-- U.S. sales +49% in 2025 (+56% at constant exchange rates) -- First deliveries of JAZZ$(R)$ to China following CFDA approval, totaling EUR0.5 million BORDEAUX, France & BOSTON--(BUSINESS WIRE)--January 13, 2026--
Regulatory News:
IMPLANET (Euronext Growth: ALIMP, FR0013470168, eligible for PEA-PME), a medical technology company specializing in implants for orthopedic surgery and the distribution of advanced medical equipment, today announces its full-year 2025 revenue as well as its cash position as of December 31, 2025.
Ludovic Lastennet, CEO of IMPLANET, stated: "We delivered a very strong commercial performance in 2025, with revenue of EUR12.5 million, representing +33% growth compared with the same period last year, thereby confirming the relevance of the development model we have been implementing for the past two years. Building on six consecutive quarters of sustained growth, we are firmly confident in the outlook for the coming quarters. The strong momentum in implant sales, up +36% in the fourth quarter, has been driven by the continued opening of new accounts in the French market, the expansion into new export countries, and the first JAZZ surgeries performed in China. The distribution of medical equipment, which is experiencing strong growth, provides effective diversification and now represents 31% of our total revenue. The addition of robotics to our commercial offering, which does not require additional R&D investment, will rapidly position us as a global player. On the strength of these solid foundations, we remain focused on accelerating our sales in the United States and are continuing our commercial efforts now that our entire JSS range has received FDA clearance. Finally, we extend our best wishes for 2026 and reaffirm our full commitment to pursuing IMPLANET's growth trajectory".
Full-Year 2025 Revenue up +33%
Revenue by Activity (in EUR thousands -- IFRS(1) ) 2025 2024 Change % --------------------------------------------------- ------ ----- -------- Total Q1 revenue 2,578 2,223 +16% --------------------------------------------------- ------ ----- -------- Total Q2 revenue 3,231 1,894 +71% --------------------------------------------------- ------ ----- -------- Total Q3 revenue 2,916 2,308 +26% --------------------------------------------------- ------ ----- -------- Total Q4 revenue 3,750 2,982 +26% --------------------------------------------------- ------ ----- -------- Cumulative over 12 months Spine Implants 8,569 7,034 +22% Medical Equipment (SMTP) 3,912 2,351 +66% Services (MADISON) (7) 20 - --------------------------------------------------- ------ ----- -------- Total annual revenue 12,474 9,406 +33% --------------------------------------------------- ------ ----- --------
IMPLANET generated full-year 2025 revenue of EUR12.47 million, compared with EUR9.41 million in 2024.
Spine Implants revenue reached EUR8.57 million in 2025, compared with EUR7.03 million in 2024, representing +22% growth year-on-year.
The medical equipment distribution business continued its strong development, driven by the ongoing rollout of the Olea ultrasonic scalpel across all geographic regions, as well as by the deployment of the exclusive partnership signed with elliquence in the U.S. market for endoscopic spine surgery.
Revenue by Area (in EUR thousands -- IFRS(2) ) 2025 2024 Change % ----------------------------------------------- ------ ----- -------- France 4,439 4,120 +8% United States 3,837 2,570 +49% Rest of World 4,198 2,716 +55% ----------------------------------------------- ------ ----- -------- Total annual revenue 12,474 9,406 +33% ----------------------------------------------- ------ ----- --------
IMPLANET's U.S. activity generated revenue of EUR3.84 million in 2025, compared with EUR2.57 million in the prior year, representing growth of +49% (+56% at constant exchange rates). This performance was driven in particular by the commercial development of the medical equipment distribution business (SMTP). Revenue generated in the rest of the world also recorded strong growth of +55% in 2025, reaching EUR4.20 million, compared with EUR2.72 million in 2024, reflecting the rollout of the JSS solution and the first deliveries of JAZZ(R) in China, totaling EUR0.52 million since July 2025. Revenue in France increased by +8%, reaching EUR4.44 million for the full year.
Fourth quarter of 2025 up 26%
Revenue by Activity (in EUR thousands -- IFRS (2) ) 2025 2024 Change % ---------------------------------------------------- ----- ----- -------- Spine Implants 2,549 1,871 +36% Medical Equipment (SMTP) 1,201 1,110 +8% Services (MADISON) - 1 - ---------------------------------------------------- ----- ----- -------- Total Q4 Revenue 3,750 2,982 +26% ---------------------------------------------------- ----- ----- --------
IMPLANET generated fourth-quarter 2025 revenue of EUR3.75 million, compared with EUR2.98 million in the same period of 2024, representing growth of +26%. This performance confirms the growth trends recorded in previous quarters.
