MEDITERRA S.A., a member of ENA. Growth, informs investors that today, July 2, 2026, it republished its financial statements for the period ended December 31, 2025, which were approved by the Board of Directors on July 1, 2026.
Based on the new financial statements, the company received an unqualified audit opinion. We remind you that the Audit Report dated April 30, 2026, had issued a qualified opinion due to the auditors’ failure to obtain sufficient and appropriate documentation regarding the assessment of any impairment of the “Intangible Assets,” as required by the IFRS framework and, in particular, IAS 36 and IAS 38.
In this regard, Management amended and prepared new financial statements for the period ended December 31, 2025. The management of the Company and the Group conducted a review to determine whether there were any indications of impairment of the carrying value of intangible assets, and specifically of capitalized development costs, in accordance with the requirements of IAS 36 and IAS 38.
During this process, management identified instances in which the carrying amount of certain intangible assets included in the “Development Expenses” account exceeded their recoverable amount; and in accordance with the provisions of IAS 36 and IAS 38, the Company recorded an impairment loss on the balance of the aforementioned account in the amount of €401,945.
Based on the above, the Group’s earnings before interest, taxes, investment results, total depreciation, and impairment for the 2025 fiscal year amounted to €662,205.
The pre-tax results for the 2025 fiscal year, after the impairment, amounted to a loss of €153,641, compared to the initial profit of €248,305. Net income after taxes amounted to a loss of €184,557, compared to the initial profit of €128,960 before impairment, while shareholders’ equity amounted to €4,859,462, compared to the initial €5,172,980.
For the parent company, earnings before taxes, financial and investment results, total depreciation, and impairment losses for the 2025 fiscal year amounted to €901,149, compared to €917,608 for the 2024 fiscal year. Earnings before taxes for the 2025 fiscal year, after impairment, amounted to €140,531, compared to €542,476 in the original financial statements. Profit after taxes for fiscal year 2025, after impairment, amounted to €109,614, compared to €423,132 in the original financial statements.
Total equity for the 2025 fiscal year, after impairment, amounted to €5,305,824, compared to €5,619,342 in the original financial statements.
The financial statements have been posted on the Euronext Athens website as well as on the company’s website.