Eurasia Group Delays Publication of its 2024 Financial Statements to June 2026
EURASIA GROUP has informed the market that the consolidated financial statements for 2024 and the annual financial report for 2025 will not be published until June 2026, significantly beyond the initial schedule. This announcement comes amid a profound transformation of the group: financial restructuring, a three-year asset disposal program, and the accounting complexity of the La Villette Tower hotel project.
Publication Delayed to Mid-June for 2024 Financial Statements and End of June for 2025 Annual Report
The consolidated financial statements as of December 31, 2024, will be published by June 15, 2026, at the latest. The 2025 annual financial report (including individual and consolidated accounts) will be made available no later than June 30, 2026. The 2024 social financial report has already been filed with the AMF on April 7, 2026, in accordance with commitments made. EURASIA GROUP commits to issuing a new press release before May 31, 2026, to confirm the definitive publication date of the 2024 accounts and to specify the detailed schedule of subsequent publications. The date of the annual general meeting will be adjusted according to this schedule and will be communicated shortly.
Financial Restructuring, Asset Disposals, and Complexity of the Hotel Project Explain the Delays
The group attributes these delays to a combination of factors related to its transformation initiated in 2024. The completion of accounting work related to financial restructuring requires a thorough examination of debt qualification, going concern, and liability presentation. Concurrently, the asset disposal program set for completion by December 31, 2027, involves applying IFRS 5 concerning non-current assets held for sale, with a corresponding revision of fair value assessments. Additionally, the completion of independent real estate appraisals across the group's entire portfolio adds to this burden, conducted in a challenging market environment. The hotel transformation project at La Villette Tower, which is expected to result in a complex of over 1,000 rooms on 43,000 m², presents particular accounting complexities that demand a thorough examination of the methods for recording incurred costs and valuing the project.
Change of Consolidation Firm to Enhance Reliability of Financial Information
EURASIA GROUP has entrusted all consolidation work to DYNAMETRIE, a firm specializing in producing consolidated accounts for listed groups. This significant change reflects a commitment to enduringly enhance the rigor, quality, and consistency of financial information. The group reaffirms that these publication delays do not compromise the robustness of its business model, which relies on a structured asset disposal program set for completion by 2027.
