Belgium's Galapagos 2025 net revenue surges, driven by Gilead collaboration

Lakefront Biotherapeutics NV

23/02/2026 21:12

Corrects FY Cash & Investments figure in Key Details table to EUR 2.998 bln from -EUR 44.80 mln

Overview

Belgium-based biotech's 2025 net revenue rose 304% yr/yr, driven by Gilead collaboration

Company reported 2025 net profit of €320.9 mln, up from €74.1 mln in 2024

Company expects to be cash flow neutral to positive by end of 2026

Outlook

Galapagos expects 2026 year-end cash between €2.775 bln and €2.850 bln

Company anticipates cash flow neutral to positive by end of 2026

Result Drivers

GILEAD COLLABORATION - Revenue growth driven by full recognition of deferred income from Gilead collaboration

CELL THERAPY WIND-DOWN - Strategic wind-down of cell therapy activities resulted in impairment costs

Company press release: ID:nGNE4k1xC7

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 1.11 bln
FY Net Income
EUR 320.90 mln
FY Cash & Investments
EUR 2.998 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for Galapagos NV is €28.95, about 1.9% above its February 23 closing price of €28.40

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)