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General information
1.
General information
The FACC Group (hereinafter referred to as FACC) with headquarters in 4910 Ried im Innkreis, Fischerstra\u00dfe 9, Austria, is an enterprise involved in the development, production and maintenance of aircraft components. Its primary fields of activity include the production of structural components such as parts of engine cowlings, wing claddings or control surfaces and the production of interiors fittings in the modern commercial aircraft such as overhead stowage compartments, cabin linings and service units. The majority of the components are manufactured from composite materials. FACC also integrates metallic components made of titanium, high-alloyed steels and other metals into these composite components and delivers the ready-to-install components to the manufacturers\u2019 assembly lines.
FACC\u00a0AG has been listed on the Vienna Stock Exchange in the prime market exchange segment (commercial trade) since 25\u00a0June\u00a02014.
FACC\u00a0AG is part of the consolidation scope of AVIC Cabin Systems Co., Limited (ACS) with headquarters in Hong Kong (Room 2202A, 22/F, Fairmont House, 8 Cotton Tree Drive, Admiralty, Hong Kong), company number 1394811.
2.
Basis of preparation of the Consolidated Financial Statements
The Consolidated Financial Statements of FACC\u00a0AG as of 31\u00a0December 2025were prepared in accordance with the IFRS Accounting Standards, hereinafter abbreviated as \u201cIFRS\u201d issued by the International Accounting Standards Board (IASB) and the interpretations of the IFRS Interpretations Committee (IFRSIC) as adopted by the European Union (EU). According to section 245a of the Austrian Company Code (UGB), these Consolidated Financial Statements are subject to exception under Austrian law. All additional requirements of section 245a (1) of the Austrian Company Code (UGB) have been fulfilled.
The Consolidated Financial Statements are prepared as of the balance sheet date of the parent company, FACC\u00a0AG. The financial year begins on 1\u00a0January and ends on 31\u00a0December 2025. The annual financial statements of the individual domestic and foreign companies included in the Consolidated Financial Statements are prepared as of the reporting date of the Consolidated Financial Statements.
Accounting and valuation within the Group are carried out according to uniform criteria. The Consolidated Financial Statements were prepared on a going concern basis. For the sake of clarity, the \u201cConsolidated Profit and Loss Statement\u201d, the \u201cStatement of Comprehensive Income\u201d, the \u201cConsolidated Statement of Financial Position\u201d, the \u201cConsolidated Statement of Changes in Equity\u201d and the \u201cConsolidated Statement of Cash Flows\u201d have been summarized and are explained separately in the Notes according to the materiality principle.
The Consolidated Profit and Loss Statement has been prepared under the cost-of-sales method.
The Consolidated Statement of Financial Position is classified by maturity in accordance with IAS\u00a01. Assets and liabilities are classified as current if they are expected to be realized or settled within twelve months of the balance sheet date.
The Consolidated Financial Statements are presented in euros. Unless otherwise stated, all amounts have been rounded to the nearest thousand (EUR\u2019000). Due to rounding, slight differences may occur.
The accounting and valuation principles of the previous year, which form the basis for the present Consolidated Financial Statements, were applied unchanged and supplemented by new IFRS standards to be applied from this financial year onwards (see Note\u00a053 \u2013 Effects of new and amended standards). A description of the accounting and valuation principles is given in Note\u00a052 \u2013 Accounting and valuation policies.
In general, the aviation industry is expected to continue to grow. Both Airbus and Boeing expect a steady upward trend in air traffic, especially in the Asian markets, underpinning the need for new aircraft. Boeing and Airbus, for example, expect average annual growth in passenger kilometers of 3.8 percent through 2041, with fleets expected to expand by 2.8 percent annually over the same period.
The Consolidated Financial Statements are prepared in euros, the functional currency of FACC\u00a0AG.
58.
Approval for publication
These Consolidated Financial Statements were prepared by the Management Board and are scheduled to be submitted by the Management Board to the Supervisory Board for review on 25 March 2025. The Consolidated Financial Statements will then be submitted to the Annual General Meeting for approval. The Supervisory Board may arrange for amendments to be made to the Consolidated Financial Statements within the scope of its duties as assessor.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-304": { "value": "4910 Ried im Innkreis, Fischerstra\u00dfe 9", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-305": { "value": "4910 Ried im Innkreis, Fischerstra\u00dfe 9", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-306": { "value": "Austria", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-307": { "value": "Austria", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-308": { "value": "Its primary fields of activity include the production of structural components such as parts of engine cowlings, wing claddings or control surfaces and the production of interiors fittings in the modern commercial aircraft such as overhead stowage compartments, cabin linings and service units.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-309": { "value": "FACC\u00a0AG", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-310": { "value": "AG", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-311": { "value": "AVIC Cabin Systems Co., Limited (ACS)", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-312": { "value": "AVIC Cabin Systems Co., Limited (ACS)", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-313": { "value": "
2.
Basis of preparation of the Consolidated Financial Statements
The Consolidated Financial Statements of FACC\u00a0AG as of 31\u00a0December 2025were prepared in accordance with the IFRS Accounting Standards, hereinafter abbreviated as \u201cIFRS\u201d issued by the International Accounting Standards Board (IASB) and the interpretations of the IFRS Interpretations Committee (IFRSIC) as adopted by the European Union (EU). According to section 245a of the Austrian Company Code (UGB), these Consolidated Financial Statements are subject to exception under Austrian law. All additional requirements of section 245a (1) of the Austrian Company Code (UGB) have been fulfilled.
The Consolidated Financial Statements are prepared as of the balance sheet date of the parent company, FACC\u00a0AG. The financial year begins on 1\u00a0January and ends on 31\u00a0December 2025. The annual financial statements of the individual domestic and foreign companies included in the Consolidated Financial Statements are prepared as of the reporting date of the Consolidated Financial Statements.
Accounting and valuation within the Group are carried out according to uniform criteria. The Consolidated Financial Statements were prepared on a going concern basis. For the sake of clarity, the \u201cConsolidated Profit and Loss Statement\u201d, the \u201cStatement of Comprehensive Income\u201d, the \u201cConsolidated Statement of Financial Position\u201d, the \u201cConsolidated Statement of Changes in Equity\u201d and the \u201cConsolidated Statement of Cash Flows\u201d have been summarized and are explained separately in the Notes according to the materiality principle.
The Consolidated Profit and Loss Statement has been prepared under the cost-of-sales method.
The Consolidated Statement of Financial Position is classified by maturity in accordance with IAS\u00a01. Assets and liabilities are classified as current if they are expected to be realized or settled within twelve months of the balance sheet date.
The Consolidated Financial Statements are presented in euros. Unless otherwise stated, all amounts have been rounded to the nearest thousand (EUR\u2019000). Due to rounding, slight differences may occur.
The accounting and valuation principles of the previous year, which form the basis for the present Consolidated Financial Statements, were applied unchanged and supplemented by new IFRS standards to be applied from this financial year onwards (see Note\u00a053 \u2013 Effects of new and amended standards). A description of the accounting and valuation principles is given in Note\u00a052 \u2013 Accounting and valuation policies.
In general, the aviation industry is expected to continue to grow. Both Airbus and Boeing expect a steady upward trend in air traffic, especially in the Asian markets, underpinning the need for new aircraft. Boeing and Airbus, for example, expect average annual growth in passenger kilometers of 3.8 percent through 2041, with fleets expected to expand by 2.8 percent annually over the same period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-314": { "value": "
The Consolidated Financial Statements of FACC\u00a0AG as of 31\u00a0December 2025were prepared in accordance with the IFRS Accounting Standards, hereinafter abbreviated as \u201cIFRS\u201d issued by the International Accounting Standards Board (IASB) and the interpretations of the IFRS Interpretations Committee (IFRSIC) as adopted by the European Union (EU). According to section 245a of the Austrian Company Code (UGB), these Consolidated Financial Statements are subject to exception under Austrian law. All additional requirements of section 245a (1) of the Austrian Company Code (UGB) have been fulfilled.
", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-315": { "value": "The Consolidated Financial Statements were prepared on a going concern basis.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-316": { "value": "
3.
Consolidated companies
The Consolidated Financial Statements of FACC\u00a0AG include all companies controlled by FACC\u00a0AG. According to IFRS\u00a010, an investor has power over an investee if it has the ability to direct activities which significantly affect the investee\u2019s return, has exposure or rights to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect the amount of its returns.
The group of consolidated companies of FACC as of 31\u00a0December 2025 remained unchanged compared to 31\u00a0December 2024. The group comprises nine companies, including FACC\u00a0AG.
FACC\u00a0AG comprised the following subsidiaries on 31\u00a0December 2025 or 31\u00a0December 2024:
Company
Headquaters
Issued and fully paid nominal
capital
Currency
Direct share
Primary activities
FACC Operations GmbH
Ried im Innkreis, Austria
127,000,000
EUR
100%
Development & production of aircraft components;
customer service & repair
FACC Solutions (Canada) Inc.
Montreal, Canada
10,000
CAD
100%
Production;
customer service & repair
FACC Solutions Croatia d.o.o.
Jakovlje, Croatia
2,717
EUR
100%
Production
FACC Solutions Inc.
Wichita, Kansas, USA
10,000
USD
100%
Customer service & repair
FACC Solutions s.r.o.
Bratislava, Slovakia
6,639
EUR
100%
Design & engineering
FACC (Shanghai) Co., Ltd
Shanghai, China
2,000,000
RMB
100%
Design & engineering
FACC Solutions Private Limited
Pune, India
20,420,530
INR
100%
Design & engineering
CoLT Pr\u00fcf und Test GmbH
St. Martin, Austria
35,000
EUR
100%
Design & engineering
4.
Consolidation methods
The capital consolidation of fully consolidated affiliates is performed according to the acquisition method, which involves comparing the consideration paid with the revalued net assets (equity) of the acquired entity at the time of acquisition. Under IFRS\u00a03, assets, liabilities and contingent liabilities, to the extent that they can be identified, are recognized at fair value on initial consolidation; any remaining positive difference between the procurement costs and the revalued equity share is capitalized as goodwill in the respective segment in the respective national currency. A negative difference is recognized in the Profit and Loss Statement under other operating income.
Revenues, earnings and expenses as well as receivable and liability settlements between consolidated companies are eliminated.
Interim results resulting from intra-group transactions are eliminated.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-317": { "value": "
3.
Consolidated companies
The Consolidated Financial Statements of FACC\u00a0AG include all companies controlled by FACC\u00a0AG. According to IFRS\u00a010, an investor has power over an investee if it has the ability to direct activities which significantly affect the investee\u2019s return, has exposure or rights to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect the amount of its returns.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-318": { "value": "
The group of consolidated companies of FACC as of 31\u00a0December 2025 remained unchanged compared to 31\u00a0December 2024. The group comprises nine companies, including FACC\u00a0AG.
FACC\u00a0AG comprised the following subsidiaries on 31\u00a0December 2025 or 31\u00a0December 2024:
Company
Headquaters
Issued and fully paid nominal
capital
Currency
Direct share
Primary activities
FACC Operations GmbH
Ried im Innkreis, Austria
127,000,000
EUR
100%
Development & production of aircraft components;
customer service & repair
FACC Solutions (Canada) Inc.
Montreal, Canada
10,000
CAD
100%
Production;
customer service & repair
FACC Solutions Croatia d.o.o.
Jakovlje, Croatia
2,717
EUR
100%
Production
FACC Solutions Inc.
Wichita, Kansas, USA
10,000
USD
100%
Customer service & repair
FACC Solutions s.r.o.
Bratislava, Slovakia
6,639
EUR
100%
Design & engineering
FACC (Shanghai) Co., Ltd
Shanghai, China
2,000,000
RMB
100%
Design & engineering
FACC Solutions Private Limited
Pune, India
20,420,530
INR
100%
Design & engineering
CoLT Pr\u00fcf und Test GmbH
St. Martin, Austria
35,000
EUR
100%
Design & engineering
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-319": { "value": "
The group of consolidated companies of FACC as of 31\u00a0December 2025 remained unchanged compared to 31\u00a0December 2024. The group comprises nine companies, including FACC\u00a0AG.
FACC\u00a0AG comprised the following subsidiaries on 31\u00a0December 2025 or 31\u00a0December 2024:
Company
Headquaters
Issued and fully paid nominal
capital
Currency
Direct share
Primary activities
FACC Operations GmbH
Ried im Innkreis, Austria
127,000,000
EUR
100%
Development & production of aircraft components;
customer service & repair
FACC Solutions (Canada) Inc.
Montreal, Canada
10,000
CAD
100%
Production;
customer service & repair
FACC Solutions Croatia d.o.o.
Jakovlje, Croatia
2,717
EUR
100%
Production
FACC Solutions Inc.
Wichita, Kansas, USA
10,000
USD
100%
Customer service & repair
FACC Solutions s.r.o.
Bratislava, Slovakia
6,639
EUR
100%
Design & engineering
FACC (Shanghai) Co., Ltd
Shanghai, China
2,000,000
RMB
100%
Design & engineering
FACC Solutions Private Limited
Pune, India
20,420,530
INR
100%
Design & engineering
CoLT Pr\u00fcf und Test GmbH
St. Martin, Austria
35,000
EUR
100%
Design & engineering
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-320": { "value": "
The capital consolidation of fully consolidated affiliates is performed according to the acquisition method, which involves comparing the consideration paid with the revalued net assets (equity) of the acquired entity at the time of acquisition. Under IFRS\u00a03, assets, liabilities and contingent liabilities, to the extent that they can be identified, are recognized at fair value on initial consolidation; any remaining positive difference between the procurement costs and the revalued equity share is capitalized as goodwill in the respective segment in the respective national currency. A negative difference is recognized in the Profit and Loss Statement under other operating income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-321": { "value": "
The capital consolidation of fully consolidated affiliates is performed according to the acquisition method, which involves comparing the consideration paid with the revalued net assets (equity) of the acquired entity at the time of acquisition. Under IFRS\u00a03, assets, liabilities and contingent liabilities, to the extent that they can be identified, are recognized at fair value on initial consolidation; any remaining positive difference between the procurement costs and the revalued equity share is capitalized as goodwill in the respective segment in the respective national currency. A negative difference is recognized in the Profit and Loss Statement under other operating income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-322": { "value": "
The capital consolidation of fully consolidated affiliates is performed according to the acquisition method, which involves comparing the consideration paid with the revalued net assets (equity) of the acquired entity at the time of acquisition. Under IFRS\u00a03, assets, liabilities and contingent liabilities, to the extent that they can be identified, are recognized at fair value on initial consolidation; any remaining positive difference between the procurement costs and the revalued equity share is capitalized as goodwill in the respective segment in the respective national currency. A negative difference is recognized in the Profit and Loss Statement under other operating income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-323": { "value": "
The capital consolidation of fully consolidated affiliates is performed according to the acquisition method, which involves comparing the consideration paid with the revalued net assets (equity) of the acquired entity at the time of acquisition. Under IFRS\u00a03, assets, liabilities and contingent liabilities, to the extent that they can be identified, are recognized at fair value on initial consolidation; any remaining positive difference between the procurement costs and the revalued equity share is capitalized as goodwill in the respective segment in the respective national currency. A negative difference is recognized in the Profit and Loss Statement under other operating income.
Segment reporting follows the internal management and reporting of FACC\u00a0AG (according to IFRS). The earnings before interest and taxes (EBIT) are the key performance indicator used to steer the business segments and are reported to the responsible corporate body (Management Board of FACC\u00a0AG).
Due to different applications of the products, three operating segments were identified, which also represent the reportable segments:
\u2022
Aerostructures: development, production, distribution and repair of structural components
\u2022
Engines & Nacelles: development, production, distribution and repair of engine components
\u2022
Cabin Interiors: development, production, distribution and repair of interior furnishing
In addition to the three operating segments, the Group also comprises the central services Finance and Controlling, Human Resources, Legal, Quality Assurance, Research & Development, Communication & Marketing, Purchasing and IT (including Engineering Services). The central services support the operating segments in fulfilling their duties within the framework of a matrix organization. Their earnings and outlays are allocated to the three segments using a specific method.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-324": { "value": "
5.
Currency conversion
Functional currency
The Consolidated Financial Statements are prepared in euros, the functional currency of FACC\u00a0AG.
The annual financial statements of foreign subsidiaries are converted into euros in accordance with the functional currency concept of IAS\u00a021. The currency of all subsidiaries is the respective local currency since they conduct their business independently from a financial, economic and organizational point of view.
Monetary assets and liabilities denominated in a foreign currency are translated into the functional currency using the closing conversion rate at each balance sheet date. All exchange rate differences are recorded to profit or loss. Non-monetary items measured at historical cost in a foreign currency are translated at the exchange rate on the date of the transaction.
The items in the profit and loss statements of foreign consolidated companies are converted at average period rates.
Exchange rate differences arising from the conversion of transactions and monetary balance sheet items in foreign currencies are recorded to profit or loss at the exchange rates applicable at the time of the transaction or valuation.
Modified closing rate method
Currency conversion differences between the closing conversion rate or historical rates on the balance sheet and the average rate on the Profit and Loss Statement are recorded as part of the other comprehensive income in equity.
Foreign currency valuation (IAS\u00a021)
Receivables, cash and cash equivalents and liabilities are translated at the spot conversion rate. Gains and losses are recorded to profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-325": { "value": "
5.
Currency conversion
Functional currency
The Consolidated Financial Statements are prepared in euros, the functional currency of FACC\u00a0AG.
The annual financial statements of foreign subsidiaries are converted into euros in accordance with the functional currency concept of IAS\u00a021. The currency of all subsidiaries is the respective local currency since they conduct their business independently from a financial, economic and organizational point of view.
Monetary assets and liabilities denominated in a foreign currency are translated into the functional currency using the closing conversion rate at each balance sheet date. All exchange rate differences are recorded to profit or loss. Non-monetary items measured at historical cost in a foreign currency are translated at the exchange rate on the date of the transaction.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-326": { "value": "
\u00a0
\u00a0
Closing rate
Average rate
Currency
Abbrev.
31.12.2024
31.12.2025
2024
2025
Canadian dollar
CAD
1.4948
1.6088
1.4821
1.5787
Indian rupee
INR
88.9335
105.5965
90.5563
98.5239
Chinese renminbi yuan
CNY
7.5833
8.2262
7.7875
8.1185
US dollar
USD
1.0389
1.1750
1.0824
1.1300
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u20131,601
\u20131,476
Personnel costs
\u201327,814
\u201329,768
Depreciation and amortization
\u20136,171
\u20136,349
Effects from foreign exchange rates
1,161
\u20132,122
General operating expenses
\u201326,129
\u201319,345
\u00a0
\u201360,554
\u201359,060
31\u00a0December 2024
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013837
\u201311,851
0
539
0
\u201312,148
Financial liabilities at amortized costs
0
15,992
0
\u201313,077
0
2,915
Fair-Value through profit and loss
0
0
\u201311,097
0
0
\u201311,097
Fair value through other comprehensive income
0
0
0
11
0
11
31\u00a0December 2025
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013204
\u20137,881
0
3,453
0
\u20134,632
Financial liabilities at amortized costs
0
8,406
0
\u20139,938
0
\u20131,532
Fair-Value through profit and loss
0
0
12,209
0
0
12,209
Fair value through other comprehensive income
0
0
0
11
0
11
\u00a0
Software
Rights
Research and development costs
Advance payment on intangible assets
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
26,778
9,337
2,919
0
31,431
Changes in foreign exchange rates
22
0
0
0
22
Additions
558
24
120
599
1,301
Transfers
206
0
0
\u2013206
0
As of 31\u00a0December 2024
27,563
9,361
3,039
393
40,356
Changes in foreign exchange rates
\u2013104
0
0
0
\u2013104
Additions
61
0
16
300
377
Transfers
393
0
0
\u2013393
0
As of 31\u00a0December 2025
27,914
9,361
3,055
300
40,630
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
25,024
2,558
724
0
28,306
Changes in foreign exchange rates
17
0
0
0
17
Amortization
943
671
440
0
2,055
As of 31\u00a0December 2024
25,985
3,229
1,164
0
30,378
Changes in foreign exchange rates
\u201378
0
0
0
\u201378
Amortization
1,019
666
363
0
2,048
As of 31\u00a0December 2025
26,926
3,895
1,527
0
32,348
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
1,578
6,132
1,875
393
9,978
Carrying amount on 31\u00a0December 2025
988
5,465
1,527
300
8,281
\u00a0
\u00a0
Properties and buildings
Technical
facilities
Operating and office equipment
Facilities under construction
Right of Use
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
96,078
127,116
46,782
16,804
113,686
400,466
Changes in foreign exchange rates
76
0
156
0
116
349
Additions
7,032
6,688
4,325
2,735
12,553
33,334
Disposals
\u2013420
\u20131,705
\u20131,330
0
\u2013420
\u20133,875
Transfers
11,536
2,986
398
\u201314,920
0
0
As of 31\u00a0December 2024
114,303
135,085
50,331
4,620
125,935
430,274
Changes in foreign exchange rates
\u2013131
0
\u2013446
0
\u2013255
\u2013833
Additions
1,512
4,613
2,362
7,946
7,221
23,654
Disposals
0
\u20133,770
\u20135,203
0
\u20131,367
\u201310,340
Transfers
0
1,693
1,086
\u20132,779
0
0
As of 31\u00a0December 2025
115,683
137,621
48,129
9,787
131,534
442,755
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
43,825
110,623
36,381
0
45,320
236,150
Changes in foreign exchange rates
0
0
152
0
76
228
Amortization
2,813
4,653
3,976
0
10,512
21,953
Disposals
0
\u2013540
\u20131,189
0
\u2013250
\u20131,979
As of 31\u00a0December 2024
46,638
114,736
39,320
0
55,658
256,352
Changes in foreign exchange rates
\u201329
0
\u2013393
0
\u2013125
\u2013546
Amortization
3,531
5,310
3,868
0
10,927
23,636
Disposals
0
\u20133,632
\u20135,181
0
\u20131,298
\u201310,111
Transfers
\u2013643
0
643
0
0
0
As of 31\u00a0December 2025
49,497
116,414
38,257
0
65,162
269,331
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
67,665
20,349
11,011
4,620
70,277
173,922
Carrying amount on 31\u00a0December 2025
66,186
21,207
9,872
9,787
66,372
173,423
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,525
24,518
Changes in estimates
64
\u201376
Partial settlements
\u20133,143
\u20133,859
Valuation allowance
3
2
Interest
790
850
Additions
867
8,293
Currency translation
1,411
\u20133,309
\u00a0
24,518
26,418
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
6,315
7,045
Changes in estimates
0
\u2013272
Additions and Partial profit
205
0
Partial settlements
\u2013114
\u2013314
Interest
225
215
Currency translation
414
\u2013818
\u00a0
7,045
5,856
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Effects from foreign exchange rates
\u20135,604
15,847
Measurement of derivatives in earnings before interest and tax (hedging)
11,097
\u201312,209
Recognition of deferred tax assets/liabilities
\u201373
\u2013244
Impairment on inventories
249
\u20131,024
Valuation allowance of receibables
\u20131,745
\u2013231
Changes in estimates of receivables from customer-related engineering and contract assets
64
349
Remaining other non-cash expenses/income
64
59
\u00a0
4,052
2,546
\u00a0
49.
Market price risk
Currency risk
The majority of sales revenues of the FACC Group companies are generated in US dollars (USD), while a significant portion of expenses are incurred in euros (EUR). This discrepancy between cash flows in different currencies creates a foreign currency risk that can have a direct impact on the FACC Group's operating business as well as its net assets, financial position and results of operations. Natural hedging, which results from the partial offsetting of income and expenses in USD and EUR, reduces this risk but does not completely eliminate it.
The FACC Group uses derivative financial instruments such as forward exchange contracts to limit exchange rate risks, particularly in relation to the USD/EUR exchange rate. These instruments are used to hedge future cash flows in foreign currencies and are intended to reduce the potential negative effects of exchange rate fluctuations on earnings before interest and taxes (EBIT) and the Group's financial position.
The following overview shows the composition of receivables, other assets and liabilities by currency. Currency risks are analyzed and measured on this basis.
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Promissory note loans (non-current and current)
69,500
69,500
Lease liabilities (non-current and current)
73,983
70,363
Other financial liabilities (current and non-current)
156,337
128,681
Employee benefit obligations
11,819
10,818
Contract liabilities from customer-related engineering
24,562
12,111
Trade payables
99,070
89,947
Liabilities towards related companies
10,312
20,203
Other non-current financial liabilities
4,482
3,337
Other current financial liabilities
10,251
10,159
\u00a0
460,316
415,118
US dollar
122,217
102,514
EUR
338,098
312,605
\u00a0
460,316
415,118
\u00a0
Sensitivity analyses were carried out to assess currency risks in accordance with IFRS 7 requirements. All monetary financial instruments were considered if they are reported in a currency other than the functional currency of the respective Group company. This applies in particular to receivables, liabilities, cash, cash equivalents and foreign currency derivatives.
The sensitivity of equity also takes into account measurement effects from the cash flow hedges for foreign currency risks recognized in other comprehensive income. Translation differences resulting from the translation of financial statements in currencies other than the Group currency are not affected by the analyses.
A 5 percent change in the EUR-USD exchange rate would produce the following effects:
Revaluation (+)/devaluation (\u2013)
5% devaluation
5% revaluation
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Changes in Consolidated Profit and Loss Statement
878
1,847
\u2013795
\u20131,671
Changes in comprehensive income/loss
\u201315,450
\u201316,229
13,980
14,708
Changes to equity
\u201314,572
\u201314,382
13,185
13,037
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-327": { "value": "
6.
Use of assumptions and estimates
The preparation of the Consolidated Financial Statements requires management to make use of certain estimates and assumptions regarding the future, including climate-related opportunities and risks which have an impact on the amounts of the reported assets and liabilities as well as contingent liabilities, on other liabilities on the balance sheet date and the disclosure of earnings and expenses during the reporting period. The actual amounts may differ from the estimates given. Sensitivities are presented where significant estimates and discretionary scope exist, particularly in the case of contract fulfillment costs.
Estimates and underlying discretionary decisions are reviewed on an ongoing basis and are therefore in line with the FACC Group's risk reporting and climate commitments. Should estimates need to be adjusted, these will be recorded prospectively.
Impact of macroeconomic developments
Current macroeconomic developments may have an impact on accounting. This can have an impact in particular on the assessment of triggering events in accordance with IAS 36, assumptions for impairment tests in accordance with IAS 36 and IFRS 15, the calculation of provisions and the assessment of deferred taxes.
As an aviation supplier, the FACC Group is heavily dependent on orders from aircraft manufacturers, who in turn are dependent on airlines. This industry is currently experiencing a strong ramp-up.
In general, it should be noted that the aviation industry is expecting further growth. Both Airbus and Boeing anticipate a steady upward trend in flight volumes. Airbus expects average annual growth in passenger kilometers of 3.6 percent until 2044, with fleets likely to expand by approximately 4.4 percent annually over the same period.
Further information on the economic environment of the FACC Group can also be found in the Group Management Report.
Climate risks and the effects of climate change
The aim of sustainability management is to take into account the impact on the environment and society in all business processes and to reconcile the company's economic and ecological-social values. Sustainability management and the operating units work closely together on this. Key objectives are the reduction of fuel consumption through weight reduction, recycling management and the use of ecologically recyclable materials. These are long-term topics on which the FACC Group is continuously working. On the sales side, such topics are discussed with the largest customers and have an increasing influence on the new and further development of components and tooling. On the procurement side, these topics are relevant when selecting suppliers. In the production process, this topic affects new processes and methods in production. The topic of sustainability also flows into the product creation and development process.
Climate-related effects and their opportunities and risks are continuously evaluated within the FACC Group and taken into account in the consolidated financial statements.
In line with the European Sustainability Reporting Standards (ESRS), a materiality analysis was also carried out in which, among other things, impacts, risks and opportunities are assessed. This can be found in the sustainability reporting in the management report.
FACC is committed to climate protection and the goals of the Paris Climate Agreement. The sustainability targets have been integrated into the FACC Group strategy to ensure that the necessary measures are taken.
In order to avoid the risk of climate-related supply difficulties for certain raw materials, physical inventories are monitored on an ongoing basis and strategic reserves are built up as necessary.
Current developments and measures relating to environmental and climate protection are also continuously evaluated with regard to their impact on the FACC Group's balance sheet. The following aspects in particular were analyzed:
Useful life of assets
In order to implement FACC's sustainability goals, various investments in modern new buildings and the modernization of existing production facilities and buildings will be necessary. As part of the annual useful life analysis, no significant shortening of the useful life of existing facilities could be derived from today's perspective. Climate-related aspects (reduced CO2 emissions, etc.) are taken into account for new investments.
The average useful lives are specified in Note\u00a052 \u2013 Accounting and valuation policies.
Impairment of assets
The issue of sustainability is reflected in particular in market growth and opportunities and is included in market expectations and customer forecasts. This topic is reflected in particular in assumptions for impairment tests in accordance with IAS 36 and IFRS 15.
In the corporate planning, which serves as the basis for the impairment tests, the climate-relevant opportunities and risks are taken into account on the basis of the best possible estimate based on the information available on the balance sheet date.
Climate-related aspects are also taken into account in cash flow planning, as these are based on customers' rate plans as well as market and customer forecasts, which of course also take into account customer expectations regarding climate change and its impact on the aviation industry. In addition, FACC also reflects climate-related uncertainties by holding regular market discussions with the division heads, summarizing market data and customer forecasts and estimating the planned rates per aircraft platform, which are then ultimately incorporated into the budget and medium-term planning.
When assessing the need for impairment, the company distinguishes between impairment tests in accordance with IFRS 15 for contract fulfillment costs, whereby tests are carried out at the level of individual or joint projects (same aircraft type, etc.), and impairment tests in accordance with IAS 36 at the level of cash-generating units (segments).
Based on current developments and measures, no indicators of potential impairment of existing assets at the level of the cash-generating units (segments) have been identified.
Contract costs were tested for impairment in the course of the financial year to the extent that there were indications of impairment, such as expected losses within the framework of multi-year planning. The assessment of the recoverability of development projects is based on the discounted cash flow method. The cash flows determined for future financial years at project level are discounted using the WACC and compared with the project-related capitalized costs. The result of the impairment test is heavily dependent on the expected cash surpluses of the respective projects, including the associated series deliveries, as well as the cost of capital rate used. With regard to these parameters, management makes estimates and forward-looking assumptions (in particular material and personnel cost trends) about the expected cash surpluses and cost of capital rates in the planning periods. For the years of specific development projects beyond the detailed planning period, the planning assumptions of the last planning year are extrapolated, limited by management estimates based on external market analyses and customer forecasts. The maximum term is 20 years. The estimates are made to the best of our knowledge and belief on a going concern basis, are based on past experience and take appropriate account of the remaining uncertainty. Changes in estimates regarding future incoming payments can have a significant impact on the value adjustment.
In order to show the effects of changing parameters in the planning calculation on the consolidated income statement, a sensitivity analysis is carried out for the impairment test in accordance with IFRS 15. The planning assumptions made for the impairment test and the sensitivity analysis are explained in Note 24 - Contract costs.
The impairment of trade receivables, receivables from customer-related engineering and contract assets (in accordance with IFRS 9) is determined on an individual basis, taking into account expected future incoming payments. In this context, estimation uncertainties result from changes in estimates of future incoming payments, which can lead to significant changes in the value adjustment. In addition, the forward-looking model of expected credit losses specified in IFRS 9 is used. This requires considerable discretionary decisions regarding the extent to which expected credit losses are influenced by changes in economic factors. This assessment is determined on the basis of weighted probabilities.
Provisions
Obligations relating to environmental and climate protection that would have required the recognition of a provision or the disclosure of a contingent liability could not be identified as at the reporting date. In connection with personnel-related provisions, non-financial targets relevant to remuneration, such as specific CO2 emissions, were assessed and taken into account in the corresponding bonus provisions.
Physical climate risks
Physical climate risks such as. Floods, heavy rainfall, storms, drought, heatwaves, cold spells and other extreme weather events as well as permanently high temperatures or chronic heatwaves are evaluated on an ongoing basis, but no provisions had to be recognized for these risks as at the reporting date.
Other assumptions on estimates and discretionary decisions
The effects of inflation and interest rate increases were taken into account in the measurement of personnel-related provisions and the interest rates used to discount future cash flows as part of the measurement of non-current assets. Please refer to the explanations in the respective notes.
Receivables from customer-related engineering are recognized at the present value of future incoming payments for development costs incurred, whereby the estimates for determining this value are based on the budget approved by the Supervisory Board for the coming financial year and medium-term planning for the next five years. Internal planning is based on management's assessments, which are based on external market analyses and customer forecasts. The present value increases if the ship sets are expected to be delivered earlier in the future. The present value decreases if the ship sets are expected to be delivered later in the future.
The calculation of deferred tax assets requires assumptions to be made regarding future taxable earnings and the timing of the realization of deferred tax assets. However, as future business performance is uncertain and cannot be fully influenced by FACC, the valuation of deferred taxes is subject to uncertainties.
\u201cSlow-moving\u201d inventory items, which are classified according to product groups, are subject to specific write-downs.
Employee benefit obligations are determined on the basis of actuarial calculations made by actuaries. Actuarial valuations are based on assumptions about discount rates, future wage and salary increases and mortality rates. When determining the appropriate discount rate, management bases its calculations on long-term market interest rates. The applied mortality rate is derived from publicly available mortality tables in the respective country. Future wage and salary increases are calculated on the basis of expected future inflation rates for the respective country. All assumptions are reviewed and evaluated at each balance sheet date. Further details on the assumptions made and sensitivities are given in Note\u00a034 \u2013 Employee benefit obligations.
Provisions for warranties are determined according to a standardized process. These risks are calculated by the division heads at each balance sheet date and are then assessed by management. Where a risk has to be taken into account, the respective area of responsibility must make the best possible estimate of the provision to be recognized on the basis of empirical values and individual assessments. Provisions are regularly adjusted to incorporate new findings.
Pending losses are immediately recorded as expenses if the total contract costs are expected to exceed the contract revenues. In order to determine the contract costs, management must make a substantial number of estimates regarding the fulfillment of certain performance requirements as well as the development of productivity improvements and warranty expenses.
In addition, it is also necessary to assess whether individual agreements with customers are to be considered contracts. This depends, in particular, on whether delivery obligations were negotiated jointly and relate to the same economic context.
Within the framework of customer and supplier contracts, estimates must also be made with regard to the outcome of disputes regarding additional claims on the part of FACC and counterclaims of the customer and supplier. These are partially dependent on the outcome of legal disputes. Subsequent claims are only recognized in exceptional cases if an external legal opinion exists that confirms the enforceability of the amount and reason for the subsequent claim with a very high probability. Provisions are also recognized on the basis of the legal opinions obtained to assess the risks from counterclaims of a significant amount, taking into account all opportunities and risks.
FACC was not involved in any passive lawsuits or exposed to threats of lawsuits in the financial year 2025. However, there are out-of-court negotiations with customers and suppliers, the outcome of which is subject to management estimates. These estimates are based on external legal letters and the assessment of the internal legal department.
The sensitivity analysis had shown that, depending on the development of the key valuation parameters, no impairment losses would have resulted:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Increase of discount rate by
100 basis points
\u20131
0
Increase personal costs by
50 percentage points
0
0
Increase material costs by
50 percentage points
0
\u2013422
An increase or decrease in the discount rate or salary increase of 0.5 percentage points would change the obligation as follows:
Discounting interest rate
Decrease by 0.5 percentage points
EUR'000
Increase by 0.5 percentage points
EUR'000
Change in obligations
as of 31\u00a0December 2024
454
\u2013420
Change in obligations
as of 31\u00a0December 2025
377
\u2013351
Salary increases
Decrease by 0.5 percentage points
EUR'000
Increase by 0.5 percentage points
EUR'000
Change in obligations
as of 31\u00a0December 2024
\u2013466
467
Change in obligations
as of 31\u00a0December 2025
\u2013355
377
47.
Derivative financial instruments and hedge accounting
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Furthermore, forward exchange contracts in US dollars (volume: kUSD 30,000; previous year: kUSD 25,000) were concluded during the year for the purpose of hedging the exchange rate of receivables from customer-related engineering. These transactions, however, were matured by the end of the balance sheet date.
Derivative financial instruments with a positive market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with positive fair value
0
0
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with positive fair value
10,036
10,036
0
Derivative financial instruments with a negative market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with negative fair value
17,872
17,872
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with negative fair value
1
1
0
The contract volume of foreign currency derivatives is broken down by maturity as follows:
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
Currency
Volume in thousands
Less than 1 year in thousands
1 to 2 years in thousands
3 to 5 years in thousands
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024:
Foreign currency derivatives
USD
405,000
405,000
0
0
As of 31\u00a0December 2025:
Foreign currency derivatives
USD
480,000
480,000
0
0