Spine Implants revenue reached EUR2.55 million in Q4 2025, up +36% compared with EUR1.87 million in Q4 2024. This growth was driven by commercial rollouts in France and the rest of the world, as well as by additional deliveries of JAZZ(R) in China totaling EUR0.26 million during the quarter.
Revenue from the medical equipment distribution business amounted to EUR1.20 million in Q4 2025, compared with EUR1.11 million in the same period of 2024, representing growth of +8%.
Revenue by Area (in EUR thousands -- IFRS (2) ) 2025 2024 Change % ------------------------------------------------ ----- ----- -------- France 1,261 1,035 +22% United States 1,193 1,125 +6% Rest of World 1,296 822 +58% ------------------------------------------------ ----- ----- -------- Total Q4 Revenue 3,750 2,982 +26% ------------------------------------------------ ----- ----- --------
Revenue in France increased by +22% year-on-year, reaching EUR1.26 million for the quarter, reflecting in particular the phasing-out of the OSD range in favor of the new JSS hybrid posterior fixation system. In the United States, revenue rose by +6%, reaching EUR1.19 million in Q4 2025 (+15% at constant exchange rates). Revenue generated in the rest of the world, including China, reached EUR1.30 million in the fourth quarter of 2025, up +58% year-on-year, driven by the deployment of the JSS system and additional deliveries of JAZZ(R) in China totaling EUR0.26 million during the quarter.
Cash Position
As of December 31, 2025, the Company had cash and cash equivalents of EUR3.03 million.
Following the successful capital increase announced on November 3, 2025, which raised EUR4.49 million, and taking into account current cash burn forecasts based on the Company's operating assumptions, the commercial developments anticipated for fiscal years 2026 and 2027, as well as the payment facilities in place with the Sanyou Medical Group, the Company estimates that it is able to cover its operating financing needs for the next twelve months.
Key Highlights in 2025
-- Regulatory approval obtained from the CFDA in China for the innovative
JAZZ(R) product range;
-- Execution of an exclusive distribution agreement with TINAVI Medical
Technologies for the TiRobot(R) system dedicated to spine surgery;
-- Successful capital increase, announced on November 3, 2025, raising
EUR4.49 million through the issuance of 17,942,989 new shares;
-- Signing of a partnership agreement with 8i Robotics Inc. for the
clinical evaluation of a surgeon-assisted robotic system for spine
surgery;
-- First surgical procedures performed in China using the JAZZ(R) system.
Upcoming Financial Event
-- Full-year 2025 results, February 24, 2026, after market close
About IMPLANET
IMPLANET is a medical technology company that manufactures high-quality implants for orthopedic surgery and distributes medical technology equipment (SMTP & robotic). Its activities focus on an innovative solution to improve the treatment of spinal pathologies (JAZZ(R) ), complemented by the product range of thoraco-lumbar screws, cages, and cervical plates, acquired through Orthopaedic & Spine Development (OSD) in May 2021. In 2022, the Company entered into a commercial, technological, and financial partnership with Sanyou Medical, China's second-largest medical device manufacturer. As part of this strategic agreement, IMPLANET developed in 2024 the Jazz Spinal System$(TM)$ hybrid fixation system, a unique new range featuring a comprehensive pedicle screw solution, combined with the market's most advanced braided implant technology, JAZZ(R) . IMPLANET's orthopedic platform is built on the traceability of its products. Protected by four families of international patents, JAZZ(R) has received 510(k) regulatory clearance from the U.S. Food and Drug Administration (FDA), CE marking in Europe, ANVISA approval in Brazil and CFDA clearance in China. IMPLANET employs 46 people and generated EUR12.5
million in consolidated revenue in 2025. Based near Bordeaux, France, IMPLANET has operated a U.S. subsidiary in Boston since 2013. IMPLANET is listed on the Euronext Growth market in Paris. For more information, visit www.Implanet.com.
(1) Unaudited figures
(2) Unaudited figures
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CONTACT: IMPLANET
Ludovic Lastennet, CEO
David Dieumegard, CFO
Tél. : +33 (0)5 57 99 55 55
investors@Implanet.com
NewCap
Investor Relations
Mathilde Bohin
Tél.: +33 (0)1 44 71 94 94
Implanet@newcap.eu
NewCap
Media Relations
Arthur Rouillé
Tél.: +33 (0)1 44 71 94 94
Implanet@newcap.eu
(END) Dow Jones Newswires
January 13, 2026 12:00 ET (17:00 GMT)