v3.25.4
Financial Risk Management Objectives and Policies (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure Of Financial Risk Management [Abstract]  
Summary of Currency Risk Exposure

Cash, cash equivalents and other financial assets of Immatics N.V. and Immatics GmbH held in USD

 

 

As of

 

 

December 31,
2025

 

 

December 31,
2024

 

 

(Euros in thousands)

 

Cash and cash equivalents

 

 

198,974

 

 

 

76,351

 

Other financial assets

 

 

77,792

 

 

 

268,423

 

Total assets exposed to the risk

 

 

276,766

 

 

 

344,774

 

Summary of Sensitivity Analysis of Foreign Currency Risk

Sensitivity analysis of Immatics N.V. and Immatics GmbH for 2025:

 

 

Conversion
rate

 

 

Profit/(loss)

 

 

Carrying
amount

 

 

(Euros in thousands)

 

Euro weakens by 10% against U.S. dollars

 

 

1.2925

 

 

 

(25,161

)

 

 

251,605

 

Euro strengthens by 10% against U.S. dollars

 

 

1.0575

 

 

 

30,752

 

 

 

307,517

 

 

In 2025, if the euro had weakened/strengthened by 10% against U.S. dollars by considering that all other variables held constant, the Group’s profit would have been €25.2 million lower/€30.8 million higher, resulting from foreign exchange on translation of U.S. dollar assets of Immatics N.V. and Immatics GmbH.

Sensitivity analysis of Immatics N.V. and Immatics GmbH for 2024:

 

 

Conversion
rate

 

 

Profit/(loss)

 

 

Carrying
amount

 

 

(Euros in thousands)

 

Euro weakens by 10% against U.S. dollars

 

 

1.1428

 

 

 

(31,343

)

 

 

313,431

 

Euro strengthens by 10% against U.S. dollars

 

 

0.9350

 

 

 

38,308

 

 

 

383,083

 

Sensitivity analysis of Immatics US, Inc. for 2025:

 

 

Conversion
rate

 

 

OCI

 

 

Carrying
amount

 

 

(Euros in thousands)

 

Euro weakens by 10% against U.S. dollars

 

 

1.2925

 

 

 

(4,541

)

 

 

45,408

 

Euro strengthen by 10% against U.S. dollars

 

 

1.0575

 

 

 

5,550

 

 

 

55,499

 

 

Sensitivity analysis of Immatics US, Inc. for 2024:

 

 

Conversion
rate

 

 

OCI

 

 

Carrying
amount

 

 

(Euros in thousands)

 

Euro weakens by 10% against U.S. dollars

 

 

1.1428

 

 

 

(7,395

)

 

 

73,953

 

Euro strengthen by 10% against U.S. dollars

 

 

0.9350

 

 

 

9,039

 

 

 

90,387

 

Summary of Liquidity Risk

As of December 31, 2025, and 2024, the Group held the following funds to counteract liquidity risk.

 

 

As of

 

 

December 31,
2025

 

 

December 31,
2024

 

 

(Euros in thousands)

 

Cash and cash equivalents

 

 

345,918

 

 

 

236,748

 

Short-term deposits

 

 

123,419

 

 

 

367,704

 

Total funds available

 

 

469,337

 

 

 

604,452