Liberty Galati received another preventive concordat extension from the Romanian Galati Tribunal until March 25, 2026, despite producing zero restructuring progress after nearly one year of court protection. The concordat administrator's status report confirmed no production restart, no financial recovery & no operational improvements, while the steel plant remains completely idle. Workers protest weekly over unpaid wages & mounting uncertainty, alongside many seeking alternative employment, while creditors face continued pressure without repayments or clear recovery timelines, raising concerns the concordat merely postpones inevitable resolution.