The following tables provide information on the forward exchange transactions designated as hedging instruments at the end of the reporting period:
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
\u00a0
Change in value used for calculating hedge ineffectiveness
Carrying amount cash flow hedge reserve
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Sell USD, buy EUR
11,934
\u20133,764
\u20139,189
2,898
The following table shows the effectiveness of the hedging relationships, and the amounts either reclassified from the reserve for cash flow hedges to profit or loss or directly recognized in profit or loss:
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
Due to 100 percent effectiveness, the change in value for calculating the ineffectiveness of the hedging relationship is identical for the hedged item and the hedging transaction.\u00a0
Sensitivity analyses were carried out to assess currency risks in accordance with IFRS 7 requirements. All monetary financial instruments were considered if they are reported in a currency other than the functional currency of the respective Group company. This applies in particular to receivables, liabilities, cash, cash equivalents and foreign currency derivatives.
The sensitivity of equity also takes into account measurement effects from the cash flow hedges for foreign currency risks recognized in other comprehensive income. Translation differences resulting from the translation of financial statements in currencies other than the Group currency are not affected by the analyses.
A 5 percent change in the EUR-USD exchange rate would produce the following effects:
Revaluation (+)/devaluation (\u2013)
5% devaluation
5% revaluation
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Changes in Consolidated Profit and Loss Statement
878
1,847
\u2013795
\u20131,671
Changes in comprehensive income/loss
\u201315,450
\u201316,229
13,980
14,708
Changes to equity
\u201314,572
\u201314,382
13,185
13,037
An increase in the interest rate level by 100 basis points would have resulted in a reduction in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275). A reduction in the interest rate level by 100 basis points would have resulted in an increase in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275).
The sensitivity calculation is based on the variable-interest assets and liabilities.
Buildings
Ten to 50 years
Investments in third-party buildings
33 to 50 years
Technical plants and machinery
Three to 33 years
Office equipment
Five to 14 years
Vehicles
Five to Eight years
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-328": { "value": "
Useful life of assets
In order to implement FACC's sustainability goals, various investments in modern new buildings and the modernization of existing production facilities and buildings will be necessary. As part of the annual useful life analysis, no significant shortening of the useful life of existing facilities could be derived from today's perspective. Climate-related aspects (reduced CO2 emissions, etc.) are taken into account for new investments.
The average useful lives are specified in Note\u00a052 \u2013 Accounting and valuation policies.
Property, plant and equipment (IAS\u00a016, IAS\u00a036, IAS\u00a023)
Property, plant and equipment are measured at amortized cost of procurement or manufacturing.
The manufacturing costs of property, plant and equipment include individual costs and reasonable parts of the overhead costs as well as borrowing costs in the case of qualified assets.
Linear amortization over the useful life:
Buildings
Ten to 50 years
Investments in third-party buildings
33 to 50 years
Technical plants and machinery
Three to 33 years
Office equipment
Five to 14 years
Vehicles
Five to Eight years
\u00a0
Impairment tests are performed whenever there are signs of impairment. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are reversed up to the amortized cost of the asset.
Profits and losses from disposals of property, plant and equipment shall be determined as the difference between the disposal proceeds and the carrying amounts of property, plant and equipment and are recorded in the Consolidated Profit and Loss Statement under the items \u201cOther operating income\u201d and \u201cOther operating expenses\u201d.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-329": { "value": "
Impairment of assets
The issue of sustainability is reflected in particular in market growth and opportunities and is included in market expectations and customer forecasts. This topic is reflected in particular in assumptions for impairment tests in accordance with IAS 36 and IFRS 15.
In the corporate planning, which serves as the basis for the impairment tests, the climate-relevant opportunities and risks are taken into account on the basis of the best possible estimate based on the information available on the balance sheet date.
Climate-related aspects are also taken into account in cash flow planning, as these are based on customers' rate plans as well as market and customer forecasts, which of course also take into account customer expectations regarding climate change and its impact on the aviation industry. In addition, FACC also reflects climate-related uncertainties by holding regular market discussions with the division heads, summarizing market data and customer forecasts and estimating the planned rates per aircraft platform, which are then ultimately incorporated into the budget and medium-term planning.
When assessing the need for impairment, the company distinguishes between impairment tests in accordance with IFRS 15 for contract fulfillment costs, whereby tests are carried out at the level of individual or joint projects (same aircraft type, etc.), and impairment tests in accordance with IAS 36 at the level of cash-generating units (segments).
Based on current developments and measures, no indicators of potential impairment of existing assets at the level of the cash-generating units (segments) have been identified.
Contract costs were tested for impairment in the course of the financial year to the extent that there were indications of impairment, such as expected losses within the framework of multi-year planning. The assessment of the recoverability of development projects is based on the discounted cash flow method. The cash flows determined for future financial years at project level are discounted using the WACC and compared with the project-related capitalized costs. The result of the impairment test is heavily dependent on the expected cash surpluses of the respective projects, including the associated series deliveries, as well as the cost of capital rate used. With regard to these parameters, management makes estimates and forward-looking assumptions (in particular material and personnel cost trends) about the expected cash surpluses and cost of capital rates in the planning periods. For the years of specific development projects beyond the detailed planning period, the planning assumptions of the last planning year are extrapolated, limited by management estimates based on external market analyses and customer forecasts. The maximum term is 20 years. The estimates are made to the best of our knowledge and belief on a going concern basis, are based on past experience and take appropriate account of the remaining uncertainty. Changes in estimates regarding future incoming payments can have a significant impact on the value adjustment.
In order to show the effects of changing parameters in the planning calculation on the consolidated income statement, a sensitivity analysis is carried out for the impairment test in accordance with IFRS 15. The planning assumptions made for the impairment test and the sensitivity analysis are explained in Note 24 - Contract costs.
The impairment of trade receivables, receivables from customer-related engineering and contract assets (in accordance with IFRS 9) is determined on an individual basis, taking into account expected future incoming payments. In this context, estimation uncertainties result from changes in estimates of future incoming payments, which can lead to significant changes in the value adjustment. In addition, the forward-looking model of expected credit losses specified in IFRS 9 is used. This requires considerable discretionary decisions regarding the extent to which expected credit losses are influenced by changes in economic factors. This assessment is determined on the basis of weighted probabilities.
Impairment tests are performed whenever there are signs of impairment. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are reversed up to the amortized cost of the asset.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-330": { "value": "
Impairment of assets
The issue of sustainability is reflected in particular in market growth and opportunities and is included in market expectations and customer forecasts. This topic is reflected in particular in assumptions for impairment tests in accordance with IAS 36 and IFRS 15.
In the corporate planning, which serves as the basis for the impairment tests, the climate-relevant opportunities and risks are taken into account on the basis of the best possible estimate based on the information available on the balance sheet date.
Climate-related aspects are also taken into account in cash flow planning, as these are based on customers' rate plans as well as market and customer forecasts, which of course also take into account customer expectations regarding climate change and its impact on the aviation industry. In addition, FACC also reflects climate-related uncertainties by holding regular market discussions with the division heads, summarizing market data and customer forecasts and estimating the planned rates per aircraft platform, which are then ultimately incorporated into the budget and medium-term planning.
When assessing the need for impairment, the company distinguishes between impairment tests in accordance with IFRS 15 for contract fulfillment costs, whereby tests are carried out at the level of individual or joint projects (same aircraft type, etc.), and impairment tests in accordance with IAS 36 at the level of cash-generating units (segments).
Based on current developments and measures, no indicators of potential impairment of existing assets at the level of the cash-generating units (segments) have been identified.
Contract costs were tested for impairment in the course of the financial year to the extent that there were indications of impairment, such as expected losses within the framework of multi-year planning. The assessment of the recoverability of development projects is based on the discounted cash flow method. The cash flows determined for future financial years at project level are discounted using the WACC and compared with the project-related capitalized costs. The result of the impairment test is heavily dependent on the expected cash surpluses of the respective projects, including the associated series deliveries, as well as the cost of capital rate used. With regard to these parameters, management makes estimates and forward-looking assumptions (in particular material and personnel cost trends) about the expected cash surpluses and cost of capital rates in the planning periods. For the years of specific development projects beyond the detailed planning period, the planning assumptions of the last planning year are extrapolated, limited by management estimates based on external market analyses and customer forecasts. The maximum term is 20 years. The estimates are made to the best of our knowledge and belief on a going concern basis, are based on past experience and take appropriate account of the remaining uncertainty. Changes in estimates regarding future incoming payments can have a significant impact on the value adjustment.
In order to show the effects of changing parameters in the planning calculation on the consolidated income statement, a sensitivity analysis is carried out for the impairment test in accordance with IFRS 15. The planning assumptions made for the impairment test and the sensitivity analysis are explained in Note 24 - Contract costs.
The impairment of trade receivables, receivables from customer-related engineering and contract assets (in accordance with IFRS 9) is determined on an individual basis, taking into account expected future incoming payments. In this context, estimation uncertainties result from changes in estimates of future incoming payments, which can lead to significant changes in the value adjustment. In addition, the forward-looking model of expected credit losses specified in IFRS 9 is used. This requires considerable discretionary decisions regarding the extent to which expected credit losses are influenced by changes in economic factors. This assessment is determined on the basis of weighted probabilities.
Impairments are recognized to profit or loss for all financial instruments. If the underlying cause of the impairment no longer applies, a reversal of the impairment loss is recognized to profit or loss.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-331": { "value": "
When assessing the need for impairment, the company distinguishes between impairment tests in accordance with IFRS 15 for contract fulfillment costs, whereby tests are carried out at the level of individual or joint projects (same aircraft type, etc.), and impairment tests in accordance with IAS 36 at the level of cash-generating units (segments).
Based on current developments and measures, no indicators of potential impairment of existing assets at the level of the cash-generating units (segments) have been identified.
Contract costs were tested for impairment in the course of the financial year to the extent that there were indications of impairment, such as expected losses within the framework of multi-year planning. The assessment of the recoverability of development projects is based on the discounted cash flow method. The cash flows determined for future financial years at project level are discounted using the WACC and compared with the project-related capitalized costs. The result of the impairment test is heavily dependent on the expected cash surpluses of the respective projects, including the associated series deliveries, as well as the cost of capital rate used. With regard to these parameters, management makes estimates and forward-looking assumptions (in particular material and personnel cost trends) about the expected cash surpluses and cost of capital rates in the planning periods. For the years of specific development projects beyond the detailed planning period, the planning assumptions of the last planning year are extrapolated, limited by management estimates based on external market analyses and customer forecasts. The maximum term is 20 years. The estimates are made to the best of our knowledge and belief on a going concern basis, are based on past experience and take appropriate account of the remaining uncertainty. Changes in estimates regarding future incoming payments can have a significant impact on the value adjustment.
In order to show the effects of changing parameters in the planning calculation on the consolidated income statement, a sensitivity analysis is carried out for the impairment test in accordance with IFRS 15. The planning assumptions made for the impairment test and the sensitivity analysis are explained in Note 24 - Contract costs.
The impairment of trade receivables, receivables from customer-related engineering and contract assets (in accordance with IFRS 9) is determined on an individual basis, taking into account expected future incoming payments. In this context, estimation uncertainties result from changes in estimates of future incoming payments, which can lead to significant changes in the value adjustment. In addition, the forward-looking model of expected credit losses specified in IFRS 9 is used. This requires considerable discretionary decisions regarding the extent to which expected credit losses are influenced by changes in economic factors. This assessment is determined on the basis of weighted probabilities.
Impairment tests are performed whenever there are signs of impairment. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are reversed up to the amortized cost of the asset.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-332": { "value": "
Provisions
Obligations relating to environmental and climate protection that would have required the recognition of a provision or the disclosure of a contingent liability could not be identified as at the reporting date. In connection with personnel-related provisions, non-financial targets relevant to remuneration, such as specific CO2 emissions, were assessed and taken into account in the corresponding bonus provisions.
Provisions for warranties are determined according to a standardized process. These risks are calculated by the division heads at each balance sheet date and are then assessed by management. Where a risk has to be taken into account, the respective area of responsibility must make the best possible estimate of the provision to be recognized on the basis of empirical values and individual assessments. Provisions are regularly adjusted to incorporate new findings.
Within the framework of customer and supplier contracts, estimates must also be made with regard to the outcome of disputes regarding additional claims on the part of FACC and counterclaims of the customer and supplier. These are partially dependent on the outcome of legal disputes. Subsequent claims are only recognized in exceptional cases if an external legal opinion exists that confirms the enforceability of the amount and reason for the subsequent claim with a very high probability. Provisions are also recognized on the basis of the legal opinions obtained to assess the risks from counterclaims of a significant amount, taking into account all opportunities and risks.
Employee benefit obligations (IAS\u00a019)
Defined benefit plans
Defined benefit plans relate to Austrian termination benefit obligations towards employees whose employment was established on or before 31\u00a0December\u00a02002.
This provision is calculated using the projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and calculates the present value of future payments over the employees\u2019 estimated working lives. The calculation is performed by an actuary by means of actuarial reports for the respective balance sheet date.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized in other comprehensive income in equity for the period in which they arise.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
The expected settlement amount is recognized for termination benefit obligations towards members of the Management Board of FACC\u00a0AG as agreed in individual contracts.
Defined contribution plans
Defined contribution plans are in place in Austria for employees whose employment was established after 31\u00a0December\u00a02002 due to statutory obligations and for individual contractual pension agreements.
The Group\u2019s sole obligation is to pay the defined contributions. These are recognized as expenses in the period for which they are paid.
Other non-current employee benefit obligations
Under collective bargaining agreements, the Group is obliged to pay employees an anniversary bonus of one month\u2019s salary or one month\u2019s wages upon reaching 25 years of service.
This provision is determined by an actuary using actuarial reports in accordance with the projected unit credit method for the respective balance sheet date.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized to profit or loss in the period in which they arise.
Other provisions (IAS\u00a037)
Other provisions are recognized at the expected settlement amount. Non-current provisions are discounted provided the discounting effect is substantial and the discounting period can be reliably estimated.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-333": { "value": "
\u201cSlow-moving\u201d inventory items, which are classified according to product groups, are subject to specific write-downs.
Inventories (IAS\u00a02)
Inventories are measured at the lower value of procurement cost or manufacturing cost and net realizable value. Inventories are valued using the moving average price method. When determining the manufacturing costs, the directly attributable costs and reasonable portions of overhead costs, including amortization, are included on the assumption of normal capacity utilization.
The net realizable value results from the expected sales revenues of the items less the outstanding production and distribution costs determined on the basis of empirical values. Price decreases in the replacement costs are generally taken into account when calculating the net sales price.
Inventories are written down in the case of reduced net selling prices or long storage periods. So-called slow-moving inventory items, which are classified according to product groups, are subject to specific write-downs.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-334": { "value": "
Employee benefit obligations are determined on the basis of actuarial calculations made by actuaries. Actuarial valuations are based on assumptions about discount rates, future wage and salary increases and mortality rates. When determining the appropriate discount rate, management bases its calculations on long-term market interest rates. The applied mortality rate is derived from publicly available mortality tables in the respective country. Future wage and salary increases are calculated on the basis of expected future inflation rates for the respective country. All assumptions are reviewed and evaluated at each balance sheet date. Further details on the assumptions made and sensitivities are given in Note\u00a034 \u2013 Employee benefit obligations.
Employee benefit obligations (IAS\u00a019)
Defined benefit plans
Defined benefit plans relate to Austrian termination benefit obligations towards employees whose employment was established on or before 31\u00a0December\u00a02002.
This provision is calculated using the projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and calculates the present value of future payments over the employees\u2019 estimated working lives. The calculation is performed by an actuary by means of actuarial reports for the respective balance sheet date.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized in other comprehensive income in equity for the period in which they arise.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
The expected settlement amount is recognized for termination benefit obligations towards members of the Management Board of FACC\u00a0AG as agreed in individual contracts.
Defined contribution plans
Defined contribution plans are in place in Austria for employees whose employment was established after 31\u00a0December\u00a02002 due to statutory obligations and for individual contractual pension agreements.
The Group\u2019s sole obligation is to pay the defined contributions. These are recognized as expenses in the period for which they are paid.
Other non-current employee benefit obligations
Under collective bargaining agreements, the Group is obliged to pay employees an anniversary bonus of one month\u2019s salary or one month\u2019s wages upon reaching 25 years of service.
This provision is determined by an actuary using actuarial reports in accordance with the projected unit credit method for the respective balance sheet date.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized to profit or loss in the period in which they arise.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-335": { "value": "
7.
Business segments
Segment reporting follows the internal management and reporting of FACC\u00a0AG (according to IFRS). The earnings before interest and taxes (EBIT) are the key performance indicator used to steer the business segments and are reported to the responsible corporate body (Management Board of FACC\u00a0AG).
Due to different applications of the products, three operating segments were identified, which also represent the reportable segments:
\u2022
Aerostructures: development, production, distribution and repair of structural components
\u2022
Engines & Nacelles: development, production, distribution and repair of engine components
\u2022
Cabin Interiors: development, production, distribution and repair of interior furnishing
In addition to the three operating segments, the Group also comprises the central services Finance and Controlling, Human Resources, Legal, Quality Assurance, Research & Development, Communication & Marketing, Purchasing and IT (including Engineering Services). The central services support the operating segments in fulfilling their duties within the framework of a matrix organization. Their earnings and outlays are allocated to the three segments using a specific method.
\u00a0
Aerostructures
Engines & Nacelles
Cabin Interiors
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
Financial year 2024
\u00a0
\u00a0
\u00a0
\u00a0
Revenues
350,106
157,627
376,789
884,523
COGS - Cost of Goods sold
\u2013312,699
\u2013128,847
\u2013352,441
\u2013793,987
Earnings before interest and taxes (EBIT)
15,423
19,122
\u20136,212
28,332
Investments
12,161
2,556
10,093
24,811
Depreciation, amortization and impairment
\u201310,835
\u20134,940
\u20138,233
\u201324,008
Assets on 31\u00a0December 2024
284,395
115,292
310,845
710,532
of which non-current assets 31\u00a0December 2024
121,983
37,806
106,129
265,919
\u00a0
Aerostructures
Engines & Nacelles
Cabin Interiors
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
Financial year 2025
\u00a0
\u00a0
\u00a0
\u00a0
Revenues
345,100
180,217
459,088
984,405
COGS - Cost of Goods sold
\u2013317,785
\u2013148,063
\u2013413,360
\u2013879,208
Earnings before interest and taxes (EBIT)
7,208
21,802
13,314
42,325
Investments
8,599
8,496
4,999
22,094
Depreciation, amortization and impairment
\u201311,403
\u20135,047
\u20139,234
\u201325,684
Assets on 31\u00a0December 2025
249,563
132,250
300,015
681,828
of which non-current assets 31\u00a0December 2025
116,539
42,977
92,811
252,327
Total segment revenues represent external revenues generated from external parties. Revenues broken down by geographical area are presented according to the location of the customer in Note\u00a08\u00a0\u2013 Revenues.
For the financial year ending 31\u00a0December 2025, the Group generated revenues of kEUR\u00a0455,167 (previous year: kEUR\u00a0428,145 with two customer) with one external customer, of which exceeded 10 percent of total revenues. Sales revenues were generated from these customers in all three segments.
The non-current assets (intangible assets, property, plant and equipment, receivables from customer-related engineering, contract assets and contract costs) are located mainly in Austria, as in the previous year. One part is located in Croatia.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-336": { "value": "
8.
Revenues
Revenues from contracts with customers are generated through the production of aircraft components, engineering services and other services in connection with the production of aircraft components. Revenues by type, segment and geographical area are presented below:
\u00a0
2024
2025
2024
2025
2024
2025
2024
2025
\u00a0
Aero-
structures
EUR'000
Aero-
structures
EUR'000
Engines & Nacelles
EUR'000
Engines & Nacelles
EUR'000
Cabin
Interiors
EUR'000
Cabin
Interiors
EUR'000
Total

EUR'000
Total

EUR'000
Production
315,737
327,705
133,675
156,359
354,292
422,938
803,704
907,002
Engineering and services
34,369
17,396
23,952
23,858
22,497
36,150
80,819
77,403
\u00a0
350,106
345,100
157,627
180,217
376,789
459,088
884,523
984,405
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Germany
323,298
354,938
USA
138,850
149,717
Canada
145,931
139,899
Great Britain
102,215
116,795
China
50,175
79,031
Brazil
48,013
65,898
Other countries
76,042
78,127
\u00a0
884,523
984,405
The FACC Group recognizes revenue from the sale of products as well as from development and other services almost exclusively for a specific point in time.
While trade receivables usually have payment periods of up to 90 days, some receivables from customer-related engineering as well as contract assets are subject to payment schedules including milestone payments.
Expected future sales for performance obligations not fulfilled (or partially not fulfilled) in the reporting period under existing contracts amount to kEUR 0 (previous year: kEUR 0). These performance obligations refer to fixed orders of shipsets still to be delivered or services still to be provided.
Contract liabilities relates to advance payments from customers for tool and development activities, the costs of which are capitalized as part of customer-related development services. The amount of kEUR 24,562 (previous year: kEUR 24,096) reported under contract liabilities at the beginning of the period was recognized as sales revenue of kEUR 28,334 (previous year: kEUR 43,584) in the 2025 financial year.
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
\u00a0
Receivables

31.12.2024
EUR'000
Liabilities

31.12.2024
EUR'000
Revenues and other income
2024
EUR'000
Expenses

2024
EUR'000
Parent company
0
0
0
0
Other related companies
18,404
0
43,519
30,774
Companies over which the parent company exercises control
5,633
10,312
8,484
8,364
\u00a0
24,038
10,312
52,003
39,137
\u00a0
Receivables

31.12.2025
EUR'000
Liabilities

31.12.2025
EUR'000
Revenues and other income
2025
EUR'000
Expenses

2025
EUR'000
Parent company
0
0
0
0
Other related companies
27,502
0
68,719
43,268
Companies over which the parent company exercises control
6,197
20,203
12,016
12,076
\u00a0
33,699
20,203
80,735
55,344
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-337": { "value": "
8.
Revenues
Revenues from contracts with customers are generated through the production of aircraft components, engineering services and other services in connection with the production of aircraft components. Revenues by type, segment and geographical area are presented below:
\u00a0
2024
2025
2024
2025
2024
2025
2024
2025
\u00a0
Aero-
structures
EUR'000
Aero-
structures
EUR'000
Engines & Nacelles
EUR'000
Engines & Nacelles
EUR'000
Cabin
Interiors
EUR'000
Cabin
Interiors
EUR'000
Total

EUR'000
Total

EUR'000
Production
315,737
327,705
133,675
156,359
354,292
422,938
803,704
907,002
Engineering and services
34,369
17,396
23,952
23,858
22,497
36,150
80,819
77,403
\u00a0
350,106
345,100
157,627
180,217
376,789
459,088
884,523
984,405
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Germany
323,298
354,938
USA
138,850
149,717
Canada
145,931
139,899
Great Britain
102,215
116,795
China
50,175
79,031
Brazil
48,013
65,898
Other countries
76,042
78,127
\u00a0
884,523
984,405
The FACC Group recognizes revenue from the sale of products as well as from development and other services almost exclusively for a specific point in time.
While trade receivables usually have payment periods of up to 90 days, some receivables from customer-related engineering as well as contract assets are subject to payment schedules including milestone payments.
Expected future sales for performance obligations not fulfilled (or partially not fulfilled) in the reporting period under existing contracts amount to kEUR 0 (previous year: kEUR 0). These performance obligations refer to fixed orders of shipsets still to be delivered or services still to be provided.
22.
Receivables from customer-related engineering
The development of receivables from customer-related engineering is as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,525
24,518
Changes in estimates
64
\u201376
Partial settlements
\u20133,143
\u20133,859
Valuation allowance
3
2
Interest
790
850
Additions
867
8,293
Currency translation
1,411
\u20133,309
\u00a0
24,518
26,418
\u00a0
The impairment of receivables from customer-related engineering developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
9
6
Additions
0
0
Reversal/use
\u20133
\u20132
\u00a0
6
4
23.
Contract assets
Contract assets can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Development projects (period-related)
0
0
Payment to customers
7,045
5,856
\u00a0
7,045
5,856
The development of contract assets can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
6,315
7,045
Changes in estimates
0
\u2013272
Additions and Partial profit
205
0
Partial settlements
\u2013114
\u2013314
Interest
225
215
Currency translation
414
\u2013818
\u00a0
7,045
5,856
24.
Contract costs
Contract costs can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
61,118
50,456
Additions
3,899
648
Amortization contract costs
\u201314,561
\u201312,756
\u00a0
50,456
38,348
Additions relate exclusively to ongoing development projects and do not result from contract initiation.
As of 31 December 2025, the indicators according to IFRS 15.101 regarding the performance of an impairment test were identified. This resulted in a requirement to perform an impairment test as of 31 December 2025. This did not result in any impairment requirement.
The sensitivity analysis had shown that, depending on the development of the key valuation parameters, no impairment losses would have resulted:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Increase of discount rate by
100 basis points
\u20131
0
Increase personal costs by
50 percentage points
0
0
Increase material costs by
50 percentage points
0
\u2013422
28.
Customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
23,675
23,393
Additions
22,759
25,121
Disposals
\u201323,041
\u201326,394
\u00a0
23,393
22,120
Customer-related engineering recorded as material expenses in the reporting period amounted to kEUR\u00a015,746 (previous year: kEUR\u00a012,692).
It is expected that customer-related engineering with a carrying amount of kEUR 3,661 (previous year: kEUR 3,661) will only be realized after a period of twelve months.
No customer-related engineering was assigned or pledged as collateral to secure financial instruments.
36.
Contract liabilities from customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,096
24,562
Increase
44,049
15,883
Reduction
\u201343,584
\u201328,334
\u00a0
24,562
12,111
Contract liabilities relates to advance payments from customers for tool and development activities, the costs of which are capitalized as part of customer-related development services. The amount of kEUR 24,562 (previous year: kEUR 24,096) reported under contract liabilities at the beginning of the period was recognized as sales revenue of kEUR 28,334 (previous year: kEUR 43,584) in the 2025 financial year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-338": { "value": "
9.
Cost of goods sold
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013540,522
\u2013610,592
Personnel costs
\u2013218,275
\u2013229,931
Depreciation and amortization
\u201317,428
\u201318,940
General operating expenses
\u201317,761
\u201319,745
\u00a0
\u2013793,987
\u2013879,208
\u00a0
10.
Research and technology expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013423
\u2013420
Personnel costs
\u20131,796
\u20131,392
Depreciation and amortization
\u2013272
\u2013273
General operating expenses
\u2013278
\u2013404
\u00a0
\u20132,769
\u20132,489
\u00a0
11.
Selling expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013631
\u20131,191
Personnel costs
\u20135,869
\u20136,562
Depreciation and amortization
\u2013137
\u2013123
General operating expenses
\u20131,991
\u20131,140
\u00a0
\u20138,627
\u20139,016
\u00a0
12.
Administration expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u20131,601
\u20131,476
Personnel costs
\u201327,814
\u201329,768
Depreciation and amortization
\u20136,171
\u20136,349
Effects from foreign exchange rates
1,161
\u20132,122
General operating expenses
\u201326,129
\u201319,345
\u00a0
\u201360,554
\u201359,060
The general operating expenses relate primarily to consulting and IT expenses.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-339": { "value": "
9.
Cost of goods sold
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013540,522
\u2013610,592
Personnel costs
\u2013218,275
\u2013229,931
Depreciation and amortization
\u201317,428
\u201318,940
General operating expenses
\u201317,761
\u201319,745
\u00a0
\u2013793,987
\u2013879,208
\u00a0
10.
Research and technology expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013423
\u2013420
Personnel costs
\u20131,796
\u20131,392
Depreciation and amortization
\u2013272
\u2013273
General operating expenses
\u2013278
\u2013404
\u00a0
\u20132,769
\u20132,489
\u00a0
11.
Selling expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013631
\u20131,191
Personnel costs
\u20135,869
\u20136,562
Depreciation and amortization
\u2013137
\u2013123
General operating expenses
\u20131,991
\u20131,140
\u00a0
\u20138,627
\u20139,016
\u00a0
12.
Administration expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u20131,601
\u20131,476
Personnel costs
\u201327,814
\u201329,768
Depreciation and amortization
\u20136,171
\u20136,349
Effects from foreign exchange rates
1,161
\u20132,122
General operating expenses
\u201326,129
\u201319,345
\u00a0
\u201360,554
\u201359,060
The general operating expenses relate primarily to consulting and IT expenses.\u00a0
14.
Other operating expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Expenses from government grants
\u2013825
\u2013402
Derecognition of assets
\u20131,165
\u2013160
Expenses arising in connection with damages
\u2013224
0
Other
\u20131,596
\u20131,590
\u00a0
\u20133,811
\u20132,152
15.
Personnel costs
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Wages and salaries
\u2013200,266
\u2013211,138
Expenses for statutory, compulsory social security contributions and benefits
\u201345,464
\u201347,538
Expenses for termination benefits and benefits to corporate employee pension funds
\u20133,055
\u20133,250
Pensions
\u20131,146
\u20131,140
Other social expenses
\u20133,822
\u20134,587
\u00a0
\u2013253,754
\u2013267,654
Expenses for termination benefits and benefits to corporate employee pension funds include payments to corporate employee pension funds of kEUR 2,533 (previous year: kEUR 2,405).
The number of full-time equivalent employees on the balance sheet date was as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
Number
Number
Blue collar
2,475
2,536
White collar
1,375
1,371
\u00a0
3,850
3,907
Of which in Austria
3,059
3,074
Of which abroad
791
833
\u00a0
16.
Depreciation
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Intangible assets
\u20132,055
\u20132,048
Property, plant and equipment
\u201321,953
\u201323,636
\u00a0
\u201324,008
\u201325,684
\u00a0
Please refer to Note 20 \u2013 Intangible assets and Note\u00a021 \u2013 Property, plant and equipment for information on the development of depreciation and amortization.
17.
Financial result
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
Other interest and similar expenses primarily include factoring costs of kEUR 7,444 (previous year: kEUR 6,972), bank processing fees, loan commitment fees and guarantee and liability fees of kEUR 2,173 (previous year: kEUR 2,300).
The financial result is broken down according to the categories of IFRS\u00a09 as follows:
31\u00a0December 2024
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013837
\u201311,851
0
539
0
\u201312,148
Financial liabilities at amortized costs
0
15,992
0
\u201313,077
0
2,915
Fair-Value through profit and loss
0
0
\u201311,097
0
0
\u201311,097
Fair value through other comprehensive income
0
0
0
11
0
11
31\u00a0December 2025
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013204
\u20137,881
0
3,453
0
\u20134,632
Financial liabilities at amortized costs
0
8,406
0
\u20139,938
0
\u20131,532
Fair-Value through profit and loss
0
0
12,209
0
0
12,209
Fair value through other comprehensive income
0
0
0
11
0
11
\u00a0
18.
Income taxes and deferred tax assets/liabilities
Recorded income taxes include both taxes on income paid or owed by the individual companies as well as deferred taxes.
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Current taxes ongoing
\u20131,044
\u20132,106
Deferred taxes
2,454
\u20131,963
\u00a0
1,410
\u20134,069
The reasons for the difference between the Austrian corporate tax rate of 23 percent (previous year: 23 percent) valid in the 2025 financial year and the recorded group taxation rate are as follows:
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Income before taxes
4,945
25,253
Calculated income taxes 23%
\u20131,137
\u20135,808
\u00a0
\u00a0
\u00a0
Deviating foreign tax rates
\u20132
152
Change in loss carry forwards, deferred tax assets
\u201328
0
Tax-free income
1,650
1,901
Expenses that cannot be deducted for tax purposes
\u2013208
\u2013821
Minimum corporate tax and withholding taxes
0
\u2013220
Tax effect from previous years
1,065
458
Change permanent difference
110
220
Other effects
\u201339
48
Reported income tax expense/income
1,410
\u20134,069
Effective tax rate in %
\u201328.5%
16.1%
Deferred taxes are calculated on the basis of the tax rates that are in force or announced in the individual countries according to the current legal situation. In Austria, a corporate tax rate of 23 percent applies. For foreign companies, deferred taxes are calculated on the basis of the corresponding country-specific tax rates. In the 2025 financial year, these ranged from 21 percent to 28 percent (previous year: 24.5 percent to 28 percent).
The Minimum Taxation Act (MinBestG), which will apply in Austria from 1 January 2024, transposes the OECD model rules and the EU Directive to ensure global minimum taxation for groups of companies (Pillar Two) into Austrian law. Numerous other countries have already introduced corresponding minimum taxation regulations in accordance with Pillar Two. Of the countries in which FACC subsidiaries are domiciled, only China and the USA have not yet taken specific implementation measures.
In accordance with the minimum taxation rules, the ultimate parent company of FACC AG and its subsidiaries is Aviation Industry Corporation of China Cabin Systems Co. Limited (AVIC), based in Hong Kong. The effects of the global minimum taxation rules on the FACC Group are evaluated on an ongoing basis. Based on a preliminary calculation for the 2025 financial year, the temporary safe harbor regulations will not have any material effects on the FACC Group's income taxes for the 2025 financial year. Current taxes from the minimum taxation provisions are recognized as current tax in accordance with IAS 12, whereby no corresponding taxes were to be recognized in the 2025 financial year.
The temporary, mandatory exemption from the recognition of deferred taxes resulting from the introduction of global minimum taxation was applied by the Group.
The taxes recorded in the other comprehensive income are as follows:
\u00a0
2024
2025
\u00a0
Gross

