v3.26.3
Interim Condensed Consolidated Statements of Cash Flows - EUR (€)
€ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from Operating Activities    
Loss for the Period [1] € (47,938) € (34,476)
Adjustments for:    
Amortization and depreciation [2] 10,110 20,286
Impairment of assets [2]   (2,449)
Expected credit loss for trade and other receivables [2] (294) (61)
Other Impairments [2] 1,727 (278)
Change in provisions [2] (893) (716)
Government grants [2] (1,185) (374)
Financial income [2] (18) (343)
Financial expenses [2] 14,504 8,192
Change in fair value of derivative warrant liabilities [2] 7,234 (1,100)
Exchange differences [2] 3,524 (11,654)
Income tax credit [2] (30) 976
Share based payments expense [2] 203 573
Results from disposals of right of use [2] (1,181)  
Changes in    
- inventories [2] 7,529 20,832
- trade and other financial receivables [2] (2,002) 8,678
- other assets [2] (2,681) (779)
- trade and other financial payables [2] (2,912) 2,536
- contract liabilities [2] 11,459 2,276
Net cash used in operating activities [2] (2,844) 12,119
Cash flows from Investing Activities    
Acquisition of intangible assets [2] (3,275) (974)
Acquisition of property, plant and equipment [2] (99) (6,220)
Other current financial assets [2]   21,374
Net cash used in investing activities [2] (3,374) 14,180
Cash flows from Financing Activities    
Proceeds from government grants [2] (64) 445
Proceeds from loans [2] 8,878 364,884
Repayments of loans [2]   (380,741)
Payment of principal portion of lease liabilities [2] (2,153) (3,074)
Payment of interest on lease liabilities [2] (798) (892)
Interest and bank fees paid [2]   (7,123)
Net cash from financing activities [2] 21,712 (3,258)
Net increase in cash and cash equivalents [2] 15,494 23,041
Cash and cash equivalents at beginning of period [2] 4,446 20,036
Exchange gains/(losses) [2] 8 (15,773)
Cash and cash equivalents at the end of the period 19,948 [3] 27,304 [2]
Equity attributable to owners of parent [member]    
Cash flows from Operating Activities    
Loss for the Period (47,627) (33,679)
Private Placement [Member]    
Cash flows from Financing Activities    
Proceeds from issuing equity instruments [2] € 15,849 22,677
ATM [Member]    
Cash flows from Financing Activities    
Proceeds from issuing equity instruments [2]   403
Warrants Conversion And Other [Member]    
Cash flows from Financing Activities    
Proceeds from issuing equity instruments [2]   € 163
[1] Unaudited
[2] Unaudited
[3] Unaudited