base is highly diverse, which demonstrates the importance of addressing EVS investors through different communication approaches.

Institutional Investors

To address the needs of institutional investors, a considerable amount of time has been invested in ensuring that our market – the Live Media Industry – is clearly explained. We have clarified the market potential, the competition, and the dynamics of our industry, allowing investors to better grasp our growth potential. We have also refined our equity story to highlight tangible growth areas.

We recognize that our equity story still requires further refinement. First, because we see the Live market expanding beyond the traditional media industry. Second, because we want to highlight the importance of software within our solutions. We will continue to develop our equity story in 2026.

We address our institutional investors in different ways. We hold regular in-person meetings with our larger institutional investors, for instance following result announcements. In addition, we actively participate in national and international roadshows to ensure we reach both existing and potential new institutional investors.

Retail Investors

To address the needs of our retail investors, we actively participate in conferences, mainly organized at a national level. These events allow EVS to present a concise overview of the company, as well as direct access for private investors to both the CEO and the CFO. Generally, we also take advantage of the venue to demonstrate some of EVS’ capabilities through demonstrations.

Working with Analysts

We maintain frequent contact with our analysts to stay connected with existing investors and to reach new retail investors. EVS traditionally has four analysts covering the company; however, in 2025, we welcomed a fifth market analyst. In May 2025, TP ICAP (based in France) initiated coverage of EVS. All our analysts have in-depth knowledge of the company. We discuss our results on a quarterly basis and remain available for ad hoc questions. The analysts generally provide a thorough and independent analysis of our company, helping retail investors better understand how the company is performing.

Institutional Shareholder Tour

In 2025, EVS invited its institutional shareholders, analysts, and potential new investors to the IBC trade fair in Amsterdam. This event offered a unique opportunity to experience the vibe of a major broadcasting exhibition, gain a deeper understanding of EVS’ offerings, and discover the other stand holders. It proved to be a highly engaging experience.

In 2026, EVS plans to host another Investor Day, combining insights into the market dynamics of the live media industry, an overview of our solutions (including T-Motion), EVS’ market position, and the rationale behind our growth ambitions and strategic objectives.

General Shareholder Information

Stock Market and Listing

EVS shares are listed on the Euronext Live Market in Brussels under ISIN code BE0003820371. The first listing took place in October 1998 at a price of EUR 7.44 (EUR 37.20 before a stock split on June 5, 2005).

EVS is, among others, part of the Euronext BelMid and Euronext Tech Leaders indices. EVS is also eligible for both the Equity Savings Plan in France (PEA plan) for residents, and for the Equity Savings Plan for Small and Medium- Sized Enterprises in France ( PEA-PME plan).

In 2025, the EVS share price reached a maximum value of EUR 39.10 on March 18 and May 13, and a minimum value of EUR 29.50 was recorded on April 7. On December 31, 2025, EVS had a market capitalization of EUR 528.0 million, with a share price of EUR 36.85. Overall, the value of EVS shares increased by 19.1% in 2025.

EVS Shares

EVS capital is represented by 14,327,024 shares without a nominal value.

Since December 15, 2011, EVS shares have been dematerialized (registered or book-entry shares). Any bearer securities issued by the company, which had not yet been registered on a securities account, were automatically converted into book-entry securities as of that date.

Dividends

EVS considers it important to provide its shareholders with long-term perspectives detailing their return on investment. Within this framework, the dividend policy is a key component of shareholder engagement, with EVS typically providing visibility over a 3-year horizon.

As part of the new capital allocation framework defined at the beginning of 2025, EVS has implemented a new dividend policy for the period 2025-2027, setting the annual dividend at EUR 1.20 per share for the next 3 years. This renewed base dividend policy represents an increase of EUR 0.10 per share (or 9.1%) compared to the previous policy 2022-2024.

