Company balance sheet

(before profit appropriation proposal)

€ Million

Notes

31 December 2025

31 December 2024

Assets

Investments in group companies

39

4,916

4,675

Other financial assets

40

4,535

3,542

Non-current assets

9,451

8,217

Receivables

41

897

1,298

Corporate income tax

42

18

25

Other financial assets (current)

43

756

6

Cash and cash equivalents

44

216

44

Current assets

1,887

1,373

Total assets

11,338

9,590

€ Million

Notes

31 December 2025

31 December 2024

Liabilities

Issued and paid-up share capital

150

150

Share premium reserve

2,436

2,436

General reserve

2,825

2,698

Profit for the year

400

254

Equity

45

5,811

5,538

Deferred tax liability

46

440

441

Provisions

440

441

Non-current interest-bearing liabilities

47

4,472

3,481

Non-current liabilities

4,472

3,481

Trade and other payables

48

115

80

Current interest-bearing liabilities

49

500

50

Current liabilities

615

130

Total liabilities

11,338

9,590