$SHMDW

SCHMID Group N.V.

CIK:0001987240|SEC Filings

Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss)
Revenue	€ 66,945	€ 60,836	€ 90,246
Cost of sales	(50,928)	(48,791)	(63,849)
Gross profit	16,017	12,044	26,397
Selling expenses	(11,999)	(12,895)	(12,577)
General administration expenses	(11,404)	(11,792)	(12,538)
Research and development	(2,781)	(3,974)	(5,148)
Other income	12,217	9,018	15,985
Other expenses	(607)	(2,564)	(2,620)
Listing expenses		(71,630)
Reversal on impairment on financial assets		20	22,696
Operating profit (loss)	1,443	(81,772)	32,195
Finance income	66	1,888	19,685
Finance expenses	(72,244)	(5,712)	(10,091)
Financial result	(72,178)	(3,824)	9,594
Share of loss from equity method investees	(406)		(1,057)
Income (loss) before income tax	(71,141)	(85,596)	40,732
Income tax benefit (expense)	41	1,492	(2,778)
Net income (loss) for the period	(71,100)	(84,104)	37,954
Exchange differences on translation of foreign business units	(1,182)	389	(1,625)
Remeasurement of defined pension benefit obligation	42	(44)	25
Income tax on remeasurement of defined pension benefit obligation	(12)	13	(7)
Total items that will not be subsequently reclassified to profit or loss	30	(31)	18
Other comprehensive income (loss)	(1,152)	358	(1,607)
Total consolidated comprehensive income (loss) for the reporting period	(72,252)	(83,746)	36,346
Net income (loss) attributable to
Owners of SCHMID	(71,042)	(84,111)	36,868
Non-controlling interests	(58)	7	1,086
Total consolidated comprehensive income (loss) attributable to
Owners of SCHMID	(72,162)	(83,811)	35,669
Non-controlling interests	€ (90)	€ 65	€ 677
Earnings per share for profit / (loss) from continuing operations attributable to the ordinary equity holders of the company:
Basic earnings per share (in dollars)	€ (1.87)	€ (2.41)	€ 1.28
Diluted earnings per share (in dollars)	€ (1.87)	€ (2.41)	€ 1.28

Consolidated Statements of Cash Flows - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Consolidated Statements of Cash Flows
Net income (loss) from continued operations	€ (71,100)	€ (84,104)	€ 37,954
Adjustments to reconcile consolidated net income (loss) to net cash
Income tax expense (benefit)	(41)	(1,492)	2,778
Financial result	72,178	3,824	(8,537)
Depreciation and amortization	4,824	7,923	6,904
Net loss (gain) from the disposal of intangibles and PP&E	3	(133)	(602)
Reversal of impairments of financial assets, net		(20)	(22,696)
Other non-cash (income) expenses	(5,000)	(1,432)	182
Change in equity method investments (non-cash)	405
Change in non-current financial assets (non-cash)	(8,478)
Listing expense		71,631
Non-cash effects	(3,447)
Working capital adjustments:
Changes in trade and other receivables	3,704	(3,580)	(6,729)
Changes in inventories	(1,967)	619	8,244
Change in trade and related party payables	9,982	5,086	(6,823)
Change in provisions	132	(598)	382
Taxes received (paid), net	54	(302)	(1,161)
Cash provided by (used in) operating activities	1,250	(2,578)	9,897
Purchases of intangible assets and property, plant and equipment	(6,357)	(5,111)	(6,907)
Receipts from sale and leaseback transaction			8,926
Proceeds from sale (purchases) of financial assets, net	123	(4)
Payment for loan to shareholder			70,000
Proceeds from disposal of a subsidiary		1,000
Interest received	7	61
Cash used in (provided by) investing activities	(6,227)	(4,054)	72,019
Proceeds from debt financing	7,572	3,145
Payments for debt financing	(2,296)	(264)	(81,871)
Proceeds from business combination		14,443
Payment of lease liabilities	(1,513)	(1,543)	(715)
Interest paid	(899)	(853)	(2,044)
Change in restricted cash	59	(30)	917
Transaction with minority shareholder		(10,939)
Cash (used in) provided by financing activities	2,923	3,959	(83,714)
Net increase (decrease) in cash and cash equivalents	(2,055)	(2,673)	(1,798)
Effect of foreign exchange rate changes on cash and cash equivalents	(162)	755	(824)
Cash and cash equivalents at the beginning of the period	3,791	5,710	8,332
Cash and cash equivalents at the end of the period	€ 1,574	€ 3,791	€ 5,710

Consolidated Statements of Financial Position - EUR (€) € in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Intangible assets	€ 17,262	€ 14,941
Property, plant and equipment including right-of-use assets	12,234	13,092
Financial assets	16,203	135
Equity method investments	1,043	1,448
Deferred tax assets	2,317	2,684
Non-current assets	49,058	32,300
Inventories	18,112	15,734
Trade receivables and other receivables	33,653	38,221
Other current assets	3,918	3,054
Cash and cash equivalents	1,574	3,791
Current assets	57,257	60,800
Total assets	106,315	93,100
EQUITY AND LIABILITIES
Subscribed capital	431	431
Capital reserves	114,980	114,448
Accumulated loss	(245,896)	(174,853)
Accumulated other comprehensive income (loss)	(2,259)	(1,138)
Equity attributable to owners of SCHMID	(132,744)	(61,112)
Non-controlling interest	579	668
Equity	(132,165)	(60,444)
Non-current financial liabilities	71,518	42,053
Post-employment benefits	969	978
Non-current provisions	254	345
Deferred tax liabilities	1,965	1,518
Non-current lease liability	7,153	8,233
Non-current liabilities	81,859	53,127
Current financial liabilities	87,148	40,433
Current contract liabilities	13,555	11,284
Trade and related party payables	38,071	28,179
Other current liabilities	15,505	17,513
Current lease liability	1,397	1,461
Current provisions	415	184
Income tax liabilities	531	1,364
Current liabilities	156,622	100,417
Total equity and liabilities	€ 106,315	€ 93,100