on POXEL (EPA:POXEL)
Poxel: 2024 financial results and receivership proceedings
Poxel announced its financial results for the 2024 financial year, highlighting an improvement in its revenue, which rose from €2.0 million in 2023 to €6.6 million in 2024. This increase is mainly due to royalties related to TWYMEEG® in Japan. However, the company remains in a difficult situation, having filed a petition for receivership on August 5, 2025, specifying an observation period until February 5, 2026. Cash of €1.2 million as of September 30, 2025, reflects the financial fragility. The statutory auditors were unable to certify the 2024 accounts due to uncertainties surrounding the company's going concern.
R. H.
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