Facephi: Following ICAC's Opinion, 2025 Accounts Will Not Be Modified
The Spanish specialist in facial biometrics and digital identity informed the market on October 23, 2026 of the follow-up to its consultation with the Spanish Institute of Accounting and Audit (ICAC).
This concerned the accounting treatment of certain transactions carried out with economic interest groupings and the recognition of revenue linked to tax financing structures for research and development activities.
An ICAC Response That Is Not Conclusive But Establishes a Framework
Facephi had disclosed this consultation in a regulatory announcement published on May 14. The referral to ICAC aimed at the accounting treatment applied to certain transactions involving economic interest groupings (AIE in Spanish), as well as the recognition of revenue associated with tax financing structures for research and development activities.
According to the company, the response received from ICAC is not conclusive. However, it establishes, according to the press release, the parameters to be followed to apply the relevant accounting criteria.
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On this basis, Facephi's administrators reassessed the criteria in question. They concluded that the individual and consolidated accounts for the 2025 financial year require no modifications compared to those approved by the shareholders' general meeting.
This information was disclosed in accordance with Article 17 of the European Regulation on Market Abuse and Euronext Growth rules relating to permanent obligations of listed companies. The press release, dated Alicante, is signed by Javier Mira Miró, Chairman of the Board of Directors.
Management commentary: The Company reiterates its guidance for 2026: Revenue €46.2m (+28.4%), EBITDA €11.0M (+5.0%) and FCF of +€4.3M.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
