Annual Report 2025

Individual statement of changes in shareholders' equity

For the years ended 31 December 2025 and 2024

Individual statement of changes in shareholders’ equity

Euro thousand

 

Notes

 

Share capital

 

Share premium

 

Own shares

 

Retained earnings

 

Shareholders’ equity

Balance Sheet as at 1 January 2024

 

 

 

629,293

 

22,452

 

(6,060)

 

2,510,471

 

3,156,156

Equity changes in 2024

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial deviations in post-employment benefit obligations

 

 

 

 

 

 

 

 

 

 

 

 

Gross amount

 

4.2

 

 

 

 

(1,127)

 

(1,127)

Deferred tax

 

6.3

 

 

 

 

182

 

182

Other comprehensive income

 

 

 

 

 

 

(945)

 

(945)

Net profit of 2024

 

 

 

 

 

 

705,215

 

705,215

Total comprehensive income

 

 

 

 

 

 

704,270

 

704,270

Dividends

 

18.4

 

 

 

 

(411,624)

 

(411,624)

Balance Sheet as at 31 December of 2024

 

 

 

629,293

 

22,452

 

(6,060)

 

2,803,117

 

3,448,802

Equity changes in 2025

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial deviations in post-employment benefit obligations

 

 

 

 

 

 

 

 

 

 

 

 

Gross amount

 

4.2

 

 

 

 

(444)

 

(444)

Deferred tax

 

6.3

 

 

 

 

(132)

 

(132)

Other comprehensive income

 

 

 

 

 

 

(576)

 

(576)

Net profit of 2025

 

 

 

 

 

 

619,856

 

619,856

Total comprehensive income

 

 

 

 

 

 

619,280

 

619,280

Dividends

 

18.4

 

 

 

 

(370,776)

 

(370,776)

Balance Sheet as at 31 December of 2025

 

 

 

629,293

 

22,452

 

(6,060)

 

3,051,621

 

3,697,306

To be read with the attached notes to the individual financial statements.

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