0001956827 2026-01-01 2026-03-31 0001956827 2025-12-31 0001956827 2026-03-31 0001956827 2025-01-01 2025-03-31 0001956827 2024-12-31 0001956827 ifrs-full:IssuedCapitalMember 2024-12-31 0001956827 ifrs-full:SharePremiumMember 2024-12-31 0001956827 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2024-12-31 0001956827 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2024-12-31 0001956827 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2024-12-31 0001956827 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2025-01-01 2025-03-31 0001956827 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-01-01 2025-03-31 0001956827 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2025-01-01 2025-03-31 0001956827 ifrs-full:SharePremiumMember 2025-01-01 2025-03-31 0001956827 ifrs-full:IssuedCapitalMember 2025-01-01 2025-03-31 0001956827 2025-03-31 0001956827 ifrs-full:IssuedCapitalMember 2025-03-31 0001956827 ifrs-full:SharePremiumMember 2025-03-31 0001956827 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-03-31 0001956827 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2025-03-31 0001956827 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2025-03-31 0001956827 ifrs-full:IssuedCapitalMember 2025-12-31 0001956827 ifrs-full:SharePremiumMember 2025-12-31 0001956827 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-12-31 0001956827 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2025-12-31 0001956827 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2025-12-31 0001956827 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2026-01-01 2026-03-31 0001956827 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2026-01-01 2026-03-31 0001956827 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2026-01-01 2026-03-31 0001956827 ifrs-full:SharePremiumMember 2026-01-01 2026-03-31 0001956827 ifrs-full:IssuedCapitalMember 2026-01-01 2026-03-31 0001956827 ifrs-full:IssuedCapitalMember 2026-03-31 0001956827 ifrs-full:SharePremiumMember 2026-03-31 0001956827 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2026-03-31 0001956827 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2026-03-31 0001956827 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2026-03-31 0001956827 2013-12-04 2026-03-31 0001956827 abvx:RegisteredDirectOfferingMember 2023-02-01 2023-02-28 0001956827 abvx:RegisteredDirectOfferingMember 2023-10-01 2023-10-31 0001956827 abvx:RegisteredDirectOfferingMember 2025-07-01 2025-07-31 0001956827 abvx:BanquePubliqueDInvestissementBPIMember 2013-12-04 2026-03-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2025-01-01 2025-01-31 0001956827 abvx:BoardMemberMember abvx:ShareSubscriptionWarrantsBSAMember 2025-01-01 2025-01-31 0001956827 2025-02-01 2025-11-30 0001956827 abvx:AGA2025Member 2025-02-01 2025-11-30 0001956827 abvx:TrancheOneMember abvx:AGA2025Member 2025-02-01 2025-11-30 0001956827 abvx:TrancheTwoMember abvx:AGA2025Member 2025-02-01 2025-11-30 0001956827 abvx:TrancheThreeMember abvx:AGA2025Member 2025-02-01 2025-11-30 0001956827 abvx:AGA20252Member 2025-02-01 2025-11-30 0001956827 abvx:AGA20255Member 2025-02-01 2025-11-30 0001956827 abvx:AGA20251Member 2025-02-01 2025-11-30 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2025-04-01 2025-04-30 0001956827 abvx:BoardMemberMember abvx:ShareSubscriptionWarrantsBSAMember 2025-04-01 2025-04-30 0001956827 2025-06-30 0001956827 2025-07-28 0001956827 abvx:AmericanDepositorySharesMember 2025-07-28 2025-07-28 0001956827 abvx:AmericanDepositorySharesMember 2025-07-28 0001956827 ifrs-full:OrdinarySharesMember 2025-07-28 0001956827 2025-07-23 0001956827 2025-07-28 2025-07-28 0001956827 abvx:HeightsConvertibleNotesMember 2025-07-23 0001956827 abvx:HeightsConvertibleNotesMember 2025-07-30 0001956827 abvx:HeightsConvertibleNotesMember 2025-07-23 2025-07-30 0001956827 abvx:HeightsConvertibleNotesMember ifrs-full:OrdinarySharesMember 2025-07-30 0001956827 abvx:KreosClaretFinancingTrancheAMember ifrs-full:OrdinarySharesMember 2025-08-08 2025-08-08 0001956827 abvx:KreosABCBSAMember ifrs-full:OrdinarySharesMember 2025-07-30 2025-07-30 0001956827 abvx:KreosABCBSAMember ifrs-full:OrdinarySharesMember 2025-08-28 2025-08-28 0001956827 abvx:KreosClaretFinancingTrancheAMember ifrs-full:OrdinarySharesMember 2025-11-25 2025-11-25 0001956827 abvx:KreosClaretFinancingBAndCMember 2025-12-23 2025-12-23 0001956827 abvx:AGA20261Member 2026-02-01 2026-03-31 0001956827 abvx:AGA20262Member 2026-02-01 2026-03-31 0001956827 abvx:AGA20263Member 2026-02-01 2026-03-31 0001956827 abvx:TrancheOneMember abvx:FreeShareWarrantsAGAMember 2026-02-01 2026-03-31 0001956827 abvx:TrancheTwoMember abvx:FreeShareWarrantsAGAMember 2026-02-01 2026-03-31 0001956827 abvx:TrancheThreeMember abvx:FreeShareWarrantsAGAMember 2026-02-01 2026-03-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2026-02-01 2026-02-28 0001956827 abvx:BoardMemberMember abvx:ShareSubscriptionWarrantsBSAMember 2026-02-01 2026-02-28 0001956827 2026-03-01 2026-03-31 0001956827 abvx:FreeSharesAGAMember 2026-03-31 0001956827 abvx:RepurchaseOfRoyaltyCertificatesAgreementMember 2026-05-04 0001956827 abvx:RepurchaseOfRoyaltyCertificatesAgreementMember 2026-05-07 0001956827 abvx:AmericanDepositorySharesMember abvx:RepurchaseOfRoyaltyCertificatesAgreementMember 2026-05-07 0001956827 ifrs-full:OrdinarySharesMember abvx:RepurchaseOfRoyaltyCertificatesAgreementMember 2026-05-07 0001956827 abvx:RepurchaseOfRoyaltyCertificatesAgreementMember 2026-04-30 0001956827 srt:ScenarioForecastMember 2026-04-01 2026-06-30 0001956827 abvx:RoyaltyCertificatesMember abvx:RepurchaseOfRoyaltyCertificatesAgreementMember 2026-05-07 0001956827 abvx:RepurchaseOfRoyaltyCertificatesAgreementEquityConsiderationMember 2026-05-07 0001956827 abvx:RepurchaseOfRoyaltyCertificatesAgreementCashConsiderationMember 2026-05-07 0001956827 country:US ifrs-full:TopOfRangeMember 2026-01-01 2026-03-31 0001956827 country:US ifrs-full:TopOfRangeMember 2026-03-31 0001956827 abvx:ProsynergiaMember 2022-04-01 0001956827 abvx:WittycelSASABX196Member 2025-01-01 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:LicencesMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:LicencesMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:LicencesMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:LicencesMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:LicencesMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerSoftwareMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:LicencesMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerSoftwareMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:LicencesMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerSoftwareMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:LicencesMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerSoftwareMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2026-03-31 0001956827 ifrs-full:LicencesMember 2025-03-31 0001956827 ifrs-full:ComputerSoftwareMember 2025-03-31 0001956827 ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2025-03-31 0001956827 ifrs-full:LicencesMember 2025-12-31 0001956827 ifrs-full:ComputerSoftwareMember 2025-12-31 0001956827 ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2025-12-31 0001956827 ifrs-full:LicencesMember 2026-03-31 0001956827 ifrs-full:ComputerSoftwareMember 2026-03-31 0001956827 ifrs-full:CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2024-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2025-01-01 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2025-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2025-12-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2026-01-01 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:PropertyPlantAndEquipmentMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:RightofuseAssetsMember 2024-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:RightofuseAssetsMember 2025-01-01 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:PropertyPlantAndEquipmentMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:RightofuseAssetsMember 2025-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:PropertyPlantAndEquipmentMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:RightofuseAssetsMember 2025-12-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:RightofuseAssetsMember 2026-01-01 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember abvx:FurnitureAndComputerEquipmentMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:PropertyPlantAndEquipmentMember 2026-03-31 0001956827 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:RightofuseAssetsMember 2026-03-31 0001956827 ifrs-full:BuildingsMember 2025-03-31 0001956827 ifrs-full:MachineryMember 2025-03-31 0001956827 abvx:FurnitureAndComputerEquipmentMember 2025-03-31 0001956827 ifrs-full:RightofuseAssetsMember 2025-03-31 0001956827 ifrs-full:BuildingsMember 2025-12-31 0001956827 ifrs-full:MachineryMember 2025-12-31 0001956827 abvx:FurnitureAndComputerEquipmentMember 2025-12-31 0001956827 ifrs-full:RightofuseAssetsMember 2025-12-31 0001956827 ifrs-full:BuildingsMember 2026-03-31 0001956827 ifrs-full:MachineryMember 2026-03-31 0001956827 abvx:FurnitureAndComputerEquipmentMember 2026-03-31 0001956827 ifrs-full:RightofuseAssetsMember 2026-03-31 0001956827 ifrs-full:BuildingsMember 2025-03-31 0001956827 ifrs-full:BuildingsMember 2025-12-31 0001956827 ifrs-full:BuildingsMember 2026-03-31 0001956827 2022-12-31 0001956827 ifrs-full:BottomOfRangeMember 2022-12-31 0001956827 ifrs-full:TopOfRangeMember 2022-12-31 0001956827 2023-01-01 2023-06-30 0001956827 ifrs-full:BottomOfRangeMember 2023-06-30 0001956827 ifrs-full:TopOfRangeMember 2023-06-30 0001956827 2024-03-01 2024-03-31 0001956827 2024-03-31 0001956827 2025-06-01 2025-06-30 0001956827 abvx:A2025TaxYearMember 2026-03-31 0001956827 abvx:A2026TaxYearMember 2026-03-31 0001956827 currency:USD 2025-01-01 2025-12-31 0001956827 currency:USD 2026-01-01 2026-03-31 0001956827 abvx:OtherFinancialAssetsMember ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 abvx:OtherFinancialAssetsMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember abvx:OtherFinancialAssetsMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember abvx:OtherFinancialAssetsMember 2025-12-31 0001956827 abvx:OtherReceivablesAndAssetsMember ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 abvx:OtherReceivablesAndAssetsMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember abvx:OtherReceivablesAndAssetsMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember abvx:OtherReceivablesAndAssetsMember 2025-12-31 0001956827 abvx:CashAndCashEquivalentsMember ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 abvx:CashAndCashEquivalentsMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember abvx:CashAndCashEquivalentsMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember abvx:CashAndCashEquivalentsMember 2025-12-31 0001956827 ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2025-12-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember 2025-12-31 0001956827 abvx:NonCurrentFinancialLiabilitiesMember ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 abvx:NonCurrentFinancialLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember abvx:NonCurrentFinancialLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember abvx:NonCurrentFinancialLiabilitiesMember 2025-12-31 0001956827 abvx:CurrentFinancialLiabilitiesMember ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 abvx:CurrentFinancialLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember abvx:CurrentFinancialLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember abvx:CurrentFinancialLiabilitiesMember 2025-12-31 0001956827 abvx:TradePayablesAndOtherCurrentLiabilitiesMember ifrs-full:RecurringFairValueMeasurementMember 2025-12-31 0001956827 abvx:TradePayablesAndOtherCurrentLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember abvx:TradePayablesAndOtherCurrentLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember abvx:TradePayablesAndOtherCurrentLiabilitiesMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember 2025-12-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2025-12-31 0001956827 abvx:OtherFinancialAssetsMember ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 abvx:OtherFinancialAssetsMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember abvx:OtherFinancialAssetsMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember abvx:OtherFinancialAssetsMember 2026-03-31 0001956827 abvx:OtherReceivablesAndAssetsMember ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 abvx:OtherReceivablesAndAssetsMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember abvx:OtherReceivablesAndAssetsMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember abvx:OtherReceivablesAndAssetsMember 2026-03-31 0001956827 abvx:CashAndCashEquivalentsMember ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 abvx:CashAndCashEquivalentsMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember abvx:CashAndCashEquivalentsMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember abvx:CashAndCashEquivalentsMember 2026-03-31 0001956827 ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2026-03-31 0001956827 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember 2026-03-31 0001956827 abvx:NonCurrentFinancialLiabilitiesMember ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 abvx:NonCurrentFinancialLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember abvx:NonCurrentFinancialLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember abvx:NonCurrentFinancialLiabilitiesMember 2026-03-31 0001956827 abvx:CurrentFinancialLiabilitiesMember ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 abvx:CurrentFinancialLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember abvx:CurrentFinancialLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember abvx:CurrentFinancialLiabilitiesMember 2026-03-31 0001956827 abvx:TradePayablesAndOtherCurrentLiabilitiesMember ifrs-full:RecurringFairValueMeasurementMember 2026-03-31 0001956827 abvx:TradePayablesAndOtherCurrentLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember abvx:TradePayablesAndOtherCurrentLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember abvx:TradePayablesAndOtherCurrentLiabilitiesMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember 2026-03-31 0001956827 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2026-03-31 0001956827 abvx:NonCurrentAdvancesToCROContractsMember ifrs-full:RecurringFairValueMeasurementMember ifrs-full:BottomOfRangeMember ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2025-12-31 0001956827 abvx:NonCurrentAdvancesToCROContractsMember ifrs-full:RecurringFairValueMeasurementMember ifrs-full:TopOfRangeMember ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2025-12-31 0001956827 abvx:NonCurrentAdvancesToCROContractsMember ifrs-full:RecurringFairValueMeasurementMember ifrs-full:BottomOfRangeMember ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2026-03-31 0001956827 abvx:NonCurrentAdvancesToCROContractsMember ifrs-full:RecurringFairValueMeasurementMember ifrs-full:TopOfRangeMember ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2026-03-31 0001956827 ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2026-03-31 0001956827 ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2025-12-31 0001956827 abvx:NonCurrentAdvancesToCROContractsMember ifrs-full:RecurringFairValueMeasurementMember ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2025-12-31 2025-12-31 0001956827 abvx:NonCurrentAdvancesToCROContractsMember ifrs-full:RecurringFairValueMeasurementMember ifrs-full:CreditSpreadMeasurementInputMember ifrs-full:DiscountedCashFlowMember 2026-03-01 2026-03-31 0001956827 abvx:FreeShareWarrantsAGAMember 2026-01-01 2026-03-31 0001956827 abvx:FoundersShareSubscriptionWarrantsBCEMember 2026-01-01 2026-03-31 0001956827 abvx:FoundersShareSubscriptionWarrantsBCEMember 2015-11-07 2026-03-31 0001956827 abvx:FoundersShareSubscriptionWarrantsBCEMember 2025-12-31 0001956827 abvx:FoundersShareSubscriptionWarrantsBCEMember 2026-03-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2016-12-04 2026-03-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2025-12-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2026-01-01 2026-03-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2026-03-31 0001956827 abvx:BSA20261Member 2026-01-01 2026-03-31 0001956827 srt:MinimumMember abvx:BSA20261Member 2026-01-01 2026-03-31 0001956827 srt:MaximumMember abvx:BSA20261Member 2026-01-01 2026-03-31 0001956827 abvx:FreeShareWarrantsAGAMember 2015-12-04 2026-03-31 0001956827 abvx:FreeShareWarrantsAGAMember 2025-12-31 0001956827 abvx:FreeShareWarrantsAGAMember 2026-03-31 0001956827 abvx:AGA20261Member 2026-01-01 2026-03-31 0001956827 abvx:AGA20262Member 2026-01-01 2026-03-31 0001956827 abvx:AGA20263Member 2026-01-01 2026-03-31 0001956827 abvx:SettlementAgreementProtocoleDaccordTransactionnelMember abvx:FreeSharesAGAMember 2026-03-05 0001956827 abvx:FreeSharesAGAMember 2026-01-01 2026-03-31 0001956827 abvx:FoundersShareSubscriptionWarrantsBCEMember 2025-01-01 2025-03-31 0001956827 abvx:ShareSubscriptionWarrantsBSAMember 2025-01-01 2025-03-31 0001956827 abvx:FreeSharesAGAMember 2025-01-01 2025-03-31 0001956827 abvx:AGAEmployerContributionsAndTaxesMember 2026-01-01 2026-03-31 0001956827 abvx:AGAEmployerContributionsAndTaxesMember 2026-03-05 2026-03-05 0001956827 ifrs-full:LeaseLiabilitiesMember 2025-12-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2026-03-31 0001956827 abvx:BorrowingsMember 2025-12-31 0001956827 abvx:BorrowingsMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember 2026-03-31 0001956827 abvx:OtherFinancialLiabilitiesMember 2025-12-31 0001956827 abvx:OtherFinancialLiabilitiesMember 2026-03-31 0001956827 abvx:KreosClaretFinancingMember 2023-08-20 0001956827 abvx:KreosABBSAMember abvx:KreosClaretFinancingMember 2023-08-20 2023-08-20 0001956827 abvx:KreosCBSAMember abvx:KreosClaretFinancingMember 2023-11-02 2023-11-02 0001956827 abvx:KreosClaretFinancingTrancheAMember ifrs-full:OrdinarySharesMember 2025-08-06 2025-08-06 0001956827 abvx:KreosClaretFinancingMember abvx:KreosABCBSAMember 2025-07-30 2025-07-30 0001956827 abvx:KreosClaretFinancingMember abvx:KreosABCBSAMember ifrs-full:OrdinarySharesMember 2025-07-30 2025-07-30 0001956827 abvx:KreosClaretFinancingMember abvx:KreosABCBSAMember ifrs-full:OrdinarySharesMember 2025-08-28 2025-08-28 0001956827 abvx:KreosClaretFinancingTrancheABAndCMember abvx:KreosClaretMinimumReturnIndemnificationsMember 2025-07-31 0001956827 abvx:KreosClaretFinancingBAndCMember 2025-11-28 2025-11-28 0001956827 abvx:KreosClaretFinancingBAndCMember 2025-11-28 0001956827 abvx:HeightsConvertibleNotesMember 2026-01-01 2026-03-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2025-10-01 2025-12-31 0001956827 abvx:LeaseFacilitiesMember 2025-03-31 0001956827 abvx:LeaseFacilitiesMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember abvx:ProbabilityOfSuccessMeasurementInputMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember abvx:PeakPenetrationMeasurementInputMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember abvx:ProbabilityOfSuccessMeasurementInputMember 2026-03-31 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember abvx:PeakPenetrationMeasurementInputMember 2026-03-31 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember 2025-03-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:ProbabilityOfSuccessMeasurementInputMember 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:PeakPenetrationMeasurementInputMember 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember ifrs-full:WeightedAverageCostOfCapitalMeasurementInputMember 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:ProbabilityOfSuccessMeasurementInputMember 2025-12-31 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:PeakPenetrationMeasurementInputMember 2025-12-31 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember ifrs-full:WeightedAverageCostOfCapitalMeasurementInputMember 2025-12-31 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:ProbabilityOfSuccessMeasurementInputMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:PeakPenetrationMeasurementInputMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember ifrs-full:DiscountRateMeasurementInputMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:ProbabilityOfSuccessMeasurementInputMember 2026-03-31 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember abvx:PeakPenetrationMeasurementInputMember 2026-03-31 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember ifrs-full:AtFairValueMember ifrs-full:DiscountRateMeasurementInputMember 2026-03-31 2026-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2024-12-31 0001956827 abvx:Kreos12BondLoansMember 2024-12-31 0001956827 abvx:HeightsConvertibleNotesMember 2024-12-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2024-12-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2024-12-31 0001956827 abvx:RoyaltyCertificatesMember 2024-12-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2025-01-01 2025-03-31 0001956827 abvx:Kreos12BondLoansMember 2025-01-01 2025-03-31 0001956827 abvx:HeightsConvertibleNotesMember 2025-01-01 2025-03-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2025-01-01 2025-03-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2025-01-01 2025-03-31 0001956827 abvx:RoyaltyCertificatesMember 2025-01-01 2025-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2025-03-31 0001956827 abvx:Kreos12BondLoansMember 2025-03-31 0001956827 abvx:HeightsConvertibleNotesMember 2025-03-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2025-03-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2025-03-31 0001956827 abvx:RoyaltyCertificatesMember 2025-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2025-12-31 0001956827 abvx:Kreos12BondLoansMember 2025-12-31 0001956827 abvx:HeightsConvertibleNotesMember 2025-12-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2025-12-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2025-12-31 0001956827 abvx:RoyaltyCertificatesMember 2025-12-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2026-01-01 2026-03-31 0001956827 abvx:Kreos12BondLoansMember 2026-01-01 2026-03-31 0001956827 abvx:HeightsConvertibleNotesMember 2026-01-01 2026-03-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2026-01-01 2026-03-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2026-01-01 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember 2026-01-01 2026-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2026-03-31 0001956827 abvx:Kreos12BondLoansMember 2026-03-31 0001956827 abvx:HeightsConvertibleNotesMember 2026-03-31 0001956827 abvx:PretGarantiParLEtatPGEMember 2026-03-31 0001956827 ifrs-full:LeaseLiabilitiesMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember 2026-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2024-12-31 0001956827 abvx:KreosClaretMinimumReturnIndemnificationsMember 2024-12-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2025-01-01 2025-03-31 0001956827 abvx:KreosClaretMinimumReturnIndemnificationsMember 2025-01-01 2025-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2025-03-31 0001956827 abvx:KreosClaretMinimumReturnIndemnificationsMember 2025-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2025-12-31 0001956827 abvx:KreosClaretMinimumReturnIndemnificationsMember 2025-12-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2026-01-01 2026-03-31 0001956827 abvx:KreosClaretMinimumReturnIndemnificationsMember 2026-01-01 2026-03-31 0001956827 abvx:KreosClaretFinancingTrancheAMember 2026-03-31 0001956827 abvx:KreosClaretMinimumReturnIndemnificationsMember 2026-03-31 0001956827 ifrs-full:NotLaterThanOneYearMember 2025-12-31 0001956827 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2025-12-31 0001956827 ifrs-full:LaterThanTwoYearsAndNotLaterThanFiveYearsMember 2025-12-31 0001956827 ifrs-full:LaterThanFiveYearsMember 2025-12-31 0001956827 ifrs-full:NotLaterThanOneYearMember 2026-03-31 0001956827 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2026-03-31 0001956827 ifrs-full:LaterThanTwoYearsAndNotLaterThanFiveYearsMember 2026-03-31 0001956827 ifrs-full:LaterThanFiveYearsMember 2026-03-31 0001956827 abvx:RoyaltyCertificatesMember 2022-09-02 2022-09-02 0001956827 abvx:RoyaltyCertificatesMember 2022-09-02 0001956827 abvx:AGAEmployerContributionsAndTaxesMember 2025-12-31 0001956827 ifrs-full:MiscellaneousOtherProvisionsMember 2025-12-31 0001956827 ifrs-full:MiscellaneousOtherProvisionsMember 2026-01-01 2026-03-31 0001956827 abvx:AGAEmployerContributionsAndTaxesMember 2026-03-31 0001956827 ifrs-full:MiscellaneousOtherProvisionsMember 2026-03-31 0001956827 abvx:SalesAndMarketingExpenseMember 2025-01-01 2025-03-31 0001956827 abvx:SalesAndMarketingExpenseMember 2026-01-01 2026-03-31 0001956827 abvx:ResearchAndDevelopmentExpensesMember 2025-01-01 2025-03-31 0001956827 abvx:ResearchAndDevelopmentExpensesMember 2026-01-01 2026-03-31 0001956827 abvx:GeneralAndAdministrativeExpenseMember 2025-01-01 2025-03-31 0001956827 abvx:GeneralAndAdministrativeExpenseMember 2026-01-01 2026-03-31 0001956827 country:FR 2025-01-01 2025-03-31 0001956827 country:FR 2026-01-01 2026-03-31 0001956827 country:US 2025-01-01 2025-03-31 0001956827 country:US 2026-01-01 2026-03-31 0001956827 currency:USD 2025-01-01 2025-03-31 0001956827 abvx:RoyaltyCertificatesRelatedTemporaryDifferencesMember 2026-03-31 0001956827 country:FR abvx:RoyaltyCertificatesRelatedTemporaryDifferencesMember 2026-03-31 0001956827 currency:USD ifrs-full:CurrencyRiskMember 2026-03-31 0001956827 currency:USD ifrs-full:CurrencyRiskMember 2026-01-01 2026-03-31 iso4217:EUR shares iso4217:EUR shares pure abvx:plan iso4217:USD shares iso4217:USD abvx:note abvx:segment abvx:tranche abvx:employee false 2026 Q1 0001956827 --12-31 2026-03-31 1 6-K 001-41842 Abivax SA 7-11 boulevard Haussmann 75009 Paris FR 18419000 18419000 6605000 6605000 2090000 1783000 5358000 5395000 625000 1720000 33097000 33922000 21415000 22032000 13144000 13766000 516685000 477423000 551244000 513220000 584341000 547142000 785000 793000 1190593000 1191083000 2309000 2029000 -402380000 -715843000 -336102000 -48468000 455205000 429594000 627000 638000 28849000 15491000 554000 346000 30237000 32764000 5848000 6076000 66114000 55315000 1302000 1101000 17030000 18125000 37552000 29514000 7137000 13493000 63021000 62233000 584341000 547142000 994000 1344000 994000 1344000 860000 1748000 39301000 49542000 8033000 6283000 48194000 57574000 -47200000 -56229000 6723000 4769000 1552000 12759000 -5170000 7989000 -52370000 -48240000 0 228000 -52370000 -48468000 63378911 63378911 78958563 78958563 -0.83 -0.83 -0.61 -0.61 -52370000 -48468000 40000 29000 40000 29000 211000 -280000 211000 -280000 250000 -252000 -52119000 -48720000 63347837 633000 478905000 -75000 -262637000 -176242000 40584000 -52370000 -52370000 211000 40000 250000 211000 40000 -52370000 -52119000 -176242000 176242000 0 250000 250000 70912 1000 -1000 0 4692000 4692000 63418749 634000 479155000 136000 -434147000 -52370000 -6591000 78536412 785000 1190593000 2309000 -402380000 -336102000 455205000 -48468000 -48468000 -280000 29000 -252000 -280000 29000 -48468000 -48720000 -336102000 336102000 0 475000 475000 2540 23000 23000 752236 8000 -8000 0 22610000 22610000 79291188 793000 1191083000 2029000 -715843000 -48468000 429594000 -52370000 -48468000 273000 367000 36000 34000 4689000 22610000 0 0 5318000 4769000 1026000 12633000 -233000 -125000 1081000 0 0 -12335000 0 228000 -58000 8000 -42289000 -45545000 -2161000 -3484000 12754000 -8048000 -1608000 6557000 26000 0 -9011000 4974000 0 0 -33278000 -50519000 44000 54000 18000 37000 6000 0 130000 0 984000 512000 1082000 495000 0 23000 0 475000 2188000 0 3705000 0 230000 412000 1965000 13000 250000 0 -7837000 73000 -700000 7415000 88000 3274000 -40646000 -39262000 144221000 516685000 103576000 477423000 -40646000 -39262000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">The Group </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 1.1. Information on the Group and its business </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:130.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">ABIVAX SA (the “Company”) is a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:180.32pt;position:var(--position);text-decoration:none;white-space:pre">société anonyme</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.62pt;position:var(--position);text-decoration:none;white-space:pre"> incorporated under the laws of France on December 4, 2013. Its registered office </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:142.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">is located at 7-11 Boulevard Haussmann—75009 Paris, France. The Company is developing therapeutics designed to harness the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:154.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">body’s natural regulatory mechanisms to stabilize the immune response in patients with chronic inflammatory diseases.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:178.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These unaudited interim condensed consolidated financial statements as of and for the three-month period ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:552.08pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:189.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">comprise the Company and ABIVAX LLC (the “Subsidiary”), the United States subsidiary of ABIVAX SA, created on March 20, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:200.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2023 under the laws of the State of Delaware (together referred to as the “Group”). </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:224.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group has incurred losses since its inception and had shareholders’ equity of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.17pt;position:var(--position);text-decoration:none;white-space:pre">€429,594 thousand</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:439.26pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> as </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.58pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.41pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.99pt;position:var(--position);text-decoration:none;white-space:pre">. The Group </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:234.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">anticipates incurring additional losses until such time, if ever, that it can generate significant revenue from its drug candidates which </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:244.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">are currently under development. Substantial additional financing will be needed by the Group to fund its operations and to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:254.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">commercially develop its drug candidates, if approved. S</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre">ee </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:275.15pt;position:var(--position);text-decoration:none;white-space:pre">note 3.3. Subsequent event</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.43pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group's future operations are highly dependent on a combination of factors, including: (i) the success of its research and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:286.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">development activities; (ii) regulatory approval and market acceptance of its proposed future products; (iii) the timely and successful </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:296.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">completion of additional financing and (iv) the development of competitive therapies by other biotechnology and pharmaceutical </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:306.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">companies. As a result, the Group is, and expects to continue to be, in the short to mid-term, financed through the issuance of new </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:316.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equity or debt instruments. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:338.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group is focusing its efforts on the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.87pt;position:var(--position);text-decoration:none;white-space:pre">following</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.73pt;position:var(--position);text-decoration:none;white-space:pre"> points: </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:360.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Completion of the Phase 3 clinical trial program (ABTECT) for obefazimod in moderately to severely active ulcerative colitis </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:371.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">(“UC”). </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:382.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Continuation of the Phase 2b clinical trial (ENHANCE-CD) of obefazimod in Crohn’s disease (“CD”). </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Evaluating</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.77000000000001pt;position:var(--position);text-decoration:none;white-space:pre">combination therapy candidates with obefazimod in UC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:404.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Selecting a follow-on candidate for obefazimod. </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 1.2. Date of authorization of issuance </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:462.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited interim condensed consolidated financial statements and related notes have been prepared under the responsibility of </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">management of the Group and were approved and authorized for issuance by the Group’s board of directors </span>on May 21, 2026. 429594000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Basis of preparation </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:522.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Except for share data and per share amounts, the unaudited interim condensed consolidated financial statements are presented in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:533.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">thousands of euros. Amounts are rounded up or down the nearest whole number for the calculation of certain financial data and other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:544.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">information contained in these accounts. Accordingly, the total amounts presented in certain tables may not be the exact sum of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:555.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">preceding figures. </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:80.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Statement of compliance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These unaudited interim condensed consolidated financial statements as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.99pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.57pt;position:var(--position);text-decoration:none;white-space:pre"> and for the three-month periods ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:113.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.58pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.01pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.01pt;position:var(--position);text-decoration:none;white-space:pre"> have been prepared in accordance with IAS 34 “Interim Financial Reporting” as issued by the International </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:124.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Board ("IASB") and as adopted by the European Union (EU) and should be read in conjunction with the latest </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:136.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group’s annual financial statements for the years ended December 31, 2023, 2024 and 2025, prepared in accordance with the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:147.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">International Financial Reporting Standards ("IFRS") as issued by IASB and as adopted by the EU. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:169.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">They do not include all the information required for a complete set of financial statements prepared under IFRS. They do, however, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">include selected notes explaining significant events and transactions in order to understand the changes in the Group’s financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">position and performance since the last annual financial statements. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:214.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The accounting policies used to prepare these unaudited interim condensed financial statements are identical to those applied by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:225.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group as of December 31, 2025, except for: </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:240.111pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-3.151pt;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">the texts whose application is compulsory as from January 1, 2026;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:250.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the specific provisions of IAS 34 used in the preparation of the unaudited interim condensed consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:261.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:286.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.1pt;position:var(--position);text-decoration:none;white-space:pre">he Group applied the following amendments </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.03pt;position:var(--position);text-decoration:none;white-space:pre">that are effective for annual reporting periods beginning on or after January 1, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.12pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:308.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures – Amendments to the Classification and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:319.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Measurement of Financial Instrument</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.65pt;position:var(--position);text-decoration:none;white-space:pre">s.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:331.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The amendments clarify the timing of recognition and derecognition of financial assets and financial liabilities and introduce </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">a derecognition exception that permits an entity to derecognize a financial liability before settlement date when the financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:353.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">liability is settled with cash, using an electronic payment system that meets specific criteria. Adopting the amendments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:364.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">resulted in a change in the Group's accounting policy only for the derecognition of financial liabilities settled with cash using </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:375.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">qualifying electronic payment systems, for which the Group has elected to apply the exception. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:387.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The change in accounting policy did not have a material effect on the Group’s </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:386.61pt;position:var(--position);text-decoration:none;white-space:pre">unaudited interim condensed consolidated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:398.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">financial statements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> for the periods presented.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:409.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The other additional disclosures introduced by the amendments in relation to (i) investments in equity instruments designated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:420.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">at fair value through other comprehensive income ("FVOCI") and (ii) financial instruments not measured at fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:431.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">through profit or loss ("FVTPL") with certain contingent features are not applicable to the Group.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:454.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures – Contracts Referencing Nature-dependent </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Electricity.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The Group assessed that the application of these issued accounting pronouncements has no impact on the financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:487.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:523.68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The standards and interpretations not yet mandatory as of March 31, 2026 are the following: </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:538.189pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:52.95pt;position:var(--position);text-decoration:none;top:-3.309pt;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">IFRS 18 Presentation and Disclosure in Financial Statements, whose application is for annual reporting periods beginning on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:548.32pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre">or after January 1, 2027, as approved by the EU on February 16, 2026; </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.95pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:505.01pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures, and the Amendments (issued on August 21,2025) whose</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:572.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:459.31pt">application is for annual reporting periods beginning on or after January 1, 2027 (not yet approved by the EU), and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.95pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:505.01pt">IAS 21 The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency, whose</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:442.38pt">application is for annual reporting periods beginning on or after January 1, 2027 (not yet approved by the EU).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:616.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These texts have not been early adopted. The application of the standards and interpretations issued respectively by the IASB and the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:627.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">IFRS IC that are not yet effective as of March 31, 2026 </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.38pt;position:var(--position);text-decoration:none;white-space:pre">is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> not expected to have a material impact on the Group’s consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:639.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">statements. IFRS 18, issued in April 2024 and effective from January 1, 2027, will modify the presentation of the Consolidated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:650.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">statements of income (loss) and the Consolidated statements of cash flows.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:335.38pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Preparation of the financial statements </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:92.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited interim condensed consolidated financial statements of the Group were prepared on a historical cost basis, with the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:103.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">exception of certain asset and liability categories and in accordance with the provisions set out in IFRS such as employee benefits </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">measured using the projected unit credit method, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.24pt;position:var(--position);text-decoration:none;white-space:pre">Heights notes (classified under "Convertible loan notes") measured at fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and derivative financial instruments measured at fair value and certain investments classified under "Cash and equivalents" measured </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:137.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">at fair value. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:88.69pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:166.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Going concern </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:188.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group has incurred substantial operating losses since inception and expects to continue to incur significant operating losses for the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:200.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">foreseeable future and may never become profitable. For the three-month period ended March 31, 2026, the Group had a net loss of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:212.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€(48.5) million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.50999999999999pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:236.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Since inception, the Group has financed its operations through the issuance of ordinary shares with gross aggregate proceeds of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:248.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€1,194.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.35pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.85pt;position:var(--position);text-decoration:none;white-space:pre"> of which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.1pt;position:var(--position);text-decoration:none;white-space:pre">€130 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.45pt;position:var(--position);text-decoration:none;white-space:pre"> of gross proceeds were from offerings of its ordinary shares on Euronext Paris in February </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:260.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2023, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61pt;position:var(--position);text-decoration:none;white-space:pre">€223.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.85pt;position:var(--position);text-decoration:none;white-space:pre"> of gross proceeds were from its offering of ordinary shares in the form of American Depository Shares ("ADS") </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:272.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on the Nasdaq Global Market as well as ordinary shares in Europe (including France) and countries outside of the United States in a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:284.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">private placement in October 2023 and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.14pt;position:var(--position);text-decoration:none;white-space:pre">€637.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.99pt;position:var(--position);text-decoration:none;white-space:pre"> of gross proceeds were from the offering of ordinary shares in the form of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:296.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">ADSs on the Nasdaq Global Market in July 2025 (the “Offering”), bank borrowings and structured loans for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.76pt;position:var(--position);text-decoration:none;white-space:pre">€175.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.61pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:308.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">reimbursements of Research Tax Credits (Crédit d’Impôt Recherche (“CIR”)) in an amount o</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.42pt;position:var(--position);text-decoration:none;white-space:pre">f </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.25pt;position:var(--position);text-decoration:none;white-space:pre">€41.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:469.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.1pt;position:var(--position);text-decoration:none;white-space:pre">subsidies received from </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:320.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Banque Publique d’Investissement (“Bpifrance”) (including </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.22pt;position:var(--position);text-decoration:none;white-space:pre">€17.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.07pt;position:var(--position);text-decoration:none;white-space:pre"> of subsidies and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.47pt;position:var(--position);text-decoration:none;white-space:pre">€1.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.32pt;position:var(--position);text-decoration:none;white-space:pre"> of conditional advances) and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:332.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates in an amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.58pt;position:var(--position);text-decoration:none;white-space:pre">€2.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.43pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:358.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Based on the Group’s existing cash and cash equivalents and other short-term investments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.06pt;position:var(--position);text-decoration:none;white-space:pre">€491.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.91pt;position:var(--position);text-decoration:none;white-space:pre"> as of March 31, 2026, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:370.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group expects, as of the date of issuance of these financial statements, to be able to fund its forecasted cash flow requirements into the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">fourth quarter of 2027. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.55pt;position:var(--position);text-decoration:none;white-space:pre">This takes into account </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.43pt;position:var(--position);text-decoration:none;white-space:pre">the repurchase and cancellation by the Group of its royalty certificates in May 2026 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(see Note 3.3. below), as well as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.08pt;position:var(--position);text-decoration:none;white-space:pre">management's assumptions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre">continued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.44pt;position:var(--position);text-decoration:none;white-space:pre"> R&amp;D expenditure related to the continuation of the Phase 3 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:404.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">clinical trials of obefazimod in UC, progression of the Phase 2b clinical trials for CD and the initial stages of the scale up of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">commercial organization as the Group prepares for a potential launch of obefazimod in UC.</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.77pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:439.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Based on the above, these financial statements have been prepared on a going concern basi</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.15pt;position:var(--position);text-decoration:none;white-space:pre">s.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Statement of compliance </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These unaudited interim condensed consolidated financial statements as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.99pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.57pt;position:var(--position);text-decoration:none;white-space:pre"> and for the three-month periods ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:113.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.58pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.01pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.01pt;position:var(--position);text-decoration:none;white-space:pre"> have been prepared in accordance with IAS 34 “Interim Financial Reporting” as issued by the International </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:124.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Board ("IASB") and as adopted by the European Union (EU) and should be read in conjunction with the latest </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:136.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group’s annual financial statements for the years ended December 31, 2023, 2024 and 2025, prepared in accordance with the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:147.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">International Financial Reporting Standards ("IFRS") as issued by IASB and as adopted by the EU. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:169.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">They do not include all the information required for a complete set of financial statements prepared under IFRS. They do, however, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">include selected notes explaining significant events and transactions in order to understand the changes in the Group’s financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">position and performance since the last annual financial statements. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:214.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The accounting policies used to prepare these unaudited interim condensed financial statements are identical to those applied by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:225.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group as of December 31, 2025, except for: </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:240.111pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-3.151pt;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">the texts whose application is compulsory as from January 1, 2026;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:250.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the specific provisions of IAS 34 used in the preparation of the unaudited interim condensed consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:261.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:286.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.1pt;position:var(--position);text-decoration:none;white-space:pre">he Group applied the following amendments </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.03pt;position:var(--position);text-decoration:none;white-space:pre">that are effective for annual reporting periods beginning on or after January 1, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.12pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:308.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures – Amendments to the Classification and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:319.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Measurement of Financial Instrument</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.65pt;position:var(--position);text-decoration:none;white-space:pre">s.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:331.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The amendments clarify the timing of recognition and derecognition of financial assets and financial liabilities and introduce </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">a derecognition exception that permits an entity to derecognize a financial liability before settlement date when the financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:353.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">liability is settled with cash, using an electronic payment system that meets specific criteria. Adopting the amendments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:364.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">resulted in a change in the Group's accounting policy only for the derecognition of financial liabilities settled with cash using </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:375.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">qualifying electronic payment systems, for which the Group has elected to apply the exception. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:387.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The change in accounting policy did not have a material effect on the Group’s </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:386.61pt;position:var(--position);text-decoration:none;white-space:pre">unaudited interim condensed consolidated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:398.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">financial statements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> for the periods presented.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:409.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The other additional disclosures introduced by the amendments in relation to (i) investments in equity instruments designated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:420.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">at fair value through other comprehensive income ("FVOCI") and (ii) financial instruments not measured at fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:431.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">through profit or loss ("FVTPL") with certain contingent features are not applicable to the Group.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:454.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures – Contracts Referencing Nature-dependent </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Electricity.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The Group assessed that the application of these issued accounting pronouncements has no impact on the financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:487.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:523.68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The standards and interpretations not yet mandatory as of March 31, 2026 are the following: </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:538.189pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:52.95pt;position:var(--position);text-decoration:none;top:-3.309pt;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">IFRS 18 Presentation and Disclosure in Financial Statements, whose application is for annual reporting periods beginning on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:548.32pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre">or after January 1, 2027, as approved by the EU on February 16, 2026; </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.95pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:505.01pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures, and the Amendments (issued on August 21,2025) whose</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:572.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:459.31pt">application is for annual reporting periods beginning on or after January 1, 2027 (not yet approved by the EU), and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.95pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:505.01pt">IAS 21 The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency, whose</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.95pt;position:var(--position);text-decoration:none;white-space:pre;width:442.38pt">application is for annual reporting periods beginning on or after January 1, 2027 (not yet approved by the EU).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:616.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These texts have not been early adopted. The application of the standards and interpretations issued respectively by the IASB and the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:627.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">IFRS IC that are not yet effective as of March 31, 2026 </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.38pt;position:var(--position);text-decoration:none;white-space:pre">is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> not expected to have a material impact on the Group’s consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:639.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">statements. IFRS 18, issued in April 2024 and effective from January 1, 2027, will modify the presentation of the Consolidated </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">statements of income (loss) and the Consolidated statements of cash flows.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Going concern </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:188.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group has incurred substantial operating losses since inception and expects to continue to incur significant operating losses for the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:200.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">foreseeable future and may never become profitable. For the three-month period ended March 31, 2026, the Group had a net loss of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:212.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€(48.5) million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.50999999999999pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:236.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Since inception, the Group has financed its operations through the issuance of ordinary shares with gross aggregate proceeds of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:248.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€1,194.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.35pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.85pt;position:var(--position);text-decoration:none;white-space:pre"> of which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.1pt;position:var(--position);text-decoration:none;white-space:pre">€130 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.45pt;position:var(--position);text-decoration:none;white-space:pre"> of gross proceeds were from offerings of its ordinary shares on Euronext Paris in February </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:260.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2023, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61pt;position:var(--position);text-decoration:none;white-space:pre">€223.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.85pt;position:var(--position);text-decoration:none;white-space:pre"> of gross proceeds were from its offering of ordinary shares in the form of American Depository Shares ("ADS") </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:272.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on the Nasdaq Global Market as well as ordinary shares in Europe (including France) and countries outside of the United States in a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:284.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">private placement in October 2023 and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.14pt;position:var(--position);text-decoration:none;white-space:pre">€637.