v3.25.4
Commitments and contingencies
12 Months Ended
Dec. 31, 2025
Disclosure Of Commitments And Contingencies [Abstract]  
Commitments and contingencies
22.
Commitments and contingencies

Contractual obligations for 2025 consist of the following:

 

 

Payments due by year

 

(Euros in thousands)

 

Less than
1 year

 

 

1 - 3
years

 

 

3 - 5
years

 

 

More than
5 years

 

 

Total

 

Lease liabilities

 

 

3,549

 

 

 

6,053

 

 

 

4,047

 

 

 

5,048

 

 

 

18,697

 

Other contractual obligations

 

 

5,540

 

 

 

1,928

 

 

 

815

 

 

 

 

 

 

8,283

 

Total

 

 

9,089

 

 

 

7,981

 

 

 

4,862

 

 

 

5,048

 

 

 

26,980

 

 

Contractual obligations for 2024 consist of the following:

 

 

Payments due by year

 

(Euros in thousands)

 

Less than
1 year

 

 

1 - 3
years

 

 

3 - 5
years

 

 

More than
5 years

 

 

Total

 

Lease liabilities

 

 

3,698

 

 

 

5,742

 

 

 

4,765

 

 

 

5,468

 

 

 

19,673

 

Other lease obligations

 

 

349

 

 

 

761

 

 

 

792

 

 

 

1,902

 

 

 

3,804

 

Other contractual obligations

 

 

915

 

 

 

1,990

 

 

 

1,462

 

 

 

79

 

 

 

4,446

 

Total

 

 

4,962

 

 

 

8,493

 

 

 

7,019

 

 

 

7,449

 

 

 

27,923

 

 

Other lease obligations comprise of obligations for leases classified as short-term and low value as well as obligations for leases signed but not yet started.

Other contractual obligations comprise of obligations for contingent liabilities of contracts.

The warrants expired on July 1, 2025, five years after the completion of the ARYA Merger.

The Group is potentially liable to pay €0.8 million and 0.8 million to a third party upon successfully completing the milestone of the first clinical lead selection in connection with Immatics collaboration agreements as of December 31, 2025, and 2024, respectively. The Group does not recognize a liability for these contingent payments due to the scientific uncertainty of achieving the related milestones.