Carbios Reports Financial Improvements and Strategic Progress

Clermont-Ferrand, France, September 24, 2026 (7:45 a.m. CEST), Carbios, a biotechnology company focused on reinventing the lifecycle of plastics and textiles, reported its first-half 2026 financial results, highlighting significant progress in its cost-control efforts and strategic initiatives. The company’s financial discipline has led to a 19% reduction in operating expenses compared to the first half of 2025, reflecting the financial prudence implemented by the management team.

As of June 30, 2026, Carbios maintained a solid cash position of €48 million, sufficient to cover its operating expenses for the next 12 months. This financial stability is a testament to the company’s commitment to maintaining rigorous resource management. The company has also made significant strides in securing pre-sales commitments for its Longlaville plant, with a major beverage industry player currently finalizing a commercial agreement that is expected to increase pre-sales to 60% of the plant’s nominal capacity.

Progress in the financing of the Longlaville plant project has been steady, with credit committee approvals obtained from a majority of the project’s lenders. Additionally, the validation of the “fiber-to-fiber” biorecycling process has broadened the addressable customer base for the plant. However, due diligence activities by export credit agencies and equity partners remain ongoing, reflecting the complexity and scale of the project.

In other strategic initiatives, Carbios has continued to advance its partnership with Wankai New Materials, establishing a joint venture named Kaibio Biotechnology Co. Ltd. This partnership aims to construct an industrial facility and conduct qualification tests to ensure compatibility with locally available feedstocks and waste streams. The company has also expanded its licensing offering to the global textile market, validating its application to the treatment of complex textile waste.

Financially, Carbios reported an operating loss of €11.8 million for the first half of 2026, an improvement of €3.9 million compared to the same period in 2025. The net loss for the period was €9.4 million, down from €11.9 million in the first half of 2025, reflecting an improvement of €2.5 million. The company’s net cash consumption during the first half of 2026 was limited to €4.2 million, a significant reduction from €33.4 million in the same period of 2025. This reduction was achieved through a €8.3 million decrease in operating activities and nearly €14 million in investing activities, partially offset by a €8 million partial repayment of a shareholder loan from Carbios 54.

For the second half of 2026, Carbios intends to continue its cost-control efforts while maintaining the resources required to execute its strategic priorities. The company remains focused on finalizing the financing for the Longlaville plant, resuming construction, and accelerating the commercialization of its technology.