2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

a) 2025

The change in the number of shares in 2025 was as follows:

The change in the number of shares in 2025 was as follows:
In shares Share capital Treasury shares Common shares outstanding
At 01.01.2025 At 01.01.2025

Share capital

534,312,021
At 01.01.2025

Treasury shares

At 01.01.2025

Common shares outstanding

534,312,021
Shares cancelled

Shares cancelled

Share capital

(1,356,636)

Shares cancelled

Treasury shares

1,356,636

Shares cancelled

Common shares outstanding

Options and free shares exercised

Options and free shares exercised

Share capital

827,643

Options and free shares exercised

Treasury shares

Options and free shares exercised

Common shares outstanding

827,643

Treasury shares purchased

Treasury shares purchased

Share capital

Treasury shares purchased

Treasury shares

(1,356,636)

Treasury shares purchased

Common shares outstanding

(1,356,636)

AT 31.12.2025

AT 31.12.2025

Share capital

533,783,028

AT 31.12.2025

Treasury shares

AT 31.12.2025

Common shares outstanding

533,783,028

The change in treasury shares in 2025 was as follows:

The change in treasury shares in 2025 was as follows:
In shares Buyback programme Allocated to free-share plans Total € millions
At 01.01.2025

At 01.01.2025

Buyback programme

At 01.01.2025

Allocated to free-share plans

At 01.01.2025

Total

At 01.01.2025

€ millions

Shares cancelled

Shares cancelled

Buyback programme

(1,356,636)

Shares cancelled

Allocated to free-share plans

Shares cancelled

Total

(1,356,636)

Shares cancelled

€ millions

(501.5)

Options and free shares exercised

Options and free shares exercised

Buyback programme

Options and free shares exercised

Allocated to free-share plans

Options and free shares exercised

Total

Options and free shares exercised

€ millions

Treasury shares purchased

Treasury shares purchased

Buyback programme

1,356,636

Treasury shares purchased

Allocated to free-share plans

Treasury shares purchased

Total

1,356,636

Treasury shares purchased

€ millions

501.5

AT 31.12.2025

AT 31.12.2025

Buyback programme

AT 31.12.2025

Allocated to free-share plans

AT 31.12.2025

Total

AT 31.12.2025

€ millions

b) 2024

The change in the number of shares in 2024 was as follows:

The change in the number of shares in 2024 was as follows:
In shares Share capital Treasury shares Common shares outstanding
At 01.01.2024 At 01.01.2024

Share capital

534,725,475
At 01.01.2024

Treasury shares

At 01.01.2024

Common shares outstanding

534,725,475
Shares cancelled

Shares cancelled

Share capital

(1,308,557)

Shares cancelled

Treasury shares

1,308,557

Shares cancelled

Common shares outstanding

Options and free shares exercised

Options and free shares exercised

Share capital

895,103

Options and free shares exercised

Treasury shares

Options and free shares exercised

Common shares outstanding

895,103

Treasury shares purchased

Treasury shares purchased

Share capital

Treasury shares purchased

Treasury shares

(1,308,557)

Treasury shares purchased

Common shares outstanding

(1,308,557)

AT 31.12.2024

AT 31.12.2024

Share capital

534,312,021

AT 31.12.2024

Treasury shares

AT 31.12.2024

Common shares outstanding

534,312,021

The change in treasury shares in 2024 was as follows:

The change in treasury shares in 2024 was as follows:
In shares Buyback programme Allocated to free-share plans Total € millions
At 01.01.2024 At 01.01.2024

Buyback programme

At 01.01.2024

Allocated to

free-share plans
At 01.01.2024

Total

At 01.01.2024

€ millions

Shares cancelled

Shares cancelled

Buyback programme

(1,308,557)

Shares cancelled

Allocated to

free-share plans

Shares cancelled

Total

(1,308,557)

Shares cancelled

€ millions

(497.5)

Options and free shares exercised

Options and free shares exercised

Buyback programme

Options and free shares exercised

Allocated to

free-share plans

Options and free shares exercised

Total

Options and free shares exercised

€ millions

Treasury shares purchased

Treasury shares purchased

Buyback programme

1,308,557

Treasury shares purchased

Allocated to

free-share plans

Treasury shares purchased

Total

1,308,557

Treasury shares purchased

€ millions

497.5

AT 31.12.2024

AT 31.12.2024

Buyback programme

AT 31.12.2024

Allocated to

free-share plans

AT 31.12.2024

Total

AT 31.12.2024

€ millions

c) 2023

The change in the number of shares in 2023 was as follows:

The change in the number of shares in 2023 was as follows:
In shares Share capital Treasury shares Common shares outstanding
At 01.01.2023

At 01.01.2023

Share capital

535,186,562

At 01.01.2023

Treasury shares

At 01.01.2023

Common shares outstanding

535,186,562

Shares cancelled

Shares cancelled

Share capital

(1,271,632)

Shares cancelled

Treasury shares

1,271,632

Shares cancelled

Common shares outstanding

Options and free shares exercised

Options and free shares exercised

Share capital

810,545

Options and free shares exercised

Treasury shares

Options and free shares exercised

Common shares outstanding

810,545

Treasury shares purchased

Treasury shares purchased

Share capital

Treasury shares purchased

Treasury shares

(1,271,632)

Treasury shares purchased

Common shares outstanding

(1,271,632)

AT 31.12.2023

AT 31.12.2023

Share capital

534,725,475

AT 31.12.2023

Treasury shares

AT 31.12.2023

Common shares outstanding

534,725,475