v3.26.1
Consolidated Statements of Profit or Loss and Other Comprehensive Income - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONTINUING OPERATIONS      
Revenue, including revenues received from related parties of 1,549, 28 and 0 for 2025, 2024 and 2023 € 4,484 € 1,193 € 311
Operating expenses:      
Equity-based compensation, including related party compensation of 267,601, 423 and 20 for 2025, 2024 and 2023 (Note 5, Note 14 and Note 16) 269,125 961 388
General and administrative and cost of goods, including related party expenses, 1,971, 1,119 and 0 for 2025, 2024 and 2023 (Note 6 and Note 16) 37,871 4,473 3,670
Impairment of non-financial assets (Note 7) 81,999
Total operating expenses 388,995 5,434 4,058
Operating loss from continuing operations (384,511) (4,241) (3,747)
Other income (expense):      
Interest income (expense) (229) (8) 47
Other income (expenses), including related parties other income (expenses) of 780, 1 and 350 6,297 412 521
Total other income 6,068 404 568
Loss before income taxes from continuing operations (378,443) (3,837) (3,179)
Income tax benefit 1,109
Net loss from continuing operations (377,334) (3,837) (3,179)
Loss from discontinued operations, net of tax (711) (1,212) (1,732)
Net loss (378,045) (5,049) (4,911)
Attributable to the Company (376,223) (4,428) (4,438)
Attributable to non-controlling interest (1,822) (621) (473)
Net loss (378,045) (5,049) (4,911)
Other comprehensive income (loss):      
Foreign currency translation adjustments 2,270 (28) 92
Total comprehensive loss € (375,775) € (5,077) € (4,819)
Ordinary Shares – Class A      
Weighted average shares outstanding - basic and diluted:      
Weighted average shares outstanding – basic (in Shares) 45,142 65,950 77,000
Weighted average shares outstanding – diluted (in Shares) 45,142 65,950 77,000
Net loss per share from continuing operations - basic (in Euro per share) € (162.42) € (35.65) € (27.89)
Net loss per share from discontinued operations – basic (in Euro per share) (0.15) (9.76) (15.19)
Net loss per share from continuing operations - diluted (in Euro per share) (162.42) (35.65) (27.89)
Net loss per share from discontinued operations – diluted (in Euro per share) (0.15) (9.76) (15.19)
Net loss per share from discontinued operations - basic and diluted      
Net loss per share from continuing operations - basic (in Euro per share) (162.42) (35.65) (27.89)
Net loss per share from discontinued operations – basic (in Euro per share) (0.15) (9.76) (15.19)
Net loss per share from continuing operations - diluted (in Euro per share) (162.42) (35.65) (27.89)
Net loss per share from discontinued operations – diluted (in Euro per share) € (0.15) € (9.76) € (15.19)
Ordinary Shares – Class B      
Weighted average shares outstanding - basic and diluted:      
Weighted average shares outstanding – basic (in Shares) 2,269,090 58,634 37,021
Weighted average shares outstanding – diluted (in Shares) 2,269,090 58,634 37,021
Net loss per share from continuing operations - basic (in Euro per share) € (162.42) € (35.65) € (27.89)
Net loss per share from discontinued operations – basic (in Euro per share) (0.15) (9.76) (15.19)
Net loss per share from continuing operations - diluted (in Euro per share) (162.42) (35.65) (27.89)
Net loss per share from discontinued operations – diluted (in Euro per share) (0.15) (9.76) (15.19)
Net loss per share from discontinued operations - basic and diluted      
Net loss per share from continuing operations - basic (in Euro per share) (162.42) (35.65) (27.89)
Net loss per share from discontinued operations – basic (in Euro per share) (0.15) (9.76) (15.19)
Net loss per share from continuing operations - diluted (in Euro per share) (162.42) (35.65) (27.89)
Net loss per share from discontinued operations – diluted (in Euro per share) € (0.15) € (9.76) € (15.19)