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Edge14 Nov 2025
Ball: The King of Cans
From a 19th-century glass-jar legacy to a global plant network, Ball is now a pure-play aluminum can partner to the world's biggest beverage brands.
Pharma Mar (PHM) investor relations material
Pharma Mar Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Group revenue rose 3% year-on-year in the first nine months of 2025 to €130.9 million, with recurring revenue up 6% to €105.6 million and non-recurring revenue down 7% to €25.4 million.
Net income for the period was €15.3 million, more than doubling from €7.4 million in the same period of 2024.
EBITDA reached €23.1 million, significantly higher than €6.3 million in the prior year, driven by increased revenue and recognition of a European subsidy.
Financial highlights
Product sales totaled €62.4 million, royalties €43.2 million, and licensing/development agreements €25.3 million for the period.
Gross profit increased to €122.4 million from €119.6 million year-on-year.
Operating profit rose to €17.1 million from €1.6 million, reflecting higher other gains and lower R&D expenses.
Cash and financial assets stood at €147.5 million at period end, with a net cash position of €100.0 million.
Operating cash flow was €19.5 million, up from €4.3 million, mainly due to the European IPCEI grant.
Outlook and guidance
Net cash position is expected to support planned development and R&D expenditure without liquidity concerns.
Results from the LAGOON Phase III trial in SCLC are expected in the first half of 2026.
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Next Pharma Mar earnings date
Q4 202527 Feb, 2026
Next Pharma Mar earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Pharma Mar S.A. is a biopharmaceutical company specializing in the development of marine-derived drugs for oncology. It also operates diagnostics and RNA-based product divisions for healthcare applications. The company is headquartered in Colmenar Viejo, Spain, and its shares are listed on the BME.
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