Annual results for 2025

Core Insights - The company reported a total loss from continuing operations after tax of EUR -5.9 million for the fiscal year 2025, compared to a loss of EUR -0.1 million in 2024, primarily due to a negative fair market value adjustment of EUR -7.2 million [3] - The group's revenue from continuing activities increased to EUR 5.0 million in 2025, up from EUR 4.7 million in 2024 [3] - Total equity decreased to EUR 57.2 million in 2025 from EUR 63.1 million in 2024, resulting in an equity ratio of 60.6%, down from 64.6% in the previous year [3] - The management anticipates a profit before value adjustment and tax in the range of EUR 0.2 - 0.8 million for the fiscal year 2026, although this is subject to uncertainties related to macroeconomic conditions and geopolitical developments [3] Financial Performance - The loss from continuing operations after tax for 2025 was EUR -5.9 million, compared to EUR -0.1 million in 2024 [3] - Revenue from continuing activities for 2025 was EUR 5.0 million, an increase from EUR 4.7 million in 2024 [3] - The total equity of the Group as of December 31, 2025, was EUR 57.2 million, down from EUR 63.1 million in 2024, leading to an equity ratio of 60.6% [3] Future Outlook - Management expects a result before value adjustment and tax for 2026 to be between EUR 0.2 - 0.8 million [3] - The outlook for 2026 is influenced by uncertainties in the macroeconomic environment, including potential interest rate changes and geopolitical issues such as the war in Iran [3]