Agfa-Gevaert Q3 Misses: EBIT Loss, Cash Flow to Worsen in 2026

Agfa-Gevaert reported Q3 results below expectations: gross margin fell 7% to €49M, adjusted EBIT swung to a €4M loss, and net loss widened to €24M. Management guided 2026 free cash flow to be more negative than 2025, citing the absence of one-off AgfaPhoto inflows and higher transformation and silver costs. The miss and negative cash outlook signal continued operational strain, with silver price inflation adding cost pressure.

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