​

​

Year ended December 31,

(in thousands of euros)

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

Income from cash equivalents

991

​

1,143

​

2,945

Foreign exchange gains

797

​

1,715

​

1,225

Other financial income

​

—

​

30

​

—

Total financial income

​

1,788

​

2,888

​

4,169

Interest cost ⁽¹⁾

(5,178)

​

(12,178)

​

(33,564)

Foreign exchange losses

(1,269)

​

(1,035)

​

(3,524)

Losses on fair value variation

​

(389)

​

(75,641)

​

(179,774)

Other financial expenses

​

(46)

​

(64)

​

(59)

Total financial expenses

(6,882)

​

(88,917)

​

(216,922)

Net financial income (loss)

(5,095)

​

(86,029)

​

(212,752)