EUR'000
Tax

EUR'000
Net

EUR'000
Gross

EUR'000
Tax

EUR'000
Net

EUR'000
Fair value measurement of securities
10
\u20132
8
2
0
2
Cash flow hedges
\u201315,873
3,651
\u201312,223
16,078
\u20133,698
12,380
Cost of Hedging
1,140
\u2013262
878
\u2013381
88
\u2013293
Revaluation effects of termination benefits
53
\u201315
38
858
\u2013181
677
\u00a0
\u201314,670
3,372
\u201311,299
16,558
\u20133,792
12,765

Deferred taxes developed as follows:
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024
\u00a0
As of
01.01.2024

EUR'000
Change in profit and loss
EUR'000
Change in other comprehensive income
EUR'000
Net


EUR'000
Deferred tax assets

EUR'000
Deferred tax liabilities

EUR'000
Intangible assets
\u201394
88
0
\u20136
0
\u20136
Property, plant and equipment
\u201312,573
\u2013640
0
\u201313,213
0
\u201313,213
Receivables from customer-related engineering
\u20135,997
\u2013273
0
\u20136,270
0
\u20136,270
Contract assets
\u20131,452
\u2013168
0
\u20131,620
0
\u20131,620
Contract costs
\u201314,057
2,452
0
\u201311,605
0
\u201311,605
Other financial assets
329
146
\u20132
473
473
0
Trade receivables
0
12
0
12
12
0
Inventories
4,505
1,054
0
5,559
5,559
0
Other receivables and deferred items
\u2013110
\u20132,986
0
\u20133,096
0
\u20133,096
Employee benefit obligations
702
58
\u201315
745
745
0
Provisions
\u2013127
127
0
0
0
0
Trade payables
\u20131,111
2,035
0
923
923
0
Financial liabilities
16,483
681
0
17,164
17,164
0
Derivative financial instruments
0
722
3,389
4,110
4,110
0
Other assets (incl. cash and cash equivalents)
\u2013380
428
0
48
48
0
Other liabilities
\u2013177
321
0
144
144
0
Tax loss carry forwards
40,457
\u20131,601
0
38,856
38,856
0
Tax assets (liabilities) before netting
26,397
2,454
3,372
32,222
68,034
\u201335,811
Netting of taxes
\u00a0
\u00a0
\u00a0
\u00a0
\u201335,538
35,538
Net tax assets (liabilities)
26,397
2,454
3,372
32,222
32,496
\u2013273
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2025
\u00a0
As of
01.01.2025

EUR'000
Change in profit and loss
EUR'000
Change in other comprehensive income
EUR'000
Net


EUR'000
Deferred tax assets

EUR'000
Deferred tax liabilities

EUR'000
Intangible assets
\u20136
34
0
28
28
0
Property, plant and equipment
\u201313,213
499
0
\u201312,714
0
\u201312,714
Receivables from customer-related engineering
\u20136,270
1,072
0
\u20135,198
0
\u20135,198
Contract assets
\u20131,620
274
0
\u20131,347
0
\u20131,347
Contract costs
\u201311,605
2,785
0
\u20138,820
0
\u20138,820
Other financial assets
473
59
0
532
532
0
Trade receivables
12
\u201312
0
0
0
0
Inventories
5,559
\u20131,522
0
4,037
4,037
0
Other receivables and deferred items
\u20133,096
1,751
0
\u20131,345
0
\u20131,345
Employee benefit obligations
745
\u201379
\u2013181
484
484
0
Provisions
0
\u00a0
0
0
0
0
Trade payables
923
\u20131,729
0
\u2013805
0
\u2013805
Financial liabilities
17,164
\u2013707
0
16,457
16,457
0
Derivative financial instruments
4,110
\u2013500
\u20133,610
0
0
0
Other assets (incl. cash and cash equivalents)
48
\u2013121
0
\u201374
0
\u201374
Other liabilities
144
\u2013367
0
\u2013223
0
\u2013223
Tax loss carry forwards
38,856
\u20133,401
0
35,455
35,455
0
Tax assets (liabilities) before netting
32,222
\u20131,963
\u20133,792
26,467
56,993
\u201330,526
Netting of taxes
\u00a0
\u00a0
\u00a0
\u00a0
\u201330,421
30,421
Net tax assets (liabilities)
32,222
\u20131,963
\u20133,792
26,467
26,572
\u2013105
The capitalized loss carryforwards originate from FACC Operations GmbH amounting to kEUR\u00a0154,151 as of 31\u00a0December 2025(previous year: kEUR\u00a0160,487) and from FACC AG amounting to kEUR 6,265 (previous year: kEUR 8,453). Based on the tax planning calculation, deferred tax assets were recognized for all loss carryforwards in the 2025 financial year. The realization of the capitalized loss carryforwards can be considered sufficiently certain on the basis of medium-term planning.
No deferred tax assets were recognized for losses of foreign subsidiaries in the amount of kEUR 158 (previous year: kEUR 16).
As of 31\u00a0December 2025, there were temporary differences in connection with shares in subsidiaries (\u201coutside basis differences\u201d) amounting to kEUR\u00a04,079 (previous year: kEUR\u00a03,687), for which no deferred tax liabilities were recognized in accordance with IAS\u00a012.39. This is because FACC\u00a0AG is in a position to control the development over time, and because these temporary differences will not be eliminated in the near future.
Deferred tax liabilities result from the financial statements of foreign subsidiaries and are owed to foreign tax authorities.
\u00a0
Receivables

31.12.2024
EUR'000
Liabilities

31.12.2024
EUR'000
Revenues and other income
2024
EUR'000
Expenses

2024
EUR'000
Parent company
0
0
0
0
Other related companies
18,404
0
43,519
30,774
Companies over which the parent company exercises control
5,633
10,312
8,484
8,364
\u00a0
24,038
10,312
52,003
39,137
\u00a0
Receivables

31.12.2025
EUR'000
Liabilities

31.12.2025
EUR'000
Revenues and other income
2025
EUR'000
Expenses

2025
EUR'000
Parent company
0
0
0
0
Other related companies
27,502
0
68,719
43,268
Companies over which the parent company exercises control
6,197
20,203
12,016
12,076
\u00a0
33,699
20,203
80,735
55,344
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-340": { "value": "
9.
Cost of goods sold
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013540,522
\u2013610,592
Personnel costs
\u2013218,275
\u2013229,931
Depreciation and amortization
\u201317,428
\u201318,940
General operating expenses
\u201317,761
\u201319,745
\u00a0
\u2013793,987
\u2013879,208
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-341": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013540,522
\u2013610,592
Personnel costs
\u2013218,275
\u2013229,931
Depreciation and amortization
\u201317,428
\u201318,940
General operating expenses
\u201317,761
\u201319,745
\u00a0
\u2013793,987
\u2013879,208
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013423
\u2013420
Personnel costs
\u20131,796
\u20131,392
Depreciation and amortization
\u2013272
\u2013273
General operating expenses
\u2013278
\u2013404
\u00a0
\u20132,769
\u20132,489
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013631
\u20131,191
Personnel costs
\u20135,869
\u20136,562
Depreciation and amortization
\u2013137
\u2013123
General operating expenses
\u20131,991
\u20131,140
\u00a0
\u20138,627
\u20139,016
12.
Administration expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u20131,601
\u20131,476
Personnel costs
\u201327,814
\u201329,768
Depreciation and amortization
\u20136,171
\u20136,349
Effects from foreign exchange rates
1,161
\u20132,122
General operating expenses
\u201326,129
\u201319,345
\u00a0
\u201360,554
\u201359,060
The general operating expenses relate primarily to consulting and IT expenses.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-342": { "value": "
10.
Research and technology expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Material expenses
\u2013423
\u2013420
Personnel costs
\u20131,796
\u20131,392
Depreciation and amortization
\u2013272
\u2013273
General operating expenses
\u2013278
\u2013404
\u00a0
\u20132,769
\u20132,489
\u00a0
Research and technology expenses totaled kEUR 59,984 in Financial year 2025 (previous year: kEUR 62,607) and comprised company-related research services amounting to kEUR 2,489 (previous year: kEUR 2,769) and customer-related development services amounting to kEUR 57,495 (previous year: kEUR 59,838).
", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-343": { "value": "
13.
Other operating income
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Income from public funding and tax-free grants
9,287
8,230
Income from claim settlements
649
189
Other
3,624
1,426
\u00a0
13,559
9,845
Income from public funding and tax-free grants mainly relates to loss compensation and the research premium.
14.
Other operating expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Expenses from government grants
\u2013825
\u2013402
Derecognition of assets
\u20131,165
\u2013160
Expenses arising in connection with damages
\u2013224
0
Other
\u20131,596
\u20131,590
\u00a0
\u20133,811
\u20132,152
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-344": { "value": "
13.
Other operating income
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Income from public funding and tax-free grants
9,287
8,230
Income from claim settlements
649
189
Other
3,624
1,426
\u00a0
13,559
9,845
Income from public funding and tax-free grants mainly relates to loss compensation and the research premium.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-345": { "value": "
14.
Other operating expenses
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Expenses from government grants
\u2013825
\u2013402
Derecognition of assets
\u20131,165
\u2013160
Expenses arising in connection with damages
\u2013224
0
Other
\u20131,596
\u20131,590
\u00a0
\u20133,811
\u20132,152
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-346": { "value": "
15.
Personnel costs
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Wages and salaries
\u2013200,266
\u2013211,138
Expenses for statutory, compulsory social security contributions and benefits
\u201345,464
\u201347,538
Expenses for termination benefits and benefits to corporate employee pension funds
\u20133,055
\u20133,250
Pensions
\u20131,146
\u20131,140
Other social expenses
\u20133,822
\u20134,587
\u00a0
\u2013253,754
\u2013267,654
Expenses for termination benefits and benefits to corporate employee pension funds include payments to corporate employee pension funds of kEUR 2,533 (previous year: kEUR 2,405).
The number of full-time equivalent employees on the balance sheet date was as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
Number
Number
Blue collar
2,475
2,536
White collar
1,375
1,371
\u00a0
3,850
3,907
Of which in Austria
3,059
3,074
Of which abroad
791
833
\u00a0
34.
Employee benefit obligations
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Termination benefits
8,393
7,640
Anniversary bonuses
3,426
3,178
\u00a0
11,819
10,818
In the 2026 financial year, the expected payments from termination benefit and anniversary bonus obligations towards employees will amount to kEUR 51 and kEUR 203, respectively.
Termination benefits
The net liabilities under defined benefit plans for termination benefits developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
8,139
8,393
Service cost
269
275
Interest expenses
219
255
Termination benefit payments
\u2013289
\u2013550
Revaluation effects in the period
\u201353
\u2013858
Other effects
108
125
\u00a0
8,393
7,640
Duration in years
11.85
10.66
\u00a0
The revaluation effects are composed of the following factors:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Changes in expected values
247
\u2013264
Changes in underlying demographic assumptions
0
0
Changes in underlying financial assumptions
\u2013300
\u2013594
\u00a0
\u201353
\u2013858
All legal transitional regulations relating to retirement age have been taken into account. All expenses in connection with termination benefits are recorded under \u201cCost of goods sold\u201d, \u201cResearch and technology expenses\u201d, \u201cSelling expenses\u201d as well as \u201cAdministration expenses\u201d.
The valuation is based on the following assumptions:
\u00a0
31.12.2024
31.12.2025
Discounting interest rate
3.35%
4.12%
Salary increases
3.50%
3.50%
Fluctuations of salaried staff/employees
0%/0%
0%/0%
Retirement age for women/men
65/individually
65/individually
Life expectancy
AV\u00d6 2018-P
AV\u00d6 2018-P
An increase or decrease in the discount rate or salary increase of 0.5 percentage points would change the obligation as follows:
Discounting interest rate
Decrease by 0.5 percentage points
EUR'000
Increase by 0.5 percentage points
EUR'000
Change in obligations
as of 31\u00a0December 2024
454
\u2013420
Change in obligations
as of 31\u00a0December 2025
377
\u2013351
Salary increases
Decrease by 0.5 percentage points
EUR'000
Increase by 0.5 percentage points
EUR'000
Change in obligations
as of 31\u00a0December 2024
\u2013466
467
Change in obligations
as of 31\u00a0December 2025
\u2013355
377
Anniversary bonuses
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,810
3,426
Service cost
318
395
Interest expenses
101
110
Termination benefit payments
\u201350
0
Revaluation effects in the period
247
\u2013753
\u00a0
3,426
3,178
\u00a0
All expenses in connection with anniversary bonuses are recorded under \u201cCost of goods sold\u201d, \u201cResearch and technolgy expenses\u201d, \u201cSelling expenses\u201d as well as \u201cAdministration expenses\u201d.
In the 2025 financial year, kEUR\u00a03,420 (previous year: kEUR\u00a03,244) were paid into defined contribution plans (pension fund and employee pension fund in Austria).
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-347": { "value": "
\u00a0
31.12.2024
31.12.2025
\u00a0
Number
Number
Blue collar
2,475
2,536
White collar
1,375
1,371
\u00a0
3,850
3,907
Of which in Austria
3,059
3,074
Of which abroad
791
833
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-348": { "value": "
16.
Depreciation
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Intangible assets
\u20132,055
\u20132,048
Property, plant and equipment
\u201321,953
\u201323,636
\u00a0
\u201324,008
\u201325,684
\u00a0
Please refer to Note 20 \u2013 Intangible assets and Note\u00a021 \u2013 Property, plant and equipment for information on the development of depreciation and amortization.
\u00a0
Software
Rights
Research and development costs
Advance payment on intangible assets
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
26,778
9,337
2,919
0
31,431
Changes in foreign exchange rates
22
0
0
0
22
Additions
558
24
120
599
1,301
Transfers
206
0
0
\u2013206
0
As of 31\u00a0December 2024
27,563
9,361
3,039
393
40,356
Changes in foreign exchange rates
\u2013104
0
0
0
\u2013104
Additions
61
0
16
300
377
Transfers
393
0
0
\u2013393
0
As of 31\u00a0December 2025
27,914
9,361
3,055
300
40,630
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
25,024
2,558
724
0
28,306
Changes in foreign exchange rates
17
0
0
0
17
Amortization
943
671
440
0
2,055
As of 31\u00a0December 2024
25,985
3,229
1,164
0
30,378
Changes in foreign exchange rates
\u201378
0
0
0
\u201378
Amortization
1,019
666
363
0
2,048
As of 31\u00a0December 2025
26,926
3,895
1,527
0
32,348
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
1,578
6,132
1,875
393
9,978
Carrying amount on 31\u00a0December 2025
988
5,465
1,527
300
8,281
\u00a0
Properties and buildings
Technical
facilities
Operating and office equipment
Facilities under construction
Right of Use
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
96,078
127,116
46,782
16,804
113,686
400,466
Changes in foreign exchange rates
76
0
156
0
116
349
Additions
7,032
6,688
4,325
2,735
12,553
33,334
Disposals
\u2013420
\u20131,705
\u20131,330
0
\u2013420
\u20133,875
Transfers
11,536
2,986
398
\u201314,920
0
0
As of 31\u00a0December 2024
114,303
135,085
50,331
4,620
125,935
430,274
Changes in foreign exchange rates
\u2013131
0
\u2013446
0
\u2013255
\u2013833
Additions
1,512
4,613
2,362
7,946
7,221
23,654
Disposals
0
\u20133,770
\u20135,203
0
\u20131,367
\u201310,340
Transfers
0
1,693
1,086
\u20132,779
0
0
As of 31\u00a0December 2025
115,683
137,621
48,129
9,787
131,534
442,755
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
43,825
110,623
36,381
0
45,320
236,150
Changes in foreign exchange rates
0
0
152
0
76
228
Amortization
2,813
4,653
3,976
0
10,512
21,953
Disposals
0
\u2013540
\u20131,189
0
\u2013250
\u20131,979
As of 31\u00a0December 2024
46,638
114,736
39,320
0
55,658
256,352
Changes in foreign exchange rates
\u201329
0
\u2013393
0
\u2013125
\u2013546
Amortization
3,531
5,310
3,868
0
10,927
23,636
Disposals
0
\u20133,632
\u20135,181
0
\u20131,298
\u201310,111
Transfers
\u2013643
0
643
0
0
0
As of 31\u00a0December 2025
49,497
116,414
38,257
0
65,162
269,331
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
67,665
20,349
11,011
4,620
70,277
173,922
Carrying amount on 31\u00a0December 2025
66,186
21,207
9,872
9,787
66,372
173,423
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-349": { "value": "
17.
Financial result
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
Other interest and similar expenses primarily include factoring costs of kEUR 7,444 (previous year: kEUR 6,972), bank processing fees, loan commitment fees and guarantee and liability fees of kEUR 2,173 (previous year: kEUR 2,300).
The financial result is broken down according to the categories of IFRS\u00a09 as follows:
31\u00a0December 2024
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013837
\u201311,851
0
539
0
\u201312,148
Financial liabilities at amortized costs
0
15,992
0
\u201313,077
0
2,915
Fair-Value through profit and loss
0
0
\u201311,097
0
0
\u201311,097
Fair value through other comprehensive income
0
0
0
11
0
11
31\u00a0December 2025
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013204
\u20137,881
0
3,453
0
\u20134,632
Financial liabilities at amortized costs
0
8,406
0
\u20139,938
0
\u20131,532
Fair-Value through profit and loss
0
0
12,209
0
0
12,209
Fair value through other comprehensive income
0
0
0
11
0
11
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-350": { "value": "
17.
Financial result
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
Other interest and similar expenses primarily include factoring costs of kEUR 7,444 (previous year: kEUR 6,972), bank processing fees, loan commitment fees and guarantee and liability fees of kEUR 2,173 (previous year: kEUR 2,300).
The financial result is broken down according to the categories of IFRS\u00a09 as follows:
31\u00a0December 2024
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013837
\u201311,851
0
539
0
\u201312,148
Financial liabilities at amortized costs
0
15,992
0
\u201313,077
0
2,915
Fair-Value through profit and loss
0
0
\u201311,097
0
0
\u201311,097
Fair value through other comprehensive income
0
0
0
11
0
11
31\u00a0December 2025
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013204
\u20137,881
0
3,453
0
\u20134,632
Financial liabilities at amortized costs
0
8,406
0
\u20139,938
0
\u20131,532
Fair-Value through profit and loss
0
0
12,209
0
0
12,209
Fair value through other comprehensive income
0
0
0
11
0
11
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-351": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
Other interest and similar expenses primarily include factoring costs of kEUR 7,444 (previous year: kEUR 6,972), bank processing fees, loan commitment fees and guarantee and liability fees of kEUR 2,173 (previous year: kEUR 2,300).
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
8,139
8,393
Service cost
269
275
Interest expenses
219
255
Termination benefit payments
\u2013289
\u2013550
Revaluation effects in the period
\u201353
\u2013858
Other effects
108
125
\u00a0
8,393
7,640
Duration in years
11.85
10.66
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,810
3,426
Service cost
318
395
Interest expenses
101
110
Termination benefit payments
\u201350
0
Revaluation effects in the period
247
\u2013753
\u00a0
3,426
3,178
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-352": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
Other interest and similar expenses primarily include factoring costs of kEUR 7,444 (previous year: kEUR 6,972), bank processing fees, loan commitment fees and guarantee and liability fees of kEUR 2,173 (previous year: kEUR 2,300).
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-353": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
Other interest and similar expenses primarily include factoring costs of kEUR 7,444 (previous year: kEUR 6,972), bank processing fees, loan commitment fees and guarantee and liability fees of kEUR 2,173 (previous year: kEUR 2,300).
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
8,139
8,393
Service cost
269
275
Interest expenses
219
255
Termination benefit payments
\u2013289
\u2013550
Revaluation effects in the period
\u201353
\u2013858
Other effects
108
125
\u00a0
8,393
7,640
Duration in years
11.85
10.66
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,810
3,426
Service cost
318
395
Interest expenses
101
110
Termination benefit payments
\u201350
0
Revaluation effects in the period
247
\u2013753
\u00a0
3,426
3,178
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-354": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
39.
Lease liabilities
The right-of-use assets recognized in accordance with IFRS 16 are reported in the balance sheet under property, plant and equipment (see Note 21 - Property, plant and equipment).
Lease liabilities are reported in the balance sheet as a separate item under current and non-current liabilities.
The carrying amounts of the rights of use developed as follows in the 2025 financial year:
\u00a0
Properties and
buildings
EUR'000
Technical facilities and vehicles
EUR'000
IT

EUR'000
Total

EUR'000
As of 1\u00a0January 2024
57,998
6,871
3,497
68,366
Changes in foreign exchange rates
40
0
0
40
Additions
9,354
802
2,398
12,553
Disposals
\u2013101
\u201370
0
\u2013170
Depreciation and amortization
\u20135,896
\u20132,372
\u20132,244
\u201310,512
As of 31\u00a0December 2024
61,395
5,231
3,651
70,277
Changes in foreign exchange rates
\u2013130
0
0
\u2013130
Additions
4,129
524
2,568
7,221
Disposals
0
\u201369
0
\u201369
Depreciation and amortization
\u20136,200
\u20132,374
\u20132,352
\u201310,927
As of 31\u00a0December 2025
59,194
3,312
3,866
66,372
The consolidated income statement includes the following amounts from leases:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Depreciation expense of right-of-use assets
\u201310,512
\u201310,927
Interest expense on lease liabilities
\u20132,138
\u20132,096
Expense relating to short-term leases (included in cost of sales)
\u20131,968
\u20132,452
Expense relating leases of low-value assets
\u201367
\u2013464
Expenses for variable lease payments not included in the calculation of lease liabilities
0
0
Income from subleasing of usage rights
0
0
Total amount recognized in profit or loss
\u201314,685
\u201315,939
The total cash outflows for leases amounted to kEUR 13,556 in the 2025 financial year (previous year: kEUR 12,609).
The FACC Group acts in particular as a lessee for production facilities and warehouses, machinery, forklift trucks, IT equipment and vehicles.
Low-value leases relate in particular to the IT category.
The FACC Group has no leases with renewal options.
\u00a0
\u00a0
Cash change
Non-cash changes
\u00a0
\u00a0
Carrying amount
01.01.2024
EUR'000
Change


EUR'000
Lease
liabilities

EUR'000
Other


EUR'000
Carrying amount
31.12.2024
EUR'000
Promissory note loans (current and non-current)
70,000
\u2013500
0
0
69,500
Other financial liabilities (current and non-current)
165,770
\u20139,433
0
0
156,337
Lease liabilities (current and non-current)
72,135
\u201310,570
12,383
35
73,983
\u00a0
307,905
\u201320,503
12,383
35
299,820
\u00a0
\u00a0
Cash change
Non-cash changes
\u00a0
\u00a0
Carrying amount
01.01.2025
EUR'000
Change


EUR'000
Lease
liabilities

EUR'000
Other


EUR'000
Carrying amount
31.12.2025
EUR'000
Promissory note loans (current and non-current)
69,500
0
0
0
69,500
Other financial liabilities (current and non-current)
156,337
\u201327,656
0
0
128,681
Lease liabilities (current and non-current)
73,983
\u201310,640
7,152
\u2013132
70,363
\u00a0
299,820
\u201338,296
7,152
\u2013132
268,544
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-355": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-356": { "value": "
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Interest from bank deposits
1,350
920
Valuation of financial assets
11
11
Other financial income
141
315
Accumulation
1,745
1,873
Financing income
3,247
3,119
\u00a0
\u00a0
\u00a0
Interest expenses of bank loans
\u201313,077
\u20139,938
Interest expenses of lease liabilities
\u20132,138
\u20132,096
Discounting
\u20131,205
1,579
Other interest and similar expenses
\u201310,214
\u20139,736
Financing expenses
\u201326,634
\u201320,191
Financial result
\u201323,387
\u201317,072
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-357": { "value": "
31\u00a0December 2024
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013837
\u201311,851
0
539
0
\u201312,148
Financial liabilities at amortized costs
0
15,992
0
\u201313,077
0
2,915
Fair-Value through profit and loss
0
0
\u201311,097
0
0
\u201311,097
Fair value through other comprehensive income
0
0
0
11
0
11
31\u00a0December 2025
Operating result
Financial result
\u00a0
\u00a0
Valuation allowance
Currency translation
Valuation of derivative financial instruments
Interest
Result from fair value measurement
Net financial result
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Financial assets at amortized costs
\u2013204
\u20137,881
0
3,453
0
\u20134,632
Financial liabilities at amortized costs
0
8,406
0
\u20139,938
0
\u20131,532
Fair-Value through profit and loss
0
0
12,209
0
0
12,209
Fair value through other comprehensive income
0
0
0
11
0
11
The impairment of receivables from customer-related engineering developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
9
6
Additions
0
0
Reversal/use
\u20133
\u20132
\u00a0
6
4
The specific allowances of trade receivables developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,011
255
Additions
1,234
127
Disposal
\u20132,413
0
Use
\u2013577
\u2013382
\u00a0
255
0
In addition, a standardized value adjustment was made on the basis of the future probability of credit default required by IFRS 9, which had developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
81
96
Additions
26
33
Disposal
\u201311
\u20137
\u00a0
96
122
The age structure of trade receivables and receivables from related companies (current and non-current) is as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Trade receivables and Receivables from related companies (current and non-current)
104,672
102,670
Of which not overdue and not impaired
71,799
86,885
Of which overdue and not impaired
30,299
15,784
1 to 60 days
24,741
10,641
61 to 150 days
2,610
3,107
151 to 365 days
801
1,001
More than 365 days
2,147
1,035
Of which impaired
2,574
0
The carrying amount of individually impaired trade receivables developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Carrying amount prior to impairment
2,828
0
Less valuation allowance
\u2013255
0
Carrying amount after impairment
2,574
0
The overdue and unimpaired receivables relate to a number of independent customers who have not defaulted on payments in the recent past. Nothing suggests that the debtors will not be able to honour their payment obligations on the reporting date.
30.
Other receivables and deferred items
Other receivables and deferred items include:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial assets
\u00a0
\u00a0
Other
801
279
\u00a0
801
279
Other current non-financial assets
\u00a0
\u00a0
Other tax receivables (particularly VAT)
16,620
22,879
Deferred items
4,243
2,726
Other
2,306
1,842
\u00a0
23,169
27,448
\u00a0
23,969
27,726
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-358": { "value": "
18.
Income taxes and deferred tax assets/liabilities
Recorded income taxes include both taxes on income paid or owed by the individual companies as well as deferred taxes.
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Current taxes ongoing
\u20131,044
\u20132,106
Deferred taxes
2,454
\u20131,963
\u00a0
1,410
\u20134,069
The reasons for the difference between the Austrian corporate tax rate of 23 percent (previous year: 23 percent) valid in the 2025 financial year and the recorded group taxation rate are as follows:
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Income before taxes
4,945
25,253
Calculated income taxes 23%
\u20131,137
\u20135,808
\u00a0
\u00a0
\u00a0
Deviating foreign tax rates
\u20132
152
Change in loss carry forwards, deferred tax assets
\u201328
0
Tax-free income
1,650
1,901
Expenses that cannot be deducted for tax purposes
\u2013208
\u2013821
Minimum corporate tax and withholding taxes
0
\u2013220
Tax effect from previous years
1,065
458
Change permanent difference
110
220
Other effects
\u201339
48
Reported income tax expense/income
1,410
\u20134,069
Effective tax rate in %
\u201328.5%
16.1%
Deferred taxes are calculated on the basis of the tax rates that are in force or announced in the individual countries according to the current legal situation. In Austria, a corporate tax rate of 23 percent applies. For foreign companies, deferred taxes are calculated on the basis of the corresponding country-specific tax rates. In the 2025 financial year, these ranged from 21 percent to 28 percent (previous year: 24.5 percent to 28 percent).
The Minimum Taxation Act (MinBestG), which will apply in Austria from 1 January 2024, transposes the OECD model rules and the EU Directive to ensure global minimum taxation for groups of companies (Pillar Two) into Austrian law. Numerous other countries have already introduced corresponding minimum taxation regulations in accordance with Pillar Two. Of the countries in which FACC subsidiaries are domiciled, only China and the USA have not yet taken specific implementation measures.
In accordance with the minimum taxation rules, the ultimate parent company of FACC AG and its subsidiaries is Aviation Industry Corporation of China Cabin Systems Co. Limited (AVIC), based in Hong Kong. The effects of the global minimum taxation rules on the FACC Group are evaluated on an ongoing basis. Based on a preliminary calculation for the 2025 financial year, the temporary safe harbor regulations will not have any material effects on the FACC Group's income taxes for the 2025 financial year. Current taxes from the minimum taxation provisions are recognized as current tax in accordance with IAS 12, whereby no corresponding taxes were to be recognized in the 2025 financial year.
The temporary, mandatory exemption from the recognition of deferred taxes resulting from the introduction of global minimum taxation was applied by the Group.
The taxes recorded in the other comprehensive income are as follows:
\u00a0
2024
2025
\u00a0
Gross

EUR'000
Tax

EUR'000
Net

EUR'000
Gross

EUR'000
Tax

EUR'000
Net

EUR'000
Fair value measurement of securities
10
\u20132
8
2
0
2
Cash flow hedges
\u201315,873
3,651
\u201312,223
16,078
\u20133,698
12,380
Cost of Hedging
1,140
\u2013262
878
\u2013381
88
\u2013293
Revaluation effects of termination benefits
53
\u201315
38
858
\u2013181
677
\u00a0
\u201314,670
3,372
\u201311,299
16,558
\u20133,792
12,765

Deferred taxes developed as follows:
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024
\u00a0
As of
01.01.2024

EUR'000
Change in profit and loss
EUR'000
Change in other comprehensive income
EUR'000
Net


EUR'000
Deferred tax assets

EUR'000
Deferred tax liabilities

EUR'000
Intangible assets
\u201394
88
0
\u20136
0
\u20136
Property, plant and equipment
\u201312,573
\u2013640
0
\u201313,213
0
\u201313,213
Receivables from customer-related engineering
\u20135,997
\u2013273
0
\u20136,270
0
\u20136,270
Contract assets
\u20131,452
\u2013168
0
\u20131,620
0
\u20131,620
Contract costs
\u201314,057
2,452
0
\u201311,605
0
\u201311,605
Other financial assets
329
146
\u20132
473
473
0
Trade receivables
0
12
0
12
12
0
Inventories
4,505
1,054
0
5,559
5,559
0
Other receivables and deferred items
\u2013110
\u20132,986
0
\u20133,096
0
\u20133,096
Employee benefit obligations
702
58
\u201315
745
745
0
Provisions
\u2013127
127
0
0
0
0
Trade payables
\u20131,111
2,035
0
923
923
0
Financial liabilities
16,483
681
0
17,164
17,164
0
Derivative financial instruments
0
722
3,389
4,110
4,110
0
Other assets (incl. cash and cash equivalents)
\u2013380
428
0
48
48
0
Other liabilities
\u2013177
321
0
144
144
0
Tax loss carry forwards
40,457
\u20131,601
0
38,856
38,856
0
Tax assets (liabilities) before netting
26,397
2,454
3,372
32,222
68,034
\u201335,811
Netting of taxes
\u00a0
\u00a0
\u00a0
\u00a0
\u201335,538
35,538
Net tax assets (liabilities)
26,397
2,454
3,372
32,222
32,496
\u2013273
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2025
\u00a0
As of
01.01.2025

EUR'000
Change in profit and loss
EUR'000
Change in other comprehensive income
EUR'000
Net