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.99pt;position:var(--position);text-decoration:none;white-space:pre"> of gross proceeds were from the offering of ordinary shares in the form of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:296.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">ADSs on the Nasdaq Global Market in July 2025 (the “Offering”), bank borrowings and structured loans for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.76pt;position:var(--position);text-decoration:none;white-space:pre">€175.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.61pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:308.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">reimbursements of Research Tax Credits (Crédit d’Impôt Recherche (“CIR”)) in an amount o</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.42pt;position:var(--position);text-decoration:none;white-space:pre">f </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.25pt;position:var(--position);text-decoration:none;white-space:pre">€41.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:469.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.1pt;position:var(--position);text-decoration:none;white-space:pre">subsidies received from </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:320.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Banque Publique d’Investissement (“Bpifrance”) (including </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.22pt;position:var(--position);text-decoration:none;white-space:pre">€17.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.07pt;position:var(--position);text-decoration:none;white-space:pre"> of subsidies and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.47pt;position:var(--position);text-decoration:none;white-space:pre">€1.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.32pt;position:var(--position);text-decoration:none;white-space:pre"> of conditional advances) and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:332.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates in an amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.58pt;position:var(--position);text-decoration:none;white-space:pre">€2.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.43pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:358.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Based on the Group’s existing cash and cash equivalents and other short-term investments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.06pt;position:var(--position);text-decoration:none;white-space:pre">€491.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.91pt;position:var(--position);text-decoration:none;white-space:pre"> as of March 31, 2026, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:370.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group expects, as of the date of issuance of these financial statements, to be able to fund its forecasted cash flow requirements into the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">fourth quarter of 2027. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.55pt;position:var(--position);text-decoration:none;white-space:pre">This takes into account </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.43pt;position:var(--position);text-decoration:none;white-space:pre">the repurchase and cancellation by the Group of its royalty certificates in May 2026 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(see Note 3.3. below), as well as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.08pt;position:var(--position);text-decoration:none;white-space:pre">management's assumptions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre">continued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.44pt;position:var(--position);text-decoration:none;white-space:pre"> R&amp;D expenditure related to the continuation of the Phase 3 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:404.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">clinical trials of obefazimod in UC, progression of the Phase 2b clinical trials for CD and the initial stages of the scale up of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">commercial organization as the Group prepares for a potential launch of obefazimod in UC.</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.77pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:439.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Based on the above, these financial statements have been prepared on a going concern basi</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.15pt;position:var(--position);text-decoration:none;white-space:pre">s.</span></div> -48500000 1194700000 130000000 223300000 637500000 175000000.0 41300000 17100000 1800000 2900000 491600000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Significant events for the year ended December 31, 2025 and the three-month period ended March  31,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:504.81pt;position:var(--position);text-decoration:none;white-space:pre"> 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:527.31pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:487.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">subsequent events </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 3.1. For the year ended December 31, 2025</span><div style="font-size:12pt;line-height:12pt;position:var(--position);top:97.711pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Share-based compensation plans</span><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:italic;font-weight:normal;left:168.14pt;position:var(--position);text-decoration:none;top:-3.151pt;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:171.14pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">– January-November 2025</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:120.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In January 2025, the Group granted its independent Board members, as well as one of its Board Observers and Advisor, the right to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">subscribe up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre">125,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.51pt;position:var(--position);text-decoration:none;white-space:pre"> share warrants (BSA) in the aggregate, the vesting of which (if subscribed) is subject to a service condition of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:144.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.24000000000001pt;position:var(--position);text-decoration:none;white-space:pre">, by tranches of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.35pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.68pt;position:var(--position);text-decoration:none;white-space:pre"> each, vested on January 1 of each year.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In February, March, May, August and November 2025,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.8pt;position:var(--position);text-decoration:none;white-space:pre"> the Group issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.53pt;position:var(--position);text-decoration:none;white-space:pre">eight</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:350.5pt;position:var(--position);text-decoration:none;white-space:pre"> free-share compensation plans to certain of its officers </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and employees, representing a maximum of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.3pt;position:var(--position);text-decoration:none;white-space:pre">6,280,727</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.3pt;position:var(--position);text-decoration:none;white-space:pre"> shares in the aggregate, the vesting of which is subject to the following service </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condition: </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre">50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.34pt;position:var(--position);text-decoration:none;white-space:pre"> of the AGAs vest at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.1pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.09pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.61pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.27pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.6pt;position:var(--position);text-decoration:none;white-space:pre"> at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.19pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.15pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.6700000000001pt;position:var(--position);text-decoration:none;white-space:pre"> period from </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the allocation date and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.63pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.55pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.21pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.73pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date (with the exception of the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.04pt;position:var(--position);text-decoration:none;white-space:pre">123,102</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.54pt;position:var(--position);text-decoration:none;white-space:pre"> 2025-2 AGAs, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">which vest at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.6pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.59pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.11pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date, and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.4pt;position:var(--position);text-decoration:none;white-space:pre">50,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.9pt;position:var(--position);text-decoration:none;white-space:pre"> 2025-5 AGAs , which vest only upon the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">achievement of milestones related to clinical studies). Moreover, the vesting of almost half of the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.88pt;position:var(--position);text-decoration:none;white-space:pre">4,319,500</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.88pt;position:var(--position);text-decoration:none;white-space:pre"> 2025-1 AGAs is subject to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the occurrence of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.77pt;position:var(--position);text-decoration:none;white-space:pre">tender offer on the securities issued by the Group and resulting in a change of control of the Group</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.38pt;position:var(--position);text-decoration:none;white-space:pre"> before a certain </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">date. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In April 2025, the Group granted to one of its Board members the right to subscribe up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.98pt;position:var(--position);text-decoration:none;white-space:pre">39,370</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.48pt;position:var(--position);text-decoration:none;white-space:pre"> share warrants (BSA), the vesting of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">which is subject to a service condition of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.92pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.16pt;position:var(--position);text-decoration:none;white-space:pre">, by tranches of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.27pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.6pt;position:var(--position);text-decoration:none;white-space:pre"> each, vested on May 1 of each year. The BSAs were </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">subscribed in May 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The detailed terms and conditions of these plans are set forth in Note 14.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:348.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Change in management – April 2025</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:371.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On April 22, 2025, the Group announced the appointment of Dominik Höchli, MD to the Board of Directors of Abivax, effective </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:383.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">immediately.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:407.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Completion of enrollment for the Phase 3 ABTECT trials in patients with moderately to severely active UC - April 2025</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:431.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On April 29, 2025, the Group announced the completion of enrollment for the Phase 3 ABTECT trials in patients with moderately to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:443.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">severely active UC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:467.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Publication of positive Phase 3 results from both ABTECT 8-week induction trials investigating obefazimod, in moderate to severely </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:479.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">active UC </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:78.71000000000001pt;position:var(--position);text-decoration:none;white-space:pre">–</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:83.71000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> July 2025 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:503.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On July 22, 2025, the Group announced the positive results of the ABTECT-1 and ABTECT-2 induction trials in patients with </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">moderately to severely active UC. ABTECT-1 and 2 are global, multicenter, randomized, double-blind, placebo-controlled trials </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:527.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">assessing once-daily oral administration of obefazimod at 25 mg or 50 mg doses in adult patients with moderately to severely active </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:539.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">UC. Eligible participants had inadequate response, loss of response, or intolerance to conventional and/or advanced therapies. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Following this announcement and that of its Offering completed on July 28, 2025 (see </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:383.19pt;position:var(--position);text-decoration:none;white-space:pre">Completion of a public offering – July 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:558.31pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:575.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">within this section), the Group’s share price increased significantly, from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.66pt;position:var(--position);text-decoration:none;white-space:pre">€6.64</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.16pt;position:var(--position);text-decoration:none;white-space:pre"> as of June 30, 2025, to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.4pt;position:var(--position);text-decoration:none;white-space:pre">€57.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.9pt;position:var(--position);text-decoration:none;white-space:pre"> as of July 28, 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:586.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">At the same time, the Group reassessed the probability of success (“POS”) of obtaining a future market authorization for obefazimod </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:597.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in UC, to reflect a reduced level of uncertainty following positive Phase 3 results.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:620.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The main financial effects of this event on the Group’s financial statements are the following:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">A significant increase in the carrying value of the royalty certificates, measured at amortized cost, reflecting an increase in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">projected probability-weighted cash flows of the instrument, following the reassessment of the POS (see Note 15.5),</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:676.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Significant changes in the carrying value of the Group’s financial liabilities measured at fair value through profit or loss, i.e. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:687.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Kreos / Claret BSA, the Kreos / Claret MRI and the Heights convertible notes (the latter as well as the Kreos / Claret BSA </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:699.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">being converted into ordinary shares at the request of the noteholders in July and August 2025, see </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:468.85pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of the Heights </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">convertible notes, Kreos OCABSA and Kreos / Claret BSA and prepayment of the Kreos / Claret Tranches B and C bond </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">loans –</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:101.16pt;position:var(--position);text-decoration:none;white-space:pre"> July-December 2025 </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre">below</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:214.09pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.59pt;position:var(--position);text-decoration:none;white-space:pre">and Notes 15.1 and 15.2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.76pt;position:var(--position);text-decoration:none;white-space:pre">),</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:104.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Significant changes in the disclosure of the fair values of other financial instruments measured at amortized cost (i.e. the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:115.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates, the debt components of (i) the Kreos / Claret OCABSA (Tranche A, converted into shares in August </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2025) and (ii) Tranche B and C bond loans; these fair value changes are not expected directly to impact the future financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">position and net loss of the Group - see Note 15),</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:160.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">A significant increase in provisions related to employer contributions on AGAs (the contribution being based on the vesting </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">date share price - see Note 14).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:194.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Completion of a public offering </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:164.49pt;position:var(--position);text-decoration:none;white-space:pre">–</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:169.49pt;position:var(--position);text-decoration:none;white-space:pre"> July 2025 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:218.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On July 28, 2025, the Group announced the completion of an underwritten public offering of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.86pt;position:var(--position);text-decoration:none;white-space:pre">11,679,400</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.86pt;position:var(--position);text-decoration:none;white-space:pre"> ADSs (the “Offering”) at a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:230.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.28999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$64.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> per ADS (corresponding to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:210.33pt;position:var(--position);text-decoration:none;white-space:pre">€54.58</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.83pt;position:var(--position);text-decoration:none;white-space:pre"> per ordinary share, based on the exchange rate of €1.00 = $</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.12pt;position:var(--position);text-decoration:none;white-space:pre">1.1726</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.62pt;position:var(--position);text-decoration:none;white-space:pre"> as published by </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:242.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the European Central Bank on July 23, 2025). The aggregate gross proceeds amounted to approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.3pt;position:var(--position);text-decoration:none;white-space:pre">$747.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.15pt;position:var(--position);text-decoration:none;white-space:pre">, equivalent to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:254.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.2pt;position:var(--position);text-decoration:none;white-space:pre">€637.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.05pt;position:var(--position);text-decoration:none;white-space:pre">, before deduction of underwriting commissions and estimated expenses, and the net proceeds, after </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:266.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">deducting underwriting commissions and estimated offering expenses, were approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.26pt;position:var(--position);text-decoration:none;white-space:pre">$700.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.11pt;position:var(--position);text-decoration:none;white-space:pre">, equivalent to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:278.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.2pt;position:var(--position);text-decoration:none;white-space:pre">€597.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.05pt;position:var(--position);text-decoration:none;white-space:pre">. The net cash from the Offering of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.4pt;position:var(--position);text-decoration:none;white-space:pre">€608.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.25pt;position:var(--position);text-decoration:none;white-space:pre"> presented within the Unaudited Condensed Interim </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:290.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Statements of Cash Flows also includes the effect of a net foreign exchange gain </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.61pt;position:var(--position);text-decoration:none;white-space:pre">resulting from the favorable change in the euro to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:302.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">U.S. dollar exchange rate between the closing of the Offering and the date of receipt of funds.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:326.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group believes that the net proceeds from the Offering, together with its current cash and cash equivalents, will allow it to finance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:338.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">its operations into the fourth quarter of 2027, allowing it to reach 12 months of expected cash runway following the planned NDA </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:350.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">submission for UC, assuming positive results from its Phase 3 maintenance trial (see Note 2 above "Going concern").</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:374.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of the Heights convertible notes, Kreos OCABSA and Kreos / Claret BSA and prepayment of the Kreos / Claret Tranches </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:386.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">B and C bond loans –</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:122.92pt;position:var(--position);text-decoration:none;white-space:pre"> July-December 2025 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:409.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On July 23 and July 30, 2025, the Group received notices from entities affiliated with Heights Capital Management, which hold </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:421.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amortizing senior convertible notes of the Group issued in August 2023 (the “Height convertible notes”), for the immediate conversion </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:433.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of respectively </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.58pt;position:var(--position);text-decoration:none;white-space:pre">150</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.58pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.01pt;position:var(--position);text-decoration:none;white-space:pre">200</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.01pt;position:var(--position);text-decoration:none;white-space:pre"> convertible notes (corresponding to the entirety of the outstanding principal amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.47pt;position:var(--position);text-decoration:none;white-space:pre">€21.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:551.32pt;position:var(--position);text-decoration:none;white-space:pre">) into </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:445.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">920,377</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre"> new ordinary shares of the Group at a conversion price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.83pt;position:var(--position);text-decoration:none;white-space:pre">€23.7674</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.33pt;position:var(--position);text-decoration:none;white-space:pre"> per ordinary share in accordance with the terms and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:457.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">conditions of the convertible notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.96pt">On August 8, 2025, Kreos Capital VII (UK) Limited converted its portion of the Tranche A of the Kreos / Claret Financing (the Kreos</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:492.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:163.99pt">OCABSA), resulting in the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.99pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">785,389</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.49pt;position:var(--position);text-decoration:none;white-space:pre;width:343.39pt"> ordinary shares. In addition, on July 30, 2025 Kreos Capital VII Aggregator SCSp</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:414.04pt">exercised its share warrants (the tranche A-B BSA and tranche C BSA) resulting in the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.04pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">319,251</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.54pt;position:var(--position);text-decoration:none;white-space:pre;width:93.36pt"> ordinary shares of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:28.05pt">Group.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On August 28, 2025, Claret European Growth Capital Fund III SCSp exercised its share warrants (the tranche A-B BSA and tranche C </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">BSA) resulting in the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.87pt;position:var(--position);text-decoration:none;white-space:pre">206,662</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.37pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares of the Group.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:573.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On November 25, 2025, Claret European Growth Capital Fund III SCSp converted its portion of the Tranche A portion of the Kreos / </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:584.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Claret Financing (the Claret OCABSA), resulting in the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.74pt;position:var(--position);text-decoration:none;white-space:pre">392,695</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.24pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares of the Group. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:607.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On December 23, 2025, the Group completed the full prepayment of the outstanding balances of Tranches B and C of the Kreos / </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Claret Financing. The repayment amount, including end-of-loan exit fees and prepayment fees, amounts to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:465.22pt;position:var(--position);text-decoration:none;white-space:pre">33,823 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.31pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:643.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Following these transactions, the Group no longer holds any debt related to the Kreos / Claret and Heights Financings.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:678.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The impacts of these operations on the Group's financial statements are set forth in Note 15.1 and 15.2.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:702.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Admission to the CAC Mid 60 and SBF 120 indices - September 2025</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:82.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Following the annual review of the Euronext Paris indices on September 11, 2025, the Scientific Council of the Indices has decided to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:94.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">admit the Company to the CAC Mid 60 and SBF 120 indices. This decision took effect on Friday, September 19, 2025, after market </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:106.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">close. The CAC Mid 60 and SBF 120 are key indices on the Euronext Paris exchange, representing mid-sized listed companies and a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:118.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">broader selection of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.84pt;position:var(--position);text-decoration:none;white-space:pre">120</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.84pt;position:var(--position);text-decoration:none;white-space:pre"> major securities, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:154.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 3.2. For the three-month period ended March 31, 2026</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:184.111pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Share-based compensation plans</span><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:italic;font-weight:normal;left:168.14pt;position:var(--position);text-decoration:none;top:-3.151pt;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:171.14pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">– February and March 2026</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:206.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In February and March 2026 certain of the Group's officers and employees were allocated  </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.45pt;position:var(--position);text-decoration:none;white-space:pre">47,500</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.95pt;position:var(--position);text-decoration:none;white-space:pre"> AGAs (AGA plan 2026-1), </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:542.35pt;position:var(--position);text-decoration:none;white-space:pre">294,476</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:574.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:217.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(AGA plan 2026-2), </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.85pt;position:var(--position);text-decoration:none;white-space:pre">1,619</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.35pt;position:var(--position);text-decoration:none;white-space:pre"> (AGA plan 2026-3) in the aggregate, the vesting of which is subject to the following service condition: </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:229.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54.33pt;position:var(--position);text-decoration:none;white-space:pre"> of the AGAs vest at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.09pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.08pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.6pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.26pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.59pt;position:var(--position);text-decoration:none;white-space:pre"> at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.18pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.14pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.66pt;position:var(--position);text-decoration:none;white-space:pre"> period from the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">allocation date and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.93pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.26pt;position:var(--position);text-decoration:none;white-space:pre"> at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.85pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:210.51pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.03pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:263.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In February 2026, the Group granted its independent Board members, as well as a board observer and advisor, the right to subscribe up </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:275.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.269999999999996pt;position:var(--position);text-decoration:none;white-space:pre">23,477</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.77000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> share warrants (BSA) in the aggregate, the vesting of which is subject to a service condition of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.95pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.61pt;position:var(--position);text-decoration:none;white-space:pre"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.19pt;position:var(--position);text-decoration:none;white-space:pre">, by tranches of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:287.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54.33pt;position:var(--position);text-decoration:none;white-space:pre"> each, vested on each February 1st thereafter. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.42pt;position:var(--position);text-decoration:none;white-space:pre">The BSAs were subscribed in February 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.28pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:underline;white-space:pre">Changes in Management - March 2026</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:335.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In March 2026, the Group appointed Michael Nesrallah, MBA, as Chief Commercial Officer, Keith Fournier, Ph.D., as Senior Vice </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:346.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">President of Global Regulatory Affairs, and Maurus de la Rosa, Ph.D., Senior Vice President of Research.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In March 2026, Sofinnova Partners, represented by Dr. Kinam Hong, stepped down from the Group's Board of Directors.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:391.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In light of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.47pt;position:var(--position);text-decoration:none;white-space:pre">Dr.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> Didier Scherrer's departure</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.79pt;position:var(--position);text-decoration:none;white-space:pre"> from his role as Chief Scientific Officer, the Group entered into a settlement agreement </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:402.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">("protocole d’accord transactionnel") with D</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:214.5pt;position:var(--position);text-decoration:none;white-space:pre">r. Didier Scherrer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.69pt;position:var(--position);text-decoration:none;white-space:pre"> under which:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:413.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Dr. Scherrer received a balance of notice pay in the total gross amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.91pt;position:var(--position);text-decoration:none;white-space:pre">€278 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.5pt;position:var(--position);text-decoration:none;white-space:pre">, together with a contractual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">severance indemnity of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre">€240 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.3pt;position:var(--position);text-decoration:none;white-space:pre"> (net);</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:436.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Group waived the continued employment condition attached to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.41pt;position:var(--position);text-decoration:none;white-space:pre">77,050</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.91pt;position:var(--position);text-decoration:none;white-space:pre"> free shares previously granted to Dr. Scherrer;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:447.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Group waived the continued employment condition for a further </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.16pt;position:var(--position);text-decoration:none;white-space:pre">40,200</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.66pt;position:var(--position);text-decoration:none;white-space:pre"> free shares, subject to specific performance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:458.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">conditions;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:469.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the remaining </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.7pt;position:var(--position);text-decoration:none;white-space:pre">217,750</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.2pt;position:var(--position);text-decoration:none;white-space:pre"> free shares previously granted to Dr. Scherrer are lapsed; and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:481.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Dr. Scherrer irrevocably waived all claims and renounced any legal action against the Group. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:504.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The accounting treatment of this transaction is set forth in Note 14.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 3.3. Subsequent events</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:97.711pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Repurchase of royalty certificates</span><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:italic;font-weight:normal;left:171.08pt;position:var(--position);text-decoration:none;top:-3.151pt;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:174.08pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">– May 2026</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:120.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On May 4, 2026, the Group</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> entered into a purchase agreement with the holders of its royalty certificates (TCG Crossover Fund I, L.P., </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">VHCP ABVX Holdings, LLC, Deep Track Biotechnology Master Fund, Ltd., Sofinnova Crossover I SLP, Invus Public Equities, L.P., </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:144.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">FPCI BioMedTech and Santé Holdings Srl, together referred to as the “Holders”). Pursuant to the agreement, the Holders agreed to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:156.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">sell, and the Group agreed to purchase, all of the royalty certificates for a purchase price equal to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.48pt;position:var(--position);text-decoration:none;white-space:pre">$90 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.83pt;position:var(--position);text-decoration:none;white-space:pre"> (equivalent to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.2pt;position:var(--position);text-decoration:none;white-space:pre">€76.5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.7pt;position:var(--position);text-decoration:none;white-space:pre"> millio</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.05pt;position:var(--position);text-decoration:none;white-space:pre">n), of which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.13pt;position:var(--position);text-decoration:none;white-space:pre">$45 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.48pt;position:var(--position);text-decoration:none;white-space:pre"> was paid in cash on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.74pt;position:var(--position);text-decoration:none;white-space:pre">May 7, 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Holders granted the Group an interest-free vendor’s loan ("crédit vendeur") in a total amount equal to the remaining </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.98pt;position:var(--position);text-decoration:none;white-space:pre">$45 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:566.33pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to be reinvested in the Group's securities by way of set off against the subscription price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.03pt;position:var(--position);text-decoration:none;white-space:pre">403,347</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.53pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares in the form of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">ADSs to be issued by the Group to the Holders, at an offering price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.54pt;position:var(--position);text-decoration:none;white-space:pre">$111.57</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.04pt;position:var(--position);text-decoration:none;white-space:pre"> per ADS (corresponding to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.58pt;position:var(--position);text-decoration:none;white-space:pre">€95.34</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:492.08pt;position:var(--position);text-decoration:none;white-space:pre"> per ordinary share, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on the exchange rate of €1.00 = $</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.09pt;position:var(--position);text-decoration:none;white-space:pre">1.1702</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.59pt;position:var(--position);text-decoration:none;white-space:pre"> as published by the European Central Bank on April 30, 2026). The set-off and the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">corresponding issuance and delivery of the ADSs to the Holders occurred on May 7, 2026. The vendor's loan was fully extinguished at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">that date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The royalty certificates repurchased by the Group were immediately cancelled by the Group.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Based on the information available as of the date of issuance of the financial statements, the estimated impact in profit or loss of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">repurchase of the royalty certificates on May 7, 2026 is expected to result in an expense of approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.22pt;position:var(--position);text-decoration:none;white-space:pre">€43.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre">, to be </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognized in the second quarter of 2026. The amount corresponds to the difference between the certificates' carrying amount on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:336.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">repurchase date of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.73pt;position:var(--position);text-decoration:none;white-space:pre">€33.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.58pt;position:var(--position);text-decoration:none;white-space:pre"> and the total consideration transferred, comprising cash and equity consideration of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.8pt;position:var(--position);text-decoration:none;white-space:pre">€38.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:348.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">each, based on the exchange rate prevailing on that date. Consequently, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.67pt;position:var(--position);text-decoration:none;white-space:pre">€6.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.52pt;position:var(--position);text-decoration:none;white-space:pre"> deferred tax liability recognized in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:360.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group's statements of financial position as of March 31, 2026 will be derecognized, and a corresponding tax income will be </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognized (see Note 22).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:395.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On May 7, 2026, the Group filed a prospectus supplement to its effective shelf registration statement on Form F-3ASR filed with the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:407.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Securities and Exchange Commission on July 23, 2025, for the purpose of registering for resale up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.15pt;position:var(--position);text-decoration:none;white-space:pre">403,347</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.65pt;position:var(--position);text-decoration:none;white-space:pre"> ADSs held by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:419.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Holders</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:67.64pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> 125000 P4Y 0.25 8 6280727 0.50 P2Y 0.25 P3Y 0.25 P4Y 123102 P2Y 50000 4319500 39370 P4Y 0.25 6.64 57.00 11679400 64.00 54.58 1.1726 747500000 637500000 700300000 597200000 608100000 150 200 21900000 920377 23.7674 785389 319251 206662 392695 33823000 47500 294476 1619 0.50 P2Y 0.25 P3Y 0.25 P4Y 23477 P4Y 0.25 278000 240000 77050 40200 217750 90000000 76500000 45000000 45000000 403347 111.57 95.34 1.1702 43000000.0 33500000 38200000 38200000 6100000 -6100000 403347 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Accounting principles </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group's accounting policies are the same as those described in the annual consolidated financial statements of the Group as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:475.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025 accompanying the Annual Report, with the exception of the change in accounting policy implemented following </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:485.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the application of the Amendments to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.15pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures – Amendments to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Classification and Measurement of Financial Instruments (see Note 2). Under the new accounting policy, the Group derecognises </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:505.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">financial liabilities on the settlement date. However, for certain financial liabilities settled with cash using electronic payment systems, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Group applies an exception on a system-by-system basis to derecognise financial liabilities earlier. For these liabilities, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">derecognition occurs when the Group’s ability to withdraw, stop or cancel the payment instruction is surrendered and the other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:535.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">eligibility criteria are met.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Use of judgments and estimates </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:596.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In preparing these unaudited condensed consolidated financial statements, management has made judgments and estimates that affect </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:607.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the application of the Group’s accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">values may differ from estimated values. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The significant judgments made by management in the application of the Group’s accounting policies and the key sources of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:641.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">estimation uncertainty are the same as those described in the annual consolidated financial statements of the Group as of December 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:652.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 accompanying the Annual Report. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.07pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Measurement of fair values</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">A number of the Group’s accounting policies require the measurement of fair values, for both financial and non-financial assets and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:80.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">When measuring the fair value of an asset or a liability, the Group uses market observable data as far as possible. Fair values are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.69999999999999pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.69999999999999pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">(i.e., prices) or indirectly (i.e., derived from prices).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.69999999999999pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Seasonality of operations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:222.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s operations are not subject to significant seasonality.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Use of judgments and estimates </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:596.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In preparing these unaudited condensed consolidated financial statements, management has made judgments and estimates that affect </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:607.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the application of the Group’s accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">values may differ from estimated values. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The significant judgments made by management in the application of the Group’s accounting policies and the key sources of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:641.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">estimation uncertainty are the same as those described in the annual consolidated financial statements of the Group as of December 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:652.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 accompanying the Annual Report. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.07pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Measurement of fair values</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">A number of the Group’s accounting policies require the measurement of fair values, for both financial and non-financial assets and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:80.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">When measuring the fair value of an asset or a liability, the Group uses market observable data as far as possible. Fair values are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.69999999999999pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.69999999999999pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">(i.e., prices) or indirectly (i.e., derived from prices).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.69999999999999pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Seasonality of operations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:222.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s operations are not subject to significant seasonality.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Segment information </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:268.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The assessment of the Group’s performance and the decisions about resources to be allocated are made by the chief operating decision </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:278.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">maker, based on the management reporting system of the Group. The Group identified the Chief Executive Officer of the Group as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">“Chief operating decision maker”. The Chief operating decision maker reviews on an aggregated basis the incurred expenses for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:298.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">allocating and evaluating performance of the Group. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:320.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group operates in a single operating segment: R&amp;D of pharmaceutical products in order to market them in the future. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Substantially all operations, assets, liabilities, and losses of the Group are located in France. As of March 31, 2026, the Subsidiary’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:353.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">contributions to the Group’s liabilities and net losses were less than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.2pt;position:var(--position);text-decoration:none;white-space:pre">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.53pt;position:var(--position);text-decoration:none;white-space:pre"> and its contribution to the Group's assets were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.65pt;position:var(--position);text-decoration:none;white-space:pre">30.5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.48pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:364.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(consisting predominantly of cash and cash equivalents).</span></div> 0.10 0.10 0.305 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Goodwill and impairment test </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Goodwill relates to the acquisition of Splicos SAS that occurred in 2014 (i.e., prior to the transition date to IFRS) which was merged </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:427.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">into the Group the same year. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:449.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Goodwill from the Splicos SAS acquisition corresponds to the “Modulation of RNA biogenesis / splicing” technological platform, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:460.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">from which derived the lead drug candidate of the Group: obefazimod. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:483.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In accordance with IAS 36, goodwill is allocated to groups of cash generating units (CGUs) at a level corresponding to the lead drug </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:494.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">candidates. Thus, goodwill from Splicos SAS is allocated to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.82pt;position:var(--position);text-decoration:none;white-space:pre">obefazimod.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.48pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:516.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The net carrying amount of Splicos SAS goodwill is €</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.77pt;position:var(--position);text-decoration:none;white-space:pre">18,419</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.27pt;position:var(--position);text-decoration:none;white-space:pre"> thousand as of December 31, 2025 and March 31, 2026. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:528.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Obefazimod is currently in clinical development, so a clinical trial failure or a failure to obtain a marketing approval could result in an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:539.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">impairment. As of March 31, 2026, the Group has not identified any indication of impairment loss related to goodwill, intangible or </span></div>tangible assets. 18419000 18419000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:595.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets are mainly comprised of the intellectual property underlying: </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:66.55pt;position:var(--position)">(i)<span style="display:inline-block;height:6.93pt;width:15.07pt"></span></span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">The collaboration and license agreement with the French National Centre for Scientific Research (CNRS), Montpellier 2 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:621.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">University and the Curie. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:637.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:66.55pt;position:var(--position)">(ii)<span style="display:inline-block;height:6.93pt;width:12.3pt"></span></span><span style="left:91.05pt;position:var(--position)">Patents acquired through the acquisition of Prosynergia of </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.82pt;position:var(--position);text-decoration:none;white-space:pre">€6,529 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.91pt;position:var(--position);text-decoration:none;white-space:pre">. The patents are not yet amortized, similarly </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:647.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.05pt;position:var(--position);text-decoration:none;white-space:pre">to licenses, and are included in obefazimod CGU for impairment test purposes.</span></div><div style="font-size:12pt;line-height:1pt;position:var(--position);top:669.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:1pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:670.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Licenses and patents recognized as Intangible assets are not amortized since they are not operating in a manner intended by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">management. As a consequence, and in accordance with IAS 36, those assets were subject to an annual impairment test as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:690.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025, which did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.5pt;position:var(--position);text-decoration:none;white-space:pre"> result in any impairment loss. As of March 31, 2026, no indicator of impairment has been </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:700.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">identified.</span></div><div style="position:var(--position);top:70.56pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:466.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:194.25pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:45.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.49pt;position:var(--position);text-decoration:none;white-space:pre">LICENSES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">SOFTWARE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.82pt;position:var(--position);text-decoration:none;white-space:pre">PATENTS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.88pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">GROSS VALUES</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:42.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:42.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:42.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:42.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:63.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:96.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:96.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:96.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:96.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:117.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:117.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:117.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:117.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:228.94pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:464.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:194.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);text-decoration:none;white-space:pre">LICENSES</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.75pt;position:var(--position);text-decoration:none;white-space:pre">SOFTWARE</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.2pt;position:var(--position);text-decoration:none;white-space:pre">PATENTS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZATION</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(25)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(70)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(25)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(70)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(26)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(71)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(26)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(71)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:367.24pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:464.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:194.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.48pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:45.