30, Mar 2026
Virtualware Reports Audited 2025 Results: Margin Improvement and Record Bookings
Gross margin rises to 93.7%, EBITDA reaches €672K (15.53% margin), and the company moves to a pro forma net cash position
Bilbao, March 30, 2026.- Virtualware (Euronext Growth Paris: ALVIR) closed 2025 with a gross margin of 93.7%, up from 86.8% in the prior year, and EBITDA of €672,626 (15.53% margin), according to audited annual results filed today with Euronext.
The figures confirm the operational picture outlined in the February preliminary communication and show margin improvement, reflecting discipline and resilience throughout the year.
Audited revenues reached €4.32 million, in line with the preliminary figure. The EBITDA improvement from the €598,500 (13.8%) reported in the unaudited release reflects the final allocation of depreciation and subsidy recognition under the audited close.
The gross margin expansion was driven by the growing weight of software and XRaaS in the revenue mix and a reduction in direct costs.
The VIROO XRaaS line, which includes the international commercialization of the company’s proprietary VIROO platform, contributed €1.95 million. Annual bookings reached a record of over €8 million, driven primarily by government and nuclear projects.
“The audited results confirm that our model delivers both operational discipline and financial flexibility. We enter 2026 with the strongest liquidity position in our history, a record backlog, and expanding margins. This combination allows us to invest selectively while maintaining the financial sustainability that has defined our trajectory,” said Unai Extremo, CEO of Virtualware.
Net financial debt was approximately €2.70 million as of year-end 2025. However, a €6.22 million payment received on January 8, 2026, corresponding to a receivable on the balance sheet, enabled the company to repay debt and move to a pro forma net cash position.
This post-closing event normalizes working capital and strengthens financial flexibility for selective growth. It does not affect the 2025 income statement.
In June 2025, Virtualware uplisted to Euronext Growth Paris under the ticker ALVIR, broadening its market access and investor visibility.
The company enters the final year of its 2024-2026 Strategic Plan supported by a record backlog, expanding gross margin, operational discipline, and a post-collection cash position that enables selective investment and prudent capital allocation.
Founded in 2004, Virtualware is one of the leading companies in enterprise software based on immersive and 3D technologies for industry and education.
Virtualware serves global organizations and institutions including GE Vernova, Volvo, Gestamp, Alstom, ADIF, Bosch, Biogen, Kessler Foundation, Invest Windsor Essex, McMaster University, the University of El Salvador, Ohio University, the Spanish Ministry of Defense or the Basque Government.
The company’s headquarters are in Bilbao, Spain, with offices in Orlando, US, Toronto, Canada, and Skövde, Sweden.
Investors can consult the company’s Equity Story by clicking on the following link.
An investor conference will take place on April 14th online. Investors can join the following link:
https://virtualwareco.com/investors/call/
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- By Neel Achary
30, Mar 2026
Udaan Gears Up for IPO; SoftBank Bets Big on OpenAI
Bengaluru-based e-commerce unicorn Udaan has raised $114 million in its latest funding round, bringing its total capital to over $2 billion as it prepares for a planned IPO in 2026. The B2B platform, which connects small retailers with suppliers across India, plans to use the new funds to expand into fast-moving consumer goods and the HoReCa sector, while strengthening its core operations ahead of going public.
Meanwhile, Japanese tech giant SoftBank has secured a $40 billion loan to fuel its ambitious investments in OpenAI. The massive facility underscores SoftBank’s commitment to artificial intelligence and positions the company to make further strategic bets in the rapidly evolving AI landscape.
Together, these moves show how startups and global investors are actively shaping the next wave of growth in e-commerce and artificial intelligence, blending ambition with strategic foresight.
30, Mar 2026
PayNearby launches UPI Cash Point for cardless cash withdrawals at local retail stores across semi-urban and rural India
Mumbai, Mar 30: While UPI has transformed digital payments, access to cash remains essential, especially in semi-urban and rural areas. To address the need, PayNearby, Bharat’s leading branchless banking and digital financial network, has introduced UPI Cashpoint, enabling customers to withdraw cash using UPI QR at nearby retail stores, without the need for a debit card or Aadhar authentication.
