Viskase posts $65.5M net loss in 2025; auditor flags going concern doubt

Viskase Holdings, Inc.

Net loss attributable to Viskase of $65.5M in 2025 vs loss of $5.4M in 2024; EPS of ($0.49).
Net sales fell 10% to $364.4M from $403.8M; gross margin halved to $36.8M.
Operating loss of $41.0M driven by $16.7M impairment and $7.1M restructuring charge.
Short-term debt surged to $141.8M; auditor cites substantial doubt about going concern due to Aug 2026 credit facility maturity.
Merger with Enzon (now Viskase Holdings) pending close in 2026; refinancing expected post-merger.

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