Basic loss per share is calculated by dividing net loss for the period attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year.

As the Company has losses in all periods, potential ordinary shares from Management Stock Options, Employee Stock Options, RSU plans and Warrants are not dilutive (losses per share would be less and anti-dilution would exist), Hence, these shares are not considered in the calculation of losses per diluted share.

Details of the calculation of basic and diluted loss per share are as follows:


(In thousand Euros)	June 30, 2026			June 30, 2025 (*)
Loss for the period		(47,938	)		(34,476	)
Dilutive effects on earnings per share		—			—
Total loss for basic and diluted earnings per share		(47,938	)		(34,476	)
Number of shares
Weighted average number of ordinary shares for basic and diluted 'earnings per share (thousand shares)		18,068			13,693
Basic and diluted losses per share (In Euros)		(2.65	)		(2.52	)

(*) As a consequence of the reverse stock split that occurred in 2025 , and in accordance with IAS 33, the Company has restated the comparative information.