EUR'000
Deferred tax assets

EUR'000
Deferred tax liabilities

EUR'000
Intangible assets
\u20136
34
0
28
28
0
Property, plant and equipment
\u201313,213
499
0
\u201312,714
0
\u201312,714
Receivables from customer-related engineering
\u20136,270
1,072
0
\u20135,198
0
\u20135,198
Contract assets
\u20131,620
274
0
\u20131,347
0
\u20131,347
Contract costs
\u201311,605
2,785
0
\u20138,820
0
\u20138,820
Other financial assets
473
59
0
532
532
0
Trade receivables
12
\u201312
0
0
0
0
Inventories
5,559
\u20131,522
0
4,037
4,037
0
Other receivables and deferred items
\u20133,096
1,751
0
\u20131,345
0
\u20131,345
Employee benefit obligations
745
\u201379
\u2013181
484
484
0
Provisions
0
\u00a0
0
0
0
0
Trade payables
923
\u20131,729
0
\u2013805
0
\u2013805
Financial liabilities
17,164
\u2013707
0
16,457
16,457
0
Derivative financial instruments
4,110
\u2013500
\u20133,610
0
0
0
Other assets (incl. cash and cash equivalents)
48
\u2013121
0
\u201374
0
\u201374
Other liabilities
144
\u2013367
0
\u2013223
0
\u2013223
Tax loss carry forwards
38,856
\u20133,401
0
35,455
35,455
0
Tax assets (liabilities) before netting
32,222
\u20131,963
\u20133,792
26,467
56,993
\u201330,526
Netting of taxes
\u00a0
\u00a0
\u00a0
\u00a0
\u201330,421
30,421
Net tax assets (liabilities)
32,222
\u20131,963
\u20133,792
26,467
26,572
\u2013105
The capitalized loss carryforwards originate from FACC Operations GmbH amounting to kEUR\u00a0154,151 as of 31\u00a0December 2025(previous year: kEUR\u00a0160,487) and from FACC AG amounting to kEUR 6,265 (previous year: kEUR 8,453). Based on the tax planning calculation, deferred tax assets were recognized for all loss carryforwards in the 2025 financial year. The realization of the capitalized loss carryforwards can be considered sufficiently certain on the basis of medium-term planning.
No deferred tax assets were recognized for losses of foreign subsidiaries in the amount of kEUR 158 (previous year: kEUR 16).
As of 31\u00a0December 2025, there were temporary differences in connection with shares in subsidiaries (\u201coutside basis differences\u201d) amounting to kEUR\u00a04,079 (previous year: kEUR\u00a03,687), for which no deferred tax liabilities were recognized in accordance with IAS\u00a012.39. This is because FACC\u00a0AG is in a position to control the development over time, and because these temporary differences will not be eliminated in the near future.
Deferred tax liabilities result from the financial statements of foreign subsidiaries and are owed to foreign tax authorities.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-359": { "value": "
18.
Income taxes and deferred tax assets/liabilities
Recorded income taxes include both taxes on income paid or owed by the individual companies as well as deferred taxes.
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Current taxes ongoing
\u20131,044
\u20132,106
Deferred taxes
2,454
\u20131,963
\u00a0
1,410
\u20134,069
The reasons for the difference between the Austrian corporate tax rate of 23 percent (previous year: 23 percent) valid in the 2025 financial year and the recorded group taxation rate are as follows:
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Income before taxes
4,945
25,253
Calculated income taxes 23%
\u20131,137
\u20135,808
\u00a0
\u00a0
\u00a0
Deviating foreign tax rates
\u20132
152
Change in loss carry forwards, deferred tax assets
\u201328
0
Tax-free income
1,650
1,901
Expenses that cannot be deducted for tax purposes
\u2013208
\u2013821
Minimum corporate tax and withholding taxes
0
\u2013220
Tax effect from previous years
1,065
458
Change permanent difference
110
220
Other effects
\u201339
48
Reported income tax expense/income
1,410
\u20134,069
Effective tax rate in %
\u201328.5%
16.1%
Deferred taxes are calculated on the basis of the tax rates that are in force or announced in the individual countries according to the current legal situation. In Austria, a corporate tax rate of 23 percent applies. For foreign companies, deferred taxes are calculated on the basis of the corresponding country-specific tax rates. In the 2025 financial year, these ranged from 21 percent to 28 percent (previous year: 24.5 percent to 28 percent).
The Minimum Taxation Act (MinBestG), which will apply in Austria from 1 January 2024, transposes the OECD model rules and the EU Directive to ensure global minimum taxation for groups of companies (Pillar Two) into Austrian law. Numerous other countries have already introduced corresponding minimum taxation regulations in accordance with Pillar Two. Of the countries in which FACC subsidiaries are domiciled, only China and the USA have not yet taken specific implementation measures.
In accordance with the minimum taxation rules, the ultimate parent company of FACC AG and its subsidiaries is Aviation Industry Corporation of China Cabin Systems Co. Limited (AVIC), based in Hong Kong. The effects of the global minimum taxation rules on the FACC Group are evaluated on an ongoing basis. Based on a preliminary calculation for the 2025 financial year, the temporary safe harbor regulations will not have any material effects on the FACC Group's income taxes for the 2025 financial year. Current taxes from the minimum taxation provisions are recognized as current tax in accordance with IAS 12, whereby no corresponding taxes were to be recognized in the 2025 financial year.
The temporary, mandatory exemption from the recognition of deferred taxes resulting from the introduction of global minimum taxation was applied by the Group.
The taxes recorded in the other comprehensive income are as follows:
\u00a0
2024
2025
\u00a0
Gross

EUR'000
Tax

EUR'000
Net

EUR'000
Gross

EUR'000
Tax

EUR'000
Net

EUR'000
Fair value measurement of securities
10
\u20132
8
2
0
2
Cash flow hedges
\u201315,873
3,651
\u201312,223
16,078
\u20133,698
12,380
Cost of Hedging
1,140
\u2013262
878
\u2013381
88
\u2013293
Revaluation effects of termination benefits
53
\u201315
38
858
\u2013181
677
\u00a0
\u201314,670
3,372
\u201311,299
16,558
\u20133,792
12,765

Deferred taxes developed as follows:
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024
\u00a0
As of
01.01.2024

EUR'000
Change in profit and loss
EUR'000
Change in other comprehensive income
EUR'000
Net


EUR'000
Deferred tax assets

EUR'000
Deferred tax liabilities

EUR'000
Intangible assets
\u201394
88
0
\u20136
0
\u20136
Property, plant and equipment
\u201312,573
\u2013640
0
\u201313,213
0
\u201313,213
Receivables from customer-related engineering
\u20135,997
\u2013273
0
\u20136,270
0
\u20136,270
Contract assets
\u20131,452
\u2013168
0
\u20131,620
0
\u20131,620
Contract costs
\u201314,057
2,452
0
\u201311,605
0
\u201311,605
Other financial assets
329
146
\u20132
473
473
0
Trade receivables
0
12
0
12
12
0
Inventories
4,505
1,054
0
5,559
5,559
0
Other receivables and deferred items
\u2013110
\u20132,986
0
\u20133,096
0
\u20133,096
Employee benefit obligations
702
58
\u201315
745
745
0
Provisions
\u2013127
127
0
0
0
0
Trade payables
\u20131,111
2,035
0
923
923
0
Financial liabilities
16,483
681
0
17,164
17,164
0
Derivative financial instruments
0
722
3,389
4,110
4,110
0
Other assets (incl. cash and cash equivalents)
\u2013380
428
0
48
48
0
Other liabilities
\u2013177
321
0
144
144
0
Tax loss carry forwards
40,457
\u20131,601
0
38,856
38,856
0
Tax assets (liabilities) before netting
26,397
2,454
3,372
32,222
68,034
\u201335,811
Netting of taxes
\u00a0
\u00a0
\u00a0
\u00a0
\u201335,538
35,538
Net tax assets (liabilities)
26,397
2,454
3,372
32,222
32,496
\u2013273
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2025
\u00a0
As of
01.01.2025

EUR'000
Change in profit and loss
EUR'000
Change in other comprehensive income
EUR'000
Net


EUR'000
Deferred tax assets

EUR'000
Deferred tax liabilities

EUR'000
Intangible assets
\u20136
34
0
28
28
0
Property, plant and equipment
\u201313,213
499
0
\u201312,714
0
\u201312,714
Receivables from customer-related engineering
\u20136,270
1,072
0
\u20135,198
0
\u20135,198
Contract assets
\u20131,620
274
0
\u20131,347
0
\u20131,347
Contract costs
\u201311,605
2,785
0
\u20138,820
0
\u20138,820
Other financial assets
473
59
0
532
532
0
Trade receivables
12
\u201312
0
0
0
0
Inventories
5,559
\u20131,522
0
4,037
4,037
0
Other receivables and deferred items
\u20133,096
1,751
0
\u20131,345
0
\u20131,345
Employee benefit obligations
745
\u201379
\u2013181
484
484
0
Provisions
0
\u00a0
0
0
0
0
Trade payables
923
\u20131,729
0
\u2013805
0
\u2013805
Financial liabilities
17,164
\u2013707
0
16,457
16,457
0
Derivative financial instruments
4,110
\u2013500
\u20133,610
0
0
0
Other assets (incl. cash and cash equivalents)
48
\u2013121
0
\u201374
0
\u201374
Other liabilities
144
\u2013367
0
\u2013223
0
\u2013223
Tax loss carry forwards
38,856
\u20133,401
0
35,455
35,455
0
Tax assets (liabilities) before netting
32,222
\u20131,963
\u20133,792
26,467
56,993
\u201330,526
Netting of taxes
\u00a0
\u00a0
\u00a0
\u00a0
\u201330,421
30,421
Net tax assets (liabilities)
32,222
\u20131,963
\u20133,792
26,467
26,572
\u2013105
The capitalized loss carryforwards originate from FACC Operations GmbH amounting to kEUR\u00a0154,151 as of 31\u00a0December 2025(previous year: kEUR\u00a0160,487) and from FACC AG amounting to kEUR 6,265 (previous year: kEUR 8,453). Based on the tax planning calculation, deferred tax assets were recognized for all loss carryforwards in the 2025 financial year. The realization of the capitalized loss carryforwards can be considered sufficiently certain on the basis of medium-term planning.
No deferred tax assets were recognized for losses of foreign subsidiaries in the amount of kEUR 158 (previous year: kEUR 16).
As of 31\u00a0December 2025, there were temporary differences in connection with shares in subsidiaries (\u201coutside basis differences\u201d) amounting to kEUR\u00a04,079 (previous year: kEUR\u00a03,687), for which no deferred tax liabilities were recognized in accordance with IAS\u00a012.39. This is because FACC\u00a0AG is in a position to control the development over time, and because these temporary differences will not be eliminated in the near future.
Deferred tax liabilities result from the financial statements of foreign subsidiaries and are owed to foreign tax authorities.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-360": { "value": "
19.
Earnings per share
The number of shares issued as of the balance sheet date was 45,790,000 , like in the previous year. Since no dilutive potential ordinary shares were outstanding or treasury shares were held in the past financial year, the diluted earnings per share correspond to the undiluted earnings per share.
Earnings per share of EUR\u00a00.46 (previous year: EUR\u00a00.14) were calculated by dividing the result by the weighted number of shares attributable to the shareholders of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-361": { "value": "
20.
Intangible assets
Intangible assets developed as follows:
\u00a0
Software
Rights
Research and development costs
Advance payment on intangible assets
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
26,778
9,337
2,919
0
31,431
Changes in foreign exchange rates
22
0
0
0
22
Additions
558
24
120
599
1,301
Transfers
206
0
0
\u2013206
0
As of 31\u00a0December 2024
27,563
9,361
3,039
393
40,356
Changes in foreign exchange rates
\u2013104
0
0
0
\u2013104
Additions
61
0
16
300
377
Transfers
393
0
0
\u2013393
0
As of 31\u00a0December 2025
27,914
9,361
3,055
300
40,630
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
25,024
2,558
724
0
28,306
Changes in foreign exchange rates
17
0
0
0
17
Amortization
943
671
440
0
2,055
As of 31\u00a0December 2024
25,985
3,229
1,164
0
30,378
Changes in foreign exchange rates
\u201378
0
0
0
\u201378
Amortization
1,019
666
363
0
2,048
As of 31\u00a0December 2025
26,926
3,895
1,527
0
32,348
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
1,578
6,132
1,875
393
9,978
Carrying amount on 31\u00a0December 2025
988
5,465
1,527
300
8,281
\u00a0
Research and technology expenses totaled kEUR 59,984 in Financial year 2025 (previous year: kEUR 62,607) and comprised company-related research services amounting to kEUR 2,489 (previous year: kEUR 2,769) and customer-related development services amounting to kEUR 57,495 (previous year: kEUR 59,838).
Intangible assets do not include any assets with an indefinite useful life.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-362": { "value": "
20.
Intangible assets
Intangible assets developed as follows:
\u00a0
Software
Rights
Research and development costs
Advance payment on intangible assets
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
26,778
9,337
2,919
0
31,431
Changes in foreign exchange rates
22
0
0
0
22
Additions
558
24
120
599
1,301
Transfers
206
0
0
\u2013206
0
As of 31\u00a0December 2024
27,563
9,361
3,039
393
40,356
Changes in foreign exchange rates
\u2013104
0
0
0
\u2013104
Additions
61
0
16
300
377
Transfers
393
0
0
\u2013393
0
As of 31\u00a0December 2025
27,914
9,361
3,055
300
40,630
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
25,024
2,558
724
0
28,306
Changes in foreign exchange rates
17
0
0
0
17
Amortization
943
671
440
0
2,055
As of 31\u00a0December 2024
25,985
3,229
1,164
0
30,378
Changes in foreign exchange rates
\u201378
0
0
0
\u201378
Amortization
1,019
666
363
0
2,048
As of 31\u00a0December 2025
26,926
3,895
1,527
0
32,348
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
1,578
6,132
1,875
393
9,978
Carrying amount on 31\u00a0December 2025
988
5,465
1,527
300
8,281
\u00a0
Research and technology expenses totaled kEUR 59,984 in Financial year 2025 (previous year: kEUR 62,607) and comprised company-related research services amounting to kEUR 2,489 (previous year: kEUR 2,769) and customer-related development services amounting to kEUR 57,495 (previous year: kEUR 59,838).
Intangible assets do not include any assets with an indefinite useful life.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-363": { "value": "
21.
Property, plant and equipment
\u00a0
Properties and buildings
Technical
facilities
Operating and office equipment
Facilities under construction
Right of Use
Total
\u00a0
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
EUR'000
Historical costs
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
96,078
127,116
46,782
16,804
113,686
400,466
Changes in foreign exchange rates
76
0
156
0
116
349
Additions
7,032
6,688
4,325
2,735
12,553
33,334
Disposals
\u2013420
\u20131,705
\u20131,330
0
\u2013420
\u20133,875
Transfers
11,536
2,986
398
\u201314,920
0
0
As of 31\u00a0December 2024
114,303
135,085
50,331
4,620
125,935
430,274
Changes in foreign exchange rates
\u2013131
0
\u2013446
0
\u2013255
\u2013833
Additions
1,512
4,613
2,362
7,946
7,221
23,654
Disposals
0
\u20133,770
\u20135,203
0
\u20131,367
\u201310,340
Transfers
0
1,693
1,086
\u20132,779
0
0
As of 31\u00a0December 2025
115,683
137,621
48,129
9,787
131,534
442,755
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Accumulated amortization and impairment
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 1\u00a0January 2024
43,825
110,623
36,381
0
45,320
236,150
Changes in foreign exchange rates
0
0
152
0
76
228
Amortization
2,813
4,653
3,976
0
10,512
21,953
Disposals
0
\u2013540
\u20131,189
0
\u2013250
\u20131,979
As of 31\u00a0December 2024
46,638
114,736
39,320
0
55,658
256,352
Changes in foreign exchange rates
\u201329
0
\u2013393
0
\u2013125
\u2013546
Amortization
3,531
5,310
3,868
0
10,927
23,636
Disposals
0
\u20133,632
\u20135,181
0
\u20131,298
\u201310,111
Transfers
\u2013643
0
643
0
0
0
As of 31\u00a0December 2025
49,497
116,414
38,257
0
65,162
269,331
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Carrying amount on 31\u00a0December 2024
67,665
20,349
11,011
4,620
70,277
173,922
Carrying amount on 31\u00a0December 2025
66,186
21,207
9,872
9,787
66,372
173,423
\u00a0
Property and buildings as well as rights of use include land values of properties in the amount of kEUR\u00a07,489 (previous year: kEUR\u00a07,558). Certain properties and buildings serve as collaterals for liabilities to financial institutions (see Note\u00a038 \u2013 Financial liabilities).
The obligations to purchase property, plant and equipment amounted to kEUR\u00a08,051 (previous year: kEUR\u00a03,582) on the reporting date. In addition, there were internally approved acquisitions in the amount of kEUR\u00a08,216 (previous year: kEUR\u00a052,216) which have not yet given rise to contractual obligations.
As of 31\u00a0December 2025, the indications according to IAS 36 were reviewed with regards to the implementation of an impairment test for Cash-Generating-Units and climate-related aspects were also included in the assessment. There was no requirement to perform an impairment test as of 31\u00a0December 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-364": { "value": "
Property and buildings as well as rights of use include land values of properties in the amount of kEUR\u00a07,489 (previous year: kEUR\u00a07,558). Certain properties and buildings serve as collaterals for liabilities to financial institutions (see Note\u00a038 \u2013 Financial liabilities).
Certain liabilities to financial institutions are secured by mortgages on company real estate and state guarantees for loans. The export credit under the Kontrollbank scheme is secured by export receivables in the amount of 120 percent of the outstanding credit agreement. The guarantee for certain liabilities to financial institutions in connection with land and buildings amounted to kEUR\u00a015,966 (previous year: kEUR\u00a015,966).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCollateralExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-365": { "value": "
As of 31\u00a0December 2025, the indications according to IAS 36 were reviewed with regards to the implementation of an impairment test for Cash-Generating-Units and climate-related aspects were also included in the assessment. There was no requirement to perform an impairment test as of 31\u00a0December 2025.
As of 31 December 2025, the indicators according to IFRS 15.101 regarding the performance of an impairment test were identified. This resulted in a requirement to perform an impairment test as of 31 December 2025. This did not result in any impairment requirement.
The specific allowances of trade receivables developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,011
255
Additions
1,234
127
Disposal
\u20132,413
0
Use
\u2013577
\u2013382
\u00a0
255
0
In addition, a standardized value adjustment was made on the basis of the future probability of credit default required by IFRS 9, which had developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
81
96
Additions
26
33
Disposal
\u201311
\u20137
\u00a0
96
122
The age structure of trade receivables and receivables from related companies (current and non-current) is as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Trade receivables and Receivables from related companies (current and non-current)
104,672
102,670
Of which not overdue and not impaired
71,799
86,885
Of which overdue and not impaired
30,299
15,784
1 to 60 days
24,741
10,641
61 to 150 days
2,610
3,107
151 to 365 days
801
1,001
More than 365 days
2,147
1,035
Of which impaired
2,574
0
The carrying amount of individually impaired trade receivables developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Carrying amount prior to impairment
2,828
0
Less valuation allowance
\u2013255
0
Carrying amount after impairment
2,574
0
The overdue and unimpaired receivables relate to a number of independent customers who have not defaulted on payments in the recent past. Nothing suggests that the debtors will not be able to honour their payment obligations on the reporting date.
", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-366": { "value": "
22.
Receivables from customer-related engineering
The development of receivables from customer-related engineering is as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,525
24,518
Changes in estimates
64
\u201376
Partial settlements
\u20133,143
\u20133,859
Valuation allowance
3
2
Interest
790
850
Additions
867
8,293
Currency translation
1,411
\u20133,309
\u00a0
24,518
26,418
\u00a0
The impairment of receivables from customer-related engineering developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
9
6
Additions
0
0
Reversal/use
\u20133
\u20132
\u00a0
6
4
29.
Trade Receivables
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Gross trade receivables
80,635
68,970
Less valuation allowance
\u2013351
\u2013122
Net trade receivables
80,284
68,849
Of which current
72,389
68,849
Of which non-current
7,895
0
FACC maintains a non-recourse assignment agreement with two financial institutions in connection with receivables from several customers. The sold receivables (factoring) are derecognized in accordance with IFRS\u00a09. Trade receivables were sold to third parties in the amount of kEUR\u00a0153,856 (previous year: kEUR\u00a0134,098) as of the reporting date.
In the case of one contract, the associated risks and rewards are neither transferred in their entirety nor retained. The continuing involvement resulting from the maximum late payment interest costs amounts to kEUR 1,855 (previous year: kEUR 1,882). It was therefore not possible to derecognize the receivables sold or increase other current financial liabilities to this extent.
In the other contract, the economic power to dispose of the receivables is transferred to the buyer.
In general, the receivables sold relate to customers with a low probability of default, meaning that the loss from the default guarantee amounted to kEUR 25 (previous year: kEUR 26). The average payment behavior essentially corresponds to the contractual agreements, resulting in a loss from the late payment guarantee of kEUR 1,086 (previous year: kEUR 960).
The specific allowances of trade receivables developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,011
255
Additions
1,234
127
Disposal
\u20132,413
0
Use
\u2013577
\u2013382
\u00a0
255
0
In addition, a standardized value adjustment was made on the basis of the future probability of credit default required by IFRS 9, which had developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
81
96
Additions
26
33
Disposal
\u201311
\u20137
\u00a0
96
122
The age structure of trade receivables and receivables from related companies (current and non-current) is as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Trade receivables and Receivables from related companies (current and non-current)
104,672
102,670
Of which not overdue and not impaired
71,799
86,885
Of which overdue and not impaired
30,299
15,784
1 to 60 days
24,741
10,641
61 to 150 days
2,610
3,107
151 to 365 days
801
1,001
More than 365 days
2,147
1,035
Of which impaired
2,574
0
The carrying amount of individually impaired trade receivables developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Carrying amount prior to impairment
2,828
0
Less valuation allowance
\u2013255
0
Carrying amount after impairment
2,574
0
The overdue and unimpaired receivables relate to a number of independent customers who have not defaulted on payments in the recent past. Nothing suggests that the debtors will not be able to honour their payment obligations on the reporting date.
While trade receivables usually have payment periods of up to 90 days, some receivables from customer-related engineering as well as contract assets are subject to payment schedules including milestone payments.
30.
Other receivables and deferred items
Other receivables and deferred items include:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial assets
\u00a0
\u00a0
Other
801
279
\u00a0
801
279
Other current non-financial assets
\u00a0
\u00a0
Other tax receivables (particularly VAT)
16,620
22,879
Deferred items
4,243
2,726
Other
2,306
1,842
\u00a0
23,169
27,448
\u00a0
23,969
27,726
Other receivables do not include any amounts of overdue receivables. Furthermore, no valuation allowances were recognized on these receivables.
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
\u00a0
Receivables

31.12.2024
EUR'000
Liabilities

31.12.2024
EUR'000
Revenues and other income
2024
EUR'000
Expenses

2024
EUR'000
Parent company
0
0
0
0
Other related companies
18,404
0
43,519
30,774
Companies over which the parent company exercises control
5,633
10,312
8,484
8,364
\u00a0
24,038
10,312
52,003
39,137
\u00a0
Receivables

31.12.2025
EUR'000
Liabilities

31.12.2025
EUR'000
Revenues and other income
2025
EUR'000
Expenses

2025
EUR'000
Parent company
0
0
0
0
Other related companies
27,502
0
68,719
43,268
Companies over which the parent company exercises control
6,197
20,203
12,016
12,076
\u00a0
33,699
20,203
80,735
55,344
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-367": { "value": "
23.
Contract assets
Contract assets can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Development projects (period-related)
0
0
Payment to customers
7,045
5,856
\u00a0
7,045
5,856
The development of contract assets can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
6,315
7,045
Changes in estimates
0
\u2013272
Additions and Partial profit
205
0
Partial settlements
\u2013114
\u2013314
Interest
225
215
Currency translation
414
\u2013818
\u00a0
7,045
5,856
24.
Contract costs
Contract costs can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
61,118
50,456
Additions
3,899
648
Amortization contract costs
\u201314,561
\u201312,756
\u00a0
50,456
38,348
Additions relate exclusively to ongoing development projects and do not result from contract initiation.
As of 31 December 2025, the indicators according to IFRS 15.101 regarding the performance of an impairment test were identified. This resulted in a requirement to perform an impairment test as of 31 December 2025. This did not result in any impairment requirement.
The sensitivity analysis had shown that, depending on the development of the key valuation parameters, no impairment losses would have resulted:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Increase of discount rate by
100 basis points
\u20131
0
Increase personal costs by
50 percentage points
0
0
Increase material costs by
50 percentage points
0
\u2013422
25.
Other non-current financial assets
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Securities measured at fair value
382
384
Shares
71
71
\u00a0
453
455
These shares refer to the 3.01 percent stake in Techno-Z Ried Technologiezentrum GmbH, Ried im Innkreis and the 18.0 percent stake in AIRlabs Austria GmbH, Graz.
26.
Other receivables
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other financial receivables
11,069
11,331
Other non-financial receivables
10,860
0
\u00a0
21,929
11,331
The other financial receivables item mainly consists of deposits amounting to kEUR 11,331 (previous year: kEUR 11,069).
The item other non-financial receivables includes the receivable from the Fake President Incident.
In the 2015/2016 reporting period, an external fraud incident (\"Fake President Incident\") resulted in an unlawful outflow of cash and cash equivalents in the amount of KEUR 52,847 from the company. As a result of immediately initiated measures, an amount of KEUR 10,860 was frozen on recipient accounts in China. This amount was presented as a non-financial receivable in accordance with IAS 37.33.
Contrary to management's assessment, the amount has now been received in the short term. In March 2025, the funds attributable to FACC Operations GmbH were transferred to an account held by FACC Operations GmbH.
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-368": { "value": "
23.
Contract assets
Contract assets can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Development projects (period-related)
0
0
Payment to customers
7,045
5,856
\u00a0
7,045
5,856
The development of contract assets can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
6,315
7,045
Changes in estimates
0
\u2013272
Additions and Partial profit
205
0
Partial settlements
\u2013114
\u2013314
Interest
225
215
Currency translation
414
\u2013818
\u00a0
7,045
5,856
24.
Contract costs
Contract costs can be broken down as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
61,118
50,456
Additions
3,899
648
Amortization contract costs
\u201314,561
\u201312,756
\u00a0
50,456
38,348
Additions relate exclusively to ongoing development projects and do not result from contract initiation.
As of 31 December 2025, the indicators according to IFRS 15.101 regarding the performance of an impairment test were identified. This resulted in a requirement to perform an impairment test as of 31 December 2025. This did not result in any impairment requirement.
The sensitivity analysis had shown that, depending on the development of the key valuation parameters, no impairment losses would have resulted:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Increase of discount rate by
100 basis points
\u20131
0
Increase personal costs by
50 percentage points
0
0
Increase material costs by
50 percentage points
0
\u2013422
25.
Other non-current financial assets
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Securities measured at fair value
382
384
Shares
71
71
\u00a0
453
455
These shares refer to the 3.01 percent stake in Techno-Z Ried Technologiezentrum GmbH, Ried im Innkreis and the 18.0 percent stake in AIRlabs Austria GmbH, Graz.
26.
Other receivables
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other financial receivables
11,069
11,331
Other non-financial receivables
10,860
0
\u00a0
21,929
11,331
The other financial receivables item mainly consists of deposits amounting to kEUR 11,331 (previous year: kEUR 11,069).
The item other non-financial receivables includes the receivable from the Fake President Incident.
In the 2015/2016 reporting period, an external fraud incident (\"Fake President Incident\") resulted in an unlawful outflow of cash and cash equivalents in the amount of KEUR 52,847 from the company. As a result of immediately initiated measures, an amount of KEUR 10,860 was frozen on recipient accounts in China. This amount was presented as a non-financial receivable in accordance with IAS 37.33.
Contrary to management's assessment, the amount has now been received in the short term. In March 2025, the funds attributable to FACC Operations GmbH were transferred to an account held by FACC Operations GmbH.
28.
Customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
23,675
23,393
Additions
22,759
25,121
Disposals
\u201323,041
\u201326,394
\u00a0
23,393
22,120
Customer-related engineering recorded as material expenses in the reporting period amounted to kEUR\u00a015,746 (previous year: kEUR\u00a012,692).
It is expected that customer-related engineering with a carrying amount of kEUR 3,661 (previous year: kEUR 3,661) will only be realized after a period of twelve months.
No customer-related engineering was assigned or pledged as collateral to secure financial instruments.
30.
Other receivables and deferred items
Other receivables and deferred items include:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial assets
\u00a0
\u00a0
Other
801
279
\u00a0
801
279
Other current non-financial assets
\u00a0
\u00a0
Other tax receivables (particularly VAT)
16,620
22,879
Deferred items
4,243
2,726
Other
2,306
1,842
\u00a0
23,169
27,448
\u00a0
23,969
27,726
Other receivables do not include any amounts of overdue receivables. Furthermore, no valuation allowances were recognized on these receivables.
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-369": { "value": "
25.
Other non-current financial assets
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Securities measured at fair value
382
384
Shares
71
71
\u00a0
453
455
These shares refer to the 3.01 percent stake in Techno-Z Ried Technologiezentrum GmbH, Ried im Innkreis and the 18.0 percent stake in AIRlabs Austria GmbH, Graz.
38.
Financial liabilities
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
Accrued interest expenses are included in current financial liabilities.
Certain liabilities to financial institutions are secured by mortgages on company real estate and state guarantees for loans. The export credit under the Kontrollbank scheme is secured by export receivables in the amount of 120 percent of the outstanding credit agreement. The guarantee for certain liabilities to financial institutions in connection with land and buildings amounted to kEUR\u00a015,966 (previous year: kEUR\u00a015,966).
Promissory note loans
On 31 July 2019, promissory note loans totaling kEUR 70,000 were issued. The individual tranches are subject to both fixed and variable interest rates and are due for repayment after five, seven and ten years. The financing agreements contain a clause stipulating an interest rate increase of 50 basis points in the event that the net financial debt/EBITDA ratio exceeds 3.75. This interest rate increase clause has been in force since the financial year 2020 and will no longer apply from the 2024 financial year. The ratio is tested annually. The creditor has no right of termination.
On 31 July 2024, promissory note totaling kEUR 24,000 were issued to partially refinance the expired promissory note loans (in the amount of kEUR 24,500) from 31 July 2019. The individual tranches are subject to both fixed and variable interest rates and are due for repayment after five, seven and ten years. The financing agreement contains an interest reduction clause of 25 basis points if the net financial debt/EBITDA ratio falls below 3.5. In addition, creditors have a right of termination if the equity ratio is not at least 20 percent. The key figures are tested annually as on 31 December. The financial covenants for this promissory note loan were complied with as at 31\u00a0December 2025. The Group expects that the covenants to be met annually will also be met in the next 12 months after the reporting date.
As of the balance sheet date 31 December 2025, the promissory note loan from 31 July 2019, was recorded at kEUR 45,500 (previous year: kEUR 45,500), and the promissory note loan from 31 July 2024, was recorded at kEUR 24,000 (previous year: kEUR 24,000).
Liabilities towards credit institutions
Syndicated loan
The syndicated loan of kEUR 225,000, originally concluded on 29 August 2018, has been amended several times since then and was most recently adjusted again with effect from 23 October 2025, with five participating banks. As of the balance sheet date of 31 December 2025, there are four facilities with different purposes. Three of these facilities relate to OeKB programs. An OeKB equity financing facility with an original amount of kEUR 36,000 and an OeKB export investment facility with an original amount of kEUR 33,526 were concluded in the amendment dated 17 February 2023. They have a term until 31 December 2027. The OeKB Kontrollbank refinancing facility (KRR) in the amount of kEUR 50,000 was extended by one year until 17 February 2027, with effect from 23 October 2025. An OeKB Exportinvest facility originally amounting to kEUR 25,000, which was part of a syndicated loan originally concluded on 29 August 2018, was repaid on 30 June 2025. The revolving credit line with a volume of kEUR 95,500 was extended by one year until 17 February 2027, effective 23 October 2025. FACC AG and FACC Solutions Croatia d.o.o. continue to act as guarantors. With the exception of the control bank refinancing facility and the equity financing, which are secured by receivables, all facilities are unsecured.
The following adjustments were made to the financial covenant for syndicated loan:
\u00a0
31.12.2025
31.12.2026
Net Financial Debt/EBITDA
\u2264\u2610 3.75
\u2610 3.50
Equity ratio in %
25%
25%
The financial covenants for syndicated loan of the respective year shall also apply as of 30 June of the respective year (e.g. the value of 3.50 applies on 30 June 2026 and on 31 December 2026), and will be tested every six months. The creditors have a right of termination in the event that the financial ratios are exceeded.
For all relevant reporting dates after 31 December 2025, a net financial debt/EBITDA ratio of 3.5 and an equity ratio of at least 25 percent are required.
The Group expects that the covenants to be fulfilled every six months will be met within 12 months of the reporting date.
As of year-end 2025, the revolving credit line was utilized at kEUR 20,000 (previous year: kEUR 25,000), the Kontrollbank refinancing framework at kEUR 50,000 (previous year: kEUR 50,000), the investment financing at kEUR 19,200 (previous year: kEUR 24,800), and the export investment at kEUR 17,881 (previous year: kEUR 25,179).
The syndicated loan matures in mid-February 2027 and December 2027. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be possible.
Loans Outside the Syndicated Loan
On 17 September 2024, a loan amounting to kEUR 15,000 was concluded and fully utilized. The tranche is variable and is due for repayment after three years. The financing agreement contains an interest reduction clause of 30 basis points if the net financial debt/EBITDA ratio falls below 3.0 and an interest increase clause if the net financial debt/EBITDA ratio exceeds 4.5.
As of year-end 2025, this bilateral loan was utilized at kEUR 15,000 (previous year: kEUR 15,000).
NOTES TO FINANCIAL INSTRUMENTS
45.
Determination of fair value
The fair value of financial instruments is determined in three steps, which reflect the degree of certainty of measurement. FACC employs the following hierarchy levels to assign a valuation method to financial instruments measured at fair value:
Level 1: valuation based on market prices for a specific financial instrument
Level 2: valuation by means of market prices for similar instruments or valuation models based exclusively on valuation parameters observable on the market
Level 3: valuation based on models with significant valuation parameters that are not observable on the market
The following tables show the valuation techniques used in determining fair values as well as the most significant unobservable input factors used:
Type
Valuation method
Significant non-observable input factors
Connection between significant non-observable input factors and fair value measurement
Financial instruments measured at fair value
\u00a0
\u00a0
\u00a0
Securities (quoted)
Current stock market price on the balance sheet date
Not-applicable
Not-applicable
Forward exchange transactions
The fair value is determined using quoted forward rates on the reporting date and net present value calculations based on yield curves with high credit ratings in corresponding currencies.
Not-applicable
Not-applicable
Trade receivables (within factoring)
Carrying amounts as a best estimate of fair values
Not-applicable
Not-applicable
Financial instruments not measured at fair value
\u00a0
\u00a0
\u00a0
Other interest-bearing liabilities
Discounting of cash flows
Risk premium for own credit risk
Not-applicable
No shifts occurred between the individual valuation levels in the financial year.
46.
Classifications and fair values
The following table shows the carrying amounts and fair values of financial assets and financial liabilities by class and measurement category in accordance with IFRS 9, including their positions in the fair value hierarchy.
Information on the fair value of financial assets and financial liabilities, which have not been measured at fair value is omitted if the carrying amount constitutes a reasonable approximation of the fair value.
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
For receivables from customer-related engineering, trade receivables, receivables from related companies, current, other current financial assets, cash and cash equivalents, trade payables, liabilities towards related companies and other current financial liabilities, the carrying amount is only an approximation of fair value.
47.
Derivative financial instruments and hedge accounting
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Furthermore, forward exchange contracts in US dollars (volume: kUSD 30,000; previous year: kUSD 25,000) were concluded during the year for the purpose of hedging the exchange rate of receivables from customer-related engineering. These transactions, however, were matured by the end of the balance sheet date.
Derivative financial instruments with a positive market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with positive fair value
0
0
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with positive fair value
10,036
10,036
0
Derivative financial instruments with a negative market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with negative fair value
17,872
17,872
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with negative fair value
1
1
0
The contract volume of foreign currency derivatives is broken down by maturity as follows:
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
Currency
Volume in thousands
Less than 1 year in thousands
1 to 2 years in thousands
3 to 5 years in thousands
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024:
Foreign currency derivatives
USD
405,000
405,000
0
0
As of 31\u00a0December 2025:
Foreign currency derivatives
USD
480,000
480,000
0
0

