v3.26.1
Unaudited Interim Condensed Consolidated Statement of Cash Flows - EUR (€)
€ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Profit/(Loss) for the period € (32,073) € (9,232)
Adjustments to reconcile profit/(loss) for the period to cash generated from/(used in) operations 14,533 10,262
Changes in non-current operating assets and liabilities 3 409
Changes in working capital 17,224 (9,175)
Cash used in operations (312) (7,736)
Income tax paid (1) (411)
NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES (313) (8,148)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (247) (1,402)
Purchases of intangible assets (5) (71)
Proceeds from sale and purchase of MMF investments 437 0
Interest received 89 511
NET CASH GENERATED FROM/(USED IN) INVESTING ACTIVITIES 275 (961)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds/(payments) from issuance of common stock, net of costs of equity transactions 920 0
Proceeds from borrowings, net of transaction costs (516) 0
Payment of lease liabilities (685) (685)
Interest paid [1] (4,409) (4,896)
NET CASH GENERATED FROM FROM/(USED IN) FINANCING ACTIVITIES (4,689) (5,582)
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,727) (14,690)
Cash and cash equivalents at beginning of the year 109,650 168,271
Exchange gains/(losses) on cash 342 (590)
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD € 105,265 € 152,990
[1] (1) Cash flows relating to the interest on the lease liabilities amounted to €0.2 million as at March 31, 2026 (2025: €0.2 million)