Consolidated statement of changes in equity

Attributable to owners of the parent company

In millions of euro

Share capital

Share premium

Merger reserve

Other reserves

Retained losses

Total

Non-controlling interest

Total equity

Balance at 1 January 2025

1.7

0.0

1,746.3

(31.0)

(134.6)

1,582.4

14.3

1,596.7

Profit for the year

-

-

-

-

53.7

53.7

0.9

54.6

Other comprehensive income

-

Remeasurement IAS19

-

-

-

0.0

-

-

-

-

Cash flow hedge - Costs of hedging reserve

-

-

-

4.8

-

4.8

-

4.8

Translation movements

-

-

-

(37.0)

-

(37.0)

-

(37.0)

Total other comprehensive income

-

-

-

(32.2)

-

(32.2)

-

(32.2)

Total comprehensive income

-

-

-

(32.2)

53.7

21.5

0.9

22.4

Transactions with owners

Equity restructuring

-

-

-

-

-

-

-

-

Share issue

-

-

-

-

-

-

-

-

Share based payments

-

-

-

(0.8)

-

(0.8)

-

(0.8)

Transfer to/(from) accumulated losses

-

-

-

-

-

-

-

-

Dividend non-controlling interest

-

-

-

-

-

-

(0.7)

(0.7)

Total transactions with owners, recognised directly in equity

-

-

-

(0.8)

-

(0.8)

(0.7)

(1.5)

Balance at 31 December 2025

1.7

-

1,746.3

(64.0)

(80.9)

1,603.1

14.4

1,617.5

Attributable to owners of the parent company

In millions of euro

Share capital

Share premium

Merger reserve

Other reserves

Retained losses

Total

Non-controlling interest

Total equity

Balance at 1 January 2024

1,114.0

-

-

-

-

1,114.0

-

1,114.0

Share cancellation and redesignation

(1,112.9)

-

-

-

-

(1,112.9)

-

(1,112.9)

Equity restructuring

0.6

-

1,746.3

(27.0)

(55.2)

1,664.7

13.8

1,678.5

Equity post restructuring

1.7

-

1,746.3

(27.0)

(55.2)

1,665.8

13.8

1,679.6

Loss for the year

-

-

-

(79.7)

(79.7)

1.1

(78.6)

Other comprehensive income

Remeasurement IAS19

-

-

-

-

(0.3)

(0.3)

-

(0.3)

Cash flow hedge - Costs of hedging reserve

-

-

-

(6.1)

(0.5)

(6.6)

-

(6.6)

Translation movements

-

-

-

3.3

-

3.3

-

3.3

Total other comprehensive income

-

-

-

(2.8)

(0.8)

(3.6)

-

(3.6)

Total comprehensive income

-

-

-

(2.8)

(80.5)

(83.3)

1.1

(82.2)

Transactions with owners

Shares issued

-

-

-

-

-

-

-

-

Share based payments

-

-

-

(1.2)

1.1

(0.1)

-

-

Transfer to/(from) accumulated losses

-

-

-

-

-

-

-

-

Dividend non-controlling interest

-

-

-

-

-

-

(0.6)

(0.6)

Total transactions with owners, recognised directly in equity

-

-

-

(1.2)

1.1

(0.1)

(0.6)

(0.7)

Balance at 31 December 2024

1.7

-

1,746.3

(31.0)

(134.6)

1,582.4

14.3

1,596.7