The following tables provide information on the forward exchange transactions designated as hedging instruments at the end of the reporting period:
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
\u00a0
Change in value used for calculating hedge ineffectiveness
Carrying amount cash flow hedge reserve
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Sell USD, buy EUR
11,934
\u20133,764
\u20139,189
2,898
The following table shows the effectiveness of the hedging relationships, and the amounts either reclassified from the reserve for cash flow hedges to profit or loss or directly recognized in profit or loss:
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
Due to 100 percent effectiveness, the change in value for calculating the ineffectiveness of the hedging relationship is identical for the hedged item and the hedging transaction.\u00a0

FINANCIAL RISK
48.
Principles of financial risk management and hedging guidelines
In the course of the FACC Group's international business activities, various financial risks and opportunities arise that may affect the Group's earnings, financial and asset position. The main potential risks include market price, credit and liquidity risks. The aim of financial risk management is to identify potential adverse effects from these factors at an early stage and to counter them with suitable measures. At the same time, financial opportunities that arise are exploited in a targeted manner to ensure the long-term stability and competitiveness of the company.
The principles and responsibilities for the management and control of financial risks are defined by the entire Management Board and continuously monitored by the Supervisory Board as well as by internal control mechanisms. The FACC Group has defined internal guidelines for this purpose, which regulate the risk management processes and the use of financial instruments. The separation of functions between trading and settlement is a key component of the control mechanisms. Financial transactions are carried out exclusively to hedge existing risks and are strictly based on the actual requirements of the operating business. Speculative transactions are generally excluded.
The Group's Accounting & Treasury department identifies, assesses and manages financial risks in close coordination with the operating units. The measures taken are regularly adapted to changing market conditions to ensure their effectiveness. Financial instruments and hedge accounting are used specifically to hedge financial risks in accordance with the applicable accounting standards. Hedging transactions are concluded on the basis of defined internal guidelines and regularly reviewed with regard to their effectiveness and efficiency.
Forward exchange transactions in particular are used to limit currency risks from foreign currency transactions. The scope of hedging transactions is continuously adjusted to actual requirements in order to ensure effective economic hedging. All financial transactions are carried out exclusively with counterparties that meet internal standards. Collaboration with these partners is based on standardized guidelines and is subject to ongoing monitoring.
Counterparty risk is also included to hedge financial risks, as payment defaults on the part of business partners could impair the company's financial stability. To minimize this risk, transactions are only carried out with audited and approved counterparties within defined limits.
49.
Market price risk
Currency risk
The majority of sales revenues of the FACC Group companies are generated in US dollars (USD), while a significant portion of expenses are incurred in euros (EUR). This discrepancy between cash flows in different currencies creates a foreign currency risk that can have a direct impact on the FACC Group's operating business as well as its net assets, financial position and results of operations. Natural hedging, which results from the partial offsetting of income and expenses in USD and EUR, reduces this risk but does not completely eliminate it.
The FACC Group uses derivative financial instruments such as forward exchange contracts to limit exchange rate risks, particularly in relation to the USD/EUR exchange rate. These instruments are used to hedge future cash flows in foreign currencies and are intended to reduce the potential negative effects of exchange rate fluctuations on earnings before interest and taxes (EBIT) and the Group's financial position.
The following overview shows the composition of receivables, other assets and liabilities by currency. Currency risks are analyzed and measured on this basis.
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Promissory note loans (non-current and current)
69,500
69,500
Lease liabilities (non-current and current)
73,983
70,363
Other financial liabilities (current and non-current)
156,337
128,681
Employee benefit obligations
11,819
10,818
Contract liabilities from customer-related engineering
24,562
12,111
Trade payables
99,070
89,947
Liabilities towards related companies
10,312
20,203
Other non-current financial liabilities
4,482
3,337
Other current financial liabilities
10,251
10,159
\u00a0
460,316
415,118
US dollar
122,217
102,514
EUR
338,098
312,605
\u00a0
460,316
415,118
\u00a0
Sensitivity analyses were carried out to assess currency risks in accordance with IFRS 7 requirements. All monetary financial instruments were considered if they are reported in a currency other than the functional currency of the respective Group company. This applies in particular to receivables, liabilities, cash, cash equivalents and foreign currency derivatives.
The sensitivity of equity also takes into account measurement effects from the cash flow hedges for foreign currency risks recognized in other comprehensive income. Translation differences resulting from the translation of financial statements in currencies other than the Group currency are not affected by the analyses.
A 5 percent change in the EUR-USD exchange rate would produce the following effects:
Revaluation (+)/devaluation (\u2013)
5% devaluation
5% revaluation
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Changes in Consolidated Profit and Loss Statement
878
1,847
\u2013795
\u20131,671
Changes in comprehensive income/loss
\u201315,450
\u201316,229
13,980
14,708
Changes to equity
\u201314,572
\u201314,382
13,185
13,037
Interest rate risk
The interest rate risk results from the average term of the financing and the respective interest rate structure. In the case of fixed-interest financing, the risk lies in falling interest rates, while in the case of variable-interest financing, the risk arises from rising interest rates.
An increase in the interest rate level by 100 basis points would have resulted in a reduction in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275). A reduction in the interest rate level by 100 basis points would have resulted in an increase in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275).
The sensitivity calculation is based on the variable-interest assets and liabilities.
The Group uses various financing instruments (syndicated loans and promissory note loans) for financing purposes. The facilities under the syndicated loan have different collateral, terms and repayment structures, which also allows the interest rate risk to be managed. In the case of promissory note loans, the interest rate risk is managed through a combination of variable and fixed interest rates and different maturities.
50.
Liquidity risk
A key objective of FACC\u2019s risk management is to maintain constant financial solvency to meet current and future obligations. The key control parameters for this purpose are the maximization of free cash flow through cost reductions, active working capital management and the reduction of capital expenditure.
Liquidity risks arise in particular when proceeds from revenues fall short of expectations due to a decline in demand, and when measures to reduce working capital and payment-relevant fixed costs are implemented insufficiently or with a delay.
In order to secure short- and medium-term liquidity, a reserve in the form of bank deposits and unused credit lines with banks is maintained. If necessary, excess cash and cash equivalents are invested in non-speculative, highly liquid financial instruments, mainly money market certificates, daily allowances, securities and other money market instruments, which generally mature in less than three months.
On the balance sheet date 31\u00a0December 2025, FACC had unused credit lines amounting to kEUR\u00a075,500 (previous year: kEUR\u00a070,500) at its disposal.
Receivables amounting to kUSD 203,100 (previous year: kUSD 163,100) can be sold as part of the factoring programs. As at 31.12.2025, receivables in the amount of kUSD 180,781 (previous year: kUSD 139,315) were sold.
The contractually agreed (undiscounted) cash flows (interest and principal payments) as well as the remaining terms of the financial liabilities are composed as follows:
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
The interest payments on variable rate loans in the table above reflect the market conditions for forward interest rates at the end of the financial year. These may change as market interest rates change. Future cash flows from derivative instruments may differ from the amounts shown in the table above as interest rates and exchange rates or the relevant conditions are subject to change. Target figures for future new liabilities are not included in the presentation. Financial liabilities repayable at any time are always assigned to the earliest maturity.
The high proportion of current financial liabilities to banks mainly relates to two facilities from the syndicated loan, which have to be redrawn on an ongoing basis due to the rules and regulations. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be carried out.
51.
Credit risks
As part of its business activities in the aviation industry, the Group mainly serves OEMs operating on the market. Notwithstanding diversification, FACC AG is exposed to a certain concentration risk in the credit market due to the limited number of aircraft manufacturers. In the 2025 financial year, the largest customer accounted for a receivables volume of kEUR 127,201. Due to the low probability of default and the option to sell selected receivables using factoring programs, this risk is significantly reduced.
There is also a general risk of default on the part of contractual partners. In order to limit this risk, the Group applies strict guidelines for credit checks: the financial situation of new customers is checked as early as the customer acquisition stage, and existing customers are also regularly assessed with regard to their creditworthiness. Above a defined threshold, customer receivables are additionally insured against default. Credit risks also arise from cash and cash equivalents, derivative financial instruments and deposits with banks and other financial institutions. Such transactions are only conducted with banks and financial institutions with a high credit rating.
In all cases, the maximum credit risk corresponds to the carrying amount of the financial assets reported in the balance sheet.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-370": { "value": "
25.
Other non-current financial assets
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Securities measured at fair value
382
384
Shares
71
71
\u00a0
453
455
These shares refer to the 3.01 percent stake in Techno-Z Ried Technologiezentrum GmbH, Ried im Innkreis and the 18.0 percent stake in AIRlabs Austria GmbH, Graz.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-371": { "value": "
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other financial receivables
11,069
11,331
Other non-financial receivables
10,860
0
\u00a0
21,929
11,331
The other financial receivables item mainly consists of deposits amounting to kEUR 11,331 (previous year: kEUR 11,069).
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasePrepaymentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-372": { "value": "
27.
Inventories
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Raw, auxiliary and operating materials
99,523
102,933
Unfinished products
57,878
50,492
Finished products
20,269
21,699
Advance payments made
628
546
\u00a0
178,298
175,670
\u00a0
\u00a0
\u00a0
Gross inventories
186,559
182,907
Valuation allowance
8,262
7,238
Net inventories
178,298
175,670
Inventories recorded as material expenses in the reporting period amount to kEUR\u00a0529,534 (previous year: kEUR\u00a0474,518).
As in the previous year, no inventories were assigned or pledged as collateral to secure financial instruments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-373": { "value": "
28.
Customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
23,675
23,393
Additions
22,759
25,121
Disposals
\u201323,041
\u201326,394
\u00a0
23,393
22,120
Customer-related engineering recorded as material expenses in the reporting period amounted to kEUR\u00a015,746 (previous year: kEUR\u00a012,692).
It is expected that customer-related engineering with a carrying amount of kEUR 3,661 (previous year: kEUR 3,661) will only be realized after a period of twelve months.
No customer-related engineering was assigned or pledged as collateral to secure financial instruments.
30.
Other receivables and deferred items
Other receivables and deferred items include:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial assets
\u00a0
\u00a0
Other
801
279
\u00a0
801
279
Other current non-financial assets
\u00a0
\u00a0
Other tax receivables (particularly VAT)
16,620
22,879
Deferred items
4,243
2,726
Other
2,306
1,842
\u00a0
23,169
27,448
\u00a0
23,969
27,726
Other receivables do not include any amounts of overdue receivables. Furthermore, no valuation allowances were recognized on these receivables.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-374": { "value": "
30.
Other receivables and deferred items
Other receivables and deferred items include:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial assets
\u00a0
\u00a0
Other
801
279
\u00a0
801
279
Other current non-financial assets
\u00a0
\u00a0
Other tax receivables (particularly VAT)
16,620
22,879
Deferred items
4,243
2,726
Other
2,306
1,842
\u00a0
23,169
27,448
\u00a0
23,969
27,726
Other receivables do not include any amounts of overdue receivables. Furthermore, no valuation allowances were recognized on these receivables.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-375": { "value": "
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial assets
\u00a0
\u00a0
Other
801
279
\u00a0
801
279
Other current non-financial assets
\u00a0
\u00a0
Other tax receivables (particularly VAT)
16,620
22,879
Deferred items
4,243
2,726
Other
2,306
1,842
\u00a0
23,169
27,448
\u00a0
23,969
27,726
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial liabilities
\u00a0
\u00a0
Liabilities to employees/salaried staff
10,111
10,005
Other
139
154
\u00a0
10,251
10,159
Other current non-financial liabilities
\u00a0
\u00a0
Liabilities from social security
5,139
5,437
Liabilities to tax authorities
528
487
Deferred items
968
637
Other
473
486
\u00a0
7,107
7,048
\u00a0
17,358
17,207
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-376": { "value": "
31.
Cash and cash equivalents
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Bank deposits
59,010
52,744
Cash balance
3
5
\u00a0
59,014
52,749
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-377": { "value": "
32.
Equity
The development of the Group\u2019s equity in the 2024 and 2025 financial years is shown in the Consolidated Statement of Changes in Equity.
The share capital of FACC AG amounted to kEUR 45,790 as at the balance sheet date of 31\u00a0December 2025, unchanged from the balance sheet date of31\u00a0December 2024, and is fully paid in. It is divided into 45,790,000 no-par value shares of EUR 1 each.
The capital reserve, which remains unchanged from the previous balance sheet date, amounts to kEUR\u00a0221,459.
Other reserves comprise the following items, all of which are recorded in other comprehensive income.
\u2022
Currency translation reserve: differences from currency conversion after taxes
\u2022
Revaluation reserve at \u201cfair value through other comprehensive income\u201d: change in value of other financial assets recognized at fair value
\u2022
Actuarial profits/losses: revaluation effects in accounting for defined benefit obligations towards employees in accordance with IAS\u00a019
\u2022
Cost of Hedging Reserve: Forward component of hedging transactions; these hedging transactions are hedging transactions for transactions in foreign currencies (cash flow hedges).
\u2022
Hedging reserve: changes in value of hedging transactions; these hedging transactions are transactions in foreign currencies (cash flow hedges).
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-378": { "value": "
The share capital of FACC AG amounted to kEUR 45,790 as at the balance sheet date of 31\u00a0December 2025, unchanged from the balance sheet date of31\u00a0December 2024, and is fully paid in. It is divided into 45,790,000 no-par value shares of EUR 1 each.
The capital reserve, which remains unchanged from the previous balance sheet date, amounts to kEUR\u00a0221,459.
Other reserves comprise the following items, all of which are recorded in other comprehensive income.
\u2022
Currency translation reserve: differences from currency conversion after taxes
\u2022
Revaluation reserve at \u201cfair value through other comprehensive income\u201d: change in value of other financial assets recognized at fair value
\u2022
Actuarial profits/losses: revaluation effects in accounting for defined benefit obligations towards employees in accordance with IAS\u00a019
\u2022
Cost of Hedging Reserve: Forward component of hedging transactions; these hedging transactions are hedging transactions for transactions in foreign currencies (cash flow hedges).
\u2022
Hedging reserve: changes in value of hedging transactions; these hedging transactions are transactions in foreign currencies (cash flow hedges).
47.
Derivative financial instruments and hedge accounting
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Furthermore, forward exchange contracts in US dollars (volume: kUSD 30,000; previous year: kUSD 25,000) were concluded during the year for the purpose of hedging the exchange rate of receivables from customer-related engineering. These transactions, however, were matured by the end of the balance sheet date.
Derivative financial instruments with a positive market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with positive fair value
0
0
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with positive fair value
10,036
10,036
0
Derivative financial instruments with a negative market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with negative fair value
17,872
17,872
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with negative fair value
1
1
0
The contract volume of foreign currency derivatives is broken down by maturity as follows:
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
Currency
Volume in thousands
Less than 1 year in thousands
1 to 2 years in thousands
3 to 5 years in thousands
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024:
Foreign currency derivatives
USD
405,000
405,000
0
0
As of 31\u00a0December 2025:
Foreign currency derivatives
USD
480,000
480,000
0
0

The following tables provide information on the forward exchange transactions designated as hedging instruments at the end of the reporting period:
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
\u00a0
Change in value used for calculating hedge ineffectiveness
Carrying amount cash flow hedge reserve
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Sell USD, buy EUR
11,934
\u20133,764
\u20139,189
2,898
The following table shows the effectiveness of the hedging relationships, and the amounts either reclassified from the reserve for cash flow hedges to profit or loss or directly recognized in profit or loss:
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
Due to 100 percent effectiveness, the change in value for calculating the ineffectiveness of the hedging relationship is identical for the hedged item and the hedging transaction.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-379": { "value": "
Capital management
The objective of capital management of FACC\u00a0Group is to maintain a strong capital base in order to address specific corporate risks (growth and development risks) with a balanced capital structure. For management, only book equity under IFRS is considered capital. The objective is to achieve an equity ratio of at least 40 percent.
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Equity
215,842
248,996
Balance sheet total
710,532
681,828
Equity ratio in %
30.4%
36.5%
Loan agreements of the Group contain a financial covenant governing the equity ratio in the Group, non-compliance with which would trigger an early repayment of financial liabilities. All relevant capital requirements were met in the year under review, like in previous year (see also Note\u00a038 \u2013 Financial liabilities).
The following adjustments were made to the financial covenant for syndicated loan:
\u00a0
31.12.2025
31.12.2026
Net Financial Debt/EBITDA
\u2264\u2610 3.75
\u2610 3.50
Equity ratio in %
25%
25%
The financial covenants for syndicated loan of the respective year shall also apply as of 30 June of the respective year (e.g. the value of 3.50 applies on 30 June 2026 and on 31 December 2026), and will be tested every six months. The creditors have a right of termination in the event that the financial ratios are exceeded.
For all relevant reporting dates after 31 December 2025, a net financial debt/EBITDA ratio of 3.5 and an equity ratio of at least 25 percent are required.
The Group expects that the covenants to be fulfilled every six months will be met within 12 months of the reporting date.
As of year-end 2025, the revolving credit line was utilized at kEUR 20,000 (previous year: kEUR 25,000), the Kontrollbank refinancing framework at kEUR 50,000 (previous year: kEUR 50,000), the investment financing at kEUR 19,200 (previous year: kEUR 24,800), and the export investment at kEUR 17,881 (previous year: kEUR 25,179).
The syndicated loan matures in mid-February 2027 and December 2027. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be possible.
Loans Outside the Syndicated Loan
On 17 September 2024, a loan amounting to kEUR 15,000 was concluded and fully utilized. The tranche is variable and is due for repayment after three years. The financing agreement contains an interest reduction clause of 30 basis points if the net financial debt/EBITDA ratio falls below 3.0 and an interest increase clause if the net financial debt/EBITDA ratio exceeds 4.5.
As of year-end 2025, this bilateral loan was utilized at kEUR 15,000 (previous year: kEUR 15,000).
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-380": { "value": "
Dividend per share
\u00a0
Total
EUR'000
Number of shares
Dividend per share
Dividend proposed for the financial year 2024 (Annual General Meeting of 6\u00a0May 2025)
0
45,790,000
0.00
Dividend proposed for the financial year 2025 (Annual General Meeting of 28\u00a0May 2026)
4,579
45,790,000
0.10
The basis for the proposal for the appropriation of profits for the financial year is the company's separate financial statements prepared in accordance with the provisions of the Austrian Commercial Code (UGB).
A dividend of EUR 0.10 will be proposed at the Annual General Meeting for 2025 financial year on 28\u00a0May 2026.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-381": { "value": "0.10", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-382": { "value": "
33.
Investment grants
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Investment grants, current
1,229
969
Investment grants, non-current
5,263
4,383
\u00a0
6,492
5,352
Some investment grants are tied to conditions that must be met over a certain period of time. These are essentially the requirements to leave the subsidized assets at the project location and not to sell them.
From the current perspective, the requirements are met and the reversal of the item is recognized in the income statement (cost of goods sold).
", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-383": { "value": "
34.
Employee benefit obligations
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Termination benefits
8,393
7,640
Anniversary bonuses
3,426
3,178
\u00a0
11,819
10,818
In the 2026 financial year, the expected payments from termination benefit and anniversary bonus obligations towards employees will amount to kEUR 51 and kEUR 203, respectively.
Termination benefits
The net liabilities under defined benefit plans for termination benefits developed as follows:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
8,139
8,393
Service cost
269
275
Interest expenses
219
255
Termination benefit payments
\u2013289
\u2013550
Revaluation effects in the period
\u201353
\u2013858
Other effects
108
125
\u00a0
8,393
7,640
Duration in years
11.85
10.66
\u00a0
The revaluation effects are composed of the following factors:
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Changes in expected values
247
\u2013264
Changes in underlying demographic assumptions
0
0
Changes in underlying financial assumptions
\u2013300
\u2013594
\u00a0
\u201353
\u2013858
All legal transitional regulations relating to retirement age have been taken into account. All expenses in connection with termination benefits are recorded under \u201cCost of goods sold\u201d, \u201cResearch and technology expenses\u201d, \u201cSelling expenses\u201d as well as \u201cAdministration expenses\u201d.
The valuation is based on the following assumptions:
\u00a0
31.12.2024
31.12.2025
Discounting interest rate
3.35%
4.12%
Salary increases
3.50%
3.50%
Fluctuations of salaried staff/employees
0%/0%
0%/0%
Retirement age for women/men
65/individually
65/individually
Life expectancy
AV\u00d6 2018-P
AV\u00d6 2018-P
An increase or decrease in the discount rate or salary increase of 0.5 percentage points would change the obligation as follows:
Discounting interest rate
Decrease by 0.5 percentage points
EUR'000
Increase by 0.5 percentage points
EUR'000
Change in obligations
as of 31\u00a0December 2024
454
\u2013420
Change in obligations
as of 31\u00a0December 2025
377
\u2013351
Salary increases
Decrease by 0.5 percentage points
EUR'000
Increase by 0.5 percentage points
EUR'000
Change in obligations
as of 31\u00a0December 2024
\u2013466
467
Change in obligations
as of 31\u00a0December 2025
\u2013355
377
Anniversary bonuses
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
2,810
3,426
Service cost
318
395
Interest expenses
101
110
Termination benefit payments
\u201350
0
Revaluation effects in the period
247
\u2013753
\u00a0
3,426
3,178
\u00a0
All expenses in connection with anniversary bonuses are recorded under \u201cCost of goods sold\u201d, \u201cResearch and technolgy expenses\u201d, \u201cSelling expenses\u201d as well as \u201cAdministration expenses\u201d.
In the 2025 financial year, kEUR\u00a03,420 (previous year: kEUR\u00a03,244) were paid into defined contribution plans (pension fund and employee pension fund in Austria).
37.
Other provisions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Term
\u00a0
As of
01.01.2024
EUR'000
Additions

EUR'000
Use

EUR'000
Disposal

EUR'000
As of
31.12.2024
EUR'000
Less than 1 year
EUR'000
More than 1 year
EUR'000
Provision for warranty claims
0
489
0
0
489
489
0
Provisions for legal and other disputes
32
280
0
\u201331
280
280
0
Other
1,246
1,414
\u2013980
\u2013163
1,518
1,518
0
\u00a0
1,278
2,183
\u2013980
\u2013195
2,287
2,287
0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Term
\u00a0
As of
01.01.2025
EUR'000
Additions

EUR'000
Use

EUR'000
Disposal

EUR'000
As of
31.12.2025
EUR'000
Less than 1 year
EUR'000
More than 1 year
EUR'000
Provision for warranty claims
489
0
\u2013481
\u20139
0
0
0
Provisions for legal and other disputes
280
0
\u2013129
0
152
152
0
Other
1,518
3,760
\u20131,683
\u201321
3,574
3,574
0
\u00a0
2,287
3,760
\u20132,292
\u201330
3,725
3,725
0
Accruals in connection with warranty claims are recognized exclusively for specific obligations.
Other provisions mainly comprise personnel-related provisions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-384": { "value": "
35.
Other liabilities, non-current
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other non-current financial liabilities
\u00a0
\u00a0
Repayment agreements with customers and suppliers
4,482
3,337
\u00a0
4,482
3,337
Other non-current non-financial liabilities
\u00a0
\u00a0
Other
0
0
\u00a0
0
0
\u00a0
4,482
3,337
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Promissory note loans (non-current and current)
69,500
69,500
Lease liabilities (non-current and current)
73,983
70,363
Other financial liabilities (current and non-current)
156,337
128,681
Employee benefit obligations
11,819
10,818
Contract liabilities from customer-related engineering
24,562
12,111
Trade payables
99,070
89,947
Liabilities towards related companies
10,312
20,203
Other non-current financial liabilities
4,482
3,337
Other current financial liabilities
10,251
10,159
\u00a0
460,316
415,118
US dollar
122,217
102,514
EUR
338,098
312,605
\u00a0
460,316
415,118
\u00a0
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
\u00a0
Receivables

31.12.2024
EUR'000
Liabilities

31.12.2024
EUR'000
Revenues and other income
2024
EUR'000
Expenses

2024
EUR'000
Parent company
0
0
0
0
Other related companies
18,404
0
43,519
30,774
Companies over which the parent company exercises control
5,633
10,312
8,484
8,364
\u00a0
24,038
10,312
52,003
39,137
\u00a0
Receivables

31.12.2025
EUR'000
Liabilities

31.12.2025
EUR'000
Revenues and other income
2025
EUR'000
Expenses

2025
EUR'000
Parent company
0
0
0
0
Other related companies
27,502
0
68,719
43,268
Companies over which the parent company exercises control
6,197
20,203
12,016
12,076
\u00a0
33,699
20,203
80,735
55,344
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-385": { "value": "
36.
Contract liabilities from customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,096
24,562
Increase
44,049
15,883
Reduction
\u201343,584
\u201328,334
\u00a0
24,562
12,111
Contract liabilities relates to advance payments from customers for tool and development activities, the costs of which are capitalized as part of customer-related development services. The amount of kEUR 24,562 (previous year: kEUR 24,096) reported under contract liabilities at the beginning of the period was recognized as sales revenue of kEUR 28,334 (previous year: kEUR 43,584) in the 2025 financial year.
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial liabilities
\u00a0
\u00a0
Liabilities to employees/salaried staff
10,111
10,005
Other
139
154
\u00a0
10,251
10,159
Other current non-financial liabilities
\u00a0
\u00a0
Liabilities from social security
5,139
5,437
Liabilities to tax authorities
528
487
Deferred items
968
637
Other
473
486
\u00a0
7,107
7,048
\u00a0
17,358
17,207
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-386": { "value": "
36.
Contract liabilities from customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,096
24,562
Increase
44,049
15,883
Reduction
\u201343,584
\u201328,334
\u00a0
24,562
12,111
Contract liabilities relates to advance payments from customers for tool and development activities, the costs of which are capitalized as part of customer-related development services. The amount of kEUR 24,562 (previous year: kEUR 24,096) reported under contract liabilities at the beginning of the period was recognized as sales revenue of kEUR 28,334 (previous year: kEUR 43,584) in the 2025 financial year.
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
40.
Other current liabilities and deferred items
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial liabilities
\u00a0
\u00a0
Liabilities to employees/salaried staff
10,111
10,005
Other
139
154
\u00a0
10,251
10,159
Other current non-financial liabilities
\u00a0
\u00a0
Liabilities from social security
5,139
5,437
Liabilities to tax authorities
528
487
Deferred items
968
637
Other
473
486
\u00a0
7,107
7,048
\u00a0
17,358
17,207
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-387": { "value": "
36.
Contract liabilities from customer-related engineering
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
As of 1\u00a0January
24,096
24,562
Increase
44,049
15,883
Reduction
\u201343,584
\u201328,334
\u00a0
24,562
12,111
Contract liabilities relates to advance payments from customers for tool and development activities, the costs of which are capitalized as part of customer-related development services. The amount of kEUR 24,562 (previous year: kEUR 24,096) reported under contract liabilities at the beginning of the period was recognized as sales revenue of kEUR 28,334 (previous year: kEUR 43,584) in the 2025 financial year.
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
40.
Other current liabilities and deferred items
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial liabilities
\u00a0
\u00a0
Liabilities to employees/salaried staff
10,111
10,005
Other
139
154
\u00a0
10,251
10,159
Other current non-financial liabilities
\u00a0
\u00a0
Liabilities from social security
5,139
5,437
Liabilities to tax authorities
528
487
Deferred items
968
637
Other
473
486
\u00a0
7,107
7,048
\u00a0
17,358
17,207
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-388": { "value": "
37.
Other provisions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Term
\u00a0
As of
01.01.2024
EUR'000
Additions

EUR'000
Use

EUR'000
Disposal

EUR'000
As of
31.12.2024
EUR'000
Less than 1 year
EUR'000
More than 1 year
EUR'000
Provision for warranty claims
0
489
0
0
489
489
0
Provisions for legal and other disputes
32
280
0
\u201331
280
280
0
Other
1,246
1,414
\u2013980
\u2013163
1,518
1,518
0
\u00a0
1,278
2,183
\u2013980
\u2013195
2,287
2,287
0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Term
\u00a0
As of
01.01.2025
EUR'000
Additions

