MaaT Pharma

MaaT Pharma

1.09
EUR
-0.04
(-3.55%)
70.39MMarket Cap
Apr 01Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
0.4
0.14
0.2
0.25
0.28
- -
Basic EPS, GAAP
-0.47
-0.61
-0.56
-3.72
-1.39
-1.73
-2.21
-1.95
- -
Free Cash Flow per Basic Share
-0.44
-0.54
-0.65
-3.37
-1.34
-1.74
-1.74
-1.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.13
-0.48
1.67
4.03
2.7
1.76
0.74
0.1
0.1
Tangible Book Value per Share
0.06
-0.55
1.6
3.95
2.58
1.65
0.61
- -
- -
Basic Weighted Avg Shares
10
10
10
2
10
11
13
16
16
Sales/Revenue/Turnover
- -
- -
- -
1
1
2
3
5
- -
Operating Margin (%)
- -
- -
- -
-914.81
-947.97
-895.15
-883.99
-657.16
- -
Depreciation Expense
- -
- -
- -
- -
- -
1
2
2
- -
Net Income, GAAP
-4
-6
-5
-9
-14
-20
-29
-31
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-927.88
-958.95
-884.96
-898.76
-686.58
- -
Working Capital
2
4
19
43
33
20
13
16
16
LT Debt
2
10
5
5
8
11
13
13
13
Total Equity
1
-5
16
40
27
20
10
2
2
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-32.33
-41.14
-83.41
-187.68
-511.92
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3
3
2
LT Borrowings
8
7
9
LT Finance Leases
5
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
16
19
Market Capitalization
112
78
70

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
28
36
33
Cash, Cash Equivalents & STI
20
15
25
Accounts Receivable, Net
1
12
1
Inventories
- -
- -
- -
Total Current Liabilities
15
16
17
Payables & Accruals
- -
- -
- -
ST Debt
3
3
2
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-7.68%
-82.59%
Free Cash Flow
- -
26.19%
-28.38%
Net Income, GAAP
- -
44%
7.46%
Sales/Revenue/Turnover
- -
- -
40.67%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2
2024
- -
- -
3
2025
- -
- -
5

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-1.73
2024
- -
- -
-2.21
2025
- -
- -
-1.95

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Hervé Affagard
Full Time Employees
59
Sector
Health technology
Industry
Pharmaceuticals: major
Address
70 Avenue Tony Garnier Lyon ARA France 69007
IPO Date
Nov 8, 2021
Business
MaaT Pharma S.A. is a late-stage clinical biotechnology company specializing in the development and commercialization of microbiome-driven therapies aimed at modulating the immune system to improve survival in cancer patients, with a particular focus on hemato-oncology and oncology indications. The company develops high-diversity, standardized drug candidates using proprietary pooling and microbial co-cultivation technologies, creating Microbiome Ecosystem Therapies™ (MET) designed to treat moderate to severe dysbiosis in patients with severe oncology diseases. Its product portfolio includes MaaT013 (Xervyteg®), an immunomodulatory drug candidate based on intestinal microbiota currently undergoing Phase 3 clinical evaluation for acute Graft-versus-Host Disease (aGvHD) following allogeneic hematopoietic stem cell transplantation, and MaaT033, a second therapeutic candidate in Phase 2b development aimed at improving survival in patients receiving bone marrow transplants. The company also advances next-generation MET-C synthetic microbiome products for improving immunotherapy responses in solid tumors. MaaT Pharma is headquartered in Lyon, France, and was founded in 2014. It operates globally with significant clinical and commercial activities focused in Europe and plans regulatory expansion into the U.S. The company targets healthcare providers in oncology, rare diseases, and immunotherapy markets. MaaT Pharma has been listed on Euronext Paris under the ticker MAAT since 2021. In recent major developments within the last two years, MaaT Pharma successfully completed a global capital increase of approximately €9.1 million in November 2025 to fund clinical development and regulatory preparations. The company is advancing the commercial launch of Xervyteg® in Europe in collaboration with Clinigen, a specialty pharmaceutical services provider that secured exclusive commercialization rights for the product across Europe, aiming for potential marketing authorization around mid-2026. Furthermore, MaaT Pharma secured a €37.5 million venture debt facility from the European Investment Bank in mid-2025 to support late-stage clinical programs and expand pipeline development. The company is preparing regulatory submissions and pivotal studies with the U.S. FDA for potential expedited approval and launch of Xervyteg® in the U.S. Additionally, MaaT Pharma is expanding its product pipeline with immunotherapy combination trials in solid tumors and continues to develop synthetic microbiome therapies to enhance immunotherapy efficacy in oncology. This strategic expansion, capital strengthening, and commercialization partnership position MaaT Pharma as an innovative leader in microbiome-based immunomodulation therapies targeting high unmet needs in oncology and hematology.