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);text-decoration:none;white-space:pre">LICENSES</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.75pt;position:var(--position);text-decoration:none;white-space:pre">SOFTWARE</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.2pt;position:var(--position);text-decoration:none;white-space:pre">PATENTS</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">NET BOOK VALUES</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">75<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.21pt"></span></span><span style="left:57.84pt;position:var(--position)">2<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,606<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">75<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.21pt"></span></span><span style="left:57.84pt;position:var(--position)">2<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,605<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">75<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.21pt"></span></span><span style="left:57.84pt;position:var(--position)">1<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,605<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 6529000 0 <div style="font-size:0pt;left:36pt;position:var(--position);width:466.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:194.25pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:45.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.49pt;position:var(--position);text-decoration:none;white-space:pre">LICENSES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">SOFTWARE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.82pt;position:var(--position);text-decoration:none;white-space:pre">PATENTS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.88pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">GROSS VALUES</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:42.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:42.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:42.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:42.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:63.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:96.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:96.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:96.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:96.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:117.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.46pt"></span></span><span style="left:49.09pt;position:var(--position)">120<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:117.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.46pt"></span></span><span style="left:53.09pt;position:var(--position)">27<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:117.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:40.46pt"></span></span><span style="left:43.09pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:117.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">6,677<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div><div style="position:var(--position);top:228.94pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:464.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:194.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);text-decoration:none;white-space:pre">LICENSES</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.75pt;position:var(--position);text-decoration:none;white-space:pre">SOFTWARE</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.2pt;position:var(--position);text-decoration:none;white-space:pre">PATENTS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZATION</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(25)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:24pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(70)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(25)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:45pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(70)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(26)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(71)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(45)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.22pt"></span></span><span style="left:50.85pt;position:var(--position)">(26)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(71)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:367.24pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:464.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:194.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.48pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:45.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);text-decoration:none;white-space:pre">LICENSES</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.75pt;position:var(--position);text-decoration:none;white-space:pre">SOFTWARE</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.2pt;position:var(--position);text-decoration:none;white-space:pre">PATENTS</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">NET BOOK VALUES</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">75<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.21pt"></span></span><span style="left:57.84pt;position:var(--position)">2<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,606<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">75<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.21pt"></span></span><span style="left:57.84pt;position:var(--position)">2<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:65.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,605<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:194.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:194.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">75<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.21pt"></span></span><span style="left:57.84pt;position:var(--position)">1<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,529<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,605<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 120000 27000 6529000 6677000 120000 27000 6529000 6677000 120000 27000 6529000 6677000 120000 27000 6529000 6677000 -45000 -25000 0 -70000 -45000 -25000 0 -70000 -45000 -26000 0 -71000 -45000 -26000 0 -71000 75000 2000 6529000 6606000 75000 2000 6529000 6605000 75000 1000 6529000 6605000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant and equipment</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:83.86pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present changes in property, plant and equipment including the right of use of assets (or “ROU”) as of March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93.86pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 and 2026:</span></div><div style="position:var(--position);top:118.49pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:525.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:213.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:41.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:32.48pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:55.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);text-decoration:none;white-space:pre">BUILDINGS</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.35pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.82pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.25pt;position:var(--position);text-decoration:none;white-space:pre">FURNITURE </span></div><div style="line-height:8pt;position:var(--position);top:13.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.34pt;position:var(--position);text-decoration:none;white-space:pre">AND </span></div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.69pt;position:var(--position);text-decoration:none;white-space:pre">COMPUTER </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.35pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.01pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.79pt;position:var(--position);text-decoration:none;white-space:pre">OF WHICH </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">ROU</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">GROSS VALUES</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,818<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">513<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">698<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,029<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,526<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">25<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">25<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(29)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.3pt"></span></span><span style="left:49.93pt;position:var(--position)">(5)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(34)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.3pt"></span></span><span style="left:49.93pt;position:var(--position)">(4)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(16)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(20)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(21)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,814<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">484<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:336.75pt;overflow:hidden;position:var(--position);top:121.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">702<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:399.75pt;overflow:hidden;position:var(--position);top:121.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">0</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,000<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:462.75pt;overflow:hidden;position:var(--position);top:121.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">0</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,505<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">3,204<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">463<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">607<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,274<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,865<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:175.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">11<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">44<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">55<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:187.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.96pt"></span></span><span style="left:52.59pt;position:var(--position)">8<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.96pt"></span></span><span style="left:52.59pt;position:var(--position)">3<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">11<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.96pt"></span></span><span style="left:52.59pt;position:var(--position)">8<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:198.75pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">3,212<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">474<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">654<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,340<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,874<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:357.87pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:201.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:41.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:32.48pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:49.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);text-decoration:none;white-space:pre">BUILDINGS</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.82pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.75pt;position:var(--position);text-decoration:none;white-space:pre">FURNITURE </span></div><div style="line-height:8pt;position:var(--position);top:13.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.84pt;position:var(--position);text-decoration:none;white-space:pre">AND </span></div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.19pt;position:var(--position);text-decoration:none;white-space:pre">COMPUTER </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.29pt;position:var(--position);text-decoration:none;white-space:pre">OF WHICH </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">ROU</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DEPRECIATION</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(613)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:264.75pt;overflow:hidden;position:var(--position);top:53.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(419)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(332)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,363)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(575)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(224)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.3pt"></span></span><span style="left:48.93pt;position:var(--position)">(34)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(266)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(194)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposal</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">29<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">5<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">34<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">1<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">5<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">6<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">2<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(836)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(398)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(356)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,590)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(767)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,498)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(404)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(281)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(2,184)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,302)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(314)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.3pt"></span></span><span style="left:48.93pt;position:var(--position)">(48)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(369)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(280)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(6)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">1<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(4)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(6)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,818)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(412)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(328)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(2,558)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,587)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:585.62pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:538.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:200.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.2pt;position:var(--position);text-decoration:none;white-space:pre">BUILDINGS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.98pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:336.75pt;overflow:hidden;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:-25.43pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.87pt;position:var(--position);text-decoration:none;white-space:pre">FURNITURE </span></div><div style="line-height:8pt;position:var(--position);top:-15.83pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.97pt;position:var(--position);text-decoration:none;white-space:pre">AND </span></div><div style="line-height:8pt;position:var(--position);top:-6.23pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">COMPUTER </span></div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.98pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:473.25pt;overflow:hidden;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:-6.23pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.41pt;position:var(--position);text-decoration:none;white-space:pre">OF WHICH </span></div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">ROU</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">NET BOOK VALUES</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,205<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">94<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">366<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,666<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:473.25pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,950<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,706<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">59<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">325<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,090<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:473.25pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,563<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,395<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">62<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">326<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,783<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:473.25pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,286<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:699.92pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Right of use assets relate to buildings, vehicles and furniture. The net book value of right of use assets related to buildings a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.46pt;position:var(--position);text-decoration:none;white-space:pre">mounted to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.7pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:711.92pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€1,655</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.5pt;position:var(--position);text-decoration:none;white-space:pre"> thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.09pt;position:var(--position);text-decoration:none;white-space:pre"> as of March 31, 2025, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.82pt;position:var(--position);text-decoration:none;white-space:pre">€1,473 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> as of December 31, 2025 and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.03pt;position:var(--position);text-decoration:none;white-space:pre">€1,201</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.53pt;position:var(--position);text-decoration:none;white-space:pre"> t</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.8pt;position:var(--position);text-decoration:none;white-space:pre">housand as of March 31, 2026. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:60.44pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.02pt;position:var(--position);text-decoration:none;white-space:pre">, no indicator of impairment has been identified.</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present changes in property, plant and equipment including the right of use of assets (or “ROU”) as of March 31, </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93.86pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 and 2026:</span></div><div style="position:var(--position);top:118.49pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:525.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:213.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:41.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:32.48pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:55.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);text-decoration:none;white-space:pre">BUILDINGS</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.35pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.82pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.25pt;position:var(--position);text-decoration:none;white-space:pre">FURNITURE </span></div><div style="line-height:8pt;position:var(--position);top:13.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.34pt;position:var(--position);text-decoration:none;white-space:pre">AND </span></div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.69pt;position:var(--position);text-decoration:none;white-space:pre">COMPUTER </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.35pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.01pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.79pt;position:var(--position);text-decoration:none;white-space:pre">OF WHICH </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">ROU</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">GROSS VALUES</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,818<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">513<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">698<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,029<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:65.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,526<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">25<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">25<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:86.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(29)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.3pt"></span></span><span style="left:49.93pt;position:var(--position)">(5)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(34)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.3pt"></span></span><span style="left:49.93pt;position:var(--position)">(4)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(16)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(20)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.3pt"></span></span><span style="left:45.93pt;position:var(--position)">(21)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,814<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">484<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:336.75pt;overflow:hidden;position:var(--position);top:121.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">702<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:399.75pt;overflow:hidden;position:var(--position);top:121.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">0</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,000<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:462.75pt;overflow:hidden;position:var(--position);top:121.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">0</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:121.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,505<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">3,204<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">463<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">607<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,274<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,865<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:175.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">11<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">44<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">55<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:175.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:187.5pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.96pt"></span></span><span style="left:52.59pt;position:var(--position)">8<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.96pt"></span></span><span style="left:52.59pt;position:var(--position)">3<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">11<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:187.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.56pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.96pt"></span></span><span style="left:52.59pt;position:var(--position)">8<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:198.75pt;width:213.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:213.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">3,212<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:276.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">474<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">654<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">4,340<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:198.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">2,874<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:357.87pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:201.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:41.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:32.48pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:49.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);text-decoration:none;white-space:pre">BUILDINGS</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.82pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.75pt;position:var(--position);text-decoration:none;white-space:pre">FURNITURE </span></div><div style="line-height:8pt;position:var(--position);top:13.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.84pt;position:var(--position);text-decoration:none;white-space:pre">AND </span></div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.19pt;position:var(--position);text-decoration:none;white-space:pre">COMPUTER </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);width:63pt"><div><div style="line-height:8pt;position:var(--position);top:23.02pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.29pt;position:var(--position);text-decoration:none;white-space:pre">OF WHICH </span></div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">ROU</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DEPRECIATION</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(613)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;left:264.75pt;overflow:hidden;position:var(--position);top:53.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(419)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(332)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,363)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:53.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(575)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(224)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.3pt"></span></span><span style="left:48.93pt;position:var(--position)">(34)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(266)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:74.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(194)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposal</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">29<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">5<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">34<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:86.25pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">1<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">5<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">6<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:99pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">2<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(836)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(398)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(356)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,590)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:111.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(767)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,498)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(404)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(281)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(2,184)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:144.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,302)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(314)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.3pt"></span></span><span style="left:48.93pt;position:var(--position)">(48)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(369)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:165.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(280)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of the change in foreign currency exchange rates</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(6)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.96pt"></span></span><span style="left:55.59pt;position:var(--position)">1<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(4)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:177.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.3pt"></span></span><span style="left:52.93pt;position:var(--position)">(6)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,818)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(412)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:42.3pt"></span></span><span style="left:44.93pt;position:var(--position)">(328)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(2,558)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:189.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.3pt"></span></span><span style="left:38.93pt;position:var(--position)">(1,587)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:585.62pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:538.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:200.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.2pt;position:var(--position);text-decoration:none;white-space:pre">BUILDINGS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.98pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:336.75pt;overflow:hidden;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:-25.43pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.87pt;position:var(--position);text-decoration:none;white-space:pre">FURNITURE </span></div><div style="line-height:8pt;position:var(--position);top:-15.83pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.97pt;position:var(--position);text-decoration:none;white-space:pre">AND </span></div><div style="line-height:8pt;position:var(--position);top:-6.23pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">COMPUTER </span></div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.98pt;position:var(--position);text-decoration:none;white-space:pre">EQUIPMENT</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:473.25pt;overflow:hidden;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:-6.23pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.41pt;position:var(--position);text-decoration:none;white-space:pre">OF WHICH </span></div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">ROU</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">NET BOOK VALUES</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,205<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">94<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">366<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,666<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:473.25pt;position:var(--position);top:33pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,950<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,706<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">59<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">325<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,090<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:473.25pt;position:var(--position);top:54pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,563<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:200.25pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,395<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">62<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">326<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,783<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:473.25pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,286<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2818000 513000 698000 4029000 2526000 0 0 25000 25000 0 0 29000 5000 34000 0 -4000 0 -16000 -20000 -21000 2814000 484000 702000 4000000 2505000 3204000 463000 607000 4274000 2865000 0 11000 44000 55000 0 8000 0 3000 11000 8000 3212000 474000 654000 4340000 2874000 -613000 -419000 -332000 -1363000 -575000 224000 8000 34000 266000 194000 0 -29000 -5000 -34000 0 1000 0 5000 6000 2000 -836000 -398000 -356000 -1590000 -767000 -1498000 -404000 -281000 -2184000 -1302000 314000 8000 48000 369000 280000 -6000 0 1000 -4000 -6000 -1818000 -412000 -328000 -2558000 -1587000 2205000 94000 366000 2666000 1950000 1706000 59000 325000 2090000 1563000 1395000 62000 326000 1783000 1286000 1655000 1473000 1201000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135.46pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets break down as follows:</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:146.76pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:163.56pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:396pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:72pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:70.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.34pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.91pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">OTHER FINANCIAL ASSETS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Advances related to CRO contracts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:42.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">4,665<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:42.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:42.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.21pt"></span></span><span style="left:52.84pt;position:var(--position)">4,693<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deposits</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:54.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.96pt"></span></span><span style="left:56.59pt;position:var(--position)">693<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:54.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:54.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">702<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total other non-current financial assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:66.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">5,358<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:66.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.21pt"></span></span><span style="left:52.84pt;position:var(--position)">5,395<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Advances related to CRO contracts</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:78.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">7,717<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:78.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:78.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.21pt"></span></span><span style="left:52.84pt;position:var(--position)">7,903<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other investments</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:90.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">13,698<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:90.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:90.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">14,128<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total other current financial assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:102.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">21,415<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:102.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">22,032<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:114.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">26,772<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:114.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">27,426<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:319.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Advances related to CRO contracts </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:338.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These advances granted in 2022 for a total undiscounted amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.11pt;position:var(--position);text-decoration:none;white-space:pre">€12,187 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.2pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.7pt;position:var(--position);text-decoration:none;white-space:pre">for clinical studies are to be recovered at the end </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:351.91pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of the studies after final reconciliation with pass-through costs, which are being invoiced and paid as studies are carried out. These </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:365.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">long-term advances were measured at fair value on initial recognition, using discount rates ranging from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.5pt;position:var(--position);text-decoration:none;white-space:pre">0.19%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.33pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.1pt;position:var(--position);text-decoration:none;white-space:pre">7.16%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre">, and are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:378.51pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">subsequently measured at amortized cost. The recovery dates of the first two advances are scheduled in 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:397.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">During the first half of 2023, additional advances related to CRO contracts amounting to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.55pt;position:var(--position);text-decoration:none;white-space:pre">€1,620 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.64pt;position:var(--position);text-decoration:none;white-space:pre"> were made (undiscounted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:409.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amount). These long-term advances were measured at fair value on initial recognition, using discount rates ranging from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.15pt;position:var(--position);text-decoration:none;white-space:pre">7.09%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:545.98pt;position:var(--position);text-decoration:none;white-space:pre"> to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:421.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">7.59%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.83pt;position:var(--position);text-decoration:none;white-space:pre">, and are subsequently measured at amortized cost. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:439.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">At inception, a prepaid expenses asset was recognized for the difference between the advances’ nominal value and fair value, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:453.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">spread over the term of the advances, at the rate of recognition of the related R&amp;D expenses (see Note 10).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:472.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In March 2024, a change order was signed with the CRO, extending the scope (addition of maintenance studies) and end date of one of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:484.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the studies to 2029, thus postponing the recovery date of the corresponding advance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.85pt;position:var(--position);text-decoration:none;white-space:pre">€5,538 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.94pt;position:var(--position);text-decoration:none;white-space:pre"> from June 2026 to June 2029. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:496.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group considered that this asset modification met the criteria for derecognition, and recognized a new financial asset at fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:508.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on that date, using a discount rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.34pt;position:var(--position);text-decoration:none;white-space:pre">6.83%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.17pt;position:var(--position);text-decoration:none;white-space:pre">. Since the Group considers that these advances are made in exchange for a discount on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:520.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">future services to be received from the CROs, a prepaid expense asset was also recognized for the difference between the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:532.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">derecognized asset carrying value and new asset fair value, and spread over the term of the advance (equal to the period of service) in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:544.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">a similar manner.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:562.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of March 31, 2026, the recovery dates of these advances are spread from 2026 to 2030.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:581.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The credit risk related to these advances is deemed insignificant due to the CROs' credit ratings.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:605.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Other investments</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:629.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Other investments consist of 9-month and 12-month term deposits that do not qualify for a classification under cash and cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:641.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equivalents.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Deposits</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:695.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Deposits include amounts related to the Paris and Boston offices lease contracts, the ATM Program, as well as other security deposits.</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets break down as follows:</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:146.76pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:163.56pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:396pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:72pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:70.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.34pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.91pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">OTHER FINANCIAL ASSETS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Advances related to CRO contracts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:42.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">4,665<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:42.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:42.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.21pt"></span></span><span style="left:52.84pt;position:var(--position)">4,693<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deposits</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:54.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.96pt"></span></span><span style="left:56.59pt;position:var(--position)">693<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:54.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:54.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">702<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total other non-current financial assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:66.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">5,358<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:66.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.21pt"></span></span><span style="left:52.84pt;position:var(--position)">5,395<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Advances related to CRO contracts</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:78.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">7,717<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:78.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:78.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.21pt"></span></span><span style="left:52.84pt;position:var(--position)">7,903<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other investments</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:90.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">13,698<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:318.75pt;overflow:hidden;position:var(--position);top:90.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:90.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">14,128<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total other current financial assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:102.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">21,415<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:102.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">22,032<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:243.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:243.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:246.75pt;position:var(--position);top:114.75pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">26,772<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:114.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">27,426<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4665000 4693000 693000 702000 5358000 5395000 7717000 7903000 13698000 14128000 21415000 22032000 26772000 27426000 12187000 0.0019 0.0716 1620000 0.0709 0.0759 5538000 0.0683 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:118.41pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Other receivables and assets break down as follows:</span><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:250.37pt;position:var(--position);text-decoration:none;top:-2.75pt;white-space:pre"> </span></div><div style="position:var(--position);top:127.54pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:369.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:233.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:65.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.53pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">OTHER RECEIVABLES AND ASSETS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit ("CIR")</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,139<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:54.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">625<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:54.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">581<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total non-current other receivables and assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">625<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,720<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit ("CIR")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">3,196<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">3,196<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">VAT receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,870<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">7,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,649<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,958<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee-related receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">429<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">190<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total current other receivables and assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:126.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,144<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:126.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,766<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:138.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:138.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:301.29pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit (“CIR”) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:323.29pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The CIR is recognized as Other Operating Income in the year to which the eligible research expense relates. The Group received the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:334.49pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">payment for the CIR for the 2024 tax year of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.49pt;position:var(--position);text-decoration:none;white-space:pre">€5,640 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.35pt;position:var(--position);text-decoration:none;white-space:pre">June 2025 </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.67pt;position:var(--position);text-decoration:none;white-space:pre">and expects to receive the CIR for the 2025 year of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.37pt;position:var(--position);text-decoration:none;white-space:pre">€3,196 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:345.69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.09pt;position:var(--position);text-decoration:none;white-space:pre"> in the second half of 2026.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.17pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.67pt;position:var(--position);text-decoration:none;white-space:pre">The additional CIR of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.12pt;position:var(--position);text-decoration:none;white-space:pre">€1,139 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.21pt;position:var(--position);text-decoration:none;white-space:pre"> recorded over the three-month period ended March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:356.89pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026 relates to research expenses incurred during the period.</span></div><div style="font-size:12pt;line-height:1pt;position:var(--position);top:380.09pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:1pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381.29pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:405.29pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses as of March 31, 2026 include prepaid expenses related to CRO contracts for an amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:469.16pt;position:var(--position);text-decoration:none;white-space:pre">€961 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.75pt;position:var(--position);text-decoration:none;white-space:pre"> (see Note </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416.49pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">9) and other expenses from various suppliers amounting to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.3pt;position:var(--position);text-decoration:none;white-space:pre">€2,577 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.39pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Other receivables and assets break down as follows:</span><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:250.37pt;position:var(--position);text-decoration:none;top:-2.75pt;white-space:pre"> </span><div style="position:var(--position);top:127.54pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:369.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:233.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:65.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.53pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">OTHER RECEIVABLES AND ASSETS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit ("CIR")</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,139<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:54.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">625<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:54.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">581<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total non-current other receivables and assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">625<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,720<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit ("CIR")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">3,196<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">3,196<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">VAT receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">6,870<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">7,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,649<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">2,958<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee-related receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">429<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">190<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total current other receivables and assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:126.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,144<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:126.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,766<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:233.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:233.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:236.25pt;position:var(--position);top:138.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:138.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 1139000 625000 581000 625000 1720000 3196000 3196000 6870000 7423000 2649000 2958000 429000 190000 13144000 13766000 13769000 15486000 5640000 3196000 1139000 961000 2577000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents break down as follows:</span></div><div style="position:var(--position);top:124.26pt;width:612pt"><div style="font-size:0pt;left:41pt;position:var(--position);width:393pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:237pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:237pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:66.96pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.84pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.41pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.84pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.96pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CASH AND CASH EQUIVALENTS</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:43.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">478,541<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:43.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">448,352<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:55.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">38,144<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:55.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">29,070<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:67.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:46.37pt;position:var(--position);text-decoration:none;white-space:pre">516,685</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:67.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:46.37pt;position:var(--position);text-decoration:none;white-space:pre">477,423</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:220.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents mainly include term deposits with short-term maturities and highly liquid investments in mutual funds (measured at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:232.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amortized cost) and highly liquid investments in mutual funds and structured notes (measured at fair value through profit or loss) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:244.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">denominated in euros and U.S. dollars. Cash equivalents include the invested proceeds from the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.42pt;position:var(--position);text-decoration:none;white-space:pre">Offering</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.83pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:268.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025 and March 31, 2026, in addition to the Group’s bank accounts, cash includes notice accounts amounting to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:279.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€5,744 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.09pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.52pt;position:var(--position);text-decoration:none;white-space:pre">€4,147 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.61pt;position:var(--position);text-decoration:none;white-space:pre"> respectively. These funds are available on demand within 24 hours and without penalty.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:302.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025 and March 31, 2026, the impact of the revaluation of cash and cash equivalents held in U.S. dollars into the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:570.75pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Company's functional currency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre"> is a net </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.29pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">f</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.62pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">inancial expense</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.9pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre"> of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:277.23pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">€8,639 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.32pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre"> and a net financial gain of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.84pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.34pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">€2,500 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.4300000000001pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">, respectively</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:571.68pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">.</span> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents break down as follows:</span><div style="position:var(--position);top:124.26pt;width:612pt"><div style="font-size:0pt;left:41pt;position:var(--position);width:393pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:237pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:237pt"><div><div style="line-height:8pt;position:var(--position);top:21.98pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:66.96pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.84pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.41pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.84pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.96pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CASH AND CASH EQUIVALENTS</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:43.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">478,541<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:43.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">448,352<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:55.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">38,144<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:55.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">29,070<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:237pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:237pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:67.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:46.37pt;position:var(--position);text-decoration:none;white-space:pre">516,685</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:67.5pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:46.37pt;position:var(--position);text-decoration:none;white-space:pre">477,423</span></div></div></div></td></tr></tbody></table></div></div></div> 478541000 448352000 38144000 29070000 516685000 477423000 5744000 4147000 -8639000 2500000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Financial assets and liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the carrying amounts and fair value of financial assets and financial liabilities, including their </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">levels in the fair value hierarchy.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Tax and employee-related payables are non-financial liabilities and are therefore excluded from the tables below. They are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">presented in Note 17.2.</span></div><div style="position:var(--position);top:150.36pt;width:612pt"><div style="font-size:0pt;left:38.62pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:189.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.52pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.03pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:60pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:51.23pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.42pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">RECOGNIZED </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.74pt;position:var(--position);text-decoration:none;white-space:pre">IN THE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">STATEMENT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">OF FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">POSITION</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:32.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.14pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS/ </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES AT </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">THROUGH </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">PROFIT AND </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.91pt;position:var(--position);text-decoration:none;white-space:pre">LOSS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.2pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS AT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:32.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.85pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">AT AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets (2)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">26,772<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,141<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:92.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,141<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:92.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets (2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:104.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:104.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents (1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">516,685<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">516,685<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:116.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">437,031<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">79,654<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:116.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">557,226<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">557,595<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:128.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">437,031<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">120,565<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:128.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—non-current portion (4, Note 15)</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">30,790<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">102,555<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:140.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:140.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">102,555<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—current portion (3, Note 15)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:152.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities (3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:164.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:164.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:40.96pt"></span></span><span style="left:43.59pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">69,644<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">141,409<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:176.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:176.