EUR'000
Use

EUR'000
Disposal

EUR'000
As of
31.12.2025
EUR'000
Less than 1 year
EUR'000
More than 1 year
EUR'000
Provision for warranty claims
489
0
\u2013481
\u20139
0
0
0
Provisions for legal and other disputes
280
0
\u2013129
0
152
152
0
Other
1,518
3,760
\u20131,683
\u201321
3,574
3,574
0
\u00a0
2,287
3,760
\u20132,292
\u201330
3,725
3,725
0
Accruals in connection with warranty claims are recognized exclusively for specific obligations.
Other provisions mainly comprise personnel-related provisions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-389": { "value": "
38.
Financial liabilities
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
Accrued interest expenses are included in current financial liabilities.
Certain liabilities to financial institutions are secured by mortgages on company real estate and state guarantees for loans. The export credit under the Kontrollbank scheme is secured by export receivables in the amount of 120 percent of the outstanding credit agreement. The guarantee for certain liabilities to financial institutions in connection with land and buildings amounted to kEUR\u00a015,966 (previous year: kEUR\u00a015,966).
Promissory note loans
On 31 July 2019, promissory note loans totaling kEUR 70,000 were issued. The individual tranches are subject to both fixed and variable interest rates and are due for repayment after five, seven and ten years. The financing agreements contain a clause stipulating an interest rate increase of 50 basis points in the event that the net financial debt/EBITDA ratio exceeds 3.75. This interest rate increase clause has been in force since the financial year 2020 and will no longer apply from the 2024 financial year. The ratio is tested annually. The creditor has no right of termination.
On 31 July 2024, promissory note totaling kEUR 24,000 were issued to partially refinance the expired promissory note loans (in the amount of kEUR 24,500) from 31 July 2019. The individual tranches are subject to both fixed and variable interest rates and are due for repayment after five, seven and ten years. The financing agreement contains an interest reduction clause of 25 basis points if the net financial debt/EBITDA ratio falls below 3.5. In addition, creditors have a right of termination if the equity ratio is not at least 20 percent. The key figures are tested annually as on 31 December. The financial covenants for this promissory note loan were complied with as at 31\u00a0December 2025. The Group expects that the covenants to be met annually will also be met in the next 12 months after the reporting date.
As of the balance sheet date 31 December 2025, the promissory note loan from 31 July 2019, was recorded at kEUR 45,500 (previous year: kEUR 45,500), and the promissory note loan from 31 July 2024, was recorded at kEUR 24,000 (previous year: kEUR 24,000).
Liabilities towards credit institutions
Syndicated loan
The syndicated loan of kEUR 225,000, originally concluded on 29 August 2018, has been amended several times since then and was most recently adjusted again with effect from 23 October 2025, with five participating banks. As of the balance sheet date of 31 December 2025, there are four facilities with different purposes. Three of these facilities relate to OeKB programs. An OeKB equity financing facility with an original amount of kEUR 36,000 and an OeKB export investment facility with an original amount of kEUR 33,526 were concluded in the amendment dated 17 February 2023. They have a term until 31 December 2027. The OeKB Kontrollbank refinancing facility (KRR) in the amount of kEUR 50,000 was extended by one year until 17 February 2027, with effect from 23 October 2025. An OeKB Exportinvest facility originally amounting to kEUR 25,000, which was part of a syndicated loan originally concluded on 29 August 2018, was repaid on 30 June 2025. The revolving credit line with a volume of kEUR 95,500 was extended by one year until 17 February 2027, effective 23 October 2025. FACC AG and FACC Solutions Croatia d.o.o. continue to act as guarantors. With the exception of the control bank refinancing facility and the equity financing, which are secured by receivables, all facilities are unsecured.
The following adjustments were made to the financial covenant for syndicated loan:
\u00a0
31.12.2025
31.12.2026
Net Financial Debt/EBITDA
\u2264\u2610 3.75
\u2610 3.50
Equity ratio in %
25%
25%
The financial covenants for syndicated loan of the respective year shall also apply as of 30 June of the respective year (e.g. the value of 3.50 applies on 30 June 2026 and on 31 December 2026), and will be tested every six months. The creditors have a right of termination in the event that the financial ratios are exceeded.
For all relevant reporting dates after 31 December 2025, a net financial debt/EBITDA ratio of 3.5 and an equity ratio of at least 25 percent are required.
The Group expects that the covenants to be fulfilled every six months will be met within 12 months of the reporting date.
As of year-end 2025, the revolving credit line was utilized at kEUR 20,000 (previous year: kEUR 25,000), the Kontrollbank refinancing framework at kEUR 50,000 (previous year: kEUR 50,000), the investment financing at kEUR 19,200 (previous year: kEUR 24,800), and the export investment at kEUR 17,881 (previous year: kEUR 25,179).
The syndicated loan matures in mid-February 2027 and December 2027. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be possible.
Loans Outside the Syndicated Loan
On 17 September 2024, a loan amounting to kEUR 15,000 was concluded and fully utilized. The tranche is variable and is due for repayment after three years. The financing agreement contains an interest reduction clause of 30 basis points if the net financial debt/EBITDA ratio falls below 3.0 and an interest increase clause if the net financial debt/EBITDA ratio exceeds 4.5.
As of year-end 2025, this bilateral loan was utilized at kEUR 15,000 (previous year: kEUR 15,000).
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-390": { "value": "
38.
Financial liabilities
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
Accrued interest expenses are included in current financial liabilities.
Certain liabilities to financial institutions are secured by mortgages on company real estate and state guarantees for loans. The export credit under the Kontrollbank scheme is secured by export receivables in the amount of 120 percent of the outstanding credit agreement. The guarantee for certain liabilities to financial institutions in connection with land and buildings amounted to kEUR\u00a015,966 (previous year: kEUR\u00a015,966).
Promissory note loans
On 31 July 2019, promissory note loans totaling kEUR 70,000 were issued. The individual tranches are subject to both fixed and variable interest rates and are due for repayment after five, seven and ten years. The financing agreements contain a clause stipulating an interest rate increase of 50 basis points in the event that the net financial debt/EBITDA ratio exceeds 3.75. This interest rate increase clause has been in force since the financial year 2020 and will no longer apply from the 2024 financial year. The ratio is tested annually. The creditor has no right of termination.
On 31 July 2024, promissory note totaling kEUR 24,000 were issued to partially refinance the expired promissory note loans (in the amount of kEUR 24,500) from 31 July 2019. The individual tranches are subject to both fixed and variable interest rates and are due for repayment after five, seven and ten years. The financing agreement contains an interest reduction clause of 25 basis points if the net financial debt/EBITDA ratio falls below 3.5. In addition, creditors have a right of termination if the equity ratio is not at least 20 percent. The key figures are tested annually as on 31 December. The financial covenants for this promissory note loan were complied with as at 31\u00a0December 2025. The Group expects that the covenants to be met annually will also be met in the next 12 months after the reporting date.
As of the balance sheet date 31 December 2025, the promissory note loan from 31 July 2019, was recorded at kEUR 45,500 (previous year: kEUR 45,500), and the promissory note loan from 31 July 2024, was recorded at kEUR 24,000 (previous year: kEUR 24,000).
Liabilities towards credit institutions
Syndicated loan
The syndicated loan of kEUR 225,000, originally concluded on 29 August 2018, has been amended several times since then and was most recently adjusted again with effect from 23 October 2025, with five participating banks. As of the balance sheet date of 31 December 2025, there are four facilities with different purposes. Three of these facilities relate to OeKB programs. An OeKB equity financing facility with an original amount of kEUR 36,000 and an OeKB export investment facility with an original amount of kEUR 33,526 were concluded in the amendment dated 17 February 2023. They have a term until 31 December 2027. The OeKB Kontrollbank refinancing facility (KRR) in the amount of kEUR 50,000 was extended by one year until 17 February 2027, with effect from 23 October 2025. An OeKB Exportinvest facility originally amounting to kEUR 25,000, which was part of a syndicated loan originally concluded on 29 August 2018, was repaid on 30 June 2025. The revolving credit line with a volume of kEUR 95,500 was extended by one year until 17 February 2027, effective 23 October 2025. FACC AG and FACC Solutions Croatia d.o.o. continue to act as guarantors. With the exception of the control bank refinancing facility and the equity financing, which are secured by receivables, all facilities are unsecured.
The following adjustments were made to the financial covenant for syndicated loan:
\u00a0
31.12.2025
31.12.2026
Net Financial Debt/EBITDA
\u2264\u2610 3.75
\u2610 3.50
Equity ratio in %
25%
25%
The financial covenants for syndicated loan of the respective year shall also apply as of 30 June of the respective year (e.g. the value of 3.50 applies on 30 June 2026 and on 31 December 2026), and will be tested every six months. The creditors have a right of termination in the event that the financial ratios are exceeded.
For all relevant reporting dates after 31 December 2025, a net financial debt/EBITDA ratio of 3.5 and an equity ratio of at least 25 percent are required.
The Group expects that the covenants to be fulfilled every six months will be met within 12 months of the reporting date.
As of year-end 2025, the revolving credit line was utilized at kEUR 20,000 (previous year: kEUR 25,000), the Kontrollbank refinancing framework at kEUR 50,000 (previous year: kEUR 50,000), the investment financing at kEUR 19,200 (previous year: kEUR 24,800), and the export investment at kEUR 17,881 (previous year: kEUR 25,179).
The syndicated loan matures in mid-February 2027 and December 2027. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be possible.
Loans Outside the Syndicated Loan
On 17 September 2024, a loan amounting to kEUR 15,000 was concluded and fully utilized. The tranche is variable and is due for repayment after three years. The financing agreement contains an interest reduction clause of 30 basis points if the net financial debt/EBITDA ratio falls below 3.0 and an interest increase clause if the net financial debt/EBITDA ratio exceeds 4.5.
As of year-end 2025, this bilateral loan was utilized at kEUR 15,000 (previous year: kEUR 15,000).
50.
Liquidity risk
A key objective of FACC\u2019s risk management is to maintain constant financial solvency to meet current and future obligations. The key control parameters for this purpose are the maximization of free cash flow through cost reductions, active working capital management and the reduction of capital expenditure.
Liquidity risks arise in particular when proceeds from revenues fall short of expectations due to a decline in demand, and when measures to reduce working capital and payment-relevant fixed costs are implemented insufficiently or with a delay.
In order to secure short- and medium-term liquidity, a reserve in the form of bank deposits and unused credit lines with banks is maintained. If necessary, excess cash and cash equivalents are invested in non-speculative, highly liquid financial instruments, mainly money market certificates, daily allowances, securities and other money market instruments, which generally mature in less than three months.
On the balance sheet date 31\u00a0December 2025, FACC had unused credit lines amounting to kEUR\u00a075,500 (previous year: kEUR\u00a070,500) at its disposal.
Receivables amounting to kUSD 203,100 (previous year: kUSD 163,100) can be sold as part of the factoring programs. As at 31.12.2025, receivables in the amount of kUSD 180,781 (previous year: kUSD 139,315) were sold.
The contractually agreed (undiscounted) cash flows (interest and principal payments) as well as the remaining terms of the financial liabilities are composed as follows:
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
The interest payments on variable rate loans in the table above reflect the market conditions for forward interest rates at the end of the financial year. These may change as market interest rates change. Future cash flows from derivative instruments may differ from the amounts shown in the table above as interest rates and exchange rates or the relevant conditions are subject to change. Target figures for future new liabilities are not included in the presentation. Financial liabilities repayable at any time are always assigned to the earliest maturity.
The high proportion of current financial liabilities to banks mainly relates to two facilities from the syndicated loan, which have to be redrawn on an ongoing basis due to the rules and regulations. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be carried out.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-391": { "value": "
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 2 years

31.12.2024
EUR'000
3 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
0
10,500
13,500
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
0
32,500
8,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
2,083
2,083
0
0
0
2.907
Variable interest rate
137,896
85,815
10,815
41,265
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
58,784
8,762
9,739
15,762
24,522
3,015 to 4,828
Variable interest rate
15,199
580
589
1,827
12,202
6M Euribor + 1.95
Other interest-bearing liabilities
16,358
16,358
0
0
0
1.00 to 1,507
\u00a0
299,820
113,598
64,143
80,355
41,723
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 2 years

31.12.2025
EUR'000
3 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Nominal
interest

in %
Promissory note loans
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate (nominal capital: kEUR\u00a029,000)
29,000
10,500
1,500
12,000
5,000
1.30 bis 5,473
Variable interest rate
(nominal capital: kEUR\u00a040,500)
40,500
32,500
5,000
3,000
0
6M Euribor
+ 1.30 to 2.50
Liabilities towards credit institutions
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
0
0
0
0
0
\u00a0
Variable interest rate
122,081
80,815
41,265
0
0
OeKB interest rate resp. Euribor + 1.70 to 3.19
Lease liabilities
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fixed interest rate
55,744
10,292
9,351
12,871
23,230
3,015 to 4,828
Variable interest rate
14,619
589
599
1,858
11,572
6M Euribor + 1.95
Other interest-bearing liabilities
6,600
6,600
0
0
0
1.00 to 1,507
\u00a0
268,544
141,297
57,715
29,729
39,803
\u00a0
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-392": { "value": "
Accrued interest expenses are included in current financial liabilities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-393": { "value": "
Accrued interest expenses are included in current financial liabilities.
43.
Interest/dividend received or interest/taxes/dividends paid
FACC presents the item \u201cInterest received\u201d in the cash flow from operating activities. \u201cInterest paid\u201d is shown in the cash flow from financing activities.
Taxes paid are shown in the cash flow from operating activities.
Dividends paid or received are shown in the cash flow from financing activities.
Interest is recognized using the effective interest method.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-394": { "value": "
Certain liabilities to financial institutions are secured by mortgages on company real estate and state guarantees for loans. The export credit under the Kontrollbank scheme is secured by export receivables in the amount of 120 percent of the outstanding credit agreement. The guarantee for certain liabilities to financial institutions in connection with land and buildings amounted to kEUR\u00a015,966 (previous year: kEUR\u00a015,966).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-395": { "value": "
Certain liabilities to financial institutions are secured by mortgages on company real estate and state guarantees for loans. The export credit under the Kontrollbank scheme is secured by export receivables in the amount of 120 percent of the outstanding credit agreement. The guarantee for certain liabilities to financial institutions in connection with land and buildings amounted to kEUR\u00a015,966 (previous year: kEUR\u00a015,966).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-396": { "value": "
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Other current financial liabilities
\u00a0
\u00a0
Liabilities to employees/salaried staff
10,111
10,005
Other
139
154
\u00a0
10,251
10,159
Other current non-financial liabilities
\u00a0
\u00a0
Liabilities from social security
5,139
5,437
Liabilities to tax authorities
528
487
Deferred items
968
637
Other
473
486
\u00a0
7,107
7,048
\u00a0
17,358
17,207
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-397": { "value": "
NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
The Consolidated Statement of Cash Flows of FACC illustrates how cash and cash equivalents have changed in the course of the reporting year through cash inflows and outflows. Cash and cash equivalents (fund of cash and cash equivalents) include cash balances, checks received and bank balances available at all times.
41.
Other non-cash expenses/income
In the Consolidated Statement of Cash Flows changes in the presented balance sheet items cannot be derived directly from the balance sheet as non-cash effects from currency translation and other non-cash business transactions are neutralized. Non-cash expenses and income essentially comprise:
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Effects from foreign exchange rates
\u20135,604
15,847
Measurement of derivatives in earnings before interest and tax (hedging)
11,097
\u201312,209
Recognition of deferred tax assets/liabilities
\u201373
\u2013244
Impairment on inventories
249
\u20131,024
Valuation allowance of receibables
\u20131,745
\u2013231
Changes in estimates of receivables from customer-related engineering and contract assets
64
349
Remaining other non-cash expenses/income
64
59
\u00a0
4,052
2,546
\u00a0
\u00a0
\u00a0
Cash change
Non-cash changes
\u00a0
\u00a0
Carrying amount
01.01.2024
EUR'000
Change


EUR'000
Lease
liabilities

EUR'000
Other


EUR'000
Carrying amount
31.12.2024
EUR'000
Promissory note loans (current and non-current)
70,000
\u2013500
0
0
69,500
Other financial liabilities (current and non-current)
165,770
\u20139,433
0
0
156,337
Lease liabilities (current and non-current)
72,135
\u201310,570
12,383
35
73,983
\u00a0
307,905
\u201320,503
12,383
35
299,820
\u00a0
\u00a0
Cash change
Non-cash changes
\u00a0
\u00a0
Carrying amount
01.01.2025
EUR'000
Change


EUR'000
Lease
liabilities

EUR'000
Other


EUR'000
Carrying amount
31.12.2025
EUR'000
Promissory note loans (current and non-current)
69,500
0
0
0
69,500
Other financial liabilities (current and non-current)
156,337
\u201327,656
0
0
128,681
Lease liabilities (current and non-current)
73,983
\u201310,640
7,152
\u2013132
70,363
\u00a0
299,820
\u201338,296
7,152
\u2013132
268,544
42.
Factoring
The derecognition of receivables in connection with factoring programs reduces the level of trade receivables in the operating cash flow. Please also see Note 29 \u2013 Trade receivables
43.
Interest/dividend received or interest/taxes/dividends paid
FACC presents the item \u201cInterest received\u201d in the cash flow from operating activities. \u201cInterest paid\u201d is shown in the cash flow from financing activities.
Taxes paid are shown in the cash flow from operating activities.
Dividends paid or received are shown in the cash flow from financing activities.
44.
Non-cash payments for the acquisition of non-current assets
In the course of the 2025 financial year, the FACC Group acquired assets that were not yet included in the cash flow as they had not been (fully) paid as of the balance sheet date. At the same time, liabilities from capital investments that had already been acquired in the previous year and are therefore included in the cash flow of this financial year were repaid. This resulted in a decrease in the cash flow from investments of kEUR 2,559 in the 2025 financial year (previous year: decrease of kEUR
186).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-398": { "value": "
FACC presents the item \u201cInterest received\u201d in the cash flow from operating activities. \u201cInterest paid\u201d is shown in the cash flow from financing activities.
Taxes paid are shown in the cash flow from operating activities.
Dividends paid or received are shown in the cash flow from financing activities.
The lease liability is initially recognized at the present value of the unpaid lease payments at inception. The initial liability is discounted at the implicit interest rate of the lease or, if this interest rate cannot be readily determined, at the incremental borrowing rate.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-399": { "value": "
FACC presents the item \u201cInterest received\u201d in the cash flow from operating activities. \u201cInterest paid\u201d is shown in the cash flow from financing activities.
Taxes paid are shown in the cash flow from operating activities.
Dividends paid or received are shown in the cash flow from financing activities.
The lease liability is initially recognized at the present value of the unpaid lease payments at inception. The initial liability is discounted at the implicit interest rate of the lease or, if this interest rate cannot be readily determined, at the incremental borrowing rate.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-400": { "value": "
45.
Determination of fair value
The fair value of financial instruments is determined in three steps, which reflect the degree of certainty of measurement. FACC employs the following hierarchy levels to assign a valuation method to financial instruments measured at fair value:
Level 1: valuation based on market prices for a specific financial instrument
Level 2: valuation by means of market prices for similar instruments or valuation models based exclusively on valuation parameters observable on the market
Level 3: valuation based on models with significant valuation parameters that are not observable on the market
The following tables show the valuation techniques used in determining fair values as well as the most significant unobservable input factors used:
Type
Valuation method
Significant non-observable input factors
Connection between significant non-observable input factors and fair value measurement
Financial instruments measured at fair value
\u00a0
\u00a0
\u00a0
Securities (quoted)
Current stock market price on the balance sheet date
Not-applicable
Not-applicable
Forward exchange transactions
The fair value is determined using quoted forward rates on the reporting date and net present value calculations based on yield curves with high credit ratings in corresponding currencies.
Not-applicable
Not-applicable
Trade receivables (within factoring)
Carrying amounts as a best estimate of fair values
Not-applicable
Not-applicable
Financial instruments not measured at fair value
\u00a0
\u00a0
\u00a0
Other interest-bearing liabilities
Discounting of cash flows
Risk premium for own credit risk
Not-applicable
No shifts occurred between the individual valuation levels in the financial year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-401": { "value": "
45.
Determination of fair value
The fair value of financial instruments is determined in three steps, which reflect the degree of certainty of measurement. FACC employs the following hierarchy levels to assign a valuation method to financial instruments measured at fair value:
Level 1: valuation based on market prices for a specific financial instrument
Level 2: valuation by means of market prices for similar instruments or valuation models based exclusively on valuation parameters observable on the market
Level 3: valuation based on models with significant valuation parameters that are not observable on the market
The following tables show the valuation techniques used in determining fair values as well as the most significant unobservable input factors used:
Type
Valuation method
Significant non-observable input factors
Connection between significant non-observable input factors and fair value measurement
Financial instruments measured at fair value
\u00a0
\u00a0
\u00a0
Securities (quoted)
Current stock market price on the balance sheet date
Not-applicable
Not-applicable
Forward exchange transactions
The fair value is determined using quoted forward rates on the reporting date and net present value calculations based on yield curves with high credit ratings in corresponding currencies.
Not-applicable
Not-applicable
Trade receivables (within factoring)
Carrying amounts as a best estimate of fair values
Not-applicable
Not-applicable
Financial instruments not measured at fair value
\u00a0
\u00a0
\u00a0
Other interest-bearing liabilities
Discounting of cash flows
Risk premium for own credit risk
Not-applicable
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-402": { "value": "
46.
Classifications and fair values
The following table shows the carrying amounts and fair values of financial assets and financial liabilities by class and measurement category in accordance with IFRS 9, including their positions in the fair value hierarchy.
Information on the fair value of financial assets and financial liabilities, which have not been measured at fair value is omitted if the carrying amount constitutes a reasonable approximation of the fair value.
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
For receivables from customer-related engineering, trade receivables, receivables from related companies, current, other current financial assets, cash and cash equivalents, trade payables, liabilities towards related companies and other current financial liabilities, the carrying amount is only an approximation of fair value.
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-403": { "value": "
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
47.
Derivative financial instruments and hedge accounting
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Furthermore, forward exchange contracts in US dollars (volume: kUSD 30,000; previous year: kUSD 25,000) were concluded during the year for the purpose of hedging the exchange rate of receivables from customer-related engineering. These transactions, however, were matured by the end of the balance sheet date.
Derivative financial instruments with a positive market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with positive fair value
0
0
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with positive fair value
10,036
10,036
0
Derivative financial instruments with a negative market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with negative fair value
17,872
17,872
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with negative fair value
1
1
0
The contract volume of foreign currency derivatives is broken down by maturity as follows:
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
Currency
Volume in thousands
Less than 1 year in thousands
1 to 2 years in thousands
3 to 5 years in thousands
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024:
Foreign currency derivatives
USD
405,000
405,000
0
0
As of 31\u00a0December 2025:
Foreign currency derivatives
USD
480,000
480,000
0
0

The following tables provide information on the forward exchange transactions designated as hedging instruments at the end of the reporting period:
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
\u00a0
Change in value used for calculating hedge ineffectiveness
Carrying amount cash flow hedge reserve
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Sell USD, buy EUR
11,934
\u20133,764
\u20139,189
2,898
The following table shows the effectiveness of the hedging relationships, and the amounts either reclassified from the reserve for cash flow hedges to profit or loss or directly recognized in profit or loss:
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
Due to 100 percent effectiveness, the change in value for calculating the ineffectiveness of the hedging relationship is identical for the hedged item and the hedging transaction.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-404": { "value": "
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Level 1

31.12.2024
EUR'000
Level 2

31.12.2024
EUR'000
Level 3

31.12.2024
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
24,518
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,069
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
80,284
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
24,038
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
801
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
59,014
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
199,722
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
382
382
382
\u00a0
\u00a0
\u00a0
382
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
123
\u00a0
123
\u00a0
\u00a0
71
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,282
\u00a0
69,282
\u00a0
Other financial liabilities (current and non-current)
156,337
157,747
\u00a0
\u00a0
157,747
Trade payables
99,070
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
10,312
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
4,482
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,251
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
374,514
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
\u00a0
17,872
\u00a0
\u00a0
17,872
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Fair value
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Level 1

31.12.2025
EUR'000
Level 2

31.12.2025
EUR'000
Level 3

31.12.2025
EUR'000
FINANCIAL ASSETS
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from customer-related engineering
26,418
\u00a0
\u00a0
\u00a0
\u00a0
Other financial receivables
11,331
\u00a0
\u00a0
\u00a0
\u00a0
Trade receivables
68,849
\u00a0
\u00a0
\u00a0
\u00a0
Receivables from related companies, current
33,699
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial assets
279
\u00a0
\u00a0
\u00a0
\u00a0
Cash and cash equivalents
52,749
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
193,326
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through other comprehensive income
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (quoted)
384
384
384
\u00a0
\u00a0
\u00a0
384
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Other financial assets \u2013 securities (unquoted)
71
60
\u00a0
60
\u00a0
Derivative financial instruments
10,036
10,036
\u00a0
10,036
\u00a0
\u00a0
10,107
\u00a0
\u00a0
\u00a0
\u00a0
FINANCIAL LIABILITIES
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans (current and non-current)
69,500
69,808
\u00a0
69,808
\u00a0
Other financial liabilities (current and non-current)
128,681
129,987
\u00a0
\u00a0
129,987
Trade payables
89,947
\u00a0
\u00a0
\u00a0
\u00a0
Liabilities towards related companies
20,203
\u00a0
\u00a0
\u00a0
\u00a0
Other non-current financial liabilities
3,337
\u00a0
\u00a0
\u00a0
\u00a0
Other current financial liabilities
10,159
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
333,937
\u00a0
\u00a0
\u00a0
\u00a0
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
\u00a0
1
\u00a0
\u00a0
1
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments with a positive market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with positive fair value
0
0
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with positive fair value
10,036
10,036
0
Derivative financial instruments with a negative market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with negative fair value
17,872
17,872
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with negative fair value
1
1
0
The contract volume of foreign currency derivatives is broken down by maturity as follows:
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
Currency
Volume in thousands
Less than 1 year in thousands
1 to 2 years in thousands
3 to 5 years in thousands
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024:
Foreign currency derivatives
USD
405,000
405,000
0
0
As of 31\u00a0December 2025:
Foreign currency derivatives
USD
480,000
480,000
0
0

The following tables provide information on the forward exchange transactions designated as hedging instruments at the end of the reporting period:
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
\u00a0
Change in value used for calculating hedge ineffectiveness
Carrying amount cash flow hedge reserve
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Sell USD, buy EUR
11,934
\u20133,764
\u20139,189
2,898
The following table shows the effectiveness of the hedging relationships, and the amounts either reclassified from the reserve for cash flow hedges to profit or loss or directly recognized in profit or loss:
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
Due to 100 percent effectiveness, the change in value for calculating the ineffectiveness of the hedging relationship is identical for the hedged item and the hedging transaction.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-405": { "value": "
47.
Derivative financial instruments and hedge accounting
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Furthermore, forward exchange contracts in US dollars (volume: kUSD 30,000; previous year: kUSD 25,000) were concluded during the year for the purpose of hedging the exchange rate of receivables from customer-related engineering. These transactions, however, were matured by the end of the balance sheet date.
Derivative financial instruments with a positive market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with positive fair value
0
0
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with positive fair value
10,036
10,036
0
Derivative financial instruments with a negative market value
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2024
EUR'000
Less than 1 year
31.12.2024
EUR'000
More than 1 year
31.12.2024
EUR'000
Forward exchange transactions with negative fair value
17,872
17,872
0
\u00a0
\u00a0
Remaining term
\u00a0
Carrying amount
31.12.2025
EUR'000
Less than 1 year
31.12.2025
EUR'000
More than 1 year
31.12.2025
EUR'000
Forward exchange transactions with negative fair value
1
1
0
The contract volume of foreign currency derivatives is broken down by maturity as follows:
\u00a0
\u00a0
\u00a0
Remaining term
\u00a0
Currency
Volume in thousands
Less than 1 year in thousands
1 to 2 years in thousands
3 to 5 years in thousands
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
As of 31\u00a0December 2024:
Foreign currency derivatives
USD
405,000
405,000
0
0
As of 31\u00a0December 2025:
Foreign currency derivatives
USD
480,000
480,000
0
0

The following tables provide information on the forward exchange transactions designated as hedging instruments at the end of the reporting period:
Cash flow hedges (OCI)
31\u00a0December 2024
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.0978
300,000
273,283
\u201311,934
Cash flow hedges (OCI)
31\u00a0December 2025
Instrument
Average exchange rate
Notional value in foreign currency
Notional value in local currency
Change in fair value used for calculating hedge ineffectiveness
\u00a0
\u00a0
\u00a0
USD'000
EUR'000
EUR'000
Sell USD, buy EUR
FX Forward
1.1724
360,000
307,065
3,764
\u00a0
Change in value used for calculating hedge ineffectiveness
Carrying amount cash flow hedge reserve
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Sell USD, buy EUR
11,934
\u20133,764
\u20139,189
2,898
The following table shows the effectiveness of the hedging relationships, and the amounts either reclassified from the reserve for cash flow hedges to profit or loss or directly recognized in profit or loss:
\u00a0
Current period hedging gains (losses) recognized in OCI
Amount reclassified to profit and loss
Line item in profit and loss in which reclassification adjustment is included
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
\u00a0
Sell USD, buy EUR
\u201311,934
3,764
\u201311,097
12,209
Revenues
Due to 100 percent effectiveness, the change in value for calculating the ineffectiveness of the hedging relationship is identical for the hedged item and the hedging transaction.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-406": { "value": "
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Hedge Accounting
The Group concludes forward exchange transactions to hedge the foreign currency risk in connection with particular planned foreign currency sales.
The special provisions of IFRS 9 on hedge accounting are applied to offset the effects of the hedged transaction and the hedging instrument in the income statement. The fair values resulting as of the balance sheet date are recognized in other comprehensive income, taking into account deferred taxes, and reported under reserves in accordance with IFRS 9. They are reversed to profit or loss according to their future realization in the relevant financial year.
In addition, the Group enters into forward exchange contracts to hedge the exchange rates of certain balance sheet items.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-407": { "value": "
The hedging strategies employed by the Group\u2019s Accounting & Treasury department are designed to control and minimize the impact of exchange rate fluctuations. The Management Board approves the strategies and reports regularly to the Supervisory Board.
The risk management conducted by the Group\u2019s Accounting & Treasury department pursues the objective of hedging at least 80 percent of expected net cash flows in USD (from revenues and purchases of raw materials) for the next twelve months (on a rolling monthly basis). If market levels are favorable, hedging periods can be extended to up to 36 months. The Group generally does not use derivative financial instruments for speculative purposes.
Forward exchange transactions qualifying as hedges are recorded as cash flow hedges according to IFRS\u00a09.
Under hedge accounting, future cash receipts in the amount of the Net-Exposure in USD from particular orders already contracted or future transactions, which are expected to occur with a high probability, are designated as hedged items together with the related forward exchange transactions, which are designated as hedging instruments.
The economic relationship between the hedged item and the hedging instrument is determined by comparing the various risk factors with an impact on their respective values. If the critical terms of the hedged item and the hedging instrument are completely or nearly identical, the underlying economic relationship can be demonstrated using the critical terms match method. In all other cases, depending on the extent to which the critical terms differ, either sensitivity analyses or variations of the dollar-offset methods are used to demonstrate the effectiveness of the hedging relationship.
Deviations between the critical terms of the hedged item and the hedging instrument can give rise to inefficiencies. With foreign currency hedging, a mismatch between the time of receipt of the cash flows from the hedged item and the settlement of the forward exchange transactions designated as hedging instruments is an example of such inefficiency. Beyond that, no other sources of inefficiency exist.
To hedge the currency risk, the spot element of the forward exchange transactions concluded for hedging purposes is designated, while the forward elements are excluded from designation as hedging instruments and recognized separately as cost of hedging and reported in a separate reserve in equity. As the underlying values of the hedged item and the hedging instrument always match, the hedge ratio is always 1:1, i.e. the designated quantity or the designated volume of the hedging instrument corresponds to the designated quantity or the designated volume of the hedged item.
Derivative financial instruments
Derivative financial instruments for which the criteria of IFRS 9 for hedge accounting are not met are classified and recognized at fair value through profit or loss in accordance with IFRS 9.
Hedge Accounting
The Group concludes forward exchange transactions to hedge the foreign currency risk in connection with particular planned foreign currency sales.
The special provisions of IFRS 9 on hedge accounting are applied to offset the effects of the hedged transaction and the hedging instrument in the income statement. The fair values resulting as of the balance sheet date are recognized in other comprehensive income, taking into account deferred taxes, and reported under reserves in accordance with IFRS 9. They are reversed to profit or loss according to their future realization in the relevant financial year.
In addition, the Group enters into forward exchange contracts to hedge the exchange rates of certain balance sheet items.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-408": { "value": "
FINANCIAL RISK
48.
Principles of financial risk management and hedging guidelines
In the course of the FACC Group's international business activities, various financial risks and opportunities arise that may affect the Group's earnings, financial and asset position. The main potential risks include market price, credit and liquidity risks. The aim of financial risk management is to identify potential adverse effects from these factors at an early stage and to counter them with suitable measures. At the same time, financial opportunities that arise are exploited in a targeted manner to ensure the long-term stability and competitiveness of the company.
The principles and responsibilities for the management and control of financial risks are defined by the entire Management Board and continuously monitored by the Supervisory Board as well as by internal control mechanisms. The FACC Group has defined internal guidelines for this purpose, which regulate the risk management processes and the use of financial instruments. The separation of functions between trading and settlement is a key component of the control mechanisms. Financial transactions are carried out exclusively to hedge existing risks and are strictly based on the actual requirements of the operating business. Speculative transactions are generally excluded.
The Group's Accounting & Treasury department identifies, assesses and manages financial risks in close coordination with the operating units. The measures taken are regularly adapted to changing market conditions to ensure their effectiveness. Financial instruments and hedge accounting are used specifically to hedge financial risks in accordance with the applicable accounting standards. Hedging transactions are concluded on the basis of defined internal guidelines and regularly reviewed with regard to their effectiveness and efficiency.
Forward exchange transactions in particular are used to limit currency risks from foreign currency transactions. The scope of hedging transactions is continuously adjusted to actual requirements in order to ensure effective economic hedging. All financial transactions are carried out exclusively with counterparties that meet internal standards. Collaboration with these partners is based on standardized guidelines and is subject to ongoing monitoring.
Counterparty risk is also included to hedge financial risks, as payment defaults on the part of business partners could impair the company's financial stability. To minimize this risk, transactions are only carried out with audited and approved counterparties within defined limits.
49.
Market price risk
Currency risk
The majority of sales revenues of the FACC Group companies are generated in US dollars (USD), while a significant portion of expenses are incurred in euros (EUR). This discrepancy between cash flows in different currencies creates a foreign currency risk that can have a direct impact on the FACC Group's operating business as well as its net assets, financial position and results of operations. Natural hedging, which results from the partial offsetting of income and expenses in USD and EUR, reduces this risk but does not completely eliminate it.
The FACC Group uses derivative financial instruments such as forward exchange contracts to limit exchange rate risks, particularly in relation to the USD/EUR exchange rate. These instruments are used to hedge future cash flows in foreign currencies and are intended to reduce the potential negative effects of exchange rate fluctuations on earnings before interest and taxes (EBIT) and the Group's financial position.
The following overview shows the composition of receivables, other assets and liabilities by currency. Currency risks are analyzed and measured on this basis.
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Promissory note loans (non-current and current)
69,500
69,500
Lease liabilities (non-current and current)
73,983
70,363
Other financial liabilities (current and non-current)
156,337
128,681
Employee benefit obligations
11,819
10,818
Contract liabilities from customer-related engineering
24,562
12,111
Trade payables
99,070
89,947
Liabilities towards related companies
10,312
20,203
Other non-current financial liabilities
4,482
3,337
Other current financial liabilities
10,251
10,159
\u00a0
460,316
415,118
US dollar
122,217
102,514
EUR
338,098
312,605
\u00a0
460,316
415,118
\u00a0
Sensitivity analyses were carried out to assess currency risks in accordance with IFRS 7 requirements. All monetary financial instruments were considered if they are reported in a currency other than the functional currency of the respective Group company. This applies in particular to receivables, liabilities, cash, cash equivalents and foreign currency derivatives.
The sensitivity of equity also takes into account measurement effects from the cash flow hedges for foreign currency risks recognized in other comprehensive income. Translation differences resulting from the translation of financial statements in currencies other than the Group currency are not affected by the analyses.
A 5 percent change in the EUR-USD exchange rate would produce the following effects:
Revaluation (+)/devaluation (\u2013)
5% devaluation
5% revaluation
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Changes in Consolidated Profit and Loss Statement
878
1,847
\u2013795
\u20131,671
Changes in comprehensive income/loss
\u201315,450
\u201316,229
13,980
14,708
Changes to equity
\u201314,572
\u201314,382
13,185
13,037
Interest rate risk
The interest rate risk results from the average term of the financing and the respective interest rate structure. In the case of fixed-interest financing, the risk lies in falling interest rates, while in the case of variable-interest financing, the risk arises from rising interest rates.
An increase in the interest rate level by 100 basis points would have resulted in a reduction in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275). A reduction in the interest rate level by 100 basis points would have resulted in an increase in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275).
The sensitivity calculation is based on the variable-interest assets and liabilities.
The Group uses various financing instruments (syndicated loans and promissory note loans) for financing purposes. The facilities under the syndicated loan have different collateral, terms and repayment structures, which also allows the interest rate risk to be managed. In the case of promissory note loans, the interest rate risk is managed through a combination of variable and fixed interest rates and different maturities.
50.
Liquidity risk
A key objective of FACC\u2019s risk management is to maintain constant financial solvency to meet current and future obligations. The key control parameters for this purpose are the maximization of free cash flow through cost reductions, active working capital management and the reduction of capital expenditure.
Liquidity risks arise in particular when proceeds from revenues fall short of expectations due to a decline in demand, and when measures to reduce working capital and payment-relevant fixed costs are implemented insufficiently or with a delay.
In order to secure short- and medium-term liquidity, a reserve in the form of bank deposits and unused credit lines with banks is maintained. If necessary, excess cash and cash equivalents are invested in non-speculative, highly liquid financial instruments, mainly money market certificates, daily allowances, securities and other money market instruments, which generally mature in less than three months.
On the balance sheet date 31\u00a0December 2025, FACC had unused credit lines amounting to kEUR\u00a075,500 (previous year: kEUR\u00a070,500) at its disposal.
Receivables amounting to kUSD 203,100 (previous year: kUSD 163,100) can be sold as part of the factoring programs. As at 31.12.2025, receivables in the amount of kUSD 180,781 (previous year: kUSD 139,315) were sold.
The contractually agreed (undiscounted) cash flows (interest and principal payments) as well as the remaining terms of the financial liabilities are composed as follows:
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
The interest payments on variable rate loans in the table above reflect the market conditions for forward interest rates at the end of the financial year. These may change as market interest rates change. Future cash flows from derivative instruments may differ from the amounts shown in the table above as interest rates and exchange rates or the relevant conditions are subject to change. Target figures for future new liabilities are not included in the presentation. Financial liabilities repayable at any time are always assigned to the earliest maturity.
The high proportion of current financial liabilities to banks mainly relates to two facilities from the syndicated loan, which have to be redrawn on an ongoing basis due to the rules and regulations. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be carried out.
51.
Credit risks
As part of its business activities in the aviation industry, the Group mainly serves OEMs operating on the market. Notwithstanding diversification, FACC AG is exposed to a certain concentration risk in the credit market due to the limited number of aircraft manufacturers. In the 2025 financial year, the largest customer accounted for a receivables volume of kEUR 127,201. Due to the low probability of default and the option to sell selected receivables using factoring programs, this risk is significantly reduced.
There is also a general risk of default on the part of contractual partners. In order to limit this risk, the Group applies strict guidelines for credit checks: the financial situation of new customers is checked as early as the customer acquisition stage, and existing customers are also regularly assessed with regard to their creditworthiness. Above a defined threshold, customer receivables are additionally insured against default. Credit risks also arise from cash and cash equivalents, derivative financial instruments and deposits with banks and other financial institutions. Such transactions are only conducted with banks and financial institutions with a high credit rating.
In all cases, the maximum credit risk corresponds to the carrying amount of the financial assets reported in the balance sheet.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-409": { "value": "
49.
Market price risk
Currency risk
The majority of sales revenues of the FACC Group companies are generated in US dollars (USD), while a significant portion of expenses are incurred in euros (EUR). This discrepancy between cash flows in different currencies creates a foreign currency risk that can have a direct impact on the FACC Group's operating business as well as its net assets, financial position and results of operations. Natural hedging, which results from the partial offsetting of income and expenses in USD and EUR, reduces this risk but does not completely eliminate it.
The FACC Group uses derivative financial instruments such as forward exchange contracts to limit exchange rate risks, particularly in relation to the USD/EUR exchange rate. These instruments are used to hedge future cash flows in foreign currencies and are intended to reduce the potential negative effects of exchange rate fluctuations on earnings before interest and taxes (EBIT) and the Group's financial position.
The following overview shows the composition of receivables, other assets and liabilities by currency. Currency risks are analyzed and measured on this basis.
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Receivables from customer-related engineering
24,518
26,418
Other financial assets
453
455
Receivables from related companies, non-current
0
0
Other financial receivables
11,069
11,331
Trade receivables
80,284
68,849
Receivables from related companies, current
24,038
33,699
Other current financial assets
801
279
Cash and cash equivalents
59,014
52,749
\u00a0
200,176
193,781
US dollar
170,497
142,258
EUR
29,678
51,523
\u00a0
200,176
193,781
\u00a0
\u00a0
31.12.2024
31.12.2025
\u00a0
EUR'000
EUR'000
Promissory note loans (non-current and current)
69,500
69,500
Lease liabilities (non-current and current)
73,983
70,363
Other financial liabilities (current and non-current)
156,337
128,681
Employee benefit obligations
11,819
10,818
Contract liabilities from customer-related engineering
24,562
12,111
Trade payables
99,070
89,947
Liabilities towards related companies
10,312
20,203
Other non-current financial liabilities
4,482
3,337
Other current financial liabilities
10,251
10,159
\u00a0
460,316
415,118
US dollar
122,217
102,514
EUR
338,098
312,605
\u00a0
460,316
415,118
\u00a0
Sensitivity analyses were carried out to assess currency risks in accordance with IFRS 7 requirements. All monetary financial instruments were considered if they are reported in a currency other than the functional currency of the respective Group company. This applies in particular to receivables, liabilities, cash, cash equivalents and foreign currency derivatives.
The sensitivity of equity also takes into account measurement effects from the cash flow hedges for foreign currency risks recognized in other comprehensive income. Translation differences resulting from the translation of financial statements in currencies other than the Group currency are not affected by the analyses.
A 5 percent change in the EUR-USD exchange rate would produce the following effects:
Revaluation (+)/devaluation (\u2013)
5% devaluation
5% revaluation
\u00a0
31.12.2024
EUR'000
31.12.2025
EUR'000
31.12.2024
EUR'000
31.12.2025
EUR'000
Changes in Consolidated Profit and Loss Statement
878
1,847
\u2013795
\u20131,671
Changes in comprehensive income/loss
\u201315,450
\u201316,229
13,980
14,708
Changes to equity
\u201314,572
\u201314,382
13,185
13,037
Interest rate risk
The interest rate risk results from the average term of the financing and the respective interest rate structure. In the case of fixed-interest financing, the risk lies in falling interest rates, while in the case of variable-interest financing, the risk arises from rising interest rates.
An increase in the interest rate level by 100 basis points would have resulted in a reduction in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275). A reduction in the interest rate level by 100 basis points would have resulted in an increase in earnings after taxes and equity of kEUR 2,422 (previous year: kEUR 2,275).
The sensitivity calculation is based on the variable-interest assets and liabilities.
The Group uses various financing instruments (syndicated loans and promissory note loans) for financing purposes. The facilities under the syndicated loan have different collateral, terms and repayment structures, which also allows the interest rate risk to be managed. In the case of promissory note loans, the interest rate risk is managed through a combination of variable and fixed interest rates and different maturities.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-410": { "value": "
50.
Liquidity risk
A key objective of FACC\u2019s risk management is to maintain constant financial solvency to meet current and future obligations. The key control parameters for this purpose are the maximization of free cash flow through cost reductions, active working capital management and the reduction of capital expenditure.
Liquidity risks arise in particular when proceeds from revenues fall short of expectations due to a decline in demand, and when measures to reduce working capital and payment-relevant fixed costs are implemented insufficiently or with a delay.
In order to secure short- and medium-term liquidity, a reserve in the form of bank deposits and unused credit lines with banks is maintained. If necessary, excess cash and cash equivalents are invested in non-speculative, highly liquid financial instruments, mainly money market certificates, daily allowances, securities and other money market instruments, which generally mature in less than three months.
On the balance sheet date 31\u00a0December 2025, FACC had unused credit lines amounting to kEUR\u00a075,500 (previous year: kEUR\u00a070,500) at its disposal.
Receivables amounting to kUSD 203,100 (previous year: kUSD 163,100) can be sold as part of the factoring programs. As at 31.12.2025, receivables in the amount of kUSD 180,781 (previous year: kUSD 139,315) were sold.
The contractually agreed (undiscounted) cash flows (interest and principal payments) as well as the remaining terms of the financial liabilities are composed as follows:
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2024
EUR'000
Total