With this launch, customers can use their smartphone to scan UPI QR code at the local retail store, enter the amount, authenticate the transaction, and receive cash instantly.
PayNearby has enabled this service in partnership with IndusInd Bank, which powers the backend infrastructure for UPI-based cash withdrawals across its vast retail network. This allows customers to access cash through local stores in a simple and familiar manner, without the need to carry cards or remember Aadhaar details.
Customers can initiate withdrawals through third-party UPI apps (TPAPs), including PayNearby Saathi (in partnership with YES Bank) and other supported UPI applications. Designed to bring more users onto UPI, these apps offer a simple cash withdrawal experience, supported by on-ground handholding at retail stores.
As UPI evolves beyond payments, its role in enabling broader access to financial services is becoming more pronounced. In many parts of Bharat, access is not only about digital infrastructure, but also about trust and familiarity. By combining UPI with assisted service models through neighbourhood retailers, UPI Cashpoint brings together digital capability with on-ground accessibility, enabling customers to access cash through familiar local stores.
With a per transaction limit of ₹5,000, a daily limit of ₹10,000, and a monthly limit of ₹50,000 for customers, the service is designed to support everyday cash needs. The solution does not require any additional device or infrastructure at the retailer’s end, reducing the cost of setup and making cash withdrawal services easier to scale across existing neighbourhood stores.
Commenting on the launch, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, said,
“UPI has become a foundational layer for digital payments in Bharat, and its role is now extending beyond transactions to enabling access. With UPI Cashpoint, we are enabling customers to access cash through trusted nearby retail stores using a simple UPI flow. This reflects how digital infrastructure can be adapted to meet everyday needs, while working closely with our banking partners to strengthen access and participation at the last mile.”
For retailers, UPI Cashpoint creates additional engagement and earning opportunities through increased footfall and transaction-led income. For customers, it brings essential financial services closer to where they live and transact, supported by familiar local interfaces.
PayNearby operates across 20,000+ PIN codes, enabling access to banking and digital services through local retail networks. UPI Cashpoint builds on this network by extending everyday cash access through an assisted retail network across Bharat.
30, Mar 2026
Dhurandhar 2 and Ranveer Singh drive Micro Wellness’ entertainment-led brand strategy for DOLO Pain Relief Spray
Bengaluru, Mar 30: Micro Wellness, the wellness division of Micro Labs Limited, has partnered with Dhurandhar 2, a major 2026 action release starring Ranveer Singh, to promote its flagship product, DOLO Pain Relief Spray. The collaboration reflects the brand’s strategy to leverage high-impact entertainment to connect with India’s active and aspirational consumers.
Built around the theme “The Unstoppable Indian”, the campaign draws from the film’s narrative of resilience and determination, aligning with Micro Wellness’ mission to deliver fast, effective pain relief for action-ready lifestyles. The brand aims to position itself as a trusted companion for individuals pushing through physically demanding routines.
The campaign will roll out nationwide across multiple geographies — Hindi, Tamil, Telugu, and Kannada —to maximize reach and engagement. A digital activation, #PainReliefKaDhurandhar, will invite consumers to share their stories of grit and perseverance, driving meaningful interaction, especially among younger audiences.
Commenting on the partnership, Ms. Diya Surana, Head – Micro Wellness, said:
“Our collaboration with Dhurandhar 2 celebrates the unstoppable spirit of today’s India. With DOLO Pain Relief Spray, we aim to empower individuals to stay active, resilient, and unstoppable.”
Amid rising demand for convenient, on-demand pain relief driven by increasingly active lifestyles, Micro Wellness expects this high-impact collaboration to significantly enhance brand visibility, deepen consumer trust, and drive strong double-digit growth across key markets.
30, Mar 2026
Bengaluru EdTech Startup Oratrics Strengthens Global Footprint with Singapore Expansion
Mar 30: Bengaluru-based EdTech startup Oratrics: The Future Human School has announced its strategic expansion into Singapore, further strengthening its growing global presence after establishing operations in the United States and India. The move marks a significant milestone in the company’s mission to transform how children and young leaders develop communication, confidence, leadership, and global personality skills.
