Minerva Neurosciences, Inc (NERV) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

million BRL subscription warrants outstanding, representing 969.3 million BRL, which should help the company's cash flow over the coming years. Finally, we continued our financial liability management strategy, and yesterday we announced the repurchase and effective cancellation of 76 million BRL related to the 2031 bonds. In total, throughout 2025, the company bought back and cancelled approximately 385 million BRL, totaling 2.3 billion BRL, related to the 2028 and 2031 bonds, an initiative that reinforces our commitment to a more balanced and efficient capital structure, reducing financial costs and strengthening the balance sheet's flexibility. Now, regarding our sustainability highlights, we recently published our 14th sustainability report referring to fiscal year 2024. This report, confirmed by independent auditors and aligned with key international standards, reflects Minerva Foods' commitments to the ESG agenda and the creation of sustainable value throughout our chain. It consolidates our progress and results from the past year, reinforcing the integration of sustainability into our business strategy and into the company's day-to-day decisions. We also released the Animal Welfare Report, a document that includes data from our global operations, including the supply chain of animals and third-party raw materials of animal origin. The report highlights policies, procedures and progress towards the goals set as part of our commitment to the topic. For traceability, we achieved 100% compliance in the social environmental audit of cattle purchases in our operations in Paraguay for the sixth consecutive year, which demonstrates our leading position in traceability. Under the RENOVE program, we consolidated progress in implementing low-carbon and carbon-neutral pro...