Obiz: The Group Freezes the Repayment of €4M in Debt to Save Its Strategic Plan
Obiz announced on Thursday the lifting of the suspensive conditions of its agreement with financial partners regarding the restructuring of its bank and bond maturities. This decision follows the signing of the agreement on February 3, 2026, and allows the group to redirect its cash flow towards its Equinox 2027 strategic plan.
Finalization of Financial Agreement
Obiz finalized on Thursday the agreement with its financial partners concerning the restructuring of its financial obligations. Signed on February 3, 2026, the agreement includes the deferral of capital amortizations on all medium-term loans (€12.3M) and State Guaranteed Loans (€0.6M) from January 31, 2026, to March 23, 2027, representing a total cash flow of €5.9M, including €0.9M in interest. The group also benefits from the freezing of the repayment of capital and interest on the Relance bond debt (€4M), which is €0.5M for the interest part, until March 2027. Short-term credit lines amounting to €4.45M are maintained until March 23, 2027.
Terms of the Agreement
Under the terms of the agreement, a suspension of all effects of a potential breach of covenants for the concerned institutions as of September 30, 2025, and 2026 has been obtained. Obiz benefits from an increase in the GAPD set at €2.5M. The company has committed to securing at least €2M in short-term financing before February 28, 2026, to bolster its cash flow according to seasonal working capital needs. From March 24, 2027, the resumption of capital amortization plans and the payment of interest installments will apply according to the prevailing contractual conditions. The agreement may be terminated by the financial partners in the event of non-compliance with main commitments, including the absence of maintaining short-term financing, pledges or securities given, the termination of short-term credit lines or GAPD, a change of control, or an unauthorized asset sale.
Annual Accounts and Financial Health
The Board of Directors re-approved the annual accounts for the fiscal year 2025 (closed on September 30, 2025) on March 4, 2026, based on the going concern principle. The Auditors issued their certification report on the same day, including an observation on the going concern. The group's cash position was €2.5M as of January 22, 2026, incorporating suspensions of loan maturities in the fourth quarter of 2025 amounting to €0.7M, of which €0.16M was interest. A reduction in structural costs began in the last quarter of 2025 and is expected to continue in 2026, as part of the Equinox 2027 transformation plan aimed at improving profitability and increasing cash flow generation.