In accordance with the defined capital allocation strategy, and in the event of any residual excess cash, the company may consider launching ad-hoc initiatives such as special share buyback programs or special dividend payouts.

Dividend distributions are subject to approval by the General Assembly, and changes in market conditions or company dynamics may impact the final dividend proposal.

In € per fiscal year, per share FY2025 FY2026 FY2027
Base dividend 1.20 1.20 1.20
Special dividend TBD TBD TBD
Total dividend 1.20 1.20 1.20

Generally, dividends are paid in two installments: an interim dividend at the end of November and a final dividend in May, following approval at the General Meeting.

For the year 2025, a total dividend of EUR 1.20 will be proposed at the Ordinary General Meeting on May 19, 2026, in line with the new guidance issued in 2025.

Of the total EUR 1.20 dividend proposal, EUR 0.60 was distributed as an interim dividend in November 2025. If approved by the Ordinary General Meeting, the remaining gross dividend of EUR 0.60 will be paid on May 29, 2026, against coupon #40 (ex-date: May 27, 2026; record date: May 28, 2026).

Shareholding

Shareholders have an obligation to report the percentage of EVS shares they hold when their ownership crosses the threshold of 3%, in either direction (a condition imposed by the articles of association), as well as for any multiple of 5% (as required by the Companies Code).

Shareholding percentages must be calculated based on the number of outstanding shares (14,327,024 shares as of year-end 2025).

As of December 31, 2025, the shareholding structure of EVS Broadcast Equipment was as shown in the chart below (based on recent statements received by the company and the treasury shares position as of December 31, 2025).

EVS Shareholders (in %)

For further shareholding details, please refer to the Statement of Corporate Governance in the second part of the annual report.

General Meetings

EVS holds its Ordinary General Meeting on the third Tuesday of May. Shareholders are invited to participate, with all practical instructions published one month prior to the meeting.

To promote interaction between the company and its shareholders - and to know and serve them better - and in accordance with Article 24 of the articles of association, EVS requires proxies for participation in its General Meetings to be signed by the actual ultimate beneficial owner.

Proxies issued by a custodian or sub-custodian must therefore be accompanied by a power of attorney duly signed by the ultimate beneficial owner granting authorization to exercise their rights. In the interest of good governance, this requirement is strictly applied.

Financial Services

Dividends are payable through ING BANK SA, which is the sole paying agent within the Euroclear Belgium (ESES) dematerialized system.

ING BANK SA
Avenue Marnix, 24
1000 Brussels
Belgium

Information Access

The group website (www.evs.com) provides general information on the company and its products, as well as financial information, corporate governance rules, and annual reports.

A special investor relations section offers dynamic views of our financial results and sustainability data, along with stock and dividend information.

All legal documents are available at the company’s head office, or on its website.

EVS has adopted a “quiet period” policy, which limits communication with investors during sensitive periods to basic, historical and non-time-specific information. This quiet period begins one month before earnings publication and ends on the earnings release date.

EVS values the interest of its shareholders in the company and believes this policy ensures a balanced approach between business needs and transparent communication with long-term, new, and potential investors.

€676,035

Liquidity – average daily volume on the stock market (EUR)

44%

Payout ratio
(% of basic EPS)

3.4%

Dividend Yield (%)

1.2€

Gross Dividend per Share after split (EUR)

19,151

Liquidity – average volume on the stock market (number of shares)

Shareholders' calendar

  • May 19, 2026: Ordinary General Meeting

  • May 21, 2026: Q1 2026 results (post-market publication)

  • August 18, 2026: Q2 2026 and 1H 2026 results (post-market publication)

  • November 17, 2026: Q3 2026 results (post market-publication)

The Annual Report (management report, accounts and notes) is available on the EVS website (www.evs.com).

A paper copy can be obtained on request.

Version française disponible via ce lien.

Contact

Veerle De Wit, CFO

EVS Broadcast Equipment SA

+32 4 361 70 00

corpcom@evs.com