Consolidated balance sheet as at 31 December 2025

In millions of euro (after profit appropriation)

Note

31 December 2025

31 December 2024

Assets

Intangible assets

16

3,263.7

3,146.4

Property, plant and equipment

17

15.8

19.2

Right-of-use of assets

18

107.2

105.1

Financial assets

19

6.9

12.8

Derivative financial instruments

19

-

0.6

Contract assets

20

8.2

8.6

Deferred tax assets

13

(0.0)

(0.0)

Total non-current assets

3,401.8

3,292.7

Trade receivables and Unbilled services

21

245.3

211.7

Other receivables

22

52.3

45.4

Contract assets

20

7.7

8.2

Financial assets

19

5.9

5.2

Derivative financial instruments

19

-

-

Income tax receivable

13

13.1

7.1

Cash and cash equivalents

23

586.4

462.1

Total current assets

910.7

739.6

TOTAL ASSETS

4,312.5

4,032.3

In millions of euro (after profit appropriation)

Note

31 December 2025

31 December 2024

Equity

Share capital

24

1.7

1.7

Share premium

-

-

Merger reserve

26

1,746.3

1,746.3

Other reserves

26

(64.0)

(31.0)

Retained (losses)/profits

(80.9)

(134.6)

Total equity attributable to owners of the parent

1,603.1

1,582.4

Non-controlling interest

14

14.4

14.3

Total equity

1,617.5

1,596.7

Liabilities

Loans and borrowings

27

1,561.1

1,508.0

Financial liabilities

19

4.9

4.2

Derivative financial instruments

19

0.3

3.1

Provisions

28

10.5

9.2

Retirement benefit obligations

29

1.3

0.8

Trade and other payables

30

4.6

6.4

Deferred tax liabilities

13

244.2

240.8

Total non-current liabilities

1,826.9

1,772.5

Loans and borrowings

27

645.7

455.8

Financial liabilities

19

17.4

13.2

Derivative financial instruments

19

0.7

2.8

Provisions

28

3.2

3.5

Trade and other payables

30

182.6

173.6

Income tax liabilities

13

18.5

14.2

Total current liabilities

868.1

663.1

Total liabilities

2,695.0

2,435.6

TOTAL EQUITY AND LIABILITIES

4,312.5

4,032.3