BFR
Bio-Reference Laboratories Inc.
stock NYSE

Mare Nostrum Consolidated Financial Statements online as of May 25, 2026
Overview of key developments from Mare Nostrum's 2025 annual report:
Spectacular net profit: The group closed the financial year with a net group profit of €14.46 million, a huge turnaround compared to the heavy loss of €9.95 million in 2024.
Enormous debt relief: Thanks to the homologated court agreements, the group obtained debt forgiveness totaling €15.9 million (particularly on bank loans and current accounts). As a result, the total debt burden fell drastically from €76.6 million to €47.0 million.
Recovery of Equity: Equity (group share) has recovered from a deep slump to a positive level of €769,000 (coming from a negative -€13.4 million at the end of 2024). This recovery is essential for the company's solvency.
Improved cash position: Net liquid assets rose to €6.18 million (compared to €5.02 million at the end of 2024). Furthermore, operational cash flow (cash flow from ongoing operations) was stable and solidly positive at €5.25 million.
Successful working capital management: The group managed to free up cash from outstanding items more quickly, resulting in a positive effect on working capital (BFR) of €3.24 million.
Successful reorganization (Horizon 2025): The rigorous restructuring is bearing fruit. By divesting or liquidating a total of 41 loss-making or non-strategic entities and merging offices, operational risks have been mitigated. Partly as a result of this, personnel costs decreased by 13% to €77.5 million. Assured continuity: Thanks to all these restructurings, management has been able to prepare the financial statements with confidence based on the principle of business continuity, which means that the company has left the crisis behind and laid the foundation for stable continued operation.
Source: https://acrobat.adobe.com/id/urn:aaid:sc:EU:b56a3706-8854-4a4b-b195-4bc0e3920731

Mare Nostrum Consolidated Financial Statements online as of May 25, 2026
Overview of key developments from Mare Nostrum's 2025 annual report:
Spectacular net profit: The group closed the financial year with a net group profit of €14.46 million, a huge turnaround compared to the heavy loss of €9.95 million in 2024.
Enormous debt relief: Thanks to the homologated court agreements, the group obtained debt forgiveness totaling €15.9 million (particularly on bank loans and current accounts). As a result, the total debt burden fell drastically from €76.6 million to €47.0 million.
Recovery of Equity: Equity (group share) has recovered from a deep slump to a positive level of €769,000 (coming from a negative -€13.4 million at the end of 2024). This recovery is essential for the company's solvency.
Improved cash position: Net liquid assets rose to €6.18 million (compared to €5.02 million at the end of 2024). Furthermore, operational cash flow (cash flow from ongoing operations) was stable and solidly positive at €5.25 million.
Successful working capital management: The group managed to free up cash from outstanding items more quickly, resulting in a positive effect on working capital (BFR) of €3.24 million.
Successful reorganization (Horizon 2025): The rigorous restructuring is bearing fruit. By divesting or liquidating a total of 41 loss-making or non-strategic entities and merging offices, operational risks have been mitigated. Partly as a result of this, personnel costs decreased by 13% to €77.5 million. Assured continuity: Thanks to all these restructurings, management has been able to prepare the financial statements with confidence based on the principle of business continuity, which means that the company has left the crisis behind and laid the foundation for stable continued operation.
Source: https://acrobat.adobe.com/id/urn:aaid:sc:EU:b56a3706-8854-4a4b-b195-4bc0e3920731