| € millions (net values) | Notes | 31.12.2025 | 31.12.2024 |
|---|---|---|---|
| Intangible assets | Intangible assets Notes 12 |
Intangible assets 31.12.2025 4,754.2 |
Intangible assets 31.12.2024 4,562.3 |
| Property, plant and equipment | Property, plant and equipment Notes 13 |
Property, plant and equipment 31.12.2025 487.5 |
Property, plant and equipment 31.12.2024 469.4 |
| Financial assets | Financial assets Notes 14 |
Financial assets 31.12.2025 26,905.0 |
Financial assets 31.12.2024 23,409.5 |
| Non-current assets | Non-current assets Notes
|
Non-current assets 31.12.2025 32,146.7 |
Non-current assets 31.12.2024 28,441.2 |
| Inventories | Inventories Notes
|
Inventories 31.12.2025 — |
Inventories 31.12.2024 0.9 |
| Prepayments to suppliers | Prepayments to suppliers Notes
|
Prepayments to suppliers 31.12.2025 11.2 |
Prepayments to suppliers 31.12.2024 11.9 |
| Trade accounts receivable | Trade accounts receivable Notes 16 |
Trade accounts receivable 31.12.2025 539.3 |
Trade accounts receivable 31.12.2024 543.5 |
| Other receivables | Other receivables Notes 16 |
Other receivables 31.12.2025 227.2 |
Other receivables 31.12.2024 329.7 |
| Prepaid expenses | Prepaid expenses Notes 16 |
Prepaid expenses 31.12.2025 49.9 |
Prepaid expenses 31.12.2024 51.3 |
| Forward financial instruments | Forward financial instruments Notes 15 |
Forward financial instruments 31.12.2025 45.6 |
Forward financial instruments 31.12.2024 45.5 |
| Cash and cash equivalents | Cash and cash equivalents Notes 27 |
Cash and cash equivalents 31.12.2025 2,417.6 |
Cash and cash equivalents 31.12.2024 290.7 |
| Current assets | Current assets Notes
|
Current assets 31.12.2025 3,290.8 |
Current assets 31.12.2024 1,273.6 |
| Redemption premiums | Redemption premiums Notes
|
Redemption premiums 31.12.2025 14.0 |
Redemption premiums 31.12.2024 7.9 |
| Unrealised currency translation losses and valuation differences | Unrealised currency translation losses and valuation differences Notes 21 |
Unrealised currency translation losses and valuation differences 31.12.2025 100.0 |
Unrealised currency translation losses and valuation differences 31.12.2024 64.5 |
| TOTAL ASSETS | TOTAL ASSETS Notes
|
TOTAL ASSETS 31.12.2025 35,551.5 |
TOTAL ASSETS 31.12.2024 29,787.0 |
| € millions | Notes | 31.12.2025 | 31.12.2024 |
|---|---|---|---|
| Share capital | Share capital Notes
|
Share capital 31.12.2025 106.8 |
Share capital 31.12.2024 106.9 |
| Additional paid-in capital | Additional paid-in capital Notes
|
Additional paid-in capital 31.12.2025 3,509.8 |
Additional paid-in capital 31.12.2024 3,444.3 |
| Reserves and retained earnings | Reserves and retained earnings Notes
|
Reserves and retained earnings 31.12.2025 12,432.6 |
Reserves and retained earnings 31.12.2024 11,029.2 |
| Net profit | Net profit Notes
|
Net profit 31.12.2025 8,724.8 |
Net profit 31.12.2024 5,678.0 |
| Regulated provisions | Regulated provisions Notes
|
Regulated provisions 31.12.2025 15.0 |
Regulated provisions 31.12.2024 14.6 |
| Shareholders’ equity | Shareholders’ equity Notes
|
Shareholders’ equity 31.12.2025 24,789.0 |
Shareholders’ equity 31.12.2024 20,273.0 |
| Provisions for liabilities and charges | Provisions for liabilities and charges Notes 18 |
Provisions for liabilities and charges 31.12.2025 361.3 |
Provisions for liabilities and charges 31.12.2024 366.5 |
| Bonds | Bonds Notes 19 |
Bonds 31.12.2025 8,928.5 |
Bonds 31.12.2024 6,080.1 |
| Other borrowings and debt | Other borrowings and debt Notes 19 |
Other borrowings and debt 31.12.2025 1.1 |
Other borrowings and debt 31.12.2024 1,810.3 |
| Forward financial instruments | Forward financial instruments Notes
|
Forward financial instruments 31.12.2025 61.4 |
Forward financial instruments 31.12.2024 68.2 |
| Prepayments received on contracts in progress | Prepayments received on contracts in progress Notes
|
Prepayments received on contracts in progress 31.12.2025 21.8 |
Prepayments received on contracts in progress 31.12.2024 — |
| Trade accounts payable | Trade accounts payable Notes 20 |
Trade accounts payable 31.12.2025 676.1 |
Trade accounts payable 31.12.2024 592.7 |
| Other current liabilities | Other current liabilities Notes 20 |
Other current liabilities 31.12.2025 626.9 |
Other current liabilities 31.12.2024 556.0 |
| Accounts payable | Accounts payable Notes
|
Accounts payable 31.12.2025 10,315.8 |
Accounts payable 31.12.2024 9,107.3 |
| Unrealised currency translation gains and valuation differences | Unrealised currency translation gains and valuation differences Notes 21 |
Unrealised currency translation gains and valuation differences 31.12.2025 85.4 |
Unrealised currency translation gains and valuation differences 31.12.2024 40.3 |
| TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES | TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES Notes
|
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 31.12.2025 35,551.5 |
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 31.12.2024 29,787.0 |