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">141,409<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:355.61pt;width:612pt"><div style="font-size:0pt;left:38.62pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:189.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.32pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.92pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:60pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:51.23pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.42pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">RECOGNIZED </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.74pt;position:var(--position);text-decoration:none;white-space:pre">IN THE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">STATEMENT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">OF FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">POSITION</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:32.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.14pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS/ </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES AT </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">THROUGH </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">PROFIT AND </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.91pt;position:var(--position);text-decoration:none;white-space:pre">LOSS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.2pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS AT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:32.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.85pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">AT AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets (2)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,426<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,444<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:92.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,444<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:92.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets (2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:104.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:104.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents (1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">477,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">477,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:116.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">410,972<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">66,451<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:116.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">520,335<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">520,353<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:128.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">410,972<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">109,381<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:128.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—non-current portion (4, Note 15)</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">33,110<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">104,379<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:140.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:140.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">104,379<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—current portion (3, Note 15)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:152.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities (3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:164.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:164.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:40.96pt"></span></span><span style="left:43.59pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">63,725<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">134,993<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:176.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:176.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">134,993<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(1)    The fair value of cash and cash equivalents is determined based on Level 1 fair value measurement and corresponds to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:572.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">market value of the assets. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:596.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(2)    The carrying amount of financial assets measured at amortized cost is deemed to be a reasonable estimate of fair value, except </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:608.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">for the long-term advances made to CROs, whose fair value is determined based on Level 3 fair value measurement and is estimated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on future cash-flows discounted at market rates, using credit spreads ranging from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.29pt;position:var(--position);text-decoration:none;white-space:pre">34</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.29pt;position:var(--position);text-decoration:none;white-space:pre"> bp to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.56pt;position:var(--position);text-decoration:none;white-space:pre">131</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.56pt;position:var(--position);text-decoration:none;white-space:pre"> bp as of December 31, 2025 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:631.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">42</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46pt;position:var(--position);text-decoration:none;white-space:pre"> bp to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:71.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre">145</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> bp as of March 31, 2026. As of December 31, 2025 and March 31, 2026, an increase in the credit spread by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre">+100</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.54pt;position:var(--position);text-decoration:none;white-space:pre"> bp </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">would result in a decrease in the advances fair value by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.32pt;position:var(--position);text-decoration:none;white-space:pre">€231 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.34pt;position:var(--position);text-decoration:none;white-space:pre">€195 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.93pt;position:var(--position);text-decoration:none;white-space:pre"> respectively. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:665.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(3)    The carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.78pt;position:var(--position);text-decoration:none;white-space:pre"> current financial </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.5pt;position:var(--position);text-decoration:none;white-space:pre">liabilities measured at amortized cost, including Trade payables and other current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities, was deemed to be a reasonable estimate of fair value. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(4)    The fair value of the royalty certificates, is based on Level 3 fair value measurement and is estimated based on models and </span></div>assumptions detailed in Note 15. <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the carrying amounts and fair value of financial assets and financial liabilities, including their </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">levels in the fair value hierarchy.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Tax and employee-related payables are non-financial liabilities and are therefore excluded from the tables below. They are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">presented in Note 17.2.</span></div><div style="position:var(--position);top:150.36pt;width:612pt"><div style="font-size:0pt;left:38.62pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:189.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.52pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.03pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:60pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:51.23pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.42pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">RECOGNIZED </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.74pt;position:var(--position);text-decoration:none;white-space:pre">IN THE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">STATEMENT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">OF FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">POSITION</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:32.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.14pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS/ </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES AT </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">THROUGH </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">PROFIT AND </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.91pt;position:var(--position);text-decoration:none;white-space:pre">LOSS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.2pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS AT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:32.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.85pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">AT AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets (2)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">26,772<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,141<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:92.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,141<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:92.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets (2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:104.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:104.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents (1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">516,685<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">516,685<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:116.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">437,031<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">79,654<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:116.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">557,226<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">557,595<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:128.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">437,031<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">120,565<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:128.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—non-current portion (4, Note 15)</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">30,790<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">102,555<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:140.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:140.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">102,555<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—current portion (3, Note 15)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:152.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities (3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:164.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:164.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:40.96pt"></span></span><span style="left:43.59pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">69,644<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">141,409<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:176.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:176.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">141,409<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:355.61pt;width:612pt"><div style="font-size:0pt;left:38.62pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:189.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.32pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.92pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:60pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:51.23pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.42pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">RECOGNIZED </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.74pt;position:var(--position);text-decoration:none;white-space:pre">IN THE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">STATEMENT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">OF FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">POSITION</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:32.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.14pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS/ </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES AT </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">THROUGH </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">PROFIT AND </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.91pt;position:var(--position);text-decoration:none;white-space:pre">LOSS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.2pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS AT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:32.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.85pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">AT AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets (2)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,426<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,444<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:92.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,444<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:92.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets (2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:104.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:104.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents (1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">477,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">477,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:116.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">410,972<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">66,451<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:116.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">520,335<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">520,353<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:128.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">410,972<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">109,381<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:128.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—non-current portion (4, Note 15)</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">33,110<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">104,379<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:140.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:140.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">104,379<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—current portion (3, Note 15)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:152.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities (3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:164.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:164.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:40.96pt"></span></span><span style="left:43.59pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">63,725<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">134,993<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:176.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:176.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">134,993<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(1)    The fair value of cash and cash equivalents is determined based on Level 1 fair value measurement and corresponds to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:572.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">market value of the assets. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:596.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(2)    The carrying amount of financial assets measured at amortized cost is deemed to be a reasonable estimate of fair value, except </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:608.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">for the long-term advances made to CROs, whose fair value is determined based on Level 3 fair value measurement and is estimated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on future cash-flows discounted at market rates, using credit spreads ranging from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.29pt;position:var(--position);text-decoration:none;white-space:pre">34</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.29pt;position:var(--position);text-decoration:none;white-space:pre"> bp to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.56pt;position:var(--position);text-decoration:none;white-space:pre">131</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.56pt;position:var(--position);text-decoration:none;white-space:pre"> bp as of December 31, 2025 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:631.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">42</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46pt;position:var(--position);text-decoration:none;white-space:pre"> bp to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:71.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre">145</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> bp as of March 31, 2026. As of December 31, 2025 and March 31, 2026, an increase in the credit spread by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre">+100</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.54pt;position:var(--position);text-decoration:none;white-space:pre"> bp </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">would result in a decrease in the advances fair value by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.32pt;position:var(--position);text-decoration:none;white-space:pre">€231 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.34pt;position:var(--position);text-decoration:none;white-space:pre">€195 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.93pt;position:var(--position);text-decoration:none;white-space:pre"> respectively. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:665.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(3)    The carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.78pt;position:var(--position);text-decoration:none;white-space:pre"> current financial </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.5pt;position:var(--position);text-decoration:none;white-space:pre">liabilities measured at amortized cost, including Trade payables and other current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities, was deemed to be a reasonable estimate of fair value. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(4)    The fair value of the royalty certificates, is based on Level 3 fair value measurement and is estimated based on models and </span></div>assumptions detailed in Note 15. <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the carrying amounts and fair value of financial assets and financial liabilities, including their </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">levels in the fair value hierarchy.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Tax and employee-related payables are non-financial liabilities and are therefore excluded from the tables below. They are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">presented in Note 17.2.</span></div><div style="position:var(--position);top:150.36pt;width:612pt"><div style="font-size:0pt;left:38.62pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:189.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.52pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.03pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:60pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:51.23pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.42pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">RECOGNIZED </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.74pt;position:var(--position);text-decoration:none;white-space:pre">IN THE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">STATEMENT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">OF FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">POSITION</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:32.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.14pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS/ </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES AT </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">THROUGH </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">PROFIT AND </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.91pt;position:var(--position);text-decoration:none;white-space:pre">LOSS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.2pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS AT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:32.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.85pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">AT AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets (2)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">26,772<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,141<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:92.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,141<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:92.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets (2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:104.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">13,769<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:104.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents (1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">516,685<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">516,685<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:116.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">437,031<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">79,654<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:116.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">557,226<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">557,595<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:128.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">437,031<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">120,565<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:128.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—non-current portion (4, Note 15)</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">30,790<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">102,555<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:140.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:140.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">102,555<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—current portion (3, Note 15)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:152.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities (3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:164.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:164.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:40.96pt"></span></span><span style="left:43.59pt;position:var(--position)">37,552<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">69,644<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">141,409<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:176.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:176.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">141,409<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:355.61pt;width:612pt"><div style="font-size:0pt;left:38.62pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:189.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.32pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.92pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:60pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:51.23pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.42pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">RECOGNIZED </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.74pt;position:var(--position);text-decoration:none;white-space:pre">IN THE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">STATEMENT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">OF FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">POSITION</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:32.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.14pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS/ </span></div><div style="line-height:8pt;position:var(--position);top:12.97pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES AT </span></div><div style="line-height:8pt;position:var(--position);top:22.57pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">THROUGH </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.37pt;position:var(--position);text-decoration:none;white-space:pre">PROFIT AND </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.91pt;position:var(--position);text-decoration:none;white-space:pre">LOSS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.2pt;position:var(--position);text-decoration:none;white-space:pre">ASSETS AT </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre">AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:32.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:32.17pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.85pt;position:var(--position);text-decoration:none;white-space:pre">LIABILITIES </span></div><div style="line-height:8pt;position:var(--position);top:41.77pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">AT AMORTIZED </span></div><div style="line-height:8pt;position:var(--position);top:51.37pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">COST</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets (2)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,426<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,444<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:92.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">27,444<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:92.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables and assets (2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:104.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">15,486<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:104.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents (1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">477,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">477,423<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:116.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">410,972<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">66,451<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:116.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">520,335<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">520,353<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:128.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.21pt"></span></span><span style="left:38.84pt;position:var(--position)">410,972<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:128.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">109,381<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:128.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—non-current portion (4, Note 15)</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">33,110<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">104,379<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:140.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:140.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">104,379<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities—current portion (3, Note 15)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:152.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:152.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities (3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:164.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:164.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:164.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:40.96pt"></span></span><span style="left:43.59pt;position:var(--position)">29,514<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:189.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:189.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:189.75pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:37.21pt"></span></span><span style="left:39.84pt;position:var(--position)">63,725<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">134,993<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:176.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:54.21pt"></span></span><span style="left:56.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:397.5pt;position:var(--position);top:176.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:176.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:36.96pt"></span></span><span style="left:39.59pt;position:var(--position)">134,993<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(1)    The fair value of cash and cash equivalents is determined based on Level 1 fair value measurement and corresponds to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:572.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">market value of the assets. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:596.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(2)    The carrying amount of financial assets measured at amortized cost is deemed to be a reasonable estimate of fair value, except </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:608.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">for the long-term advances made to CROs, whose fair value is determined based on Level 3 fair value measurement and is estimated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on future cash-flows discounted at market rates, using credit spreads ranging from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.29pt;position:var(--position);text-decoration:none;white-space:pre">34</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.29pt;position:var(--position);text-decoration:none;white-space:pre"> bp to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.56pt;position:var(--position);text-decoration:none;white-space:pre">131</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.56pt;position:var(--position);text-decoration:none;white-space:pre"> bp as of December 31, 2025 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:631.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">42</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46pt;position:var(--position);text-decoration:none;white-space:pre"> bp to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:71.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre">145</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> bp as of March 31, 2026. As of December 31, 2025 and March 31, 2026, an increase in the credit spread by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre">+100</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.54pt;position:var(--position);text-decoration:none;white-space:pre"> bp </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">would result in a decrease in the advances fair value by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.32pt;position:var(--position);text-decoration:none;white-space:pre">€231 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.34pt;position:var(--position);text-decoration:none;white-space:pre">€195 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.93pt;position:var(--position);text-decoration:none;white-space:pre"> respectively. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:665.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(3)    The carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.78pt;position:var(--position);text-decoration:none;white-space:pre"> current financial </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.5pt;position:var(--position);text-decoration:none;white-space:pre">liabilities measured at amortized cost, including Trade payables and other current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities, was deemed to be a reasonable estimate of fair value. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(4)    The fair value of the royalty certificates, is based on Level 3 fair value measurement and is estimated based on models and </span></div>assumptions detailed in Note 15. 26772000 27141000 0 27141000 13769000 13769000 0 13769000 516685000 516685000 437031000 79654000 557226000 557595000 437031000 120565000 30790000 102555000 0 102555000 1302000 1302000 0 1302000 37552000 37552000 0 37552000 69644000 141409000 0 141409000 27426000 27444000 0 27444000 15486000 15486000 0 15486000 477423000 477423000 410972000 66451000 520335000 520353000 410972000 109381000 33110000 104379000 0 104379000 1101000 1101000 0 1101000 29514000 29514000 0 29514000 63725000 134993000 0 134993000 0.0034 0.0131 0.0042 0.0145 0.0100 0.0100 -231000 -195000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Shareholders’ equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 13.1. Share capital issued</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:146.26pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group manages its capital to ensure that it will be able to continue as a going concern while maximizing the return to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:158.26pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shareholders through the optimization of the debt and equity balance.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:184.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of March 31, 2026, the Group's share capital amounted to €</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.31pt;position:var(--position);text-decoration:none;white-space:pre">793</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.31pt;position:var(--position);text-decoration:none;white-space:pre"> thousand divided into </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.91pt;position:var(--position);text-decoration:none;white-space:pre">79,291,188</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.91pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares issued with a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:196.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">par value of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.22pt;position:var(--position);text-decoration:none;white-space:pre">€0.01</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.72pt;position:var(--position);text-decoration:none;white-space:pre"> each, fully paid up, after taking into account the various capital increases that took place since inception. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:208.66pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Share capital does not include founders’ share subscription warrants (“bons de souscription de parts de créateur d’entreprise” or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:220.66pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">“BCE”), share subscription warrants (“Bons de souscription d’actions,” or “BSA”) and free shares (“Attributions gratuites d’actions,” </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:232.66pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">or “AGA”) that have been granted to certain natural persons, both employees and non-employees of the Group, but not yet exercised.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:258.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group held </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.78pt;position:var(--position);text-decoration:none;white-space:pre">none</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.21pt;position:var(--position);text-decoration:none;white-space:pre"> of its own shares as of December 31, 2025 and March 31, 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:280.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The number of outstanding ordinary shares was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.89pt;position:var(--position);text-decoration:none;white-space:pre">78,536,412</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.89pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.32pt;position:var(--position);text-decoration:none;white-space:pre">79,291,188</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.32pt;position:var(--position);text-decoration:none;white-space:pre"> as of December 31, 2025 and March 31, 2026, </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">respectively</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 13.2. Change in share capital</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:336.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The increase in the share capital for the three months ended March 31, 2026 relates to (i) the vesting of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.22pt;position:var(--position);text-decoration:none;white-space:pre">752,236</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.72pt;position:var(--position);text-decoration:none;white-space:pre"> AGAs and (ii) the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:347.51pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">exercise of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2,540</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.54pt;position:var(--position);text-decoration:none;white-space:pre"> BCEs (see Note 14), resulting in the issuance of respectively </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.03pt;position:var(--position);text-decoration:none;white-space:pre">752,236</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.53pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.96pt;position:var(--position);text-decoration:none;white-space:pre">2,540</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.46pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares (i.e. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.82pt;position:var(--position);text-decoration:none;white-space:pre">754,776</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre"> in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:358.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">aggregate) with a par value of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.06pt;position:var(--position);text-decoration:none;white-space:pre">€0.01</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.56pt;position:var(--position);text-decoration:none;white-space:pre"> per share.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Distribution of dividends </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:403.51pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group did not distribute any dividends during any of the periods presented, does not have any present plan to pay any cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:414.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">dividends on its equity securities in the foreseeable future and currently intends to retain all available funds and any future earnings to </span></div>operate and expand its business. 793000 79291188 0.01 0 0 78536412 79291188 752236 2540 752236 2540 754776 0.01 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:95.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group has granted BCEs, BSAs and AGAs. These plans qualify as “equity settled” under IFRS 2. The Group does not have any </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:107.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">obligation to purchase these instruments in the event of departure or if a specific event does not occur. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:129.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">BCEs </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:151.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize the data relating to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.6pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:175.96pt;width:612pt"><div style="font-size:0pt;left:43pt;position:var(--position);width:483.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:3pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td></tr><tr style="height:98.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:56.62pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.22pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td rowspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:54.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:47.02pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:56.62pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.8pt;position:var(--position);text-decoration:none;white-space:pre">OF BCEs </span></div><div style="line-height:8pt;position:var(--position);top:66.22pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.69pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:42.22pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.36pt;position:var(--position);text-decoration:none;white-space:pre">OF BCE </span></div><div style="line-height:8pt;position:var(--position);top:51.82pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:61.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.92pt;position:var(--position);text-decoration:none;white-space:pre">ING AS OF </span></div><div style="line-height:8pt;position:var(--position);top:71.02pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.81pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY </span></div><div style="line-height:8pt;position:var(--position);top:80.62pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.12pt;position:var(--position);text-decoration:none;white-space:pre">1, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:158.25pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:36.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:46.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">OF ISSUED </span></div><div style="line-height:8pt;position:var(--position);top:56.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.35pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:36.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:46.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.81pt;position:var(--position);text-decoration:none;white-space:pre">OF LAPSED </span></div><div style="line-height:8pt;position:var(--position);top:55.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.35pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:31.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:41.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.57pt;position:var(--position);text-decoration:none;white-space:pre">OF </span></div><div style="line-height:8pt;position:var(--position);top:50.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.7pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISE</span></div><div style="line-height:8pt;position:var(--position);top:60.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.47pt;position:var(--position);text-decoration:none;white-space:pre">D BCEs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:31.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:41.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.8pt;position:var(--position);text-decoration:none;white-space:pre">OF BCEs </span></div><div style="line-height:8pt;position:var(--position);top:51.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:61.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.57pt;position:var(--position);text-decoration:none;white-space:pre">ING </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:31.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:41.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.8pt;position:var(--position);text-decoration:none;white-space:pre">OF BCEs </span></div><div style="line-height:8pt;position:var(--position);top:51.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISA</span></div><div style="line-height:8pt;position:var(--position);top:61.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">BLE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:16.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">MAXIMUM </span></div><div style="line-height:8pt;position:var(--position);top:26.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:36.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.86pt;position:var(--position);text-decoration:none;white-space:pre">SHARES TO </span></div><div style="line-height:8pt;position:var(--position);top:46.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">BE ISSUED IF </span></div><div style="line-height:8pt;position:var(--position);top:56.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.41pt;position:var(--position);text-decoration:none;white-space:pre">ALL </span></div><div style="line-height:8pt;position:var(--position);top:66.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">CONDITIONS </span></div><div style="line-height:8pt;position:var(--position);top:76.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">ARE MET</span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:158.25pt;position:var(--position);top:98.25pt;width:156.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.5pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.76pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:12.5pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.83pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:98.25pt;width:165.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.46pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:71.22pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.54pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:52.33pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:42pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);top:119.25pt;width:51.75pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.45pt;position:var(--position);text-decoration:none;white-space:pre">Total BCEs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54.75pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">496,965</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">207,679</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:158.25pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.56pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.56pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.46pt;position:var(--position);text-decoration:none;white-space:pre">(2,540)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">205,139</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">120,922</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:119.25pt;width:59.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.94pt;position:var(--position);text-decoration:none;white-space:pre">205,139</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369.31pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:395.96pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize the data relating to BSAs:</span></div><div style="position:var(--position);top:422.59pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:484.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td></tr><tr style="height:80.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:52.5pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:38.1pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.39pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div><div style="line-height:8pt;position:var(--position);top:47.7pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.74pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:57.3pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">OF BSAs </span></div><div style="line-height:8pt;position:var(--position);top:66.9pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.07pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:28.5pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.74pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:38.1pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);text-decoration:none;white-space:pre">OF BCE </span></div><div style="line-height:8pt;position:var(--position);top:47.7pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.3pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:57.3pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.29pt;position:var(--position);text-decoration:none;white-space:pre">ING AS OF </span></div><div style="line-height:8pt;position:var(--position);top:66.9pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.19pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY </span></div><div style="line-height:8pt;position:var(--position);top:76.5pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.5pt;position:var(--position);text-decoration:none;white-space:pre">1, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:159pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:27.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:37.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">OF ISSUED </span></div><div style="line-height:8pt;position:var(--position);top:46.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.8pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:27.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:37.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.81pt;position:var(--position);text-decoration:none;white-space:pre">OF LAPSED </span></div><div style="line-height:8pt;position:var(--position);top:46.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.8pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:32.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.57pt;position:var(--position);text-decoration:none;white-space:pre">OF </span></div><div style="line-height:8pt;position:var(--position);top:41.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.7pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISE</span></div><div style="line-height:8pt;position:var(--position);top:51.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.91pt;position:var(--position);text-decoration:none;white-space:pre">D  BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:32.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.25pt;position:var(--position);text-decoration:none;white-space:pre">OF BSAs </span></div><div style="line-height:8pt;position:var(--position);top:41.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:51.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.57pt;position:var(--position);text-decoration:none;white-space:pre">ING </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:372pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:32.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.25pt;position:var(--position);text-decoration:none;white-space:pre">OF BSAs </span></div><div style="line-height:8pt;position:var(--position);top:41.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISA</span></div><div style="line-height:8pt;position:var(--position);top:51.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">BLE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.32pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">MAXIMUM </span></div><div style="line-height:8pt;position:var(--position);top:17.92pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:27.52pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.86pt;position:var(--position);text-decoration:none;white-space:pre">SHARES TO </span></div><div style="line-height:8pt;position:var(--position);top:37.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">BE ISSUED IF </span></div><div style="line-height:8pt;position:var(--position);top:46.72pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.41pt;position:var(--position);text-decoration:none;white-space:pre">ALL </span></div><div style="line-height:8pt;position:var(--position);top:56.32pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">CONDITIONS </span></div><div style="line-height:8pt;position:var(--position);top:65.92pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">ARE MET</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:159pt;position:var(--position);top:80.25pt;width:156.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.76pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.83pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:80.25pt;width:165.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:71.22pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:52.33pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:42pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);top:111pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.39pt;position:var(--position);text-decoration:none;white-space:pre">Total BSAs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);top:111pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">510,191</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:111pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:21.62pt"></span></span><span style="left:24.25pt;position:var(--position)">253,727</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:159pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:22.21pt"></span></span><span style="left:24.84pt;position:var(--position)">23,477<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:42pt;left:209.25pt;overflow:hidden;position:var(--position);top:111pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:18.21pt"></span></span><span style="left:20.84pt;position:var(--position)">277,204<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:42pt;left:369pt;overflow:hidden;position:var(--position);top:111pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:24.87pt"></span></span><span style="left:27.5pt;position:var(--position)">76,830</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:42pt;left:422.25pt;overflow:hidden;position:var(--position);top:111pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:111pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">277,204</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:593.89pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">BSAs granted in February 2026</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:616.29pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In February 2026, the Group granted its independent Board members, as well as a Board observer and advisor, the right to subscribe </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:627.49pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">23,477</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.27000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> BSAs in the aggregate, the vesting of which is subject to a service condition of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.2pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.44pt;position:var(--position);text-decoration:none;white-space:pre">, by tranches of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.55pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.88pt;position:var(--position);text-decoration:none;white-space:pre"> each, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:638.69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">vested on each February 1,thereafter. The BSAs were subscribed in February 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:661.09pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the BSAs was determined at grant date using the Black Scholes model, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.41pt;position:var(--position);text-decoration:none;white-space:pre">with the following assumptions:</span></div><div><div style="position:var(--position);top:70.56pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:51pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:6.75pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td></tr><tr style="height:41.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.22pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.62pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">OF THE </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.07pt;position:var(--position);text-decoration:none;white-space:pre">UNDERLYING </span></div><div style="line-height:8pt;position:var(--position);top:32.02pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.61pt;position:var(--position);text-decoration:none;white-space:pre">SHARE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:117.75pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.49pt;position:var(--position);text-decoration:none;white-space:pre">OF THE BSA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:179.25pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:58.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.94pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:58.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.92pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.27pt;position:var(--position);text-decoration:none;white-space:pre">SUBSCRIPTI</span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.82pt;position:var(--position);text-decoration:none;white-space:pre">ON PRICE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:8.02pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.15pt;position:var(--position);text-decoration:none;white-space:pre">STRIKE </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">PRICE PER </span></div><div style="line-height:8pt;position:var(--position);top:27.22pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.48pt;position:var(--position);text-decoration:none;white-space:pre">SHARE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.2pt;position:var(--position);text-decoration:none;white-space:pre">RISK FREE </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.52pt;position:var(--position);text-decoration:none;white-space:pre">RATE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.12pt;position:var(--position);text-decoration:none;white-space:pre">EXPECTED </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.67pt;position:var(--position);text-decoration:none;white-space:pre">MATURITY</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.71pt;position:var(--position);text-decoration:none;white-space:pre">VOLATILITY</span></div></div></div></td></tr><tr style="height:41.25pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BSA-2026-1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);top:41.25pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:20.31pt;position:var(--position);text-decoration:none;white-space:pre">€99.63</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:117.75pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:7.26pt;position:var(--position);text-decoration:none;white-space:pre">[</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:9.92pt;position:var(--position);text-decoration:none;white-space:pre">€77.7</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:27.92pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.58pt;position:var(--position);text-decoration:none;white-space:pre">€83.2</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:48.58pt;position:var(--position);text-decoration:none;white-space:pre">]</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:179.25pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:18.25pt;position:var(--position);text-decoration:none;white-space:pre">23,477</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:19.19pt;position:var(--position);text-decoration:none;white-space:pre">€20.23</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:18.25pt;position:var(--position);text-decoration:none;white-space:pre">€99.63</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:41.25pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:17.23pt;position:var(--position);text-decoration:none;white-space:pre">3.77%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:41.25pt;width:51.75pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:17.56pt;width:51.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:5.45pt;position:var(--position);text-decoration:none;white-space:pre">[</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:8.11pt;position:var(--position);text-decoration:none;white-space:pre">5.5</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:18.11pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:20.77pt;position:var(--position);text-decoration:none;white-space:pre">7</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:24.77pt;position:var(--position);text-decoration:none;white-space:pre"> years]</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:17.86pt;position:var(--position);text-decoration:none;white-space:pre">99.33%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:173.2pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">AGAs</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:189.7pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize the data relating to AGAs as well as the assumptions used for the measurement thereof in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:201.7pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">accordance with IFRS 2—</span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:149.28pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payment</span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.7pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:213.8pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:63pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:44.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.09pt;position:var(--position);text-decoration:none;white-space:pre">GRANT DATE </span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:65.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:44.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:130.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:35.02pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre">Total NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:44.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.64pt;position:var(--position);text-decoration:none;white-space:pre">OF AGAs </span></div><div style="line-height:8pt;position:var(--position);top:54.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.19pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:30.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.41pt;position:var(--position);text-decoration:none;white-space:pre">BCE </span></div><div style="line-height:8pt;position:var(--position);top:39.82pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.87pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTANDING </span></div><div style="line-height:8pt;position:var(--position);top:49.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:59.02pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, </span></div><div style="line-height:8pt;position:var(--position);top:68.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.7pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:33.3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.76pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.7pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:33.3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.43pt;position:var(--position);text-decoration:none;white-space:pre">LAPSED AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.7pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:33.3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.2pt;position:var(--position);text-decoration:none;white-space:pre">VESTED AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:28.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.19pt;position:var(--position);text-decoration:none;white-space:pre">AGAs </span></div><div style="line-height:8pt;position:var(--position);top:38.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.87pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTANDING </span></div></div></div></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.72pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE MONTHS ENDED MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.91pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.02pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:42.