31.12.2024
EUR'000
Less than
1 year
31.12.2024
EUR'000
1 to 5 years

31.12.2024
EUR'000
More than
5 years
31.12.2024
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
78,912
2,919
70,445
5,547
Liabilities towards credit institutions
139,979
149,853
92,634
57,218
0
Lease liabilities
73,983
80,327
10,492
27,748
42,087
Other interest-bearing liabilities
16,358
16,358
16,358
0
0
\u00a0
299,820
325,450
122,403
155,412
47,634
Trade payables
99,070
99,070
99,070
0
0
Liabilities towards related companies
10,312
10,312
10,312
0
0
Other non-current financial liabilities
4,482
4,482
638
3,613
231
Other current financial liabilities
10,251
10,251
10,251
0
0
\u00a0
423,934
449,565
242,674
159,025
47,866
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
17,872
17,872
17,872
0
0
Carrying amounts/contractual cash flows
441,806
467,436
260,546
159,025
47,866
\u00a0
\u00a0
\u00a0
Payment obligations
\u00a0
Carrying amount
31.12.2025
EUR'000
Total

31.12.2025
EUR'000
Less than
1 year
31.12.2025
EUR'000
1 to 5 years

31.12.2025
EUR'000
More than
5 years
31.12.2025
EUR'000
Valuation at amortized cost
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Promissory note loans
69,500
75,708
45,502
24,932
5,274
Liabilities towards credit institutions
122,081
127,199
84,031
43,169
0
Lease liabilities
70,363
74,242
11,885
24,125
38,232
Other interest-bearing liabilities
6,600
6,600
6,600
0
0
\u00a0
268,544
283,749
148,018
92,226
43,506
Trade payables
89,947
89,947
89,947
0
0
Liabilities towards related companies
20,203
20,203
20,203
0
0
Other non-current financial liabilities
3,337
3,337
572
2,534
231
Other current financial liabilities
10,159
10,159
10,159
0
0
\u00a0
392,189
407,394
268,897
94,761
43,737
Fair value through profit and loss
\u00a0
\u00a0
\u00a0
\u00a0
\u00a0
Derivative financial instruments
1
1
1
0
0
Carrying amounts/contractual cash flows
392,190
407,396
268,899
94,761
43,737
The interest payments on variable rate loans in the table above reflect the market conditions for forward interest rates at the end of the financial year. These may change as market interest rates change. Future cash flows from derivative instruments may differ from the amounts shown in the table above as interest rates and exchange rates or the relevant conditions are subject to change. Target figures for future new liabilities are not included in the presentation. Financial liabilities repayable at any time are always assigned to the earliest maturity.
The high proportion of current financial liabilities to banks mainly relates to two facilities from the syndicated loan, which have to be redrawn on an ongoing basis due to the rules and regulations. Based on the current business development, the FACC Group's plans and the regular discussions with banks, there are no indications that refinancing with existing financing partners will not be carried out.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-411": { "value": "
51.
Credit risks
As part of its business activities in the aviation industry, the Group mainly serves OEMs operating on the market. Notwithstanding diversification, FACC AG is exposed to a certain concentration risk in the credit market due to the limited number of aircraft manufacturers. In the 2025 financial year, the largest customer accounted for a receivables volume of kEUR 127,201. Due to the low probability of default and the option to sell selected receivables using factoring programs, this risk is significantly reduced.
There is also a general risk of default on the part of contractual partners. In order to limit this risk, the Group applies strict guidelines for credit checks: the financial situation of new customers is checked as early as the customer acquisition stage, and existing customers are also regularly assessed with regard to their creditworthiness. Above a defined threshold, customer receivables are additionally insured against default. Credit risks also arise from cash and cash equivalents, derivative financial instruments and deposits with banks and other financial institutions. Such transactions are only conducted with banks and financial institutions with a high credit rating.
In all cases, the maximum credit risk corresponds to the carrying amount of the financial assets reported in the balance sheet.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-412": { "value": "
ACCOUNTING POLICIES
52.
Accounting and valuation policies
Intangible assets (IAS\u00a036, IAS\u00a038, IFRS\u00a03, IAS\u00a023)
Intangible assets with indefinite useful lives are measured at amortized cost.
Software and rights
Amortization over a period of three to four years (linear)
Research and development costs
Amortization over a period of two to ten years (linear)
\u00a0
Own development costs are capitalized if it is probable that the expected future economic benefits associated with the asset will flow to FACC and the cost of the asset can be measured reliably.
An impairment test is conducted if an indicator of impairment is present. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are to be reversed up to the amortized cost.
Property, plant and equipment (IAS\u00a016, IAS\u00a036, IAS\u00a023)
Property, plant and equipment are measured at amortized cost of procurement or manufacturing.
The manufacturing costs of property, plant and equipment include individual costs and reasonable parts of the overhead costs as well as borrowing costs in the case of qualified assets.
Linear amortization over the useful life:
Buildings
Ten to 50 years
Investments in third-party buildings
33 to 50 years
Technical plants and machinery
Three to 33 years
Office equipment
Five to 14 years
Vehicles
Five to Eight years
\u00a0
Impairment tests are performed whenever there are signs of impairment. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are reversed up to the amortized cost of the asset.
Profits and losses from disposals of property, plant and equipment shall be determined as the difference between the disposal proceeds and the carrying amounts of property, plant and equipment and are recorded in the Consolidated Profit and Loss Statement under the items \u201cOther operating income\u201d and \u201cOther operating expenses\u201d.
Leasing (IFRS 16)
The FACC Group determines the term of the lease on the basis of the non-cancellable basic term of the lease and taking into account the periods resulting from an option to extend the lease if it is reasonably certain that it will exercise this option, or the periods resulting from an option to terminate the lease if it is reasonably certain that it will not exercise this option.
For leases with an indefinite term, the useful life is determined analogously to the provisions for assets capitalized as fixed assets, which are not leased but owned by FACC.
The FACC Group cannot readily determine the interest rate implicit in the lease; therefore, it uses its incremental borrowing rate to measure lease liabilities. The incremental borrowing rate is the rate of interest that the FACC Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The incremental borrowing rate therefore reflects what FACC \u2018would have to pay\u2019, which requires estimation when no observable rates are available or when they need to be adjusted to reflect the terms and conditions of the lease. The FACC Group estimates the incremental borrowing rate using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates.
At inception of a contract, the FACC Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the FACC Group uses the definition of a lease in IFRS 16.
The FACC Group recognizes a right-of-use asset and a lease liability at the commencement date. Right-of-use assets are recognized at the commencement date in the amount of the corresponding lease liability, adjusted for any initial direct costs and lease payments made to the lessor on or before the commencement date, less any lease incentives received from the lessor.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses, if any occur, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially recognized at the present value of the unpaid lease payments at inception. The initial liability is discounted at the implicit interest rate of the lease or, if this interest rate cannot be readily determined, at the incremental borrowing rate.
Lease payments included in the measurement of the lease liability comprise the following:
\u25cf
fixed payments;
\u25cf
variable lease payments that depend on an index or a rate;
\u25cf
amounts expected to be payable under a residual value guarantee; and
\u25cf
the exercise price under a purchase option that the Group is reasonably certain to exercise.
The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if there is a change in the FACC Group\u2019s estimate of the amount expected to be payable under a residual value guarantee.
If the lease liability is remeasured, the carrying amount of the right-of-use asset is either adjusted accordingly or, if the carrying amount of the right-of-use asset has already been fully amortized or impaired, the effect of the remeasurement is recognized in the income statement.
For leases of low value or with a term of less than 12 months, the lease payments associated with these leases are recognized as an expense on a straight-line basis over the term of the lease.
Lease agreements may include both leasing and non-leasing components. The FACC Group has decided to present these components separately.
The lease installments are typically fixed. To a lesser extent, there are also lease payments based on market interest rates/indexes, which are taken into account when determining the lease liability.
Inventories (IAS\u00a02)
Inventories are measured at the lower value of procurement cost or manufacturing cost and net realizable value. Inventories are valued using the moving average price method. When determining the manufacturing costs, the directly attributable costs and reasonable portions of overhead costs, including amortization, are included on the assumption of normal capacity utilization.
The net realizable value results from the expected sales revenues of the items less the outstanding production and distribution costs determined on the basis of empirical values. Price decreases in the replacement costs are generally taken into account when calculating the net sales price.
Inventories are written down in the case of reduced net selling prices or long storage periods. So-called slow-moving inventory items, which are classified according to product groups, are subject to specific write-downs.
Customer-related engineering (IAS 2)
Customer-related engineering and customer-specific tool developments are recorded as customer-specific development services to the extent that they constitute own performance obligations and control has not yet been transferred. They are capitalized to the amount of the associated expenses.
Government grants (IAS\u00a020)
Government grants are recognized at fair value if there is reasonable assurance that the conditions attached to them will be complied with and the grants will be received.
Government grants for investments in property, plant and equipment are recorded under the item \u201cInvestment grants\u201d under non-current or current liabilities.
Investment grants are dissolved to profit or loss on a linear basis over the expected useful life of the assets concerned.
Expense subsidies, which in the Group primarily relate to subsidies in connection with development projects, are recognized in income in the same period in which the corresponding expense is incurred.
Employee benefit obligations (IAS\u00a019)
Defined benefit plans
Defined benefit plans relate to Austrian termination benefit obligations towards employees whose employment was established on or before 31\u00a0December\u00a02002.
This provision is calculated using the projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and calculates the present value of future payments over the employees\u2019 estimated working lives. The calculation is performed by an actuary by means of actuarial reports for the respective balance sheet date.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized in other comprehensive income in equity for the period in which they arise.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
The expected settlement amount is recognized for termination benefit obligations towards members of the Management Board of FACC\u00a0AG as agreed in individual contracts.
Defined contribution plans
Defined contribution plans are in place in Austria for employees whose employment was established after 31\u00a0December\u00a02002 due to statutory obligations and for individual contractual pension agreements.
The Group\u2019s sole obligation is to pay the defined contributions. These are recognized as expenses in the period for which they are paid.
Other non-current employee benefit obligations
Under collective bargaining agreements, the Group is obliged to pay employees an anniversary bonus of one month\u2019s salary or one month\u2019s wages upon reaching 25 years of service.
This provision is determined by an actuary using actuarial reports in accordance with the projected unit credit method for the respective balance sheet date.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized to profit or loss in the period in which they arise.
Other provisions (IAS\u00a037)
Other provisions are recognized at the expected settlement amount. Non-current provisions are discounted provided the discounting effect is substantial and the discounting period can be reliably estimated.
Energy purchasing agreements
The contracts are examined to determine whether the energy is obtained from contractually defined or implicitly determinable generation plants of the energy supplier. If a contract does not fall within the scope of IFRS 16 (because it does not meet the \u201cidentified asset\u201d criterion), it is not recognized as a lease.
It is also necessary to check whether derivatives must be recognized in the balance sheet for forward hedges. If it can be proven that the price-hedged energy quantities are consumed by the company and were not resold shortly after receipt, the own use exception applies and the forward products concluded are exempt from accounting in accordance with IFRS 9. Otherwise, the forward products would have to be recognized as a financial derivative at fair value through profit or loss.
If energy supply contracts do not fall within the scope of either IFRS 16 or IFRS 9, they must be accounted for as executory contracts. Such contracts are generally not to be recognized unless a provision for onerous contracts is required.
Income taxes (IAS\u00a012)
Deferred tax receivables and liabilities shall be balanced if they pertain to the same tax authority and if there is an enforceable legal claim to offsetting.
Income tax expense (income tax credits) include actual taxes and deferred taxes.
Deferred taxes are recognized for all temporary differences between the tax base of assets and liabilities and their carrying amounts in the IFRS-based financial statements (liabilities method). Deferred taxes are valued based on the tax rates applicable when the temporary differences have been reversed after the balance sheet date. Deferred tax receivables are only recognized to the extent to which it is probable that the corresponding tax benefits will be realized.
Deferred tax assets for loss carryforwards are only recognized to the extent that utilization within a reasonable period of time (five years) appears probable.
Changes in taxes generally lead to tax expenditures or tax credits. Taxes on items recorded in other comprehensive income are recorded in other comprehensive income. Taxes on items recorded directly in equity are also recorded directly in equity.
Financial instruments (IAS\u00a032, IFRS\u00a07, IFRS\u00a09, IFRS\u00a013)
IFRS 9 contains a new classification and measurement approach for financial assets that reflects the business model under which the assets are held as well as the characteristics of their respective cash flows. The standard contains three main categories of classification for financial assets: at amortized cost (AC), at fair value through profit or loss (FVTPL) and at fair value through other comprehensive income (FVOCI). Financial assets with embedded derivative financial instruments are not recognized separately in accordance with IFRS 9, but are classified as a whole in the \"fair value through profit or loss\" category.
The FACC Group also has a factoring program in place for eleven selected customers. The unsold receivables from the factoring portfolio are allocated to the \u201chold and sell\u201d business model in accordance with IFRS 9. The latter is measured at fair value through other comprehensive income.
Financial assets are initially recognized at fair value. In the case of financial investments that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of the assets are also taken into account.
The fair value is determined on the basis of the market information available on the balance sheet date. Given various influencing factors, the values stated here may deviate from the values realized at a later date.
The fair value of financial assets and liabilities reflects the effect of the risk of non-performance on the part of the other party. When determining the fair value of a financial asset, the credit risk of banks is taken into account on the basis of their ratings. When determining the fair value of a financial liability, the Group\u2019s own credit risk is considered on the basis of credit ratings provided by banks.
Market values are available for all derivative financial instruments and listed securities; for all other financial instruments, the fair value is calculated on the basis of the discounted expected cash flows to the extent that the carrying amount does not represent an adequate approximation of the fair value.
Purchases and sales of financial assets are recorded on the date of the transaction.
Impairments are recognized to profit or loss for all financial instruments. If the underlying cause of the impairment no longer applies, a reversal of the impairment loss is recognized to profit or loss.
Other non-current financial assets (securities)
\u201cAt fair value through other comprehensive income\u201d category: Subsequent measurement is carried out at fair value in other comprehensive income (stock market price).
\u201cAt fair value through profit and loss\u201d category: Subsequent measurement is recognized in the income statement.
Receivables and other assets
\u201cAt amortized cost\u201d category: Subsequent measurement is recognized at amortized cost less any impairment losses on valuation accounts. Impairments of trade receivables due to default of payment are recognized on the basis of past experience. In addition, customers are assessed individually, taking into account past experience, their creditworthiness and any collateral security provided. Irrecoverable receivables are derecognized. Non-current receivables are additionally discounted according to the effective interest method.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
Cash and cash equivalents
Cash and cash equivalents are measured at amortized cost on the balance sheet date.
The Group assumes that its cash and cash equivalents have a lower default risk based on the external ratings of banks and financial institutions. Due to the high credit rating and the short-term maturity, no value adjustments are made for expected credit losses.
Liabilities
Liabilities are initially recognized at fair value. Subsequent measurement is either at amortized cost.
Derivative financial instruments
Derivative financial instruments for which the criteria of IFRS 9 for hedge accounting are not met are classified and recognized at fair value through profit or loss in accordance with IFRS 9.
Hedge Accounting
The Group concludes forward exchange transactions to hedge the foreign currency risk in connection with particular planned foreign currency sales.
The special provisions of IFRS 9 on hedge accounting are applied to offset the effects of the hedged transaction and the hedging instrument in the income statement. The fair values resulting as of the balance sheet date are recognized in other comprehensive income, taking into account deferred taxes, and reported under reserves in accordance with IFRS 9. They are reversed to profit or loss according to their future realization in the relevant financial year.
In addition, the Group enters into forward exchange contracts to hedge the exchange rates of certain balance sheet items.
Revenue recognition (IFRS\u00a015)
FACC generates two major revenue streams \u2013 from the delivery of series products, and from providing development services.
Development services either constitute a separate performance obligation under a multi-component contract, or they are part of the delivery of series products. In addition, FACC also concludes individual contracts for development projects.
In accordance with IFRS 15, revenue is recognized either over time or at a point in time as soon as a customer obtains control of the goods or services.
IFRS 15 requires entities to disclose the costs of initiating a contract with a customer. As the Group does not incur such costs, the associated disclosures are not presented in this guide.
Receivables from customer-related engineering und contract assets:
Development services and customer related engineering are recognized in revenue on a time-based basis for contracts with contractually enforceable claims. At the time of revenue recognition, liabilities from customer related engineering are recognized in revenue or variable remuneration in accordance with IFRS 15.50ff as the present value in revenue and in receivables from customer related engineering. Customer related engineering are recognized as expenses.
Receivables from customer-related engineering are subsequently reduced through ongoing amortization (progress billing).
To the extent that engineering and customer-specific tool developments constitute separate performance obligations with claims that can be contractually enforced at any time, and revenues have already been partially recognized over a period of time, the former are reported as contract assets from the outset.
If engineering and customer-specific tool developments are not remunerated separately or not at all, but are paid for by customers as a mark-up on the price of series parts, the level of revenues may be dependent on when the expected quantities of series products are sold. In the case of contracts with contractually enforceable claims, this constitutes variable consideration pursuant to IFRS 15.50 et seq., which is recognized as receivables from customer-related engineering and reassessed on a regular basis within the scope of a estimate.
Payments to customers are treated as an advance discount and are reported under contract assets. They are recognized at present value and recorded as a revenue reduction in accordance with the expected duration of the program.
Impairments of receivables from customer-related engineering and contract assets are assessed according to regulations governing financial assets.
When determining transaction prices for development services, both fixed and variable components are taken into account. The fixed component comprises the contractually agreed price component (agreed separately for the development service or confirmed to be included in the shipset price) and guaranteed minimum quantities. The variable component includes estimates regarding the distribution of quantities over the future period.
Contract costs:
Contract costs are measured at amortized cost.
If, in accordance with IFRS 15, there is no enforceable contractual entitlement to remuneration for engineering and tool development services provided, the associated expenses are capitalized as contract costs. The services provided and the subsequent series production constitute a single unit. In this case, the engineering and tool expenses are added to the price of the parts as a mark-up and are recognized as revenue upon delivery of the serial parts. The contract costs are amortized according to the number of shipsets delivered (see Note 6 \u2013 Use of assumptions and estimates).
Financing components:
In the case of development services without milestone payments, payment is made according to the ongoing delivery of series products over the total duration of the program. As the contractual obligation is fulfilled well before payments are made, a significant financing component exists, which is taken into account in the measurement of receivables from customer-related development services and contract assets.
Revenue is recognized in the amount of the present value of the agreed payments only. Compound interest effects are recognized as income in the financial result, meaning that payments received are not allocated in full to revenue.
In the case of development services with milestone payments, the performance of services and the receipt of payments largely coincide. Consequently, there is no significant financing component here.
In the case of contracts with a term of less than twelve months, no financing component is taken into account.
Contract liabilities from customer-related engineering:
Contract liabilities from customer-related engineering are recorded under current liabilities.
Bill and Hold Agreements:
Bill and hold agreements are concluded with individual customers as part of the delivery of series products. This documents the transfer of control in accordance with IFRS 15.38 and allows revenue to be recognized or inventories to be derecognized.
Recognition of expenses
Operating expenses are recognized when the service is utilized or at the time they are incurred. Interest is recognized using the effective interest method.
Foreign currency valuation (IAS\u00a021)
Receivables, cash and cash equivalents and liabilities are translated at the spot conversion rate. Gains and losses are recorded to profit or loss.
Consolidated statement of cash flows (IAS\u00a07)
The indirect method was used to present the Consolidated Statement of Cash Flows for the consolidated cash flow from operating activities. Cash and cash equivalents correspond to cash on hand and liquid funds.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-413": { "value": "
Intangible assets (IAS\u00a036, IAS\u00a038, IFRS\u00a03, IAS\u00a023)
Intangible assets with indefinite useful lives are measured at amortized cost.
Software and rights
Amortization over a period of three to four years (linear)
Research and development costs
Amortization over a period of two to ten years (linear)
\u00a0
Own development costs are capitalized if it is probable that the expected future economic benefits associated with the asset will flow to FACC and the cost of the asset can be measured reliably.
An impairment test is conducted if an indicator of impairment is present. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are to be reversed up to the amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-414": { "value": "
Intangible assets (IAS\u00a036, IAS\u00a038, IFRS\u00a03, IAS\u00a023)
Intangible assets with indefinite useful lives are measured at amortized cost.
Software and rights
Amortization over a period of three to four years (linear)
Research and development costs
Amortization over a period of two to ten years (linear)
\u00a0
Own development costs are capitalized if it is probable that the expected future economic benefits associated with the asset will flow to FACC and the cost of the asset can be measured reliably.
An impairment test is conducted if an indicator of impairment is present. An impairment loss is recognized in the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of the asset is the higher of its attributed fair value less costs to sell and its value in use.
If the reasons for impairment no longer apply, the impairment losses are to be reversed up to the amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-415": { "value": "
Software and rights
Amortization over a period of three to four years (linear)
Research and development costs
Amortization over a period of two to ten years (linear)
Buildings
Ten to 50 years
Investments in third-party buildings
33 to 50 years
Technical plants and machinery
Three to 33 years
Office equipment
Five to 14 years
Vehicles
Five to Eight years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-416": { "value": "
Software and rights
Amortization over a period of three to four years (linear)
Research and development costs
Amortization over a period of two to ten years (linear)
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProgrammingAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-417": { "value": "
The manufacturing costs of property, plant and equipment include individual costs and reasonable parts of the overhead costs as well as borrowing costs in the case of qualified assets.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-418": { "value": "
Leasing (IFRS 16)
The FACC Group determines the term of the lease on the basis of the non-cancellable basic term of the lease and taking into account the periods resulting from an option to extend the lease if it is reasonably certain that it will exercise this option, or the periods resulting from an option to terminate the lease if it is reasonably certain that it will not exercise this option.
For leases with an indefinite term, the useful life is determined analogously to the provisions for assets capitalized as fixed assets, which are not leased but owned by FACC.
The FACC Group cannot readily determine the interest rate implicit in the lease; therefore, it uses its incremental borrowing rate to measure lease liabilities. The incremental borrowing rate is the rate of interest that the FACC Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The incremental borrowing rate therefore reflects what FACC \u2018would have to pay\u2019, which requires estimation when no observable rates are available or when they need to be adjusted to reflect the terms and conditions of the lease. The FACC Group estimates the incremental borrowing rate using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates.
At inception of a contract, the FACC Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the FACC Group uses the definition of a lease in IFRS 16.
The FACC Group recognizes a right-of-use asset and a lease liability at the commencement date. Right-of-use assets are recognized at the commencement date in the amount of the corresponding lease liability, adjusted for any initial direct costs and lease payments made to the lessor on or before the commencement date, less any lease incentives received from the lessor.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses, if any occur, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially recognized at the present value of the unpaid lease payments at inception. The initial liability is discounted at the implicit interest rate of the lease or, if this interest rate cannot be readily determined, at the incremental borrowing rate.
Lease payments included in the measurement of the lease liability comprise the following:
\u25cf
fixed payments;
\u25cf
variable lease payments that depend on an index or a rate;
\u25cf
amounts expected to be payable under a residual value guarantee; and
\u25cf
the exercise price under a purchase option that the Group is reasonably certain to exercise.
The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if there is a change in the FACC Group\u2019s estimate of the amount expected to be payable under a residual value guarantee.
If the lease liability is remeasured, the carrying amount of the right-of-use asset is either adjusted accordingly or, if the carrying amount of the right-of-use asset has already been fully amortized or impaired, the effect of the remeasurement is recognized in the income statement.
For leases of low value or with a term of less than 12 months, the lease payments associated with these leases are recognized as an expense on a straight-line basis over the term of the lease.
Lease agreements may include both leasing and non-leasing components. The FACC Group has decided to present these components separately.
The lease installments are typically fixed. To a lesser extent, there are also lease payments based on market interest rates/indexes, which are taken into account when determining the lease liability.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-419": { "value": "
Leasing (IFRS 16)
The FACC Group determines the term of the lease on the basis of the non-cancellable basic term of the lease and taking into account the periods resulting from an option to extend the lease if it is reasonably certain that it will exercise this option, or the periods resulting from an option to terminate the lease if it is reasonably certain that it will not exercise this option.
For leases with an indefinite term, the useful life is determined analogously to the provisions for assets capitalized as fixed assets, which are not leased but owned by FACC.
The FACC Group cannot readily determine the interest rate implicit in the lease; therefore, it uses its incremental borrowing rate to measure lease liabilities. The incremental borrowing rate is the rate of interest that the FACC Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The incremental borrowing rate therefore reflects what FACC \u2018would have to pay\u2019, which requires estimation when no observable rates are available or when they need to be adjusted to reflect the terms and conditions of the lease. The FACC Group estimates the incremental borrowing rate using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates.
At inception of a contract, the FACC Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the FACC Group uses the definition of a lease in IFRS 16.
The FACC Group recognizes a right-of-use asset and a lease liability at the commencement date. Right-of-use assets are recognized at the commencement date in the amount of the corresponding lease liability, adjusted for any initial direct costs and lease payments made to the lessor on or before the commencement date, less any lease incentives received from the lessor.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses, if any occur, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially recognized at the present value of the unpaid lease payments at inception. The initial liability is discounted at the implicit interest rate of the lease or, if this interest rate cannot be readily determined, at the incremental borrowing rate.
Lease payments included in the measurement of the lease liability comprise the following:
\u25cf
fixed payments;
\u25cf
variable lease payments that depend on an index or a rate;
\u25cf
amounts expected to be payable under a residual value guarantee; and
\u25cf
the exercise price under a purchase option that the Group is reasonably certain to exercise.
The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if there is a change in the FACC Group\u2019s estimate of the amount expected to be payable under a residual value guarantee.
If the lease liability is remeasured, the carrying amount of the right-of-use asset is either adjusted accordingly or, if the carrying amount of the right-of-use asset has already been fully amortized or impaired, the effect of the remeasurement is recognized in the income statement.
For leases of low value or with a term of less than 12 months, the lease payments associated with these leases are recognized as an expense on a straight-line basis over the term of the lease.
Lease agreements may include both leasing and non-leasing components. The FACC Group has decided to present these components separately.
The lease installments are typically fixed. To a lesser extent, there are also lease payments based on market interest rates/indexes, which are taken into account when determining the lease liability.
Customer-related engineering (IAS 2)
Customer-related engineering and customer-specific tool developments are recorded as customer-specific development services to the extent that they constitute own performance obligations and control has not yet been transferred. They are capitalized to the amount of the associated expenses.
Employee benefit obligations (IAS\u00a019)
Defined benefit plans
Defined benefit plans relate to Austrian termination benefit obligations towards employees whose employment was established on or before 31\u00a0December\u00a02002.
This provision is calculated using the projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and calculates the present value of future payments over the employees\u2019 estimated working lives. The calculation is performed by an actuary by means of actuarial reports for the respective balance sheet date.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized in other comprehensive income in equity for the period in which they arise.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
The expected settlement amount is recognized for termination benefit obligations towards members of the Management Board of FACC\u00a0AG as agreed in individual contracts.
Defined contribution plans
Defined contribution plans are in place in Austria for employees whose employment was established after 31\u00a0December\u00a02002 due to statutory obligations and for individual contractual pension agreements.
The Group\u2019s sole obligation is to pay the defined contributions. These are recognized as expenses in the period for which they are paid.
Other non-current employee benefit obligations
Under collective bargaining agreements, the Group is obliged to pay employees an anniversary bonus of one month\u2019s salary or one month\u2019s wages upon reaching 25 years of service.
This provision is determined by an actuary using actuarial reports in accordance with the projected unit credit method for the respective balance sheet date.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized to profit or loss in the period in which they arise.
Income taxes (IAS\u00a012)
Deferred tax receivables and liabilities shall be balanced if they pertain to the same tax authority and if there is an enforceable legal claim to offsetting.
Income tax expense (income tax credits) include actual taxes and deferred taxes.
Deferred taxes are recognized for all temporary differences between the tax base of assets and liabilities and their carrying amounts in the IFRS-based financial statements (liabilities method). Deferred taxes are valued based on the tax rates applicable when the temporary differences have been reversed after the balance sheet date. Deferred tax receivables are only recognized to the extent to which it is probable that the corresponding tax benefits will be realized.
Deferred tax assets for loss carryforwards are only recognized to the extent that utilization within a reasonable period of time (five years) appears probable.
Changes in taxes generally lead to tax expenditures or tax credits. Taxes on items recorded in other comprehensive income are recorded in other comprehensive income. Taxes on items recorded directly in equity are also recorded directly in equity.
Financial instruments (IAS\u00a032, IFRS\u00a07, IFRS\u00a09, IFRS\u00a013)
IFRS 9 contains a new classification and measurement approach for financial assets that reflects the business model under which the assets are held as well as the characteristics of their respective cash flows. The standard contains three main categories of classification for financial assets: at amortized cost (AC), at fair value through profit or loss (FVTPL) and at fair value through other comprehensive income (FVOCI). Financial assets with embedded derivative financial instruments are not recognized separately in accordance with IFRS 9, but are classified as a whole in the \"fair value through profit or loss\" category.
The FACC Group also has a factoring program in place for eleven selected customers. The unsold receivables from the factoring portfolio are allocated to the \u201chold and sell\u201d business model in accordance with IFRS 9. The latter is measured at fair value through other comprehensive income.
Financial assets are initially recognized at fair value. In the case of financial investments that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of the assets are also taken into account.
The fair value is determined on the basis of the market information available on the balance sheet date. Given various influencing factors, the values stated here may deviate from the values realized at a later date.
The fair value of financial assets and liabilities reflects the effect of the risk of non-performance on the part of the other party. When determining the fair value of a financial asset, the credit risk of banks is taken into account on the basis of their ratings. When determining the fair value of a financial liability, the Group\u2019s own credit risk is considered on the basis of credit ratings provided by banks.
Market values are available for all derivative financial instruments and listed securities; for all other financial instruments, the fair value is calculated on the basis of the discounted expected cash flows to the extent that the carrying amount does not represent an adequate approximation of the fair value.
