Pharol Wins First-Instance Ruling in €50.4 Million Tax Dispute

• Pharol disclosed on November 5, 2026, a favorable first-instance ruling in its 2009 corporate income tax dispute involving EUR 50.4 million.
• The ruling remains subject to appeal; tax enforcement proceedings remain suspended, with no current impact on its financial position.
• A final ruling would eliminate the liability, reducing total potential tax contingencies, including default interest, from approximately EUR 153.6 million to EUR 103.2 million.
• The company continues to assess the risk of loss in most ongoing tax proceedings as remote.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pharol SA published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.