• BDO Audit Services issued an unmodified independent audit opinion on Recupero Etico Sostenibile’s consolidated IFRS financial statements for the year ended December 31, 2025.
• The October 29, 2026, report found the statements fairly presented the group’s financial position, performance and cash flows under EU-adopted IFRS.
• Auditors highlighted first-time IFRS adoption for the planned Euronext Milan listing, with January 1, 2024, as the transition date.

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