v3.26.3
Interim condensed consolidated statement of changes in shareholders' equity - EUR (€)
Share capital
Premiums related to share capital
Net profit (loss)
Translation Reserves
Reserves (Accumulated losses)
Total
Balance at the beginning at Dec. 31, 2024 € 957,000 € 249,160,000 € (184,212,000) € 600,000 € (173,151,000) € (106,647,000)
Balance at the beginning (in shares) at Dec. 31, 2024 95,662,391          
Net loss for the period     (175,882,000)     (175,882,000)
Remeasurement of defined benefit plans         93,000 93,000
Currency translation differences       (260,000)   (260,000)
Total comprehensive loss     (175,882,000) (260,000) 93,000 (176,049,000)
Appropriation of net income (loss)     184,212,000   (184,212,000)  
Issue of ordinary shares [1] € 435,000 135,115,000       135,550,000
Issue of ordinary shares (in shares) [1] 43,488,883          
Transaction costs   (7,519,000)       (7,519,000)
Issue of prefunded warrants [2]         138,130,000 138,130,000
Share-based payment compensation expenses         8,009,000 8,009,000
Treasury shares         85,000 85,000
Other         (467,000) (467,000)
Balance at the end (in shares) at Jun. 30, 2025 139,151,274          
Balance at the end at Jun. 30, 2025 € 1,392,000 376,755,000 (175,882,000) 340,000 (211,513,000) (8,909,000)
Balance at the beginning at Dec. 31, 2024 € 957,000 249,160,000 (184,212,000) 600,000 (173,151,000) € (106,647,000)
Balance at the beginning (in shares) at Dec. 31, 2024 95,662,391          
Balance at the end (in shares) at Dec. 31, 2025 193,236,978         193,236,978
Balance at the end at Dec. 31, 2025 € 1,932,370 528,230,262 [3] (354,138,000) 636,000 (205,182,000) € (28,522,000)
Net loss for the period     (69,467,000)     (69,467,000)
Remeasurement of defined benefit plans         73,000 73,000
Currency translation differences       (175,000)   (175,000)
Total comprehensive loss     (69,467,000) (175,000) 73,000 (69,570,000)
Appropriation of net income (loss)     354,138,000   (354,138,000)  
Issue of ordinary shares [4] € 430,000 123,899,000 [3]     (21,132,000) 103,197,000
Issue of ordinary shares (in shares) [4] 43,043,224          
Transaction costs   (8,205,000) [3]       (8,205,000)
Issue of prefunded warrants         49,933,000 49,933,000
Vesting of bonus shares € 157,000 21,100,000        
Share-based payment compensation expenses         11,753,000 11,753,000
Treasury shares         299,000 299,000
Other         116,000 € 116,000
Balance at the end (in shares) at Jun. 30, 2026 236,280,202         236,280,202
Balance at the end at Jun. 30, 2026 € 2,362,802 € 643,924,498 [3] € (69,467,000) € 460,000 € (518,278,000) € 59,002,000
[1] Corresponding mainly to the share capital increase consisting of the issuance of 42,488,883 new ordinary shares (see Note 4.8 Shareholders’ equity to the annual consolidated financial statements for the year ended on December 31, 2025)
[2] Corresponding to the issuance of 43,437,036 pre-funded warrants (see Note 4.9 – Financial Debt – Short term Derivatives to the annual consolidated financial statements for the year ended on December 31, 2025)
[3] Premiums related to share capital include €102.8 million of share premium resulting from the Equity Offering and €21.1 million resulting from the exercise of T1 and T2 warrants issued under the Structured Financing and (€7.8) million of transaction costs related to the Equity Offering and (€0.4) million relating to transaction costs recognized on January 1, 2026 in connection with the November 2025 public offering (see Note 4.8 – Shareholders’ equity).
[4] Share capital variation include a €272 thousand increase from the Equity Offering completed on June 5, 2026, corresponding to the issuance of 27,272,727 ordinary shares, and a €157 thousand increase in share capital resulting from the exercise of T1 and T2 warrants issued under the Structured Financing (see Note 4.8 – Shareholders’ equity).