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:65.25pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total AGAs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:130.5pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.56pt;position:var(--position);text-decoration:none;white-space:pre">11,171,743</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.62pt;position:var(--position);text-decoration:none;white-space:pre">8,395,678</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">460,845</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.9pt;position:var(--position);text-decoration:none;white-space:pre">(21,000)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.9pt;position:var(--position);text-decoration:none;white-space:pre">(752,236)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.62pt;position:var(--position);text-decoration:none;white-space:pre">8,083,287</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:377.1pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:72pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td></tr><tr style="height:48pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.84pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);width:72pt"><div><div style="line-height:8pt;position:var(--position);top:6.6pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.7pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE OF </span></div><div style="line-height:8pt;position:var(--position);top:16.2pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.56pt;position:var(--position);text-decoration:none;white-space:pre">THE </span></div><div style="line-height:8pt;position:var(--position);top:25.8pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.69pt;position:var(--position);text-decoration:none;white-space:pre">UNDERLYING </span></div><div style="line-height:8pt;position:var(--position);top:35.4pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.23pt;position:var(--position);text-decoration:none;white-space:pre">SHARE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:16.2pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.2pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE OF </span></div><div style="line-height:8pt;position:var(--position);top:25.8pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.18pt;position:var(--position);text-decoration:none;white-space:pre">THE AGA</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.3pt;position:var(--position);text-decoration:none;white-space:pre">MATURITY</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.96pt;position:var(--position);text-decoration:none;white-space:pre">VOLATILITY </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.97pt;position:var(--position);text-decoration:none;white-space:pre">RISK FREE RATE</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:153pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGA-2026-1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);top:48pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:25.94pt;position:var(--position);text-decoration:none;white-space:pre">€95.50</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:27.44pt;position:var(--position);text-decoration:none;white-space:pre">€95.50</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:153pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGA-2026-2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);top:60pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:23.94pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:25.44pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:153pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGA-2026-3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);top:72pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:23.94pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:25.44pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">AGAs granted in February and March 2026</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:92.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In February and March 2026 certain of the Group's officers and employees were allocated </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.95pt;position:var(--position);text-decoration:none;white-space:pre">47,500</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.45pt;position:var(--position);text-decoration:none;white-space:pre"> AGAs (AGA plan 2026-1), </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre">294,476</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:572.35pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:104.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(AGA plan 2026-2), </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.85pt;position:var(--position);text-decoration:none;white-space:pre">1,619</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.35pt;position:var(--position);text-decoration:none;white-space:pre"> (AGA plan 2026-3) in the aggregate, the vesting of which is subject to the following service condition: </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:115.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54.33pt;position:var(--position);text-decoration:none;white-space:pre"> of the AGAs vest at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.09pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.08pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.6pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.26pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.59pt;position:var(--position);text-decoration:none;white-space:pre"> at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.18pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.14pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.66pt;position:var(--position);text-decoration:none;white-space:pre"> period from the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">allocation date and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.93pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.26pt;position:var(--position);text-decoration:none;white-space:pre"> at the end of a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.85pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:210.51pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.03pt;position:var(--position);text-decoration:none;white-space:pre"> period from the allocation date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:148.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Accelerated vesting of AGA plans in March 2026</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In light of Dr. Didier Scherrer's departure from his role as Chief Scientific Officer, the Group entered into a settlement agreement </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:182.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">("protocole d’accord transactionnel") with Dr. Didier Scherrer under which (i) the Group waived the continued employment condition </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:193.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">attached to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.03pt;position:var(--position);text-decoration:none;white-space:pre">77,050</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.53pt;position:var(--position);text-decoration:none;white-space:pre"> free shares previously granted to Dr. Scherrer, (ii) the Group waived the continued employment condition for a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">further </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:65.69pt;position:var(--position);text-decoration:none;white-space:pre">40,200</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.19pt;position:var(--position);text-decoration:none;white-space:pre"> free shares, subject to specific performance conditions, and (iii) the remaining </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410pt;position:var(--position);text-decoration:none;white-space:pre">217,750</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.5pt;position:var(--position);text-decoration:none;white-space:pre"> free shares previously granted to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Dr. Scherrer are lapsed.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:238.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As a result of transactions (i) and (ii), the Group recognized an expense equal to the fair value of these </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.45pt;position:var(--position);text-decoration:none;white-space:pre">117,250</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.95pt;position:var(--position);text-decoration:none;white-space:pre"> AGAs (measured on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:249.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 5, 2026) of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.24pt;position:var(--position);text-decoration:none;white-space:pre">€11,619 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.33pt;position:var(--position);text-decoration:none;white-space:pre"> during the three-month period ended March 31, 2026 (t</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.03pt;position:var(--position);text-decoration:none;white-space:pre">he accelerated vesting following the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:260.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">settlement agreement was accounted for as a new grant under IFRS 2, with the original grants being cancelled and the corresponding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:272.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expense reversed as of December 31, 2025).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:305.76pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre;width:459.07pt">Breakdown of the compensation expenses accounted for the three-month periods ended March 31, 2025 and 2026:</span></div><div style="position:var(--position);top:329.11pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:255.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:119.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:66.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:48.52pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div><div style="line-height:8pt;position:var(--position);top:58.12pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:15.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:25.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:35.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:44.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:54.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:15.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:25.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:35.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:44.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:54.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:66.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(65)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:78.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.55pt"></span></span><span style="left:47.18pt;position:var(--position)">(149)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGAs</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.55pt"></span></span><span style="left:41.18pt;position:var(--position)">(4,623)</span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:90.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.55pt"></span></span><span style="left:37.18pt;position:var(--position)">(22,461)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Social taxes related to AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.55pt"></span></span><span style="left:47.18pt;position:var(--position)">(683)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:102.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">1,209</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:38.55pt"></span></span><span style="left:41.18pt;position:var(--position)">(5,372)</span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:114.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:34.55pt"></span></span><span style="left:37.18pt;position:var(--position)">(21,401)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:470.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The increase in AGA expenses for the three months ended March 31, 2026 is attributable to the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.03pt;position:var(--position);text-decoration:none;white-space:pre">€11,619 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.12pt;position:var(--position);text-decoration:none;white-space:pre"> expense recognized </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:482.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in relation to the accelerated vesting of certain of the Group's former Chief Scientific Officer's AGA plans (see above) as well as the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:493.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">impact of plans granted in 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.1pt;position:var(--position);text-decoration:none;white-space:pre">he debit amount </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.97pt;position:var(--position);text-decoration:none;white-space:pre">of social taxes related to AGAs (and related provisions) for the three months ended March 31, 2026 is attributable to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:526.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">unused reversals of provisions amounting to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.31pt;position:var(--position);text-decoration:none;white-space:pre">€3,394 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.4pt;position:var(--position);text-decoration:none;white-space:pre"> (see Note 17.3) due to (i)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.36pt;position:var(--position);text-decoration:none;white-space:pre"> the decrease in the price of the underlying </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:538.06pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shares over the period and, to a lesser extent, (ii) forfeitures following employee departures and changes in estimates regarding the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">achievement of performance conditions. The amount of unused reversals is partly offset by social charges recognized in relation to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560.46pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">77,050</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.5pt;position:var(--position);text-decoration:none;white-space:pre"> AGAs granted to the Group's former Chief Scientific Officer, for which vesting was effective as of March 5, 2026 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:571.66pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amounting to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.50999999999999pt;position:var(--position);text-decoration:none;white-space:pre">€2,256 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.6pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:592.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Changes in provisions for social taxes related to AGAs are presented in Note 17.3.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize the data relating to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.6pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);top:175.96pt;width:612pt"><div style="font-size:0pt;left:43pt;position:var(--position);width:483.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:3pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td></tr><tr style="height:98.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:56.62pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.22pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td rowspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:54.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:47.02pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:56.62pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.8pt;position:var(--position);text-decoration:none;white-space:pre">OF BCEs </span></div><div style="line-height:8pt;position:var(--position);top:66.22pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.69pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:32.62pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:42.22pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.36pt;position:var(--position);text-decoration:none;white-space:pre">OF BCE </span></div><div style="line-height:8pt;position:var(--position);top:51.82pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:61.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.92pt;position:var(--position);text-decoration:none;white-space:pre">ING AS OF </span></div><div style="line-height:8pt;position:var(--position);top:71.02pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.81pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY </span></div><div style="line-height:8pt;position:var(--position);top:80.62pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.12pt;position:var(--position);text-decoration:none;white-space:pre">1, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:158.25pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:36.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:46.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">OF ISSUED </span></div><div style="line-height:8pt;position:var(--position);top:56.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.35pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:36.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:46.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.81pt;position:var(--position);text-decoration:none;white-space:pre">OF LAPSED </span></div><div style="line-height:8pt;position:var(--position);top:55.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.35pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:31.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:41.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.57pt;position:var(--position);text-decoration:none;white-space:pre">OF </span></div><div style="line-height:8pt;position:var(--position);top:50.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.7pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISE</span></div><div style="line-height:8pt;position:var(--position);top:60.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.47pt;position:var(--position);text-decoration:none;white-space:pre">D BCEs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:31.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:41.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.8pt;position:var(--position);text-decoration:none;white-space:pre">OF BCEs </span></div><div style="line-height:8pt;position:var(--position);top:51.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:61.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.57pt;position:var(--position);text-decoration:none;white-space:pre">ING </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:31.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:41.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.8pt;position:var(--position);text-decoration:none;white-space:pre">OF BCEs </span></div><div style="line-height:8pt;position:var(--position);top:51.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISA</span></div><div style="line-height:8pt;position:var(--position);top:61.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">BLE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:16.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">MAXIMUM </span></div><div style="line-height:8pt;position:var(--position);top:26.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:36.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.86pt;position:var(--position);text-decoration:none;white-space:pre">SHARES TO </span></div><div style="line-height:8pt;position:var(--position);top:46.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">BE ISSUED IF </span></div><div style="line-height:8pt;position:var(--position);top:56.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.41pt;position:var(--position);text-decoration:none;white-space:pre">ALL </span></div><div style="line-height:8pt;position:var(--position);top:66.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">CONDITIONS </span></div><div style="line-height:8pt;position:var(--position);top:76.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">ARE MET</span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:158.25pt;position:var(--position);top:98.25pt;width:156.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.5pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.76pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:12.5pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.83pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:98.25pt;width:165.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.46pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:71.22pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.54pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:52.33pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:42pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);top:119.25pt;width:51.75pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.45pt;position:var(--position);text-decoration:none;white-space:pre">Total BCEs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54.75pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">496,965</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">207,679</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:158.25pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.56pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.56pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.46pt;position:var(--position);text-decoration:none;white-space:pre">(2,540)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">205,139</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);text-decoration:none;white-space:pre">120,922</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:119.25pt;width:59.25pt"><div><div style="line-height:9pt;position:var(--position);top:17.55pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.94pt;position:var(--position);text-decoration:none;white-space:pre">205,139</span></div></div></div></td></tr></tbody></table></div></div></div><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize the data relating to BSAs:</span><div style="position:var(--position);top:422.59pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:484.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td></tr><tr style="height:80.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:52.5pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:38.1pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.39pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div><div style="line-height:8pt;position:var(--position);top:47.7pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.74pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:57.3pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">OF BSAs </span></div><div style="line-height:8pt;position:var(--position);top:66.9pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.07pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:28.5pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.74pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:38.1pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);text-decoration:none;white-space:pre">OF BCE </span></div><div style="line-height:8pt;position:var(--position);top:47.7pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.3pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:57.3pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.29pt;position:var(--position);text-decoration:none;white-space:pre">ING AS OF </span></div><div style="line-height:8pt;position:var(--position);top:66.9pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.19pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY </span></div><div style="line-height:8pt;position:var(--position);top:76.5pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.5pt;position:var(--position);text-decoration:none;white-space:pre">1, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:159pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:27.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:37.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">OF ISSUED </span></div><div style="line-height:8pt;position:var(--position);top:46.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.8pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:27.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:37.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.81pt;position:var(--position);text-decoration:none;white-space:pre">OF LAPSED </span></div><div style="line-height:8pt;position:var(--position);top:46.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.8pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:32.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.57pt;position:var(--position);text-decoration:none;white-space:pre">OF </span></div><div style="line-height:8pt;position:var(--position);top:41.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.7pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISE</span></div><div style="line-height:8pt;position:var(--position);top:51.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.91pt;position:var(--position);text-decoration:none;white-space:pre">D  BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:32.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.25pt;position:var(--position);text-decoration:none;white-space:pre">OF BSAs </span></div><div style="line-height:8pt;position:var(--position);top:41.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.92pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTAND</span></div><div style="line-height:8pt;position:var(--position);top:51.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.57pt;position:var(--position);text-decoration:none;white-space:pre">ING </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:372pt;position:var(--position);width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:22.72pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.36pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:32.32pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.25pt;position:var(--position);text-decoration:none;white-space:pre">OF BSAs </span></div><div style="line-height:8pt;position:var(--position);top:41.92pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">EXERCISA</span></div><div style="line-height:8pt;position:var(--position);top:51.52pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">BLE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.32pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">MAXIMUM </span></div><div style="line-height:8pt;position:var(--position);top:17.92pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:27.52pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.86pt;position:var(--position);text-decoration:none;white-space:pre">SHARES TO </span></div><div style="line-height:8pt;position:var(--position);top:37.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">BE ISSUED IF </span></div><div style="line-height:8pt;position:var(--position);top:46.72pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.41pt;position:var(--position);text-decoration:none;white-space:pre">ALL </span></div><div style="line-height:8pt;position:var(--position);top:56.32pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">CONDITIONS </span></div><div style="line-height:8pt;position:var(--position);top:65.92pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">ARE MET</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:159pt;position:var(--position);top:80.25pt;width:156.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.76pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:156.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.83pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:80.25pt;width:165.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:71.22pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:165.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:52.33pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:42pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:3pt;position:var(--position);top:111pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.39pt;position:var(--position);text-decoration:none;white-space:pre">Total BSAs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);top:111pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">510,191</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:111pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:21.62pt"></span></span><span style="left:24.25pt;position:var(--position)">253,727</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:159pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:22.21pt"></span></span><span style="left:24.84pt;position:var(--position)">23,477<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:42pt;left:209.25pt;overflow:hidden;position:var(--position);top:111pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:18.21pt"></span></span><span style="left:20.84pt;position:var(--position)">277,204<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:42pt;left:369pt;overflow:hidden;position:var(--position);top:111pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372pt;position:var(--position);top:111pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:24.87pt"></span></span><span style="left:27.5pt;position:var(--position)">76,830</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:42pt;left:422.25pt;overflow:hidden;position:var(--position);top:111pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:111pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:18pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">277,204</span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize the data relating to AGAs as well as the assumptions used for the measurement thereof in </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:201.7pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">accordance with IFRS 2—</span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:149.28pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payment</span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.7pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:213.8pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:63pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:44.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.09pt;position:var(--position);text-decoration:none;white-space:pre">GRANT DATE </span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:65.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:44.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:130.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:35.02pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre">Total NUMBER </span></div><div style="line-height:8pt;position:var(--position);top:44.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.64pt;position:var(--position);text-decoration:none;white-space:pre">OF AGAs </span></div><div style="line-height:8pt;position:var(--position);top:54.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.19pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:30.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.41pt;position:var(--position);text-decoration:none;white-space:pre">BCE </span></div><div style="line-height:8pt;position:var(--position);top:39.82pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.87pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTANDING </span></div><div style="line-height:8pt;position:var(--position);top:49.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:59.02pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, </span></div><div style="line-height:8pt;position:var(--position);top:68.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.7pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:33.3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.76pt;position:var(--position);text-decoration:none;white-space:pre">ISSUED AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.7pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:33.3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.43pt;position:var(--position);text-decoration:none;white-space:pre">LAPSED AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.7pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:33.3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.2pt;position:var(--position);text-decoration:none;white-space:pre">VESTED AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.31pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:28.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.19pt;position:var(--position);text-decoration:none;white-space:pre">AGAs </span></div><div style="line-height:8pt;position:var(--position);top:38.5pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.87pt;position:var(--position);text-decoration:none;white-space:pre">OUTSTANDING </span></div></div></div></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.72pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE MONTHS ENDED MARCH 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.91pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.02pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:42.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:65.25pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total AGAs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:130.5pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.56pt;position:var(--position);text-decoration:none;white-space:pre">11,171,743</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.62pt;position:var(--position);text-decoration:none;white-space:pre">8,395,678</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">460,845</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.9pt;position:var(--position);text-decoration:none;white-space:pre">(21,000)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.9pt;position:var(--position);text-decoration:none;white-space:pre">(752,236)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:95.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:18.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.62pt;position:var(--position);text-decoration:none;white-space:pre">8,083,287</span></div></div></div></td></tr></tbody></table></div></div></div> 496965 207679 0 0 2540 205139 120922 205139 510191 253727 23477 0 0 277204 76830 277204 23477 P4Y 0.25 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the BSAs was determined at grant date using the Black Scholes model, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.41pt;position:var(--position);text-decoration:none;white-space:pre">with the following assumptions:</span><div style="position:var(--position);top:70.56pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:51pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:6.75pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:58.5pt"></td></tr><tr style="height:41.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:51pt"><div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.22pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.62pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">OF THE </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.07pt;position:var(--position);text-decoration:none;white-space:pre">UNDERLYING </span></div><div style="line-height:8pt;position:var(--position);top:32.02pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.61pt;position:var(--position);text-decoration:none;white-space:pre">SHARE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:117.75pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.49pt;position:var(--position);text-decoration:none;white-space:pre">OF THE BSA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:179.25pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:58.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.94pt;position:var(--position);text-decoration:none;white-space:pre">NUMBER OF </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:58.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.92pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.27pt;position:var(--position);text-decoration:none;white-space:pre">SUBSCRIPTI</span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.82pt;position:var(--position);text-decoration:none;white-space:pre">ON PRICE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:8.02pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.15pt;position:var(--position);text-decoration:none;white-space:pre">STRIKE </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">PRICE PER </span></div><div style="line-height:8pt;position:var(--position);top:27.22pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.48pt;position:var(--position);text-decoration:none;white-space:pre">SHARE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.2pt;position:var(--position);text-decoration:none;white-space:pre">RISK FREE </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.52pt;position:var(--position);text-decoration:none;white-space:pre">RATE</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.82pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.12pt;position:var(--position);text-decoration:none;white-space:pre">EXPECTED </span></div><div style="line-height:8pt;position:var(--position);top:22.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.67pt;position:var(--position);text-decoration:none;white-space:pre">MATURITY</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.71pt;position:var(--position);text-decoration:none;white-space:pre">VOLATILITY</span></div></div></div></td></tr><tr style="height:41.25pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:51pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BSA-2026-1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:54pt;position:var(--position);top:41.25pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:20.31pt;position:var(--position);text-decoration:none;white-space:pre">€99.63</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:117.75pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:7.26pt;position:var(--position);text-decoration:none;white-space:pre">[</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:9.92pt;position:var(--position);text-decoration:none;white-space:pre">€77.7</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:27.92pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.58pt;position:var(--position);text-decoration:none;white-space:pre">€83.2</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:48.58pt;position:var(--position);text-decoration:none;white-space:pre">]</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:179.25pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:18.25pt;position:var(--position);text-decoration:none;white-space:pre">23,477</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:19.19pt;position:var(--position);text-decoration:none;white-space:pre">€20.23</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:18.25pt;position:var(--position);text-decoration:none;white-space:pre">€99.63</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:41.25pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:17.23pt;position:var(--position);text-decoration:none;white-space:pre">3.77%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:41.25pt;width:51.75pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:17.56pt;width:51.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:5.45pt;position:var(--position);text-decoration:none;white-space:pre">[</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:8.11pt;position:var(--position);text-decoration:none;white-space:pre">5.5</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:18.11pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:20.77pt;position:var(--position);text-decoration:none;white-space:pre">7</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:24.77pt;position:var(--position);text-decoration:none;white-space:pre"> years]</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:41.25pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:17.56pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:17.86pt;position:var(--position);text-decoration:none;white-space:pre">99.33%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:0pt;left:36pt;position:var(--position);width:540.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:72pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td></tr><tr style="height:48pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.84pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);width:72pt"><div><div style="line-height:8pt;position:var(--position);top:6.6pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.7pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE OF </span></div><div style="line-height:8pt;position:var(--position);top:16.2pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.56pt;position:var(--position);text-decoration:none;white-space:pre">THE </span></div><div style="line-height:8pt;position:var(--position);top:25.8pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.69pt;position:var(--position);text-decoration:none;white-space:pre">UNDERLYING </span></div><div style="line-height:8pt;position:var(--position);top:35.4pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.23pt;position:var(--position);text-decoration:none;white-space:pre">SHARE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:16.2pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.2pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE OF </span></div><div style="line-height:8pt;position:var(--position);top:25.8pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.18pt;position:var(--position);text-decoration:none;white-space:pre">THE AGA</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.3pt;position:var(--position);text-decoration:none;white-space:pre">MATURITY</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.96pt;position:var(--position);text-decoration:none;white-space:pre">VOLATILITY </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:21pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.97pt;position:var(--position);text-decoration:none;white-space:pre">RISK FREE RATE</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:153pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGA-2026-1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);top:48pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:25.94pt;position:var(--position);text-decoration:none;white-space:pre">€95.50</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:27.44pt;position:var(--position);text-decoration:none;white-space:pre">€95.50</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:48pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:153pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGA-2026-2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);top:60pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:23.94pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:25.44pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:60pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:153pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGA-2026-3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:156pt;position:var(--position);top:72pt;width:72pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:23.94pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:25.44pt;position:var(--position);text-decoration:none;white-space:pre">€106.00</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:465.75pt;position:var(--position);top:72pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr></tbody></table></div></div> 99.63 77.7 83.2 23477 20.23 99.63 0.0377 P5Y6M P7Y 0.9933 11171743 8395678 460845 21000 752236 8083287 95.50 95.50 106.00 106.00 106.00 106.00 47500 294476 1619 0.50 P2Y 0.25 P3Y 0.25 P4Y 77050 40200 217750 117250 11619000 <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre;width:459.07pt">Breakdown of the compensation expenses accounted for the three-month periods ended March 31, 2025 and 2026:</span><div style="position:var(--position);top:329.11pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:255.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:119.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:66.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:48.52pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TYPE</span></div><div style="line-height:8pt;position:var(--position);top:58.12pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:15.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:25.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:35.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:44.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:54.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:15.97pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:25.57pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:35.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:44.77pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:54.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BCEs</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:66.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BSAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.55pt"></span></span><span style="left:51.18pt;position:var(--position)">(65)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:78.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.55pt"></span></span><span style="left:47.18pt;position:var(--position)">(149)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AGAs</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.55pt"></span></span><span style="left:41.18pt;position:var(--position)">(4,623)</span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:90.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:90.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.55pt"></span></span><span style="left:37.18pt;position:var(--position)">(22,461)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Social taxes related to AGAs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.55pt"></span></span><span style="left:47.18pt;position:var(--position)">(683)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:102.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">1,209</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:119.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#CCECFF;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:122.25pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:38.55pt"></span></span><span style="left:41.18pt;position:var(--position)">(5,372)</span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:187.5pt;overflow:hidden;position:var(--position);top:114.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:190.5pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:34.55pt"></span></span><span style="left:37.18pt;position:var(--position)">(21,401)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 0 -65000 -149000 -4623000 -22461000 -683000 1209000 -5372000 -21401000 11619000 3394000 77050 2256000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities break down as follows:</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:101.66pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div><div style="position:var(--position);top:110.46pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:347.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:191.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:44.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:30.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:12pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.78pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.35pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:30.44pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:12pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.78pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:42.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.96pt"></span></span><span style="left:59.59pt;position:var(--position)">554<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:42.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.96pt"></span></span><span style="left:59.59pt;position:var(--position)">346<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:54.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:60.37pt;position:var(--position);text-decoration:none;white-space:pre">554</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:54.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:60.37pt;position:var(--position);text-decoration:none;white-space:pre">346</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:66.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">30,237<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:66.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">32,764<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:78.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">30,237</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:78.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">32,764</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total non-current financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:90.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">30,790</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:90.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">33,110</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:114pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:114pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:126pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,302</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:126pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,101</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total current financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:138pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,302</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:138pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,101</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:150pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">32,093</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:150pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">34,210</span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.1. Structured debt financing with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:209.22pt;position:var(--position);text-decoration:none;white-space:pre">Kreos &amp; Claret subscribed in August 2023 – “Kreos / Claret Financing”</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:323.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Kreos / Claret Financing consists of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.99pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.95pt;position:var(--position);text-decoration:none;white-space:pre"> tranches of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.06pt;position:var(--position);text-decoration:none;white-space:pre">€25,000 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.15pt;position:var(--position);text-decoration:none;white-space:pre"> each in aggregate principal amount (the convertible </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:334.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">OCABSA and the second and third tranches of non-convertible bonds, respectively the "tranches A, B and C") as well as a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre">Minimal </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:346.01pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Return Indemnification ("MRI") to the benefit of the bondholders.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:368.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In addition to the Kreos / Claret OCABSA, the Group has issued share warrants (the “tranche A-B BSA” and “tranche C BSA”), </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:379.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">giving Kreos and Claret the right to subscribe to up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.85pt;position:var(--position);text-decoration:none;white-space:pre">214,198</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.35pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.78pt;position:var(--position);text-decoration:none;white-space:pre">405,832</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.28pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:402.01pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The OCABSA are compound instruments, split between (i) a debt component (then measured at amortized cost) and (ii) an equity </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:413.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">component corresponding to the conversion option and the attached OCABSA warrants. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:435.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The OCABSA warrants are considered as an embedded component of the bonds rather than a separate stand-alone financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:446.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">instrument.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:469.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Kreos / Claret second and third tranches are hybrid instruments, split between (i) debt host contracts accounted for at amortized </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">cost and (ii) bifurcated embedded derivatives accounted for at fair value through profit and loss, corresponding to the Minimal Return </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:491.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Indemnifications and the prepayment options (the fair value of the prepayment options being deemed insignificant at issuance and at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:502.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the subsequent reporting dates).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As the A-B and C warrants (the "Kreos / Claret BSA") are contractually transferable separately from the bonds and are redeemable in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:536.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">a variable number of ordinary shares of the Group, they are classified as standalone derivative financial liabilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The detailed terms and conditions and the accounting treatment of these instruments are presented in Note 15.1 to the annual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consolidated financial statements of the Group as of December 31, 2025 accompanying the Group’s Annual Report.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:104.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Settlement of the liabilities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On August 6, 2025, Kreos Capital VII(UK) Limited converted the Tranche A portion of the Kreos / Claret Financing (the Kreos / </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:137.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Claret OCABSA), resulting in the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.36pt;position:var(--position);text-decoration:none;white-space:pre">785,389</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.86pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares and an increase in equity by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.5pt;position:var(--position);text-decoration:none;white-space:pre">€16,058 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.59pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:160.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On July 30, 2025, Kreos Capital VII Aggregator SCSp opted for the cashless exercise of its share warrants (the tranche A-B BSA and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:172.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">tranche C BSA), implemented through the repurchase by the Group of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.61pt;position:var(--position);text-decoration:none;white-space:pre">94,117</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:347.11pt;position:var(--position);text-decoration:none;white-space:pre"> tranche A-B and C BSA and the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.04pt;position:var(--position);text-decoration:none;white-space:pre">319,251</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:560.54pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:184.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares of the Group and an increase in equity by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.72pt;position:var(--position);text-decoration:none;white-space:pre">€19,570 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.81pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:208.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On August 28, 2025, Claret European Growth Capital Fund III SCSp, exercised its share warrants (the tranche A-B BSA and tranche </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:220.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">C BSA) for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.59pt;position:var(--position);text-decoration:none;white-space:pre">206,662</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.09pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares of the Group and an increase in equity by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.31pt;position:var(--position);text-decoration:none;white-space:pre">€14,198 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.4pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:244.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">In August 2025, as a result of (i) the repayments of principal and interests made until that date under the Kreos / Claret Financing, (ii) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:256.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the exercise of the Tranche A-B and C BSA and (iii) the conversion of the Kreos OCABSA, the cash generated thereby met the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:268.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Minimum Cash Return due to the Kreos / Claret bondholders. Consequently, as no further payment </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.35pt;position:var(--position);text-decoration:none;white-space:pre">could be due by the Group in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:280.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">relation to the Kreos / Claret Minimal Return Indemnification, the MRI derivatives were derecognized, resulting in a financial income </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:292.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.83pt;position:var(--position);text-decoration:none;white-space:pre">€3,620 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.92pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:316.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On November 25, 2025, Claret European Growth Capital Fund III SCSp converted its portion of the Tranche A portion of the Kreos / </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:328.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Claret Financing (the Claret OCABSA), resulting in the issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.74pt;position:var(--position);text-decoration:none;white-space:pre">392,695</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.24pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares of the Group and an increase in equity by </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:340.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€8,296 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.09pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:364.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On November 28, 2025, the Group notified the bondholders of its intention to prepay in full the outstanding balances of Tranches B </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:376.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and C of the Kreos / Claret Financing. The transaction was completed on December 23, 2025. The total amount paid by the Group at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:388.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">that date amounted to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.77pt;position:var(--position);text-decoration:none;white-space:pre">€33,823 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.86pt;position:var(--position);text-decoration:none;white-space:pre">, consisting of:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:400.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the outstanding principal of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.66pt;position:var(--position);text-decoration:none;white-space:pre">€29,903 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.75pt;position:var(--position);text-decoration:none;white-space:pre">, from which the deposit amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.96pt;position:var(--position);text-decoration:none;white-space:pre">€1,081 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:465.05pt;position:var(--position);text-decoration:none;white-space:pre"> initially paid by the Group </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:412.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">to Kreos and Claret was deducted,</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:424.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">future interests discounted at a discount rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre">4%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.36pt;position:var(--position);text-decoration:none;white-space:pre"> per the terms of the prepayment option, amounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.98pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.75pt;position:var(--position);text-decoration:none;white-space:pre">€2,001 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:569.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:436.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:448.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">end-of-loan exit fees of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168pt;position:var(--position);text-decoration:none;white-space:pre">€3,000 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.09pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:472.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Following the aforementioned transactions, the Group no longer holds any debt related to the Kreos Claret Financing.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.2.  Heights convertible notes </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:524.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Heights convertible notes consists of (i) a host debt instrument and (ii) conversion and settlement options representing embedded </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:536.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">derivatives. The whole instrument is measured at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.64pt;position:var(--position);text-decoration:none;white-space:pre">FVTPL</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:265.18pt;position:var(--position);text-decoration:none;white-space:pre"> at each reporting date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">At inception, the Heights convertible notes' fair value differed from the issuance proceeds by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.85pt;position:var(--position);text-decoration:none;white-space:pre">€2,359 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.94pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:569.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Since the fair value measurement of the instrument is evidenced by a valuation technique that does not only use data from observable</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:581.