Valneva H1 Revenue €97.6M Up From €70.8M YoY, Net Loss €20.8M Down From Net Profit €34M YoY
Benzinga
Aug 12
First Half 2025 Financial Update
Total revenues were €97.6 million compared to €70.8 million for the first half of 2024, an increase of 37.8%
Product sales reached €91.0 million compared to €68.3 million in the first half of 2024, an increase of 33.3%
Net loss of €20.8 million compared to a net profit of €34.0 million in the first half of 2024, which included one-time net proceeds of €90.8 million from the sale of a Priority Review Voucher (PRV)1
Significant reduction in operating cash burn (€10.9 million in the first half of 2025 compared to €66.3 million in the first half of 2024)
Cash and cash equivalents were €161.3 million as at June 30, 2025, compared to
€168.3 million as at December 31, 2024
Cash at June 30, 2025 included €20.1 million of net proceeds from two At The Market (ATM) transactions with leading U.S. institutional healthcare investors Novo Holdings A/S and Frazier Life Sciences in Q2 20252
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