30, Mar 2026
MSMEs Seek Relief as Global Crisis Raises Costs and Uncertainty
Micro, Small and Medium Enterprises (MSMEs) across India are facing increasing pressure due to the ongoing tensions in West Asia, which have disrupted global trade and pushed up fuel prices. As logistics costs rise and supply chains become uncertain, small businesses—often operating with limited financial buffers—are among the hardest hit.
Pic Credit: Pexel
One of the main reasons MSMEs need relief is the sharp increase in transportation and raw material costs, driven by volatile crude oil prices. Higher freight charges, insurance premiums, and delays in shipments are making it difficult for exporters to remain competitive. At the same time, domestic inflation is raising operating expenses, squeezing already thin profit margins.
The primary objective of government relief measures is to stabilise these businesses and prevent job losses. Support packages aim to reduce cost burdens, ensure easier access to credit, and maintain steady production and exports. Protecting MSMEs is also crucial because they contribute significantly to employment and play a key role in sustaining local economies.
With timely intervention, the government hopes to shield small enterprises from global shocks while ensuring continuity in economic activity during a period of uncertainty.
30, Mar 2026
Subhadra Scheme Drives Financial Inclusion and Economic Gains in Odisha
Odisha’s flagship Subhadra Direct Benefit Transfer (DBT) scheme is emerging as a key driver of women’s empowerment and economic stability in the state. Designed to strengthen financial independence among women, the initiative is showing measurable improvements in household resilience and participation in the local economy.
According to a recent report by State Bank of India Research, beneficiaries of the scheme have recorded a 45% increase in savings and a 28% rise in spending. These trends indicate not only improved financial security but also greater confidence in managing household finances.
The Subhadra scheme, which provides direct financial support to women, is helping expand access to formal banking systems while encouraging regular savings habits. Increased spending among beneficiaries is also contributing to local economic activity, particularly in rural and semi-urban areas.
Experts note that such targeted DBT initiatives play a crucial role in promoting inclusive growth by ensuring that financial resources reach women directly. This, in turn, enhances their decision-making power within households and supports long-term socio-economic development.
The Odisha government has positioned the scheme as part of a broader strategy to improve livelihoods, reduce financial vulnerability, and strengthen grassroots economic participation. Early indicators suggest that the initiative is not only uplifting individual households but also contributing to the state’s overall economic momentum.
30, Mar 2026
Noida International Airport Launch Marks Major Infrastructure Push in Uttar Pradesh
Prime Minister Narendra Modi inaugurated the Noida International Airport at Jewar, marking a significant step in Uttar Pradesh’s infrastructure growth. With this addition, the state now ranks among those with the highest number of international airports in India.
Pic Credit: https://x.com/PMOIndia
Describing the occasion as important for both the state and the country, he said the airport reflects the broader vision of a developed Uttar Pradesh contributing to a developed India. He also noted his long-standing association with the state, emphasizing that the project strengthens its identity at a national and global level.
The airport is expected to improve connectivity across western Uttar Pradesh, benefiting cities such as Agra, Mathura, Aligarh, Ghaziabad, Meerut, Etawah, Bulandshahr, and Faridabad. It is likely to create new opportunities for farmers, small businesses, and young people in the region, while also supporting trade and travel.
Referring to global challenges, Modi mentioned ongoing tensions in West Asia and their impact on supplies of essential commodities like fuel and fertilizers. He said the government is taking steps to reduce the burden of such disruptions on citizens.
He also highlighted recent development projects in the region, including a semiconductor facility in Noida, expansion of metro services in Meerut, and the progress of the Namo Bharat rail corridor. These initiatives, he said, are strengthening connectivity and supporting economic growth.
The airport project was originally approved in 2003 during the tenure of former Prime Minister Atal Bihari Vajpayee and has now been completed after gaining momentum in recent years. It is expected to emerge as a key aviation hub for North India.