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">markets, the carrying amount was adjusted to defer the difference between the fair value measurement and the transaction price, and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:593.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the day one gain is therefore recognized in financial income on a straight-line basis over the term of the instrument.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On July 23 and July 30, 2025, the noteholders requested the conversion of respectively </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.7pt;position:var(--position);text-decoration:none;white-space:pre">150</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.7pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.13pt;position:var(--position);text-decoration:none;white-space:pre">200</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.13pt;position:var(--position);text-decoration:none;white-space:pre"> convertible notes (corresponding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to the entirety of the outstanding principal amount of approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.13pt;position:var(--position);text-decoration:none;white-space:pre">€21.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.98pt;position:var(--position);text-decoration:none;white-space:pre">) into </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.85pt;position:var(--position);text-decoration:none;white-space:pre">920,377</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.35pt;position:var(--position);text-decoration:none;white-space:pre"> new ordinary shares of the Group at a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:641.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">conversion price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.64pt;position:var(--position);text-decoration:none;white-space:pre">€23.7674</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.14pt;position:var(--position);text-decoration:none;white-space:pre"> per ordinary share (see Note 3.1 "</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of the Heights convertible notes –</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.13pt;position:var(--position);text-decoration:none;white-space:pre"> July-August 2025").</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:664.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">At these dates, the fair value of the converted notes of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.06pt;position:var(--position);text-decoration:none;white-space:pre">€53,921 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.15pt;position:var(--position);text-decoration:none;white-space:pre"> was reclassified from financial liabilities to equity. On the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:676pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">conversion dates, due to the put option being exercised by the holders, the fair values of the Heights notes were deemed equal to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:687.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">market prices of the issued shares.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:698.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As a result of the derecognition of the Heights notes, the outstanding day-one gain was entirely amortized, resulting in a financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:710.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">income of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.72999999999999pt;position:var(--position);text-decoration:none;white-space:pre">€1,262 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.82pt;position:var(--position);text-decoration:none;white-space:pre"> recognized in July 2025.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.3. State guaranteed loan – “PGE”</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">During the fourth quarter of 2025, the Group prepaid in full the outstanding </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.75pt;position:var(--position);text-decoration:none;white-space:pre">principal amount </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.22pt;position:var(--position);text-decoration:none;white-space:pre">of the PGE loan of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.66pt;position:var(--position);text-decoration:none;white-space:pre">€1,264 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:554.75pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.4. Lease </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:107.89pt;position:var(--position);text-decoration:none;white-space:pre">liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:196.06pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The variations in lease liabilities are set forth below:</span></div><div style="position:var(--position);top:209.76pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:533.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:399pt"></td><td style="padding:0;width:134.25pt"></td></tr><tr style="height:20.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:399pt"><div><div style="line-height:8pt;position:var(--position);top:7.05pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:31.87pt;position:var(--position);text-decoration:none;white-space:pre"> LEASE LIABILITY</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:20.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:110.21pt"></span></span><span style="left:112.83999999999999pt;position:var(--position)">2,363<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase </span></div></div></div></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:40.5pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:120.21pt"></span></span><span style="left:122.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:52.5pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:113.55pt"></span></span><span style="left:116.17999999999999pt;position:var(--position)">(241)</span></span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:64.5pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:110.21pt"></span></span><span style="left:112.83999999999999pt;position:var(--position)">2,122<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:20.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:99pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:106.87pt"></span></span><span style="left:109.5pt;position:var(--position)">1,856</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase </span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:119.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:120.21pt"></span></span><span style="left:122.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:131.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:113.55pt"></span></span><span style="left:116.17999999999999pt;position:var(--position)">(409)</span></span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:143.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:106.87pt"></span></span><span style="left:109.5pt;position:var(--position)">1,447</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:389.96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities mainly relate to the Group’s headquarters in Paris entered into in May 2024, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.57pt;position:var(--position);text-decoration:none;white-space:pre">Boston offic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.25pt;position:var(--position);text-decoration:none;white-space:pre">e entered into in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:401.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">November 2023 and the Montpellier offices entered into in April 2024 (see Note 8).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:423.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025 and March 31, 2026, the lease liabilities of the Paris headquarters and Boston offices represented </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.3pt;position:var(--position);text-decoration:none;white-space:pre">70%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:549.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:434.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">74%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54.33pt;position:var(--position);text-decoration:none;white-space:pre"> of the total lease liability, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:457.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lease expenses related to contracts for which a lease liability and right of use asset is recognized under IFRS 16 were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.46pt;position:var(--position);text-decoration:none;white-space:pre">€219 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:567.05pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.93pt;position:var(--position);text-decoration:none;white-space:pre">€301 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.52pt;position:var(--position);text-decoration:none;white-space:pre"> for the three-month periods ended March 31, 2025 and 2026, respectively. They were recognized for (i) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:479.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€194 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.59pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.02pt;position:var(--position);text-decoration:none;white-space:pre">€280 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.61pt;position:var(--position);text-decoration:none;white-space:pre"> as Depreciation expenses and (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.21pt;position:var(--position);text-decoration:none;white-space:pre">€19 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.8pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.23pt;position:var(--position);text-decoration:none;white-space:pre">€13 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.82pt;position:var(--position);text-decoration:none;white-space:pre"> as Interest expenses, for the three-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:490.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">month periods ended March 31, 2025 and 2026, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lease expenses related to short-term lease contracts and low value assets that are not included in the valuation of the lease liability </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:524.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amount to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.74000000000001pt;position:var(--position);text-decoration:none;white-space:pre">€87 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.26pt;position:var(--position);text-decoration:none;white-space:pre">€1 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.85pt;position:var(--position);text-decoration:none;white-space:pre"> for the three-month periods ended March 31, 2025 and 2026, respectively. </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.5. Royalty certificates </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:618.79pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The royalty certificates are measured at amortized cost using the EIR method.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:644.23pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of March 31, 2026, using the same future royalty cash flows assumptions with an increase of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.16pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.16pt;position:var(--position);text-decoration:none;white-space:pre"> points of POS and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.19pt;position:var(--position);text-decoration:none;white-space:pre">+5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.15pt;position:var(--position);text-decoration:none;white-space:pre"> of peak </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:655.43pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">penetration (best case scenario) would result in an increase in the royalty certificates carrying value by respectively €+</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.58pt;position:var(--position);text-decoration:none;white-space:pre">1,853 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:570.67pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666.63pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and €+</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.56pt;position:var(--position);text-decoration:none;white-space:pre">2,882 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.65pt;position:var(--position);text-decoration:none;white-space:pre">. Using the same assumptions with a decrease of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.55pt;position:var(--position);text-decoration:none;white-space:pre">(5)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.54pt;position:var(--position);text-decoration:none;white-space:pre"> points of POS and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.57pt;position:var(--position);text-decoration:none;white-space:pre">(5)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.56pt;position:var(--position);text-decoration:none;white-space:pre"> of peak penetration (worst case </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">scenario) would result in a decrease in the royalty certificates carrying value by respectively </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.58pt;position:var(--position);text-decoration:none;white-space:pre">€(1,853) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.33pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:498.76pt;position:var(--position);text-decoration:none;white-space:pre">€(4,416) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:571.51pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:700.23pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the royalty certificates is based on the net present value of royalties, which depends on assumptions made by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:95.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group with regards to the probability of success of its studies (“POS”), the commercialization budget of obefazimod (“peak </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:106.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">penetration”) and the discount rate. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.14pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025 and March 31, 2026, the fair value amounts to respectively </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:117.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€102,001 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.09pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre">€104,032 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.61pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:128.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Management ensured that the discount rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.05pt;position:var(--position);text-decoration:none;white-space:pre">7.5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.88pt;position:var(--position);text-decoration:none;white-space:pre"> used is reasonable based on the specific risk profile of the royalties certificates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:151.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025, using the same assumptions with an increase of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336pt;position:var(--position);text-decoration:none;white-space:pre">+5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.63pt;position:var(--position);text-decoration:none;white-space:pre"> points of POS, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.23pt;position:var(--position);text-decoration:none;white-space:pre">+5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.19pt;position:var(--position);text-decoration:none;white-space:pre"> of peak penetration (best case </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">scenario) and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">+1%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111pt;position:var(--position);text-decoration:none;white-space:pre"> WACC would result in a change in the royalty certificates fair value by respectively €+</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.56pt;position:var(--position);text-decoration:none;white-space:pre">5810</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.56pt;position:var(--position);text-decoration:none;white-space:pre"> thousand, €</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:173.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">+</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.63pt;position:var(--position);text-decoration:none;white-space:pre">2830</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.629999999999995pt;position:var(--position);text-decoration:none;white-space:pre"> thousand and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.65pt;position:var(--position);text-decoration:none;white-space:pre">€(4,940) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.4pt;position:var(--position);text-decoration:none;white-space:pre">. Using the same assumptions with a decrease of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.3pt;position:var(--position);text-decoration:none;white-space:pre">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.96pt;position:var(--position);text-decoration:none;white-space:pre"> points of POS, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.56pt;position:var(--position);text-decoration:none;white-space:pre">(5)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.55pt;position:var(--position);text-decoration:none;white-space:pre"> of peak penetration </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:184.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(worst case scenario) and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.76pt;position:var(--position);text-decoration:none;white-space:pre">(1)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.75pt;position:var(--position);text-decoration:none;white-space:pre"> WACC would result in a change in the royalty certificates fair value by respectively </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.68pt;position:var(--position);text-decoration:none;white-space:pre">€(5,810) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:573.43pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:196pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€(5,590) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.75pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.18pt;position:var(--position);text-decoration:none;white-space:pre">€+5,251 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.9pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:218.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of March 31, 2026, using the same assumptions with an increase of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.04pt;position:var(--position);text-decoration:none;white-space:pre">+5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.67pt;position:var(--position);text-decoration:none;white-space:pre"> points of POS, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.27pt;position:var(--position);text-decoration:none;white-space:pre">+5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.23pt;position:var(--position);text-decoration:none;white-space:pre"> of peak penetration (best case scenario) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:229.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.93pt;position:var(--position);text-decoration:none;white-space:pre">+1%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:71.89pt;position:var(--position);text-decoration:none;white-space:pre"> discount rate would result in a change in the royalty certificates fair value by respectively €+</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.8pt;position:var(--position);text-decoration:none;white-space:pre">5,920 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.89pt;position:var(--position);text-decoration:none;white-space:pre">, €</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">+</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.63pt;position:var(--position);text-decoration:none;white-space:pre">2,952 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.72pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.15pt;position:var(--position);text-decoration:none;white-space:pre">€(4,786) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.9pt;position:var(--position);text-decoration:none;white-space:pre">. Using the same assumptions with a decrease of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.8pt;position:var(--position);text-decoration:none;white-space:pre">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.46pt;position:var(--position);text-decoration:none;white-space:pre"> points of POS, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.06pt;position:var(--position);text-decoration:none;white-space:pre">(5)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.05pt;position:var(--position);text-decoration:none;white-space:pre"> of peak penetration </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(worst case scenario) and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.76pt;position:var(--position);text-decoration:none;white-space:pre">(1)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.75pt;position:var(--position);text-decoration:none;white-space:pre"> discount rate would result in a change in the royalty certificates fair value by respectively </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:263.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€(5,920) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.75pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.75pt;position:var(--position);text-decoration:none;white-space:pre">€(5,557) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.5pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.43pt;position:var(--position);text-decoration:none;white-space:pre">€5,078 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.52pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:296.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The royalty certificates were repurchased by the Group on May 7, 2026 for an aggregate price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.56pt;position:var(--position);text-decoration:none;white-space:pre">€76,466 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.65pt;position:var(--position);text-decoration:none;white-space:pre">, paid in cash and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:308pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">ADSs, and s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.71000000000001pt;position:var(--position);text-decoration:none;white-space:pre">ubsequently cancelled (see Note 3.3).</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.6. Change in financial liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93.86pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44pt;position:var(--position);text-decoration:none;white-space:pre">Changes in financial liabilities, excluding derivative instruments, are presented below as of March 31, 2025 and 2026:</span></div><div style="position:var(--position);top:116.26pt;width:612pt"><div style="font-size:0pt;left:44pt;position:var(--position);width:526.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:200.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:39.75pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:48.15pt;position:var(--position);text-decoration:none;white-space:pre">(Amounts in thousands of euros) </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:44.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.32pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.42pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES (excluding derivatives </span></div><div style="line-height:8pt;position:var(--position);top:23.92pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:78.37pt;position:var(--position);text-decoration:none;white-space:pre">instruments)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:6.96pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:2.71pt;position:var(--position);text-decoration:none;white-space:pre">Kreos/Claret </span></div><div style="line-height:7pt;position:var(--position);top:15.36pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.43pt;position:var(--position);text-decoration:none;white-space:pre">convertible </span></div><div style="line-height:7pt;position:var(--position);top:23.76pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.35pt;position:var(--position);text-decoration:none;white-space:pre">notes </span></div><div style="line-height:7pt;position:var(--position);top:32.16pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.22pt;position:var(--position);text-decoration:none;white-space:pre">(OCABSA)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:11.16pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.4pt;position:var(--position);text-decoration:none;white-space:pre">Kreos &amp; </span></div><div style="line-height:7pt;position:var(--position);top:19.56pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.15pt;position:var(--position);text-decoration:none;white-space:pre">Claret bond </span></div><div style="line-height:7pt;position:var(--position);top:27.96pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.35pt;position:var(--position);text-decoration:none;white-space:pre">loans </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:11.16pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:10.66pt;position:var(--position);text-decoration:none;white-space:pre">Heights </span></div><div style="line-height:7pt;position:var(--position);top:19.56pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.43pt;position:var(--position);text-decoration:none;white-space:pre">convertible </span></div><div style="line-height:7pt;position:var(--position);top:27.96pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.35pt;position:var(--position);text-decoration:none;white-space:pre">notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.56pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.94pt;position:var(--position);text-decoration:none;white-space:pre">PGE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:15.36pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:13.58pt;position:var(--position);text-decoration:none;white-space:pre">Lease </span></div><div style="line-height:7pt;position:var(--position);top:23.76pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.53pt;position:var(--position);text-decoration:none;white-space:pre">liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:15.36pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Royalty </span></div><div style="line-height:7pt;position:var(--position);top:23.76pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.83pt;position:var(--position);text-decoration:none;white-space:pre">certificates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:12pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:19.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.77pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">23,370</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">46,401</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">21,574</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,488</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,363</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">13,023</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:56.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.12pt;position:var(--position);text-decoration:none;white-space:pre">109,218</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Proceeds</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:77.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:25.71pt"></span></span><span style="left:28.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Repayments </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:17.55pt"></span></span><span style="left:20.18pt;position:var(--position)">(3,705)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:17.55pt"></span></span><span style="left:20.18pt;position:var(--position)">(2,188)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(230)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:89.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:13.05pt"></span></span><span style="left:15.68pt;position:var(--position)">(6,122)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest paid</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(563)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:17.55pt"></span></span><span style="left:20.18pt;position:var(--position)">(1,019)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(361)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:27.55pt"></span></span><span style="left:30.18pt;position:var(--position)">(19)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:101.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:13.05pt"></span></span><span style="left:15.68pt;position:var(--position)">(1,962)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: (gain)/loss on recognition or </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">derecognition</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(147)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:113.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:19.05pt"></span></span><span style="left:21.68pt;position:var(--position)">(147)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: interest expense and other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">1,012<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">2,155<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:26.21pt"></span></span><span style="left:28.84pt;position:var(--position)">344<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">22<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">19<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:26.21pt"></span></span><span style="left:28.84pt;position:var(--position)">983<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:134.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">4,535<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:155.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: other fair value remeasurement</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">1,051<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:155.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">1,051<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non cash changes : Effect of the change in foreign currency </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">exchange rates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:27.55pt"></span></span><span style="left:30.18pt;position:var(--position)">(11)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:176.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">(11)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">23,819</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">43,832</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">20,273</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,510</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,122</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">14,006</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:197.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.12pt;position:var(--position);text-decoration:none;white-space:pre">106,563</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:218.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">1,856<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:16.21pt"></span></span><span style="left:18.84pt;position:var(--position)">30,237<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:218.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:11.71pt"></span></span><span style="left:14.34pt;position:var(--position)">32,093<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:239.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Repayments </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(412)</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:239.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:19.05pt"></span></span><span style="left:21.68pt;position:var(--position)">(412)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:251.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest paid</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:27.55pt"></span></span><span style="left:30.18pt;position:var(--position)">(13)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:251.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">(13)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:263.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: interest expense and other</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">13<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">2,527<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:263.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">2,540<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:284.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non cash changes : Effect of the change in foreign currency </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">exchange rates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.21pt"></span></span><span style="left:36.84pt;position:var(--position)">3<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:284.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:29.71pt"></span></span><span style="left:32.34pt;position:var(--position)">3<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:305.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">1,447</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">32,764</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:305.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.12pt;position:var(--position);text-decoration:none;white-space:pre">34,210</span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.7. Change in derivative instruments</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:490.26pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Changes in derivative instruments are presented below:</span></div><div style="font-size:12pt;position:var(--position);top:73.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.75pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre"> </span><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:401.25pt;position:var(--position);text-decoration:none;top:-2.75pt;white-space:pre"> </span><div style="font-size:0pt;left:44pt;position:var(--position);width:354.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:131.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:18.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:25.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.53pt;position:var(--position);text-decoration:none;white-space:pre">Kreos/Claret BSA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:15.9pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.67pt;position:var(--position);text-decoration:none;white-space:pre">Kreos/Claret </span></div><div style="line-height:8pt;position:var(--position);top:25.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.01pt;position:var(--position);text-decoration:none;white-space:pre">Minimal Return </span></div><div style="line-height:8pt;position:var(--position);top:35.1pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.01pt;position:var(--position);text-decoration:none;white-space:pre">Indemnifications</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:25.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.77pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td></tr><tr style="height:38.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18.75pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.32pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DERIVATIVE FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:20.92pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">INSTRUMENTS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:57pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,166<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:57pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">3,620<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:57pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">4,786<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase in fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:78pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:78pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.71pt"></span></span><span style="left:54.34pt;position:var(--position)">175<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:78pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.71pt"></span></span><span style="left:54.34pt;position:var(--position)">175<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease in fair value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:90pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.3pt"></span></span><span style="left:56.93pt;position:var(--position)">(145)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:90pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:90pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:49.05pt"></span></span><span style="left:51.68pt;position:var(--position)">(145)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:102pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,021<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:102pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">3,795<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:102pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">4,816<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:144pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:144pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:144pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase in fair value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:165pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:165pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:165pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease in fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:177pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:177pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:177pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Repurchases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:189pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:189pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:189pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Exercises</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:201pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:201pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:201pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:213pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:213pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:213pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:320.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Details related to these instruments' accounting treatments and terms and conditions are set forth in Notes 15.1 and 15.2 of these </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:331.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">financial statements, as well as in Notes 15.1 and 15.2 to the annual consolidated financial statements of the Group as of December 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:343.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 accompanying the Group’s Annual Report.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.8. Breakdown of financial liabilities by maturity</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:414.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following are the remaining contractual maturities of financial liabilities as of December 31, 2025 and March 31, 2026. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amounts are gross and undiscounted, and include contractual interest payments. </span></div><div style="position:var(--position);top:458.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:142.5pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td colspan="11" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);width:397.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:397.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:187.09pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:397.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:160.66pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CURRENT AND NON-CURRENT </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">GROSS </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.67pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:21pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.2pt;position:var(--position);text-decoration:none;white-space:pre">CONTRACTUAL </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">CASH FLOWS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.56pt;position:var(--position);text-decoration:none;white-space:pre">LESS THAN 1 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.55pt;position:var(--position);text-decoration:none;white-space:pre">YEAR</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.89pt;position:var(--position);text-decoration:none;white-space:pre">FROM 1 TO 2 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:21pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">FROM 2 TO 5 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:21pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.02pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.8pt;position:var(--position);text-decoration:none;white-space:pre">LONGER </span></div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.58pt;position:var(--position);text-decoration:none;white-space:pre">THAN 5 </span></div><div style="line-height:8pt;position:var(--position);top:24.22pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.58pt;position:var(--position);text-decoration:none;white-space:pre">YEARS </span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">30,237<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:56.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.71pt"></span></span><span style="left:52.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.71pt"></span></span><span style="left:52.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:56.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:56.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,856<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:68.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,906<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,340<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">450<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">116<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:68.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">32,093<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:80.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,906<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,340<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">450<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:80.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">116<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:80.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:568pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:141.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:19.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td colspan="11" style="font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);width:401.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:401.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:188.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:401.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:170.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CURRENT AND NON-CURRENT </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.95pt;position:var(--position);text-decoration:none;white-space:pre">GROSS </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.29pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:21pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.32pt;position:var(--position);text-decoration:none;white-space:pre">CONTRACTUAL </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.09pt;position:var(--position);text-decoration:none;white-space:pre">CASH FLOWS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.18pt;position:var(--position);text-decoration:none;white-space:pre">LESS THAN 1 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.18pt;position:var(--position);text-decoration:none;white-space:pre">YEAR</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.51pt;position:var(--position);text-decoration:none;white-space:pre">FROM 1 TO 2 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.51pt;position:var(--position);text-decoration:none;white-space:pre">FROM 2 TO 5 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.18pt;position:var(--position);text-decoration:none;white-space:pre">LONGER </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.95pt;position:var(--position);text-decoration:none;white-space:pre">THAN 5 </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS </span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">32,764<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:51.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.21pt"></span></span><span style="left:59.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,447<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:63.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">1,482<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,127<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">250<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">104<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">34,210<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:75.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">1,482<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,127<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">250<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">104<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:660.75pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:673.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(1) The contractual cash flows above do not include potential future royalty payments related to the royalty certificates, amounting to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:685.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.33pt;position:var(--position);text-decoration:none;white-space:pre"> of the future net sales of obefazimod (worldwide and for all indications). The amount of royalties that may be paid under the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:696.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates is capped at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">€172.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.58pt;position:var(--position);text-decoration:none;white-space:pre"> in the aggregate. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.87pt;position:var(--position);text-decoration:none;white-space:pre">The royalty certificates were repurchased by the Group on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre">May 7, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:707.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56pt;position:var(--position);text-decoration:none;white-space:pre"> and subsequently cancelled (see Note 3.3).</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities break down as follows:</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:101.66pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div><div style="position:var(--position);top:110.46pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:347.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:191.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:44.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:30.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:12pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.78pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.35pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:30.44pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:12pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.78pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:42.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.96pt"></span></span><span style="left:59.59pt;position:var(--position)">554<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:42.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.96pt"></span></span><span style="left:59.59pt;position:var(--position)">346<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:54.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:60.37pt;position:var(--position);text-decoration:none;white-space:pre">554</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:54.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:60.37pt;position:var(--position);text-decoration:none;white-space:pre">346</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:66.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">30,237<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:66.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:46.96pt"></span></span><span style="left:49.59pt;position:var(--position)">32,764<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:78.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">30,237</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:78.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">32,764</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total non-current financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:90.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">30,790</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:90.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">33,110</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:114pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,302<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:114pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,101<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:126pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,302</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:126pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,101</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total current financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:138pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,302</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:138pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.37pt;position:var(--position);text-decoration:none;white-space:pre">1,101</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:191.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:191.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:194.25pt;position:var(--position);top:150pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">32,093</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:150pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">34,210</span></div></div></div></td></tr></tbody></table></div></div></div> 554000 346000 554000 346000 30237000 32764000 30237000 32764000 30790000 33110000 1302000 1101000 1302000 1101000 1302000 1101000 32093000 34210000 3 25000000 214198 405832 785389 16058000 94117 319251 19570000 206662 14198000 3620000 392695 8296000 33823000 29903000 1081000 0.04 2001000 3000000 2359000 150 200 21900000 920377 23.7674 53921000 1262000 1264000 <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The variations in lease liabilities are set forth below:</span><div style="position:var(--position);top:209.76pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:533.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:399pt"></td><td style="padding:0;width:134.25pt"></td></tr><tr style="height:20.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:399pt"><div><div style="line-height:8pt;position:var(--position);top:7.05pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:31.87pt;position:var(--position);text-decoration:none;white-space:pre"> LEASE LIABILITY</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:20.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:110.21pt"></span></span><span style="left:112.83999999999999pt;position:var(--position)">2,363<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase </span></div></div></div></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:40.5pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:120.21pt"></span></span><span style="left:122.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:52.5pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:113.55pt"></span></span><span style="left:116.17999999999999pt;position:var(--position)">(241)</span></span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:64.5pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:110.21pt"></span></span><span style="left:112.83999999999999pt;position:var(--position)">2,122<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:20.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:99pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:106.87pt"></span></span><span style="left:109.5pt;position:var(--position)">1,856</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase </span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:119.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:120.21pt"></span></span><span style="left:122.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:131.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:113.55pt"></span></span><span style="left:116.17999999999999pt;position:var(--position)">(409)</span></span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:399pt"><div><div style="line-height:8pt;position:var(--position);top:2.33pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:11.93pt;width:399pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:143.25pt;width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:134.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:106.87pt"></span></span><span style="left:109.5pt;position:var(--position)">1,447</span></span></div></div></div></td></tr></tbody></table></div></div></div> 2363000 0 241000 2122000 1856000 0 409000 1447000 0.70 0.74 219000 301000 194000 280000 19000 13000 87000 1000 0.0005 0.05 1853000 2882000 0.05 0.05 -1853000 -4416000 102001000 104032000 0.075 0.0005 0.05 0.01 5810000 2830000 -4940000 0.0005 0.05 0.01 -5810000 -5590000 5251000 0.0005 0.05 0.01 5920000 2952000 -4786000 0.0005 0.05 0.01 -5920000 -5557000 5078000 76466000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44pt;position:var(--position);text-decoration:none;white-space:pre">Changes in financial liabilities, excluding derivative instruments, are presented below as of March 31, 2025 and 2026:</span><div style="position:var(--position);top:116.26pt;width:612pt"><div style="font-size:0pt;left:44pt;position:var(--position);width:526.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:200.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:39.75pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:48.15pt;position:var(--position);text-decoration:none;white-space:pre">(Amounts in thousands of euros) </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:44.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.32pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.42pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES (excluding derivatives </span></div><div style="line-height:8pt;position:var(--position);top:23.92pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:78.37pt;position:var(--position);text-decoration:none;white-space:pre">instruments)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:6.96pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:2.71pt;position:var(--position);text-decoration:none;white-space:pre">Kreos/Claret </span></div><div style="line-height:7pt;position:var(--position);top:15.36pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.43pt;position:var(--position);text-decoration:none;white-space:pre">convertible </span></div><div style="line-height:7pt;position:var(--position);top:23.76pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.35pt;position:var(--position);text-decoration:none;white-space:pre">notes </span></div><div style="line-height:7pt;position:var(--position);top:32.16pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.22pt;position:var(--position);text-decoration:none;white-space:pre">(OCABSA)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:11.16pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.4pt;position:var(--position);text-decoration:none;white-space:pre">Kreos &amp; </span></div><div style="line-height:7pt;position:var(--position);top:19.56pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.15pt;position:var(--position);text-decoration:none;white-space:pre">Claret bond </span></div><div style="line-height:7pt;position:var(--position);top:27.96pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.35pt;position:var(--position);text-decoration:none;white-space:pre">loans </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:11.16pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:10.66pt;position:var(--position);text-decoration:none;white-space:pre">Heights </span></div><div style="line-height:7pt;position:var(--position);top:19.56pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.43pt;position:var(--position);text-decoration:none;white-space:pre">convertible </span></div><div style="line-height:7pt;position:var(--position);top:27.96pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.35pt;position:var(--position);text-decoration:none;white-space:pre">notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.56pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:14.94pt;position:var(--position);text-decoration:none;white-space:pre">PGE</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:15.36pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:13.58pt;position:var(--position);text-decoration:none;white-space:pre">Lease </span></div><div style="line-height:7pt;position:var(--position);top:23.76pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.53pt;position:var(--position);text-decoration:none;white-space:pre">liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:12pt;width:44.25pt"><div><div style="line-height:7pt;position:var(--position);top:15.36pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Royalty </span></div><div style="line-height:7pt;position:var(--position);top:23.76pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.83pt;position:var(--position);text-decoration:none;white-space:pre">certificates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:12pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:19.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.77pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">23,370</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">46,401</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">21,574</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,488</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,363</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:56.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">13,023</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:56.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.12pt;position:var(--position);text-decoration:none;white-space:pre">109,218</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Proceeds</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:77.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:77.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:25.71pt"></span></span><span style="left:28.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Repayments </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:17.55pt"></span></span><span style="left:20.18pt;position:var(--position)">(3,705)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:17.55pt"></span></span><span style="left:20.18pt;position:var(--position)">(2,188)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(230)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:89.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:89.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:13.05pt"></span></span><span style="left:15.68pt;position:var(--position)">(6,122)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest paid</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(563)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:17.55pt"></span></span><span style="left:20.18pt;position:var(--position)">(1,019)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(361)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:27.55pt"></span></span><span style="left:30.18pt;position:var(--position)">(19)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:101.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:101.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:13.05pt"></span></span><span style="left:15.68pt;position:var(--position)">(1,962)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: (gain)/loss on recognition or </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">derecognition</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(147)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:113.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:113.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:19.05pt"></span></span><span style="left:21.68pt;position:var(--position)">(147)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: interest expense and other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">1,012<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">2,155<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:26.21pt"></span></span><span style="left:28.84pt;position:var(--position)">344<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">22<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">19<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:134.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:26.21pt"></span></span><span style="left:28.84pt;position:var(--position)">983<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:134.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">4,535<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:155.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: other fair value remeasurement</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">1,051<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:155.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:155.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">1,051<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non cash changes : Effect of the change in foreign currency </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">exchange rates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:27.55pt"></span></span><span style="left:30.18pt;position:var(--position)">(11)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:176.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:176.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">(11)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">23,819</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">43,832</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">20,273</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,510</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">2,122</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:197.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">14,006</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:197.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.12pt;position:var(--position);text-decoration:none;white-space:pre">106,563</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:218.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">1,856<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:218.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:16.21pt"></span></span><span style="left:18.84pt;position:var(--position)">30,237<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:218.