MEDITERRA A.E., a member of EN.A. Growth, informs the investment community that today, 02 July 2026, it proceeded with the republication of the financial statements for the period ended 31 December 2025, which were approved by the Board of Directors on 01 July 2026.
Based on the new financial statements, the company received the certificate on the Audit Report with an unqualified opinion. We remind you that in the Audit Report dated 30/4/2026, a qualified opinion had been expressed due to the auditors not having received sufficient and appropriate documentation regarding the assessment of any impairment of the account “Intangible Assets” as required by the IFRS framework and specifically IAS 36 and IAS 38.
In relation to this matter, Management amended and prepared new financial statements for the period ended 31 December 2025. The Management of the Company and the Group carried out an examination for the existence of indications of impairment of the carrying value of intangible assets, and in particular of capitalized Development Expenses, in accordance with the requirements of IAS 36 and IAS 38.
During this process, Management assessed cases in which the carrying value of certain of the intangible assets comprising the account “Development Expenses” exceeded their recoverable value and, in accordance with the provisions of IAS 36 and 38, the Company proceeded with an impairment of the balance of the above account by the amount of €401,945.
Based on the above, for the Group, earnings before taxes, financing, investment results, total depreciation and amortization, and impairments for fiscal year 2025 amounted to €662,205.
Results before taxes for fiscal year 2025 after the impairment amounted to losses of €153,641 versus the initial profits of €248,305. Results after taxes amounted to losses of €184,557 versus the initial profits of €128,960 before impairment, while equity amounted to €4,859,462 versus the initial €5,172,980.
For the parent company, earnings before taxes, financing, investment results, total depreciation and amortization, and impairments for fiscal year 2025 amounted to €901,149 versus €917,608 for fiscal year 2024. Profit before taxes for fiscal year 2025 after the impairment amounted to €140,531 versus €542,476 in the initial financial statements. Profit after taxes for fiscal year 2025 after the impairment amounted to €109,614 versus €423,132 in the initial financial statements.
Total equity for fiscal year 2025 after the impairment amounted to €5,305,824 versus €5,619,342 in the initial financial statements.
The financial statements have been posted on the Euronext Athens website as well as on the company's website.