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Other income/(expenses), net
6 Months Ended
Jun. 30, 2026
Analysis of income and expense [abstract]  
Other income/(expenses), net
Note 7
Other income/(expenses), net
The other income and expenses, net include the following:
Six months ended June 30,
 in € thousand 20262025
Research and development tax credit550 2,792 
Grant income2,496 1,951 
Gain/(loss) on disposal of fixed assets and intangible assets, net(14)(230)
Gain/(loss) from revaluation of lease agreements(1)— 
Taxes, duties, fees, charges, other than income tax(136)(215)
Miscellaneous income/(expenses), net44 258 
OTHER INCOME AND EXPENSES, NET2,939 4,555 

Other operating income and expenses, net decreased by €1.6 million, or 35%, to €2.9 million for the six months ended June 30, 2026 primarily due to lower research and development tax credit income.
The research and development tax credit in Austria decreased by €1.6 million and in France by €0.6 million due to a lower eligible expense base compared to the same period of 2025.
Within the grant income, as of June 30, 2026, Valneva recognized €2.3 million (June 30, 2025: €1.8 million) as
grant income related to an additional funding from CEPI (Coalition for Epidemic Preparedness Innovations)