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:11.71pt"></span></span><span style="left:14.34pt;position:var(--position)">32,093<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:239.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Repayments </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:23.55pt"></span></span><span style="left:26.18pt;position:var(--position)">(412)</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:239.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:239.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:19.05pt"></span></span><span style="left:21.68pt;position:var(--position)">(412)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:251.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest paid</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:27.55pt"></span></span><span style="left:30.18pt;position:var(--position)">(13)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:251.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:251.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">(13)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:263.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash changes: interest expense and other</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">13<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:263.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:20.21pt"></span></span><span style="left:22.84pt;position:var(--position)">2,527<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:263.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">2,540<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:284.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non cash changes : Effect of the change in foreign currency </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">exchange rates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:29.88pt"></span></span><span style="left:32.51pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.21pt"></span></span><span style="left:36.84pt;position:var(--position)">3<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:284.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:30.21pt"></span></span><span style="left:32.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:284.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:29.71pt"></span></span><span style="left:32.34pt;position:var(--position)">3<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:305.25pt;width:200.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:200.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:392.25pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">1,447</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:439.5pt;position:var(--position);top:305.25pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:44.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.62pt;position:var(--position);text-decoration:none;white-space:pre">32,764</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:486.75pt;position:var(--position);top:305.25pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.12pt;position:var(--position);text-decoration:none;white-space:pre">34,210</span></div></div></div></td></tr></tbody></table></div></div></div> 23370000 46401000 21574000 2488000 2363000 13023000 109218000 0 0 0 0 0 0 0 0 3705000 2188000 0 230000 0 6122000 563000 1019000 361000 0 19000 0 1962000 0 0 -147000 0 0 0 -147000 1012000 2155000 344000 22000 19000 983000 4535000 0 0 1051000 0 0 0 1051000 0 0 0 0 -11000 0 -11000 23819000 43832000 20273000 2510000 2122000 14006000 106563000 0 0 0 0 1856000 30237000 32093000 0 0 0 0 412000 0 412000 0 0 0 0 13000 0 13000 0 0 0 0 13000 2527000 2540000 0 0 0 0 3000 0 3000 0 0 0 0 1447000 32764000 34210000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Changes in derivative instruments are presented below:</span><div style="font-size:12pt;position:var(--position);top:73.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.75pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre"> </span><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:401.25pt;position:var(--position);text-decoration:none;top:-2.75pt;white-space:pre"> </span><div style="font-size:0pt;left:44pt;position:var(--position);width:354.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:131.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:18.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);width:75pt"><div><div style="line-height:8pt;position:var(--position);top:25.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.53pt;position:var(--position);text-decoration:none;white-space:pre">Kreos/Claret BSA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:15.9pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.67pt;position:var(--position);text-decoration:none;white-space:pre">Kreos/Claret </span></div><div style="line-height:8pt;position:var(--position);top:25.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.01pt;position:var(--position);text-decoration:none;white-space:pre">Minimal Return </span></div><div style="line-height:8pt;position:var(--position);top:35.1pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.01pt;position:var(--position);text-decoration:none;white-space:pre">Indemnifications</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:25.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.77pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td></tr><tr style="height:38.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18.75pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.32pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DERIVATIVE FINANCIAL </span></div><div style="line-height:8pt;position:var(--position);top:20.92pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">INSTRUMENTS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">JANUARY 1, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:57pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,166<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:57pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">3,620<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:57pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">4,786<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase in fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:78pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:78pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:51.71pt"></span></span><span style="left:54.34pt;position:var(--position)">175<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:78pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:51.71pt"></span></span><span style="left:54.34pt;position:var(--position)">175<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease in fair value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:90pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.3pt"></span></span><span style="left:56.93pt;position:var(--position)">(145)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:90pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:90pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:49.05pt"></span></span><span style="left:51.68pt;position:var(--position)">(145)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:102pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:50.96pt"></span></span><span style="left:53.59pt;position:var(--position)">1,021<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:102pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">3,795<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:102pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">4,816<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:144pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:144pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:144pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(+) Increase in fair value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:165pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:165pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:165pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Decrease in fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:177pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:177pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:177pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Repurchases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:189pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:189pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:189pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(-) Exercises</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:201pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:201pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:201pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:134.25pt;position:var(--position);top:213pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:60.96pt"></span></span><span style="left:63.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:213pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:285pt;position:var(--position);top:213pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:55.71pt"></span></span><span style="left:58.34pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 1166000 3620000 4786000 0 175000 175000 145000 0 145000 1021000 3795000 4816000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following are the remaining contractual maturities of financial liabilities as of December 31, 2025 and March 31, 2026. The </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amounts are gross and undiscounted, and include contractual interest payments. </span></div><div style="position:var(--position);top:458.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:142.5pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td colspan="11" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);width:397.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:397.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:187.09pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:397.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:160.66pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CURRENT AND NON-CURRENT </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">GROSS </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.67pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:21pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.2pt;position:var(--position);text-decoration:none;white-space:pre">CONTRACTUAL </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">CASH FLOWS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.56pt;position:var(--position);text-decoration:none;white-space:pre">LESS THAN 1 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.55pt;position:var(--position);text-decoration:none;white-space:pre">YEAR</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.89pt;position:var(--position);text-decoration:none;white-space:pre">FROM 1 TO 2 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:21pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">FROM 2 TO 5 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:21pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.02pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.8pt;position:var(--position);text-decoration:none;white-space:pre">LONGER </span></div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.58pt;position:var(--position);text-decoration:none;white-space:pre">THAN 5 </span></div><div style="line-height:8pt;position:var(--position);top:24.22pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.58pt;position:var(--position);text-decoration:none;white-space:pre">YEARS </span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">30,237<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:56.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.71pt"></span></span><span style="left:52.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.71pt"></span></span><span style="left:52.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:56.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:56.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,856<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:68.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,906<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,340<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">450<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">116<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:68.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">32,093<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:80.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,906<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,340<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">450<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:80.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">116<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:80.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:568pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:141.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:19.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td colspan="11" style="font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);width:401.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:401.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:188.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:401.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:170.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CURRENT AND NON-CURRENT </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.95pt;position:var(--position);text-decoration:none;white-space:pre">GROSS </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.29pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:21pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.32pt;position:var(--position);text-decoration:none;white-space:pre">CONTRACTUAL </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.09pt;position:var(--position);text-decoration:none;white-space:pre">CASH FLOWS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.18pt;position:var(--position);text-decoration:none;white-space:pre">LESS THAN 1 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.18pt;position:var(--position);text-decoration:none;white-space:pre">YEAR</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.51pt;position:var(--position);text-decoration:none;white-space:pre">FROM 1 TO 2 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.51pt;position:var(--position);text-decoration:none;white-space:pre">FROM 2 TO 5 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.18pt;position:var(--position);text-decoration:none;white-space:pre">LONGER </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.95pt;position:var(--position);text-decoration:none;white-space:pre">THAN 5 </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS </span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">32,764<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:51.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.21pt"></span></span><span style="left:59.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,447<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:63.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">1,482<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,127<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">250<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">104<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">34,210<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:75.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">1,482<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,127<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">250<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">104<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:660.75pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:673.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(1) The contractual cash flows above do not include potential future royalty payments related to the royalty certificates, amounting to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:685.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.33pt;position:var(--position);text-decoration:none;white-space:pre"> of the future net sales of obefazimod (worldwide and for all indications). The amount of royalties that may be paid under the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:696.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates is capped at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">€172.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.58pt;position:var(--position);text-decoration:none;white-space:pre"> in the aggregate. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.87pt;position:var(--position);text-decoration:none;white-space:pre">The royalty certificates were repurchased by the Group on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre">May 7, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:707.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56pt;position:var(--position);text-decoration:none;white-space:pre"> and subsequently cancelled (see Note 3.3).</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following are the remaining contractual maturities of financial liabilities as of December 31, 2025 and March 31, 2026. The </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amounts are gross and undiscounted, and include contractual interest payments. </span></div><div style="position:var(--position);top:458.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:142.5pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td colspan="11" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);width:397.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:397.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:187.09pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:397.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:160.66pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CURRENT AND NON-CURRENT </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">GROSS </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.67pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:21pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.2pt;position:var(--position);text-decoration:none;white-space:pre">CONTRACTUAL </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">CASH FLOWS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.56pt;position:var(--position);text-decoration:none;white-space:pre">LESS THAN 1 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.55pt;position:var(--position);text-decoration:none;white-space:pre">YEAR</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:21pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.89pt;position:var(--position);text-decoration:none;white-space:pre">FROM 1 TO 2 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:21pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:9.82pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">FROM 2 TO 5 </span></div><div style="line-height:8pt;position:var(--position);top:19.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:21pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.02pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.8pt;position:var(--position);text-decoration:none;white-space:pre">LONGER </span></div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.58pt;position:var(--position);text-decoration:none;white-space:pre">THAN 5 </span></div><div style="line-height:8pt;position:var(--position);top:24.22pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.58pt;position:var(--position);text-decoration:none;white-space:pre">YEARS </span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">30,237<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:56.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:54.96pt"></span></span><span style="left:57.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.71pt"></span></span><span style="left:52.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:56.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:49.71pt"></span></span><span style="left:52.34pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:56.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.96pt"></span></span><span style="left:48.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:56.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,856<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:68.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,906<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,340<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:68.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">450<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">116<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:68.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:142.5pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:142.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">32,093<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:80.25pt;width:69pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">1,906<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:39.71pt"></span></span><span style="left:42.34pt;position:var(--position)">1,340<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:80.25pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">450<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:80.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:41.96pt"></span></span><span style="left:44.59pt;position:var(--position)">116<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:80.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.21pt"></span></span><span style="left:50.84pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:568pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:141.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:19.34pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td colspan="11" style="font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);width:401.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.7pt;width:401.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:188.97pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.3pt;width:401.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:170.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CURRENT AND NON-CURRENT </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FINANCIAL LIABILITIES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.95pt;position:var(--position);text-decoration:none;white-space:pre">GROSS </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.29pt;position:var(--position);text-decoration:none;white-space:pre">AMOUNT </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:21pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.32pt;position:var(--position);text-decoration:none;white-space:pre">CONTRACTUAL </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.09pt;position:var(--position);text-decoration:none;white-space:pre">CASH FLOWS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.18pt;position:var(--position);text-decoration:none;white-space:pre">LESS THAN 1 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.18pt;position:var(--position);text-decoration:none;white-space:pre">YEAR</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.51pt;position:var(--position);text-decoration:none;white-space:pre">FROM 1 TO 2 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.51pt;position:var(--position);text-decoration:none;white-space:pre">FROM 2 TO 5 </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:21pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.18pt;position:var(--position);text-decoration:none;white-space:pre">LONGER </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.95pt;position:var(--position);text-decoration:none;white-space:pre">THAN 5 </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);text-decoration:none;white-space:pre">YEARS </span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Royalty certificates (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">32,764<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:51.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.21pt"></span></span><span style="left:59.84pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#CCECFF;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:51.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,447<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:63.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">1,482<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,127<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">250<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">104<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:63.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:141.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:141.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">34,210<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:75.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">1,482<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:38.96pt"></span></span><span style="left:41.59pt;position:var(--position)">1,127<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">250<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:44.96pt"></span></span><span style="left:47.59pt;position:var(--position)">104<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:480pt;position:var(--position);top:75.75pt;width:63pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:48.96pt"></span></span><span style="left:51.59pt;position:var(--position)">—<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:660.75pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:673.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(1) The contractual cash flows above do not include potential future royalty payments related to the royalty certificates, amounting to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:685.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.33pt;position:var(--position);text-decoration:none;white-space:pre"> of the future net sales of obefazimod (worldwide and for all indications). The amount of royalties that may be paid under the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:696.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates is capped at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">€172.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.58pt;position:var(--position);text-decoration:none;white-space:pre"> in the aggregate. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.87pt;position:var(--position);text-decoration:none;white-space:pre">The royalty certificates were repurchased by the Group on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre">May 7, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:707.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56pt;position:var(--position);text-decoration:none;white-space:pre"> and subsequently cancelled (see Note 3.3).</span></div> 30237000 0 0 0 0 0 1856000 1906000 1340000 450000 116000 0 32093000 1906000 1340000 450000 116000 0 32764000 0 0 0 0 0 1447000 1482000 1127000 250000 104000 0 34210000 1482000 1127000 250000 104000 0 0.02 172100000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Retirement benefit obligations</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre">Retirement benefit obligations include the liability for the defined benefit plan, measured based on the provisions stipulated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre">under the applicable collective agreements, i.e. the French pharmaceutical industry’s collective agreement. This commitment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114.36pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre">only applies to employees subject to French law. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.28pt;position:var(--position);text-decoration:none;white-space:pre">Employees in the U.S. benefit from defined contribution plans (401(k)).</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Payables, other current liabilities and provisions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 17.1. Trade payables and other current liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:182.86pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities break down as follows:</span></div><div style="position:var(--position);top:208.16pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:418.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:252pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:252pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:74.46pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TRADE PAYABLES AND OTHER CURRENT LIABILITIES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.92pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">23,388<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:42.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">9,961<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued invoices</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:54.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">14,159<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:54.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:54.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">19,553<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:66.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:70.21pt"></span></span><span style="left:72.83999999999999pt;position:var(--position)">4<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:66.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:66.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:78.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.62pt;position:var(--position);text-decoration:none;white-space:pre">37,552</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:78.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:-7.63pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:78.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.62pt;position:var(--position);text-decoration:none;white-space:pre">29,514</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre;width:512.57pt">The decrease in Trade payables as of March 31, 2026 compared to December 31, 2025 is mainly attributable to decreased</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:554.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre;width:32.44pt">activity </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.44pt;position:var(--position);text-decoration:none;white-space:pre;width:134.27pt">on the ABTECT clinical program</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.71pt;position:var(--position);text-decoration:none;white-space:pre;width:306.56pt"> as a result of reaching major milestones in the Phase 3 clinical trials in 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.27pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 17.2. Tax and employee-related payables</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:394.21pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Tax and employee-related payables are presented below:</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:405.51pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:416.84pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:418.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:75.96pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:26.62pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TAX AND EMPLOYEE-RELATED PAYABLES</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.37pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.95pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:9pt;position:var(--position);top:14.17pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:8.33pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:9pt;position:var(--position);top:24.97pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:32.06pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:8.77pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.95pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:9pt;position:var(--position);top:19.57pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:6.71pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee-related payables</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:47.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">4,816<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:47.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">2,130<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Social security and other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:59.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">2,304<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:59.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">11,199<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other tax and related payments</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">17<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">164<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TAX AND EMPLOYEE-RELATED PAYABLES</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:83.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">7,137</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:83.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.62pt;position:var(--position);text-decoration:none;white-space:pre">13,493</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:527.09pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The decrease in employee-related payables as of March 31, 2026 is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.33pt;position:var(--position);text-decoration:none;white-space:pre">mainly related to year-end bonus accruals.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:550.39pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The increase in Social security and other payables as of March 31, 2026 is mainly related to social contributions on vested AGAs that </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">have become due, which are calculated using the vesting-date share price (see Note 14).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:610.29pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 17.3 Provisions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Provisions are presented </span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.18pt;position:var(--position);text-decoration:none;white-space:pre">below:</span></div><div style="position:var(--position);top:91.86pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:348.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:108pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:32.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:108pt"><div><div style="line-height:8pt;position:var(--position);top:13.62pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">euros)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.15pt;position:var(--position);text-decoration:none;white-space:pre">AGA EMPLOYER </span></div><div style="line-height:8pt;position:var(--position);top:13.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.15pt;position:var(--position);text-decoration:none;white-space:pre">CONTRIBUTIONS </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.15pt;position:var(--position);text-decoration:none;white-space:pre">AND TAXES</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.69pt;position:var(--position);text-decoration:none;white-space:pre">OTHER </span></div><div style="line-height:8pt;position:var(--position);top:18.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.26pt;position:var(--position);text-decoration:none;white-space:pre">PROVISIONS</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.13pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:32.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">45,185<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:32.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">694<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:32.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">45,879<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increases</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">70<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">70<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Provisions used</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:65.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(8,325)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:65.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.55pt"></span></span><span style="left:62.18pt;position:var(--position)">(563)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:65.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(8,888)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unused reversals</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(3,394)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:63.55pt"></span></span><span style="left:66.17999999999999pt;position:var(--position)">(51)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(3,445)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">33,467<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">150<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">33,616<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-current</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:110.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">15,471<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:110.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">20<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:110.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">15,491<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:122.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">17,995<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:122.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">130<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:122.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">18,125<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:243.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group's provisions as of March 31, 2026 primarily consist of AGA employer contributions and taxes. Movements during the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:254.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">period were as follows:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The provisions used correspond to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.18pt;position:var(--position);text-decoration:none;white-space:pre">social contributions on vested AGAs that have become due;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:299.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The unused reversals are related to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.47pt;position:var(--position);text-decoration:none;white-space:pre">(i) the decrease in the Group's share price over the period and, to a lesser extent, (ii) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:310.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">forfeitures </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.11pt;position:var(--position);text-decoration:none;white-space:pre">following employee departures and changes in estimates regarding the achievement of performance conditions. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:321.51pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The amount is presented net of the accrual of obligations arising from services rendered during the period under the relevant </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:332.71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">AGA plans.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:366.31pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Other provisions primarily relate to employment-related claims or other minor litigation matters.</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities break down as follows:</span><div style="position:var(--position);top:208.16pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:418.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:252pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:252pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:74.46pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TRADE PAYABLES AND OTHER CURRENT LIABILITIES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.92pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.57pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.47pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:17.17pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">23,388<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:42.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">9,961<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued invoices</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:54.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">14,159<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:54.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:54.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">19,553<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:66.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:70.21pt"></span></span><span style="left:72.83999999999999pt;position:var(--position)">4<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:66.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:-3.63pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:66.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:252pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:252pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables and other current liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:78.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.62pt;position:var(--position);text-decoration:none;white-space:pre">37,552</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:335.25pt;overflow:hidden;position:var(--position);top:78.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:-7.63pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:78.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.62pt;position:var(--position);text-decoration:none;white-space:pre">29,514</span></div></div></div></td></tr></tbody></table></div></div></div> 23388000 9961000 14159000 19553000 4000 0 37552000 29514000 <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Tax and employee-related payables are presented below:</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:405.51pt;width:612pt"><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:416.84pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:418.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:75.96pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:26.62pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TAX AND EMPLOYEE-RELATED PAYABLES</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.37pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.95pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:9pt;position:var(--position);top:14.17pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:8.33pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, </span></div><div style="line-height:9pt;position:var(--position);top:24.97pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:32.06pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:12pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:8.77pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.95pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:9pt;position:var(--position);top:19.57pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:6.71pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee-related payables</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:47.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">4,816<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:47.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">2,130<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Social security and other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:59.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:56.21pt"></span></span><span style="left:58.84pt;position:var(--position)">2,304<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:59.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">11,199<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other tax and related payments</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">17<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">164<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:255pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:255pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TAX AND EMPLOYEE-RELATED PAYABLES</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:83.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">7,137</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:83.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.62pt;position:var(--position);text-decoration:none;white-space:pre">13,493</span></div></div></div></td></tr></tbody></table></div></div></div> 4816000 2130000 2304000 11199000 17000 164000 7137000 13493000 <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Provisions are presented </span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.18pt;position:var(--position);text-decoration:none;white-space:pre">below:</span><div style="position:var(--position);top:91.86pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:348.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:108pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:32.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:108pt"><div><div style="line-height:8pt;position:var(--position);top:13.62pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:43.34pt;position:var(--position);text-decoration:none;white-space:pre">euros)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.15pt;position:var(--position);text-decoration:none;white-space:pre">AGA EMPLOYER </span></div><div style="line-height:8pt;position:var(--position);top:13.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.15pt;position:var(--position);text-decoration:none;white-space:pre">CONTRIBUTIONS </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.15pt;position:var(--position);text-decoration:none;white-space:pre">AND TAXES</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.69pt;position:var(--position);text-decoration:none;white-space:pre">OTHER </span></div><div style="line-height:8pt;position:var(--position);top:18.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.26pt;position:var(--position);text-decoration:none;white-space:pre">PROVISIONS</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.13pt;position:var(--position);text-decoration:none;white-space:pre">TOTAL</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">DECEMBER 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:32.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">45,185<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:32.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">694<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:32.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">45,879<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increases</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">70<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">70<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Provisions used</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:65.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(8,325)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:65.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.55pt"></span></span><span style="left:62.18pt;position:var(--position)">(563)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:65.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(8,888)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unused reversals</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(3,394)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:63.55pt"></span></span><span style="left:66.17999999999999pt;position:var(--position)">(51)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.55pt"></span></span><span style="left:56.18pt;position:var(--position)">(3,445)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">AS OF </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">33,467<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">150<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.5pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">33,616<span style="display:inline-block;height:5.41pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-current</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:110.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">15,471<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:110.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:66.21pt"></span></span><span style="left:68.83999999999999pt;position:var(--position)">20<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:110.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">15,491<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:108pt;position:var(--position);top:122.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">17,995<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:122.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">130<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:122.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:52.21pt"></span></span><span style="left:54.84pt;position:var(--position)">18,125<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 45185000 694000 45879000 0 70000 70000 8325000 563000 8888000 3394000 51000 3445000 33467000 150000 33616000 15471000 20000 15491000 17995000 130000 18125000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Operating income</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:422.61pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Operating income is composed as below:</span></div><div style="font-size:12pt;position:var(--position);top:444.61pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:0pt;left:38.5pt;position:var(--position);width:315.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:179.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:38.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:63.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.87pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">OPERATING INCOME</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:14.47pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:24.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:33.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:43.27pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:14.47pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:24.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:33.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:43.27pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit ("CIR")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.62pt;position:var(--position);text-decoration:none;white-space:pre">970</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">1,139</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depositary service fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.62pt;position:var(--position);text-decoration:none;white-space:pre">24</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.62pt;position:var(--position);text-decoration:none;white-space:pre">205</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total operating income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:99.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.62pt;position:var(--position);text-decoration:none;white-space:pre">994</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:99.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">1,344</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:572.38pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit (“CIR”) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594.78pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group carries out research and development projects. As such, it has benefited from a research tax credit for the three-month </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:605.98pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">periods ended March 31, 2025 and 2026 for an amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.18pt;position:var(--position);text-decoration:none;white-space:pre">€970 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.77pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:347.2pt;position:var(--position);text-decoration:none;white-space:pre">€1,139 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.29pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:639.58pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Depositary services fees</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:661.98pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">This line item includes issuance, cancellation and depositary service fees collected from ADS holders by Citibank, who is acting as the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:673.18pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Group's exclusive depositary for its publicly listed ADSs. As part of the depositary agreement between Citibank and the Group, the </span></div>latter is entitled to receive a portion of the aforementioned fees collected by Citibank. <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">Operating income is composed as below:</span><div style="font-size:12pt;position:var(--position);top:444.61pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:0pt;left:38.5pt;position:var(--position);width:315.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:179.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:38.09pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:63.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.87pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">OPERATING INCOME</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:14.47pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:24.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:33.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:43.27pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.75pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:14.47pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:24.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:33.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:43.27pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.87pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research tax credit ("CIR")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.62pt;position:var(--position);text-decoration:none;white-space:pre">970</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">1,139</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depositary service fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.62pt;position:var(--position);text-decoration:none;white-space:pre">24</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.62pt;position:var(--position);text-decoration:none;white-space:pre">205</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:179.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:179.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total operating income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:182.25pt;position:var(--position);top:99.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.62pt;position:var(--position);text-decoration:none;white-space:pre">994</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:250.5pt;position:var(--position);top:99.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">1,344</span></div></div></div></td></tr></tbody></table></div></div></div> 970000 1139000 24000 205000 994000 1344000 970000 1139000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Operating expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 19.1. Sales and marketing</span><div style="position:var(--position);top:141.79pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:298.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:20.46pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:53.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">SALES AND MARKETING</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.02pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:33.22pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.02pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:33.22pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel costs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:65.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">474</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:65.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">1,007</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting and professional fees </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:77.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">218</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:77.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">666</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other sales and marketing expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:89.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">168</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:89.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:63.62pt;position:var(--position);text-decoration:none;white-space:pre">75</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sales &amp; Marketing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:101.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">860</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:101.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">1,748</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The increase in sales and marketing personnel costs for the three-month period ended March 31, 2026 compared to March 31, 2025 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">was predominantly driven by the increase in the Group's costs related to the preparation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:386.56pt;position:var(--position);text-decoration:none;white-space:pre"> for potential</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.16pt;position:var(--position);text-decoration:none;white-space:pre"> future sales and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">commercialization efforts of obefazimod in the U.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.56pt;position:var(--position);text-decoration:none;white-space:pre">S</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.12pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 19.2. Research and development</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:363.34pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses break down as follows: </span></div><div style="position:var(--position);top:385.74pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:276.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:146.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:21.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:62.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.32pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RESEARCH AND DEVELOPMENT </span></div><div style="line-height:8pt;position:var(--position);top:32.92pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">EXPENSES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:12pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:13.72pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.32pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.36pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:32.92pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.14pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:42.52pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:12pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:13.72pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.32pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.36pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:32.92pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.14pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:42.52pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sub-contracting, studies and research</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">29,153</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">19,795</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel costs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:86.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.62pt;position:var(--position);text-decoration:none;white-space:pre">5,368</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:86.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">24,395</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting and professional fees </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:98.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.62pt;position:var(--position);text-decoration:none;white-space:pre">3,981</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:98.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.62pt;position:var(--position);text-decoration:none;white-space:pre">4,026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intellectual property fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:110.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">239</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:110.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">431</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other research and development expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:122.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">560</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:122.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">896</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:134.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">39,301</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:134.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">49,542</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:548.99pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:531.93pt">The increase in research and development expenses for the three-month period ended March 31, 2026 compared to March 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:567.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:560.99pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:249.25pt">is primarily due to increasing personnel costs, mainly due to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.25pt;position:var(--position);text-decoration:none;white-space:pre;width:282.7pt">expense recognized in relation to the accelerated vesting of certain of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:567.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:572.99pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:532pt">the Group's former Chief Scientific Officer's AGA plans (see Note 14) as well as the impact of share-based compensation plans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:568pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:584.99pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:211.45pt">granted in 2025. This increase was partly offset by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.45pt;position:var(--position);text-decoration:none;white-space:pre;width:320.52pt">a decrease in sub-contracting, studies and research expenses related to our UC</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:567.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:596.99pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:39.15pt">program, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.15pt;position:var(--position);text-decoration:none;white-space:pre;width:492.92pt">attributable to decreased activity on our ABTECT clinical program as a result of reaching major milestones in the Phase 3</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:568.07pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.99pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:87.1pt">clinical trials in 2025.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Note 19.3. General and administrative</span><span style="font-family:'Calibri', sans-serif;font-size:11pt;font-style:normal;font-weight:normal;left:198.66pt;position:var(--position);text-decoration:none;top:-2.75pt;white-space:pre">  </span><div style="position:var(--position);top:97.19pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:290.