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Carbios reported its fiscal-year 2025 operating and financial results, highlighting a reduction in operating expenses that narrowed its operating loss and leaving the company with a cash position it says is sufficient to fund operations beyond the next 12 months.
Carbios said it significantly reduced operating expenses during 2025, resulting in a €7 million reduction in operating loss.
For Carbios SA, the company reported the following simplified income statement figures for the year ended December 31, 2025:
Carbios stated that its net result was a loss of €34.3 million at year-end 2025, compared with a loss of €23.4 million at year-end 2024.
Carbios said that, given the current structure of the group, it decided to discontinue the voluntary consolidation of its financial statements under IFRS starting with the 2025 financial year. As a result, for 2025 it presents only its statutory financial statements prepared in accordance with French accounting rules and principles.
The company added that it will include in its 2025 Universal Registration Document the information it considers necessary for readers to understand its financial statements and activities, including the profit and loss statement and balance sheet of each subsidiary and their respective cash position.
On a standalone basis, Carbios reported the following cash-flow figures for 2025:
As of December 31, 2025, Carbios reported cash of €51.7 million. Including cash held in subsidiaries and made available through a cash management agreement, the company said total Group cash amounted to €59.1 million.
Carbios also reported a €5 million escrow arrangement related to the Longlaville site. For 2026, excluding the Longlaville project, the company estimated projected cash consumption at approximately €20 million, which it said is significantly lower than the 2025 level.
Carbios outlined four strategic priorities for 2026:
Vincent Kamel, Chief Executive Officer of Carbios, said 2025 was marked by the signing of a major strategic agreement formalizing the deployment of the company’s licensing model in Asia, progress in securing financing for the Longlaville plant, and execution of a cost-refocusing plan. He added that the company’s cash position provides resources to execute its strategic priorities.
Carbios said its 2025 Universal Registration Document will be made available to the public and filed with French market authorities (AMF) by 30 April 2026, with an English version to follow shortly.
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