30, Mar 2026
Prime Video Sets April 17 Premiere for Vijay Varma’s Matka King
Mumbai, Mar 30: Prime Video, India’s most loved entertainment destination, today, celebrated Vijay Varma’s birthday by announcing April 17 as the worldwide premiere date of his upcoming Prime Original drama Matka King. Created and written byAbhay Koranne and created and directed byNagraj Popatrao Manjule, this compelling series is set in the fast-changing Bombay of the 1960s and traces the fictional journey of an enterprising cotton trader who creates a new gambling system, dubbed ‘Matka’, turning an elite pastime into a nationwide phenomenon. The series is produced bySiddharth Roy Kapur, Nagraj Popatrao Manjule,Gargi Kulkarni,Ashwini Sidwani, andAshish Aryan, under the banners of Roy Kapur Films, Aatpat, and SMR Productions. Matka King featuresVijay Varma,Kritika Kamra,Sai Tamhankar,Siddharth Jadhav,Bhupendra Jadawat, andGulshan Grover in lead roles along withVineet Kumar Singh,Bharat Jadhav,Girish Kulkarni,Jamie Lever,Kishor Kadam,Cyrus Sahukar, Arpita Sethia,Sambhaji Tangade,Ishtiyak Khan,Sanjivv Jotangia, andSimran Ashwini in pivotal roles. The series is set to premiere exclusively on Prime Video, in India and across 240 countries and territories worldwide on April 17.
Matka King follows Brij Bhatti, a sharp-minded and enterprising cotton trader, played by the dynamic Vijay Varma, who navigates the fast-changing landscape of 1960s Bombay in pursuit of legitimacy and respect. Set against a world of bustling markets, crowded chawls, and shifting power dynamics, what begins as an ambitious idea soon takes on a life of its own, drawing in people across social strata. As aspirations grow and stakes rise, the series unfolds into a gripping narrative shaped by ambition, power, and belonging.
“Matka King is a gripping story of one man’s journey to succeed against all odds in a changing world, told in a way that will surprise audiences,” said Nikhil Madhok, director & head of Originals, Prime Video, India.“The tale of Brij Bhatti’s rise as the Mata King is equal parts fascinating and cautionary. We are thrilled to have partnered with Roy Kapur Films, Aatpat, and SMR Productions to bring this bold story to viewers worldwide on April 17”
Siddharth Roy Kapur, co-producer for Matka King, shared,
“What drew us to Matka King was the scale and uniqueness of the world it is set in, and the story of an individual navigating ambition, identity, and the pursuit of respect in a rapidly evolving society. It is a narrative rooted in a specific time and place, yet universally relatable in its exploration of human aspirations and choices. Combining forces with Nagraj Popatrao Manjule, whose extraordinary work I have always admired has been extremely rewarding. And the talented Abhay Koranne, who we have successfully collaborated with before, has brought a distinct creative vision and authenticity to the storytelling. With a stellar ensemble led by Vijay Varma, Kritika Kamra, and Gulshan Grover, the series is brought to life with remarkable depth and nuance. We are delighted to deepen our collaboration with Prime Video on this ambitious project and look forward to bringing Matka King to audiences starting April 17, only on Prime Video”
30, Mar 2026
KIMS Cardiologist Receives National Recognition at INDIA LIVE 2026
Visakhapatnam, Mar 30: Dr. Ganesh Kasinadhuni, Chief Interventional Cardiologist at KIMS Hospital, Seethammadhara, has received national recognition at INDIA LIVE 2026, one of the country’s most prestigious conferences in the field of interventional cardiology. He was honoured with the “Top 5 Best Cases Appreciation Award” for his outstanding clinical presentation. The conference witnessed participation from leading cardiologists across India, with over 1,000 complex cases submitted from various institutions. Of these, only around 250 cases were selected for oral presentation, reflecting the highly competitive nature of the event.
Dr. Kasinadhuni, who also served as a member of the national faculty, presented a complex cardiac case managed at KIMS Hospital. The case involved severe calcific blockages in the coronary arteries, particularly in the challenging left main bifurcation region. He detailed the successful management strategy adopted to treat this high-risk condition.
The procedure involved advanced techniques such as calcium modification and plaque disruption using rotablation and intravascular lithotripsy. The intervention was further guided by Optical Coherence Tomography (OCT), an advanced imaging modality, enabling precise stent placement and optimal clinical outcomes.
His presentation was widely appreciated by peers for its clinical depth, structured approach, and educational value. In recognition of its significance and impact, the case was selected among the top five presentations and honoured during the valedictory session of the conference.
This achievement underscores KIMS Hospitals’ commitment to delivering advanced cardiac care and highlights its leadership in adopting cutting-edge techniques in interventional cardiology.