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:152.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:24.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:59.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.82pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.74pt;position:var(--position);text-decoration:none;white-space:pre">GENERAL AND ADMINISTRATIVE </span></div><div style="line-height:8pt;position:var(--position);top:31.42pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.48pt;position:var(--position);text-decoration:none;white-space:pre">EXPENSES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:12pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.12pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:21.83pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.23pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:31.43pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:41.03pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.46pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:50.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.12pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:21.83pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.23pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:31.43pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:41.03pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.46pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:50.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel costs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:71.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">5,059</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:71.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,640</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting and professional fees </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:83.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,935</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:83.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">3,344</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other general and administrative expenses </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:95.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,039</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:95.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,299</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:107.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">8,033</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:107.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">6,283</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:235.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:178.29pt">The decrease in general and administrative e</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:214.29pt;position:var(--position);text-decoration:none;white-space:pre;width:361.57pt">xpenses for the three-month period ended March 31, 2026 was primarily due to a decrease</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:247.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:390.59pt">in personnel costs, mainly due to a decrease in AGAs employer tax and social contributions of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.59pt;position:var(--position);text-decoration:none;white-space:pre;width:68.42pt">(3,476) thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.01pt;position:var(--position);text-decoration:none;white-space:pre;width:80.97pt">, resulting primarily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.24pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">from (i) the decrease in the Group's share price during the first quarter of 2026 and, to a lesser extent, (ii) forfeitures following</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:478.89pt">employee departures and changes in estimates regarding the achievement of vesting conditions (see Notes 14 and 17.3).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:280.64pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:149.76pt">The decrease was partly offset by an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.76pt;position:var(--position);text-decoration:none;white-space:pre;width:38.99pt"> increase </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.75pt;position:var(--position);text-decoration:none;white-space:pre;width:141.31pt">in consulting and professional fees</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.06pt;position:var(--position);text-decoration:none;white-space:pre;width:209.81pt">, driven by increased costs associated with building</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291.84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:457.99pt">the Group's infrastructure to support future growth in its operations and other general and administrative expenses.</span></div> <div style="font-size:0pt;left:36pt;position:var(--position);width:298.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:20.46pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:53.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">SALES AND MARKETING</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.02pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:33.22pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.02pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:33.22pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel costs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:65.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">474</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:65.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">1,007</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting and professional fees </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:77.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">218</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:77.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">666</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other sales and marketing expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:89.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">168</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:89.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:63.62pt;position:var(--position);text-decoration:none;white-space:pre">75</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sales &amp; Marketing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:101.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">860</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:101.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">1,748</span></div></div></div></td></tr></tbody></table></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses break down as follows: </span><div style="position:var(--position);top:385.74pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:276.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:146.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:21.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:62.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.32pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RESEARCH AND DEVELOPMENT </span></div><div style="line-height:8pt;position:var(--position);top:32.92pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">EXPENSES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:12pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:13.72pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.32pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.36pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:32.92pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.14pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:42.52pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:12pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.25pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:13.72pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.13pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:23.32pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.36pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:32.92pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.14pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:42.52pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.58pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:52.12pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sub-contracting, studies and research</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">29,153</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">19,795</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel costs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:86.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.62pt;position:var(--position);text-decoration:none;white-space:pre">5,368</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:86.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">24,395</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting and professional fees </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:98.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.62pt;position:var(--position);text-decoration:none;white-space:pre">3,981</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:98.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.62pt;position:var(--position);text-decoration:none;white-space:pre">4,026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intellectual property fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:110.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">239</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:110.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">431</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other research and development expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:122.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">560</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:122.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.62pt;position:var(--position);text-decoration:none;white-space:pre">896</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:146.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:134.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">39,301</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:214.5pt;position:var(--position);top:134.25pt;width:62.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:37.62pt;position:var(--position);text-decoration:none;white-space:pre">49,542</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:0pt;left:36pt;position:var(--position);width:290.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:152.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:24.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:59.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.82pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.74pt;position:var(--position);text-decoration:none;white-space:pre">GENERAL AND ADMINISTRATIVE </span></div><div style="line-height:8pt;position:var(--position);top:31.42pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:55.48pt;position:var(--position);text-decoration:none;white-space:pre">EXPENSES</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:12pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.12pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:21.83pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.23pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:31.43pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:41.03pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.46pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:50.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.12pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:21.83pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.23pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:31.43pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.01pt;position:var(--position);text-decoration:none;white-space:pre">ENDED </span></div><div style="line-height:8pt;position:var(--position);top:41.03pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.46pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, </span></div><div style="line-height:8pt;position:var(--position);top:50.63pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel costs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:71.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">5,059</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:71.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,640</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting and professional fees </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:83.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,935</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:83.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">3,344</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other general and administrative expenses </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:95.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,039</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:95.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">1,299</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:155.25pt;position:var(--position);top:107.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">8,033</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:107.25pt;width:66pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:66pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.37pt;position:var(--position);text-decoration:none;white-space:pre">6,283</span></div></div></div></td></tr></tbody></table></div></div> 474000 1007000 218000 666000 168000 75000 860000 1748000 29153000 19795000 5368000 24395000 3981000 4026000 239000 431000 560000 896000 39301000 49542000 5059000 1640000 1935000 3344000 1039000 1299000 8033000 6283000 -3476000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Employees</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:334.54pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s average workforce during the periods ended March 31, 2025 and 2026 was as follows:</span></div><div style="position:var(--position);top:356.29pt;width:612pt"><div style="font-size:0pt;left:43pt;position:var(--position);width:271.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:88.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:88.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:88.5pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">HEADCOUNT</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.44pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.44pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">France </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:30.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">42</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);top:30.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">27</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">35</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:54.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">69</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);top:54.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">80</span></div></div></div></td></tr></tbody></table></div></div></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s average workforce during the periods ended March 31, 2025 and 2026 was as follows:</span><div style="position:var(--position);top:356.29pt;width:612pt"><div style="font-size:0pt;left:43pt;position:var(--position);width:271.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:88.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:88.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:88.5pt"></td></tr><tr style="height:30.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">HEADCOUNT</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.44pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.77pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.44pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:21.97pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">France </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:30.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">42</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);top:30.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">27</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.24pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">35</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:54.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">69</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183pt;position:var(--position);top:54.75pt;width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:77.87pt;position:var(--position);text-decoration:none;white-space:pre">80</span></div></div></div></td></tr></tbody></table></div></div></div> 42 45 27 35 69 80 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Financial gain (loss)</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471.29pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The financial loss breaks down as follows:</span></div><div><div style="font-size:12pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:385.75pt;position:var(--position)"><span style="display:inline-block;height:317.25pt;width:17.25pt"></span></span></span><div style="font-size:0pt;left:43pt;position:var(--position);width:342.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:188.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:42.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:50.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:41.62pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> FINANCIAL GAIN (LOSS)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:31.72pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:31.72pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on bond loans</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:62.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(2,155)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:62.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on convertible loan notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:74.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(1,356)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:74.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on PGE</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:86.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.22pt"></span></span><span style="left:59.85pt;position:var(--position)">(22)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:86.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on royalty certificates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:98.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.22pt"></span></span><span style="left:55.85pt;position:var(--position)">(983)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:98.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(2,527)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:110.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.22pt"></span></span><span style="left:59.85pt;position:var(--position)">(19)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:110.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.22pt"></span></span><span style="left:59.85pt;position:var(--position)">(13)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Increase) / decrease in derivatives fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.22pt"></span></span><span style="left:55.85pt;position:var(--position)">(175)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.26pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase /  (decrease) in other liabilities / (assets) at fair </span></div><div style="line-height:8pt;position:var(--position);top:11.86pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">value through profit and loss</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:134.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.06pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(1,051)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:134.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.06pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange losses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:154.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.22pt"></span></span><span style="left:55.85pt;position:var(--position)">(954)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:154.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(2,223)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:61.22pt"></span></span><span style="left:63.85pt;position:var(--position)">(6)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:61.22pt"></span></span><span style="left:63.85pt;position:var(--position)">(6)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:178.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(6,723)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:178.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(4,769)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:190.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">859</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:190.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">644</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Increase) / decrease in derivatives fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:202.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">145</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:202.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:2.72pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:58.88pt"></span></span><span style="left:61.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:215.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase / (decrease) in other liabilities (assets) at fair </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">value through profit and loss</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:215.25pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.84pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:58.88pt"></span></span><span style="left:61.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:215.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">3,274</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:236.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of unwinding the discount related to advances </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">made to CROs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:236.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">233</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:236.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">125</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:257.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Day-one gain on recognition of financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:257.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">147</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:257.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange gains </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:269.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:63.62pt;position:var(--position);text-decoration:none;white-space:pre">80</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:269.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">8,715</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:281.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:281.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:63.62pt;position:var(--position);text-decoration:none;white-space:pre">88</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:281.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:293.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial income </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:293.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">1,552<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:293.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.88pt"></span></span><span style="left:48.510000000000005pt;position:var(--position)">12,759<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:305.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial gain (loss)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:305.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(5,170)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:305.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">7,989<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:415.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Financial expenses</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:439.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Interest on bond loans consists of interests from the Kreos / Claret B and C tranches (non-convertible bonds), drawn down in March </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:451.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and June 2024, respectively, and redeemed in December 2025 (see Note 15.1). </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:475.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Interest on convertible loan notes for the three-month period ended March 31, 2025 corresponds to interests from the Kreos / Claret </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:487.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">OCABSA (tranche A) and from the Heights notes, which were converted into ordinary shares of the Group during the second half of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:499.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 (see Notes 15.1 and 15.2).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:523.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Interest on royalty certificates are detailed in Notes 15.5 and 15.7.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:547.48pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Increases and decreases in the </span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.32pt;position:var(--position);text-decoration:none;white-space:pre">fair value of derivatives </span><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.96pt;position:var(--position);text-decoration:none;white-space:pre">for the three-month period ended March 31, 2025 relate to the Kreos / Claret </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:559.48pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">BSA and MRI and are detailed in Notes 15.1, 15.2 and 15.7.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:583.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The increase in other liabilities at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.88pt;position:var(--position);text-decoration:none;white-space:pre">FVTPL</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.42pt;position:var(--position);text-decoration:none;white-space:pre"> mainly relate to the Heights notes for the three-month period ended March 31, 2025 (see </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:595.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 15.2). </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange losses for the three-month period ended March 31, 2025 relate to the translation of cash and cash equivalents held in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630.68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">U.S. dollars into the Group's presentation currency as of March 31, 2025, resulting in a loss of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.99pt;position:var(--position);text-decoration:none;white-space:pre">€447 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.58pt;position:var(--position);text-decoration:none;white-space:pre">, and to other realized </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:641.88pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and unrealized losses on foreign exchange transactions.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:665.08pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange losses for the three-month period ended March 31, 2026 relate to an intercompany payable with the Subsidiary </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:676.28pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">denominated in U.S. dollars, which settlement resulted in a net loss of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.19pt;position:var(--position);text-decoration:none;white-space:pre">€1,835 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.28pt;position:var(--position);text-decoration:none;white-space:pre">, and to other realized and unrealized losses on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:687.48pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">foreign exchange transactions (see Note 11).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:710.68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Financial income</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:82.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Interest income mainly relates to proceeds invested in cash equivalents and other investments measured at amortized cost, while </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:94.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">increases in assets measured at FVTPL mainly relate to proceeds invested in cash equivalents measured at FVTPL. These proceeds </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:106.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">primarily originate from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.6pt;position:var(--position);text-decoration:none;white-space:pre">(i) the Group's </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.97pt;position:var(--position);text-decoration:none;white-space:pre">i</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.74pt;position:var(--position);text-decoration:none;white-space:pre">nitial public offering on the Nasdaq Global Market and the concurrent European Private </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:118.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Placement from October 2023, (ii) the Kreos / Claret and Heights Financings and (iii) the Group's public Offering from July 2025 (see </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:130.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Note 11).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:154.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange gains for the three-month period ended March 31, 2026 relate to (i) the revaluation of the intercompany current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:166.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">account with the Subsidiary denominated in U.S. dollars, resulting in a net gain of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.5pt;position:var(--position);text-decoration:none;white-space:pre">€5,912 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.59pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.09pt;position:var(--position);text-decoration:none;white-space:pre"> (ii) the translation of cash and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:178.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">cash equivalents held in U.S. dollars into the Company's functional currency as of March 31, 2026, resulting in a net gain of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:190.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">€2,500 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.09pt;position:var(--position);text-decoration:none;white-space:pre"> (see Note 11), and (iii) other realized and unrealized gains on foreign exchange transactions.</span></div> <span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre">The financial loss breaks down as follows:</span><div style="font-size:12pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:385.75pt;position:var(--position)"><span style="display:inline-block;height:317.25pt;width:17.25pt"></span></span></span><div style="font-size:0pt;left:43pt;position:var(--position);width:342.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:188.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:42.59pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:50.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:41.62pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> FINANCIAL GAIN (LOSS)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:31.72pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:12pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.52pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:31.72pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on bond loans</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:62.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(2,155)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:62.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on convertible loan notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:74.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(1,356)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:74.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on PGE</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:86.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.22pt"></span></span><span style="left:59.85pt;position:var(--position)">(22)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:86.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on royalty certificates</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:98.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.22pt"></span></span><span style="left:55.85pt;position:var(--position)">(983)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:98.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(2,527)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:110.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.22pt"></span></span><span style="left:59.85pt;position:var(--position)">(19)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:110.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:57.22pt"></span></span><span style="left:59.85pt;position:var(--position)">(13)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Increase) / decrease in derivatives fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.22pt"></span></span><span style="left:55.85pt;position:var(--position)">(175)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:20.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.26pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase /  (decrease) in other liabilities / (assets) at fair </span></div><div style="line-height:8pt;position:var(--position);top:11.86pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">value through profit and loss</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:134.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.06pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(1,051)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:134.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.06pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange losses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:154.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:53.22pt"></span></span><span style="left:55.85pt;position:var(--position)">(954)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:154.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(2,223)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:61.22pt"></span></span><span style="left:63.85pt;position:var(--position)">(6)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:61.22pt"></span></span><span style="left:63.85pt;position:var(--position)">(6)<span style="display:inline-block;height:5.54pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:178.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(6,723)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:178.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(4,769)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:190.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">859</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:190.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">644</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Increase) / decrease in derivatives fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:202.5pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.31pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">145</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:202.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:2.72pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:58.88pt"></span></span><span style="left:61.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:215.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase / (decrease) in other liabilities (assets) at fair </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">value through profit and loss</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:215.25pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.84pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:58.88pt"></span></span><span style="left:61.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:215.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">3,274</span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:236.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.63pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of unwinding the discount related to advances </span></div><div style="line-height:8pt;position:var(--position);top:12.23pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">made to CROs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:236.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">233</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:236.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.43pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">125</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:257.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Day-one gain on recognition of financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:257.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:59.62pt;position:var(--position);text-decoration:none;white-space:pre">147</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:257.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange gains </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:269.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:63.62pt;position:var(--position);text-decoration:none;white-space:pre">80</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:269.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.62pt;position:var(--position);text-decoration:none;white-space:pre">8,715</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:281.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other financial income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:281.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:63.62pt;position:var(--position);text-decoration:none;white-space:pre">88</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:281.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:59.88pt"></span></span><span style="left:62.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:5.54pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:293.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial income </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:293.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">1,552<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:293.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.88pt"></span></span><span style="left:48.510000000000005pt;position:var(--position)">12,759<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:305.25pt;width:188.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial gain (loss)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:305.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:47.22pt"></span></span><span style="left:49.85pt;position:var(--position)">(5,170)<span style="display:inline-block;height:5.41pt;width:0.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:268.5pt;position:var(--position);top:305.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">7,989<span style="display:inline-block;height:5.41pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2155000 0 1356000 0 22000 0 983000 2527000 19000 13000 175000 0 1051000 0 954000 2223000 6000 6000 6723000 4769000 859000 644000 145000 0 0 3274000 233000 125000 147000 0 80000 8715000 88000 0 1552000 12759000 -5170000 7989000 447000 1835000 5912000 2500000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Income tax</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group incurred tax losses in the current period and prior years. As the recoverability of these tax losses is not considered probable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:263.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in subsequent periods due to the uncertainties inherent in the Group’s business, the Group has not recognized deferred tax assets </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:275.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">beyond deferred tax liabilities arising within the same taxable entity under the same taxable regime and with consistent timing of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:286.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">reversal, after considering, if applicable, limitations in the use of deductible tax losses carried forward from prior periods applicable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:298.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">under tax laws in France and in the U.S.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:321.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">For the three-month period ended March 31, 2026, the Group has used the effective tax rate for the interim period, which represents </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:333.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the best available estimate of the annual effective tax rate at this date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:357.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of March 31, 2026, the difference related to royalty certificates between (i) the amount already deemed deductible from the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company's taxable income as of March 31, 2026 (based on the certificates' fair value minus the subscription price) and (ii) the amount </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of the related financial liability recognized in the Group's Statements of Financial Position at that date (measured at amortized cost </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">using the original EIR) results in a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.13pt;position:var(--position);text-decoration:none;white-space:pre">€17,383 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.22pt;position:var(--position);text-decoration:none;white-space:pre"> deferred tax liability.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:417.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As of March 31, 2026, the Group has re-assessed the expected reversal of temporary taxable and deductible differences existing at the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:429.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">reporting date. The timing of reversal of the taxable difference on royalty certificates was estimated under the same cash flow schedule </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:441.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and discount rate assumptions as the certificates' fair value as of March 31, 2026 (see Note 15.5).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:453.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Based on this assessment, under the above recoverability assumption and after taking into account the limitations on the use of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">deductible tax losses carried forward in France, the Group determined that deferred tax assets amounting to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.42pt;position:var(--position);text-decoration:none;white-space:pre">€11,307 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:538.51pt;position:var(--position);text-decoration:none;white-space:pre"> could be </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:477.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognized as it is anticipated that the related deductible temporary differences and losses carried forward will reverse and be utilized </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:489.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">against future taxable temporary differences in the same periods in this jurisdiction.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:501.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As a result, the net deferred tax position of the Group as of March 31, 2026 is a deferred tax liability of €</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.57pt;position:var(--position);text-decoration:none;white-space:pre">6,076 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre">, relating to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">royalty certificates.</span></div> 17383000 11307000 6076000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Loss per share</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:569.16pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Basic loss per share is calculated by dividing income (loss) attributable to equity holders of the Company by the weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:581.16pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">average number of outstanding ordinary shares for the period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:604.66pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Diluted loss per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:616.66pt;width:612pt"><span style="color:#231f20;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">conversion of all dilutive potential ordinary shares.</span></div><div style="position:var(--position);top:70.56pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:322.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:176.25pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:6.38pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros, except share data)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:65.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:29.62pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BASIC AND DILUTED LOSS PER SHARE</span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:12pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:20.02pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:29.62pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.75pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:39.22pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.96pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:12pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:10.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.25pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:20.02pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.13pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:29.62pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.36pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:39.22pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.6pt;position:var(--position);text-decoration:none;white-space:pre">ENDED MARCH </span></div><div style="line-height:8pt;position:var(--position);top:48.82pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.12pt;position:var(--position);text-decoration:none;white-space:pre">31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of outstanding shares</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:77.25pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:32.96pt"></span></span><span style="left:35.59pt;position:var(--position)">63,378,911<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:77.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:26.21pt"></span></span><span style="left:28.84pt;position:var(--position)">78,958,563<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net loss for the period</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:89.25pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.3pt"></span></span><span style="left:46.93pt;position:var(--position)">(52,370)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:89.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.55pt"></span></span><span style="left:40.18pt;position:var(--position)">(48,468)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic and diluted loss per share (€/share) </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:101.25pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.3pt"></span></span><span style="left:54.93pt;position:var(--position)">(0.83)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:101.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.55pt"></span></span><span style="left:48.18pt;position:var(--position)">(0.61)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:200.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Since net results for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre">three-month periods ended March 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.02pt;position:var(--position);text-decoration:none;white-space:pre"> and 2026 are losses, potentially dilutive instruments (BCEs, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:212.01pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">BSAs, AGAs, the OCABSA, the Kreos / Claret BSAs and the Heights notes) have been excluded from the computation of diluted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:223.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">weighted-average shares outstanding because such instruments had an antidilutive impact. Consequently, diluted loss per share is the </span></div>same as the basic loss per share. <div style="font-size:0pt;left:36pt;position:var(--position);width:322.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:176.25pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.23pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:6.38pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands of euros, except share data)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:65.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:29.62pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BASIC AND DILUTED LOSS PER SHARE</span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:12pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:20.02pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.63pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE THREE </span></div><div style="line-height:8pt;position:var(--position);top:29.62pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.75pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS ENDED </span></div><div style="line-height:8pt;position:var(--position);top:39.22pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.96pt;position:var(--position);text-decoration:none;white-space:pre">MARCH 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:12pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:10.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.25pt;position:var(--position);text-decoration:none;white-space:pre">FOR THE </span></div><div style="line-height:8pt;position:var(--position);top:20.02pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.13pt;position:var(--position);text-decoration:none;white-space:pre">THREE </span></div><div style="line-height:8pt;position:var(--position);top:29.62pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.36pt;position:var(--position);text-decoration:none;white-space:pre">MONTHS </span></div><div style="line-height:8pt;position:var(--position);top:39.22pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.6pt;position:var(--position);text-decoration:none;white-space:pre">ENDED MARCH </span></div><div style="line-height:8pt;position:var(--position);top:48.82pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.12pt;position:var(--position);text-decoration:none;white-space:pre">31, 2026</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of outstanding shares</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:77.25pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:32.96pt"></span></span><span style="left:35.59pt;position:var(--position)">63,378,911<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:77.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:26.21pt"></span></span><span style="left:28.84pt;position:var(--position)">78,958,563<span style="display:inline-block;height:5.54pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net loss for the period</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:89.25pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:44.3pt"></span></span><span style="left:46.93pt;position:var(--position)">(52,370)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:89.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:2.93pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.54pt;width:37.55pt"></span></span><span style="left:40.18pt;position:var(--position)">(48,468)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:176.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:176.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic and diluted loss per share (€/share) </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:176.25pt;position:var(--position);top:101.25pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:52.3pt"></span></span><span style="left:54.93pt;position:var(--position)">(0.83)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:254.25pt;position:var(--position);top:101.25pt;width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.41pt;width:45.55pt"></span></span><span style="left:48.18pt;position:var(--position)">(0.61)</span></span></div></div></div></td></tr></tbody></table></div></div> 63378911 63378911 78958563 78958563 -52370000 -48468000 -0.83 -0.83 -0.61 -0.61 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Related parties</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:287.16pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Except for share-based compensation plans (see Note 14), the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre">Group</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.71pt;position:var(--position);text-decoration:none;white-space:pre"> has not engaged in any new transaction with its related parties </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:298.36pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">over the three-month period ended March 31, 2026.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Off-balance sheet commitments given and contingent liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:359.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">Over the three-month period ended March 31, 2026, the Group has not entered into any significant additional off-balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:371.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.9pt">sheet commitment or amended already existing commitments. The off-balance sheet commitments given by the Group as of March 31,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:383.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:529.36pt">2026 are identical to December 31, 2025, with the exception of the following changes in the commitments related to CRO contracts:</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.94pt">In the ordinary course of business, the Group regularly uses the services of subcontractors and enters into research and partnership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:407.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:472.44pt">arrangements with various CROs, and with public- sector partners or subcontractors, who conduct clinical trials and s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.44pt;position:var(--position);text-decoration:none;white-space:pre;width:67.43pt">tudies in relation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:419.11pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:93.75pt">to the drug candidates. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.75pt;position:var(--position);text-decoration:none;white-space:pre;width:123.61pt">As of December 31, 2025 and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.36pt;position:var(--position);text-decoration:none;white-space:pre;width:63.98pt">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.34pt;position:var(--position);text-decoration:none;white-space:pre;width:165.21pt">, the Group’s commitments amounted to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.55pt;position:var(--position);text-decoration:none;white-space:pre;width:76.29pt">€205,131 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:558.84pt;position:var(--position);text-decoration:none;white-space:pre;width:17.13pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:76.09pt">€198,060 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.09pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.84pt;position:var(--position);text-decoration:none;white-space:pre;width:367.92pt"> The cost of services performed by CROs is recognized as an operating expense as incurred.</span> 205131000 198060000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Off-balance sheet commitments received and contingent assets </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Over the three-month period ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.9pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.48pt;position:var(--position);text-decoration:none;white-space:pre">, the Group has not received any significant additional commitment and has not </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:572.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">identified any contingent assets susceptible to being recognized in the future.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:109.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">Management and assessment of financial risks </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:632.21pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group is exposed to interest rate risk, credit risk, foreign currency risk and liquidity risk. The Group has not identified any </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:643.41pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">significant changes in the identified credit and interest rate risks as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.62pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.2pt;position:var(--position);text-decoration:none;white-space:pre"> compared to December 31, 2025. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:672.61pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Liquidity risk </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:693.81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The remaining contractual maturities of financial liabilities as of December 31, 2025 and March 31, 2026 are presented in Note 15.8.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:70.56pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group's estimate of its cash runway as of the date of approval of these financial statements is set forth in Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:500.59pt;position:var(--position);text-decoration:none;white-space:pre"> - Going concern.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Foreign currency risk </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:125.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Group is exposed to a risk of exchange rates fluctuations on commercial transactions performed in currencies different from the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">functional currency of the Group entity recording the transactions. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:157.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36pt;position:var(--position)">As of  M<span style="display:inline-block;height:6.93pt;width:0.17pt"></span></span><span style="left:72pt;position:var(--position)">arch 31, 2026, the monetary (i) assets and (ii) liabilities denominated in U.S. dollars held by the Company amounted to </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:169.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">respectively (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.68pt;position:var(--position);text-decoration:none;white-space:pre">$346,558 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.77pt;position:var(--position);text-decoration:none;white-space:pre"> (of which cash and cash equivalents of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.6pt;position:var(--position);text-decoration:none;white-space:pre">$129,235 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.69pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:430.12pt;position:var(--position);text-decoration:none;white-space:pre">intercompany receivables</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.46pt;position:var(--position);text-decoration:none;white-space:pre"> of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:181.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">$201,078 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.09pt;position:var(--position);text-decoration:none;white-space:pre">) and (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.55pt;position:var(--position);text-decoration:none;white-space:pre">$1,251 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.64pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:193.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">As a result, a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.66pt;position:var(--position);text-decoration:none;white-space:pre">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.99pt;position:var(--position);text-decoration:none;white-space:pre"> adverse change in the euro closing exchange rate against the U.S. dollar would have resulted in a foreign exchange </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:205.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">loss of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.88pt;position:var(--position);text-decoration:none;white-space:pre">€27,302 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.97pt;position:var(--position);text-decoration:none;white-space:pre">, while a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.59pt;position:var(--position);text-decoration:none;white-space:pre">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.92pt;position:var(--position);text-decoration:none;white-space:pre"> favorable change would have resulted in a foreign exchange gain of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.71pt;position:var(--position);text-decoration:none;white-space:pre">€33,369 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.8pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:217.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Subsidiary does not hold any monetary asset or liability denominated in currencies different from its functioning currency (the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:229.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">U.S. dollar).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:253.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">At this stage, the Group has not adopted any recurring mechanism of hedging to protect its activity against currency fluctuations. From </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:263.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">time to time, the Group may nevertheless subscribe currency term accounts in order to cover a commitment in currency as described </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:273.76pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">above. The Group may consider in the future using a suitable policy to hedge exchange risks in a more significant manner if needed.</span></div> 346558000 129235000 201078000 1251000 0.10 -27302000 0.10 33369000