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Pharma Equity Group (PEG) investor relations material
Pharma Equity Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net loss narrowed to DKK -25.4m in 2025 from DKK -40.6m in 2024, reflecting reduced development spend and cost discipline.
Regulatory approval obtained to initiate Phase 2 study for RNX-011; advanced partner discussions ongoing for RNX-051.
New investment strategy launched to diversify the portfolio; continued efforts to recover Portinho receivables.
Financial highlights
Cash and cash equivalents at year-end were DKK 0.5m, down from DKK 4.2m in 2024.
Total assets decreased to DKK 38.9m from DKK 49.4m year-over-year.
Equity at year-end was DKK 25.5m, including DKK 18.2m in convertible instruments.
Subordinated convertible debt reduced to DKK 4.2m from DKK 8.1m.
Allowance for Portinho receivable was DKK -8.1m, down from DKK -16.2m in 2024.
Outlook and guidance
2026 revenue guidance: DKK 3.0–8.6m; EBIT guidance: DKK -5.8m to -11.3m.
Key 2026 drivers include first patient enrollment in RNX-011 and RNX-051 trials, signing first license agreement for RNX-051, and strengthening financial position.
- First partnership targeted for 2025, led by an experienced director and global network expansion.PEG
Investor Update1 Feb 2026 - H1 loss of DKK 13m, clinical progress, and capital raise plans amid receivable recovery efforts.PEG
Q2 202424 Jan 2026 - Capital raise strengthens balance sheet, reduces debt, and targets licensing deal by 2025.PEG
Investor Update19 Jan 2026 - Received approval to start pivotal Phase 2 trial for RNX-011 in life-threatening peritonitis.PEG
Investor Update10 Sep 2025 - Net loss improved, no revenue yet, and Portinho S.A. receivable remains a key focus.PEG
Q2 202514 Aug 2025 - Losses in line with expectations, capital strengthened, and key patent secured in Japan.PEG
Q3 202413 Jun 2025 - 2024 loss in line with expectations; capital strengthened, first revenue expected late 2025.PEG
Q4 20249 Jun 2025
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