Purchases and sales of financial assets are recorded on the date of the transaction.
Impairments are recognized to profit or loss for all financial instruments. If the underlying cause of the impairment no longer applies, a reversal of the impairment loss is recognized to profit or loss.
Other non-current financial assets (securities)
\u201cAt fair value through other comprehensive income\u201d category: Subsequent measurement is carried out at fair value in other comprehensive income (stock market price).
\u201cAt fair value through profit and loss\u201d category: Subsequent measurement is recognized in the income statement.
Receivables and other assets
\u201cAt amortized cost\u201d category: Subsequent measurement is recognized at amortized cost less any impairment losses on valuation accounts. Impairments of trade receivables due to default of payment are recognized on the basis of past experience. In addition, customers are assessed individually, taking into account past experience, their creditworthiness and any collateral security provided. Irrecoverable receivables are derecognized. Non-current receivables are additionally discounted according to the effective interest method.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
Cash and cash equivalents
Cash and cash equivalents are measured at amortized cost on the balance sheet date.
The Group assumes that its cash and cash equivalents have a lower default risk based on the external ratings of banks and financial institutions. Due to the high credit rating and the short-term maturity, no value adjustments are made for expected credit losses.
Liabilities
Liabilities are initially recognized at fair value. Subsequent measurement is either at amortized cost.
Derivative financial instruments
Derivative financial instruments for which the criteria of IFRS 9 for hedge accounting are not met are classified and recognized at fair value through profit or loss in accordance with IFRS 9.
Hedge Accounting
The Group concludes forward exchange transactions to hedge the foreign currency risk in connection with particular planned foreign currency sales.
The special provisions of IFRS 9 on hedge accounting are applied to offset the effects of the hedged transaction and the hedging instrument in the income statement. The fair values resulting as of the balance sheet date are recognized in other comprehensive income, taking into account deferred taxes, and reported under reserves in accordance with IFRS 9. They are reversed to profit or loss according to their future realization in the relevant financial year.
In addition, the Group enters into forward exchange contracts to hedge the exchange rates of certain balance sheet items.
Contract costs:
Contract costs are measured at amortized cost.
If, in accordance with IFRS 15, there is no enforceable contractual entitlement to remuneration for engineering and tool development services provided, the associated expenses are capitalized as contract costs. The services provided and the subsequent series production constitute a single unit. In this case, the engineering and tool expenses are added to the price of the parts as a mark-up and are recognized as revenue upon delivery of the serial parts. The contract costs are amortized according to the number of shipsets delivered (see Note 6 \u2013 Use of assumptions and estimates).
Recognition of expenses
Operating expenses are recognized when the service is utilized or at the time they are incurred. Interest is recognized using the effective interest method.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-420": { "value": "
Government grants (IAS\u00a020)
Government grants are recognized at fair value if there is reasonable assurance that the conditions attached to them will be complied with and the grants will be received.
Government grants for investments in property, plant and equipment are recorded under the item \u201cInvestment grants\u201d under non-current or current liabilities.
Investment grants are dissolved to profit or loss on a linear basis over the expected useful life of the assets concerned.
Expense subsidies, which in the Group primarily relate to subsidies in connection with development projects, are recognized in income in the same period in which the corresponding expense is incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-421": { "value": "
Employee benefit obligations (IAS\u00a019)
Defined benefit plans
Defined benefit plans relate to Austrian termination benefit obligations towards employees whose employment was established on or before 31\u00a0December\u00a02002.
This provision is calculated using the projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and calculates the present value of future payments over the employees\u2019 estimated working lives. The calculation is performed by an actuary by means of actuarial reports for the respective balance sheet date.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized in other comprehensive income in equity for the period in which they arise.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
The expected settlement amount is recognized for termination benefit obligations towards members of the Management Board of FACC\u00a0AG as agreed in individual contracts.
Defined contribution plans
Defined contribution plans are in place in Austria for employees whose employment was established after 31\u00a0December\u00a02002 due to statutory obligations and for individual contractual pension agreements.
The Group\u2019s sole obligation is to pay the defined contributions. These are recognized as expenses in the period for which they are paid.
Other non-current employee benefit obligations
Under collective bargaining agreements, the Group is obliged to pay employees an anniversary bonus of one month\u2019s salary or one month\u2019s wages upon reaching 25 years of service.
This provision is determined by an actuary using actuarial reports in accordance with the projected unit credit method for the respective balance sheet date.
Interest expenses are recognized before earnings before interest and taxes (EBIT) in the Consolidated Profit and Loss Statement.
Revaluation effects based on experience adjustments and changes in actuarial assumptions are recognized to profit or loss in the period in which they arise.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-422": { "value": "
Energy purchasing agreements
The contracts are examined to determine whether the energy is obtained from contractually defined or implicitly determinable generation plants of the energy supplier. If a contract does not fall within the scope of IFRS 16 (because it does not meet the \u201cidentified asset\u201d criterion), it is not recognized as a lease.
It is also necessary to check whether derivatives must be recognized in the balance sheet for forward hedges. If it can be proven that the price-hedged energy quantities are consumed by the company and were not resold shortly after receipt, the own use exception applies and the forward products concluded are exempt from accounting in accordance with IFRS 9. Otherwise, the forward products would have to be recognized as a financial derivative at fair value through profit or loss.
If energy supply contracts do not fall within the scope of either IFRS 16 or IFRS 9, they must be accounted for as executory contracts. Such contracts are generally not to be recognized unless a provision for onerous contracts is required.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-423": { "value": "
Income taxes (IAS\u00a012)
Deferred tax receivables and liabilities shall be balanced if they pertain to the same tax authority and if there is an enforceable legal claim to offsetting.
Income tax expense (income tax credits) include actual taxes and deferred taxes.
Changes in taxes generally lead to tax expenditures or tax credits. Taxes on items recorded in other comprehensive income are recorded in other comprehensive income. Taxes on items recorded directly in equity are also recorded directly in equity.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-424": { "value": "
Deferred taxes are recognized for all temporary differences between the tax base of assets and liabilities and their carrying amounts in the IFRS-based financial statements (liabilities method). Deferred taxes are valued based on the tax rates applicable when the temporary differences have been reversed after the balance sheet date. Deferred tax receivables are only recognized to the extent to which it is probable that the corresponding tax benefits will be realized.
Deferred tax assets for loss carryforwards are only recognized to the extent that utilization within a reasonable period of time (five years) appears probable.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-425": { "value": "
Financial instruments (IAS\u00a032, IFRS\u00a07, IFRS\u00a09, IFRS\u00a013)
IFRS 9 contains a new classification and measurement approach for financial assets that reflects the business model under which the assets are held as well as the characteristics of their respective cash flows. The standard contains three main categories of classification for financial assets: at amortized cost (AC), at fair value through profit or loss (FVTPL) and at fair value through other comprehensive income (FVOCI). Financial assets with embedded derivative financial instruments are not recognized separately in accordance with IFRS 9, but are classified as a whole in the \"fair value through profit or loss\" category.
The FACC Group also has a factoring program in place for eleven selected customers. The unsold receivables from the factoring portfolio are allocated to the \u201chold and sell\u201d business model in accordance with IFRS 9. The latter is measured at fair value through other comprehensive income.
Financial assets are initially recognized at fair value. In the case of financial investments that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of the assets are also taken into account.
The fair value is determined on the basis of the market information available on the balance sheet date. Given various influencing factors, the values stated here may deviate from the values realized at a later date.
The fair value of financial assets and liabilities reflects the effect of the risk of non-performance on the part of the other party. When determining the fair value of a financial asset, the credit risk of banks is taken into account on the basis of their ratings. When determining the fair value of a financial liability, the Group\u2019s own credit risk is considered on the basis of credit ratings provided by banks.
Market values are available for all derivative financial instruments and listed securities; for all other financial instruments, the fair value is calculated on the basis of the discounted expected cash flows to the extent that the carrying amount does not represent an adequate approximation of the fair value.
Purchases and sales of financial assets are recorded on the date of the transaction.
Impairments are recognized to profit or loss for all financial instruments. If the underlying cause of the impairment no longer applies, a reversal of the impairment loss is recognized to profit or loss.
Other non-current financial assets (securities)
\u201cAt fair value through other comprehensive income\u201d category: Subsequent measurement is carried out at fair value in other comprehensive income (stock market price).
\u201cAt fair value through profit and loss\u201d category: Subsequent measurement is recognized in the income statement.
Receivables and other assets
\u201cAt amortized cost\u201d category: Subsequent measurement is recognized at amortized cost less any impairment losses on valuation accounts. Impairments of trade receivables due to default of payment are recognized on the basis of past experience. In addition, customers are assessed individually, taking into account past experience, their creditworthiness and any collateral security provided. Irrecoverable receivables are derecognized. Non-current receivables are additionally discounted according to the effective interest method.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
Cash and cash equivalents
Cash and cash equivalents are measured at amortized cost on the balance sheet date.
The Group assumes that its cash and cash equivalents have a lower default risk based on the external ratings of banks and financial institutions. Due to the high credit rating and the short-term maturity, no value adjustments are made for expected credit losses.
Liabilities
Liabilities are initially recognized at fair value. Subsequent measurement is either at amortized cost.
Derivative financial instruments
Derivative financial instruments for which the criteria of IFRS 9 for hedge accounting are not met are classified and recognized at fair value through profit or loss in accordance with IFRS 9.
Hedge Accounting
The Group concludes forward exchange transactions to hedge the foreign currency risk in connection with particular planned foreign currency sales.
The special provisions of IFRS 9 on hedge accounting are applied to offset the effects of the hedged transaction and the hedging instrument in the income statement. The fair values resulting as of the balance sheet date are recognized in other comprehensive income, taking into account deferred taxes, and reported under reserves in accordance with IFRS 9. They are reversed to profit or loss according to their future realization in the relevant financial year.
In addition, the Group enters into forward exchange contracts to hedge the exchange rates of certain balance sheet items.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-426": { "value": "
Financial instruments (IAS\u00a032, IFRS\u00a07, IFRS\u00a09, IFRS\u00a013)
IFRS 9 contains a new classification and measurement approach for financial assets that reflects the business model under which the assets are held as well as the characteristics of their respective cash flows. The standard contains three main categories of classification for financial assets: at amortized cost (AC), at fair value through profit or loss (FVTPL) and at fair value through other comprehensive income (FVOCI). Financial assets with embedded derivative financial instruments are not recognized separately in accordance with IFRS 9, but are classified as a whole in the \"fair value through profit or loss\" category.
The FACC Group also has a factoring program in place for eleven selected customers. The unsold receivables from the factoring portfolio are allocated to the \u201chold and sell\u201d business model in accordance with IFRS 9. The latter is measured at fair value through other comprehensive income.
Financial assets are initially recognized at fair value. In the case of financial investments that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of the assets are also taken into account.
The fair value is determined on the basis of the market information available on the balance sheet date. Given various influencing factors, the values stated here may deviate from the values realized at a later date.
The fair value of financial assets and liabilities reflects the effect of the risk of non-performance on the part of the other party. When determining the fair value of a financial asset, the credit risk of banks is taken into account on the basis of their ratings. When determining the fair value of a financial liability, the Group\u2019s own credit risk is considered on the basis of credit ratings provided by banks.
Market values are available for all derivative financial instruments and listed securities; for all other financial instruments, the fair value is calculated on the basis of the discounted expected cash flows to the extent that the carrying amount does not represent an adequate approximation of the fair value.
Purchases and sales of financial assets are recorded on the date of the transaction.
Impairments are recognized to profit or loss for all financial instruments. If the underlying cause of the impairment no longer applies, a reversal of the impairment loss is recognized to profit or loss.
Other non-current financial assets (securities)
\u201cAt fair value through other comprehensive income\u201d category: Subsequent measurement is carried out at fair value in other comprehensive income (stock market price).
\u201cAt fair value through profit and loss\u201d category: Subsequent measurement is recognized in the income statement.
Receivables and other assets
\u201cAt amortized cost\u201d category: Subsequent measurement is recognized at amortized cost less any impairment losses on valuation accounts. Impairments of trade receivables due to default of payment are recognized on the basis of past experience. In addition, customers are assessed individually, taking into account past experience, their creditworthiness and any collateral security provided. Irrecoverable receivables are derecognized. Non-current receivables are additionally discounted according to the effective interest method.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
Cash and cash equivalents
Cash and cash equivalents are measured at amortized cost on the balance sheet date.
The Group assumes that its cash and cash equivalents have a lower default risk based on the external ratings of banks and financial institutions. Due to the high credit rating and the short-term maturity, no value adjustments are made for expected credit losses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-427": { "value": "
The FACC Group also has a factoring program in place for eleven selected customers. The unsold receivables from the factoring portfolio are allocated to the \u201chold and sell\u201d business model in accordance with IFRS 9. The latter is measured at fair value through other comprehensive income.
Financial assets are initially recognized at fair value. In the case of financial investments that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of the assets are also taken into account.
The fair value is determined on the basis of the market information available on the balance sheet date. Given various influencing factors, the values stated here may deviate from the values realized at a later date.
The fair value of financial assets and liabilities reflects the effect of the risk of non-performance on the part of the other party. When determining the fair value of a financial asset, the credit risk of banks is taken into account on the basis of their ratings. When determining the fair value of a financial liability, the Group\u2019s own credit risk is considered on the basis of credit ratings provided by banks.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-428": { "value": "
Other non-current financial assets (securities)
\u201cAt fair value through other comprehensive income\u201d category: Subsequent measurement is carried out at fair value in other comprehensive income (stock market price).
\u201cAt fair value through profit and loss\u201d category: Subsequent measurement is recognized in the income statement.
Receivables and other assets
\u201cAt amortized cost\u201d category: Subsequent measurement is recognized at amortized cost less any impairment losses on valuation accounts. Impairments of trade receivables due to default of payment are recognized on the basis of past experience. In addition, customers are assessed individually, taking into account past experience, their creditworthiness and any collateral security provided. Irrecoverable receivables are derecognized. Non-current receivables are additionally discounted according to the effective interest method.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-429": { "value": "
Receivables and other assets
\u201cAt amortized cost\u201d category: Subsequent measurement is recognized at amortized cost less any impairment losses on valuation accounts. Impairments of trade receivables due to default of payment are recognized on the basis of past experience. In addition, customers are assessed individually, taking into account past experience, their creditworthiness and any collateral security provided. Irrecoverable receivables are derecognized. Non-current receivables are additionally discounted according to the effective interest method.
The new impairment model is to be applied to financial assets measured at amortized cost or at fair value through other comprehensive income and to contract assets.
Under IFRS 9, impairment losses are calculated according to one of the following:
\u2022
12-month expected credit loss: Expected loan defaults due to possible default events within twelve months of the balance sheet date.
\u2022
Lifetime expected credit loss: Expected loan defaults due to all possible default events which can occur during the expected term of a financial instrument.
Measurement according to the concept of lifetime expected credit loss is to be applied if the credit risk of a financial asset has increased significantly on the balance sheet date since its initial recognition; in all other cases, valuation according to 12-month expected credit loss is to be applied. Exceptions exist for trade receivables, contract assets arising under IFRS 15 and leasing receivables. For these items, all expected losses must (for trade receivables and contract assets without a significant financing component pursuant to IFRS 15) or may (for trade receivables and contract assets with a significant financing component and leasing receivables pursuant to IFRS 15) already be taken into account at the time of addition.
Capital market data is available for the majority of the Group\u2019s customers, which means that external parameters for maturity-dependent risk exposure are available. Expected losses for receivables subject to default risks are calculated using a maturity-specific default probability for each customer.
If no external parameters are available for a customer, industry- or country-specific credit default swap (CDS) spreads or bond yields (on an individual security or index basis) are used to determine the probability of default.
Trade receivables are written off if there is information suggesting that the debtor is facing significant financial difficulties and there is no realistic prospect of recovery, e.g. if the debtor has gone into liquidation or insolvency proceedings have been opened, or if the trade receivables are more than three years overdue, depending on what occurs earlier. Trade receivables which have been written off, are under no circumstances subject to levies of execution.
The FACC Group derecognizes trade receivables when the contractual rights to the cash flows from the receivables have expired or the rights to the cash flows have been transferred in a transaction in which all significant risks and rewards of ownership of the receivables are transferred.
Liabilities
Liabilities are initially recognized at fair value. Subsequent measurement is either at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-430": { "value": "
Cash and cash equivalents
Cash and cash equivalents are measured at amortized cost on the balance sheet date.
The Group assumes that its cash and cash equivalents have a lower default risk based on the external ratings of banks and financial institutions. Due to the high credit rating and the short-term maturity, no value adjustments are made for expected credit losses.
Consolidated statement of cash flows (IAS\u00a07)
The indirect method was used to present the Consolidated Statement of Cash Flows for the consolidated cash flow from operating activities. Cash and cash equivalents correspond to cash on hand and liquid funds.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-431": { "value": "
Liabilities
Liabilities are initially recognized at fair value. Subsequent measurement is either at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-432": { "value": "
Liabilities
Liabilities are initially recognized at fair value. Subsequent measurement is either at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-433": { "value": "
Derivative financial instruments
Derivative financial instruments for which the criteria of IFRS 9 for hedge accounting are not met are classified and recognized at fair value through profit or loss in accordance with IFRS 9.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-434": { "value": "
Revenue recognition (IFRS\u00a015)
FACC generates two major revenue streams \u2013 from the delivery of series products, and from providing development services.
Development services either constitute a separate performance obligation under a multi-component contract, or they are part of the delivery of series products. In addition, FACC also concludes individual contracts for development projects.
In accordance with IFRS 15, revenue is recognized either over time or at a point in time as soon as a customer obtains control of the goods or services.
IFRS 15 requires entities to disclose the costs of initiating a contract with a customer. As the Group does not incur such costs, the associated disclosures are not presented in this guide.
Receivables from customer-related engineering und contract assets:
Development services and customer related engineering are recognized in revenue on a time-based basis for contracts with contractually enforceable claims. At the time of revenue recognition, liabilities from customer related engineering are recognized in revenue or variable remuneration in accordance with IFRS 15.50ff as the present value in revenue and in receivables from customer related engineering. Customer related engineering are recognized as expenses.
Receivables from customer-related engineering are subsequently reduced through ongoing amortization (progress billing).
To the extent that engineering and customer-specific tool developments constitute separate performance obligations with claims that can be contractually enforced at any time, and revenues have already been partially recognized over a period of time, the former are reported as contract assets from the outset.
If engineering and customer-specific tool developments are not remunerated separately or not at all, but are paid for by customers as a mark-up on the price of series parts, the level of revenues may be dependent on when the expected quantities of series products are sold. In the case of contracts with contractually enforceable claims, this constitutes variable consideration pursuant to IFRS 15.50 et seq., which is recognized as receivables from customer-related engineering and reassessed on a regular basis within the scope of a estimate.
Payments to customers are treated as an advance discount and are reported under contract assets. They are recognized at present value and recorded as a revenue reduction in accordance with the expected duration of the program.
Impairments of receivables from customer-related engineering and contract assets are assessed according to regulations governing financial assets.
When determining transaction prices for development services, both fixed and variable components are taken into account. The fixed component comprises the contractually agreed price component (agreed separately for the development service or confirmed to be included in the shipset price) and guaranteed minimum quantities. The variable component includes estimates regarding the distribution of quantities over the future period.
Contract costs:
Contract costs are measured at amortized cost.
If, in accordance with IFRS 15, there is no enforceable contractual entitlement to remuneration for engineering and tool development services provided, the associated expenses are capitalized as contract costs. The services provided and the subsequent series production constitute a single unit. In this case, the engineering and tool expenses are added to the price of the parts as a mark-up and are recognized as revenue upon delivery of the serial parts. The contract costs are amortized according to the number of shipsets delivered (see Note 6 \u2013 Use of assumptions and estimates).
Financing components:
In the case of development services without milestone payments, payment is made according to the ongoing delivery of series products over the total duration of the program. As the contractual obligation is fulfilled well before payments are made, a significant financing component exists, which is taken into account in the measurement of receivables from customer-related development services and contract assets.
Revenue is recognized in the amount of the present value of the agreed payments only. Compound interest effects are recognized as income in the financial result, meaning that payments received are not allocated in full to revenue.
In the case of development services with milestone payments, the performance of services and the receipt of payments largely coincide. Consequently, there is no significant financing component here.
In the case of contracts with a term of less than twelve months, no financing component is taken into account.
Contract liabilities from customer-related engineering:
Contract liabilities from customer-related engineering are recorded under current liabilities.
Bill and Hold Agreements:
Bill and hold agreements are concluded with individual customers as part of the delivery of series products. This documents the transfer of control in accordance with IFRS 15.38 and allows revenue to be recognized or inventories to be derecognized.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-435": { "value": "
Consolidated statement of cash flows (IAS\u00a07)
The indirect method was used to present the Consolidated Statement of Cash Flows for the consolidated cash flow from operating activities. Cash and cash equivalents correspond to cash on hand and liquid funds.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-436": { "value": "
53.
Effects of new and amended standards
The following new and amended standards were mandatorily effective for the first time in the 2025 financial year:
Standard/Interpretation
Mandatory application acc. to IASB for financial years beginning with
Adoption by the EU as of 31.12.2025
IAS\u00a021
(amended)
The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability
01.01.2025
Yes
The aforementioned new or amended standards and interpretations have not resulted in any significant changes compared to the previous year and have no material impact on the accounting policies of the FACC Group.
The International Accounting Standards Board (IASB) is currently working on a number of projects that will affect financial years beginning on or after 1 January 2026. The following new, revised or amended standards and IFRIC interpretations that have already been published by the IASB but are not yet mandatory in the EU have not been applied early by the FACC Group and are therefore not relevant to these Consolidated Financial Statements:
Standard/Interpretation
Published by IASB
Mandatory application acc. to IASB
Adoption by the EU as of 31.12.2025
Effects on the Consolidated Financial Statement
IFRS\u00a018
Presentation and Disclosure in Financial Statements
09.04.2024
01.01.2027
Yes
Yes
IFRS\u00a019
Subsidiaries without Public Accountability: Disclosure
09.05.2024
01.01.2027
No
No
IFRS\u00a019
(amended)
Subsidiaries without Public Accountability: Disclosure
21.08.2025
01.01.2027
No
No
IAS\u00a021
(amended)
The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency
13.11.2025
01.01.2027
No
No
IFRS\u00a07 / IFRS\u00a09
(amended)
Contracts Referencing Nature-dependent Electricity
18.12.2024
01.01.2026
Yes
No
Miscellaneous
Annual Impovments Vol. 11
18.07.2024
01.01.2026
Yes
No
IFRS\u00a09 / IFRS\u00a07
(amended)
Amendments to the Classification and Measurement of Financial Instruments
30.05.2024
01.01.2026
Yes
No
IFRS 18 replaces the existing regulations of IAS 1 on the general requirements for financial reporting, as well as subsequent amendments to IAS 7, IAS 33, IAS 34 and IAS 8.
In future, the standard will provide a useful structured summary of assets, liabilities, equity, income, expenses and cash flows. Fixed subtotals will be introduced in the income statement. In addition, the allocation of expenses and income to individual areas (operating, investing or financing) is intended to create a largely uniform structure that increases the comparability of financial reports.
In the cash flow statement, disclosure options for dividends and interest received or paid will be eliminated in future. Operating profit is defined as the starting point for the indirect cash flow statement.
In future, company-specific key performance indicators must also be described in the notes. There will also be fixed rules on how information is grouped in the financial statements, including items currently referred to as \u201cOther.\u201d
IFRS 18 may therefore have an impact on the presentation and structure of the FACC Group\u2019s consolidated income statement and the consolidated cash flow statement. New or amended disclosures will be required. Some issues are still being clarified, which may result in significant changes to the structure of the consolidated income statement.
The standard is to be applied for the first time for financial years beginning on or after 1 January 2027. Earlier application is permitted but not planned by FACC.
The first-time application of the other new or revised standards has no material impact on FACC`s Consolidated Financial Statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-437": { "value": "
Standard/Interpretation
Mandatory application acc. to IASB for financial years beginning with
Adoption by the EU as of 31.12.2025
IAS\u00a021
(amended)
The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability
01.01.2025
Yes
The aforementioned new or amended standards and interpretations have not resulted in any significant changes compared to the previous year and have no material impact on the accounting policies of the FACC Group.
The International Accounting Standards Board (IASB) is currently working on a number of projects that will affect financial years beginning on or after 1 January 2026. The following new, revised or amended standards and IFRIC interpretations that have already been published by the IASB but are not yet mandatory in the EU have not been applied early by the FACC Group and are therefore not relevant to these Consolidated Financial Statements:
Standard/Interpretation
Published by IASB
Mandatory application acc. to IASB
Adoption by the EU as of 31.12.2025
Effects on the Consolidated Financial Statement
IFRS\u00a018
Presentation and Disclosure in Financial Statements
09.04.2024
01.01.2027
Yes
Yes
IFRS\u00a019
Subsidiaries without Public Accountability: Disclosure
09.05.2024
01.01.2027
No
No
IFRS\u00a019
(amended)
Subsidiaries without Public Accountability: Disclosure
21.08.2025
01.01.2027
No
No
IAS\u00a021
(amended)
The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency
13.11.2025
01.01.2027
No
No
IFRS\u00a07 / IFRS\u00a09
(amended)
Contracts Referencing Nature-dependent Electricity
18.12.2024
01.01.2026
Yes
No
Miscellaneous
Annual Impovments Vol. 11
18.07.2024
01.01.2026
Yes
No
IFRS\u00a09 / IFRS\u00a07
(amended)
Amendments to the Classification and Measurement of Financial Instruments
30.05.2024
01.01.2026
Yes
No
IFRS 18 replaces the existing regulations of IAS 1 on the general requirements for financial reporting, as well as subsequent amendments to IAS 7, IAS 33, IAS 34 and IAS 8.
In future, the standard will provide a useful structured summary of assets, liabilities, equity, income, expenses and cash flows. Fixed subtotals will be introduced in the income statement. In addition, the allocation of expenses and income to individual areas (operating, investing or financing) is intended to create a largely uniform structure that increases the comparability of financial reports.
In the cash flow statement, disclosure options for dividends and interest received or paid will be eliminated in future. Operating profit is defined as the starting point for the indirect cash flow statement.
In future, company-specific key performance indicators must also be described in the notes. There will also be fixed rules on how information is grouped in the financial statements, including items currently referred to as \u201cOther.\u201d
IFRS 18 may therefore have an impact on the presentation and structure of the FACC Group\u2019s consolidated income statement and the consolidated cash flow statement. New or amended disclosures will be required. Some issues are still being clarified, which may result in significant changes to the structure of the consolidated income statement.
The standard is to be applied for the first time for financial years beginning on or after 1 January 2027. Earlier application is permitted but not planned by FACC.
The first-time application of the other new or revised standards has no material impact on FACC`s Consolidated Financial Statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-438": { "value": "
54.
Board member remuneration
The remuneration of the members of the Management Board of FACC\u00a0AG and the Supervisory Board of FACC\u00a0AG, who perform the same duties for FACC Operations GmbH, as of 31\u00a0December 2024 and as of 31\u00a0December 2025 was as follows:
Name
Non-success-
related
2024
EUR'000
Success-
related
2024
EUR'000
Termination
benefit
2024
EUR'000
Employer contribution to pension fund
2024
EUR'000
Total

2024
EUR'000
Robert Machtlinger
440
0
7
170
617
Andreas Ockel
421
0
24
100
545
Florian Heindl (from 01.05.2024)
237
0
36
0
273
Zhen Pang (till 14.05.2024)
143 1)
0
31
0
31
Tongyu Xu (from 15.05.2024)
232
0
32
0
264
\u00a0
1,473
0
130
270
1,730
1) Contains rollups from previous years
Name
Non-success-
related
2025
EUR'000
Success-
related
2025
EUR'000
Termination
benefit
2025
EUR'000
Employer contribution to pension fund
2025
EUR'000
Total

2025
EUR'000
Robert Machtlinger
459
0
35
170
664
Andreas Ockel (till 24.06.2025)
351
0
5
83
439
Florian Heindl
355
0
55
0
410
Tongyu Xu
418
0
51
0
469
\u00a0
1,583
0
146
253
1,982
The expenses for Supervisory Board members recorded in the Annual Financial Statements amounted to kEUR 444 (previous year: kEUR\u00a0565).
There were no advance payments or loans to members of the Supervisory Board of FACC\u00a0AG on the balance sheet date.
55.
Transactions with related companies and persons
FACC AG is the parent company of FACC Operations GmbH (100 percent shareholding). AVIC Cabin System Co, Limited holds 55.45 percent of the shares in FACC AG. The Aviation Industry Corporation of China, Ltd (AVIC) holds 100 percent of the shares in AVIC Cabin Systems Co. Limited.
The Aviation Industry Corporation of China, Ltd. (AVIC) belongs to the SASAC (State-owned Assets Supervision and Administration Commission of the State Council), which is a state supervisory authority and a public body within the meaning of IAS 24.9.
The Commercial Aircraft Corporation of China, Ltd (COMAC) also belongs to SASAC. Companies from the FACC AG Group have a business relationship with Shanghai Aircraft Manufacturing Co. Ltd, which is incorporated under COMAC. This business relationship is disclosed by FACC voluntarily and for reasons of transparency under receivables from related parties, although IAS 24.25 lit. a would provide for an exemption in this respect. The receivables amount to kEUR 27,502 (previous year: kEUR 18,404).
As in the previous year, transactions with related parties outside the scope of consolidation of FACC AG were concluded at arm's length in the period from 1 January 2025 to 31\u00a0December 2025and are, without exception, attributable to the ordinary business activities of the companies involved.
Transactions between the consolidated companies included in the consolidated financial statements were eliminated in the course of Group reporting and are therefore not explained in these notes.
Transactions with related companies and persons outside the consolidated companies of FACC\u00a0AG were concluded at arm\u2019s length terms in the period from 1\u00a0January\u00a02023 to 31\u00a0December\u00a02023, as in previous year and relate exclusively to trade receivables and trade payables.
\u00a0
Receivables

31.12.2024
EUR'000
Liabilities

31.12.2024
EUR'000
Revenues and other income
2024
EUR'000
Expenses

2024
EUR'000
Parent company
0
0
0
0
Other related companies
18,404
0
43,519
30,774
Companies over which the parent company exercises control
5,633
10,312
8,484
8,364
\u00a0
24,038
10,312
52,003
39,137
\u00a0
Receivables

31.12.2025
EUR'000
Liabilities

31.12.2025
EUR'000
Revenues and other income
2025
EUR'000
Expenses

2025
EUR'000
Parent company
0
0
0
0
Other related companies
27,502
0
68,719
43,268
Companies over which the parent company exercises control
6,197
20,203
12,016
12,076
\u00a0
33,699
20,203
80,735
55,344
In the 2025 financial year, the relocation of the production of structural components and cabin interior components for the C919 aircraft type (customer: COMAC) to a Chinese sister company was completed. When drawing up the contract, particular attention will be paid to ensuring that this is done at standard market conditions.
Transactions with related parties are subject to the general provisions for allowances. Guarantees were neither granted nor received.
59.
Management and Supervisory Boards
Members of the Management Board
Robert Machtlinger, CEO
Andreas Ockel, COO (till 24 June 2025)
Florian Heindl, CFO
Tongyu Xu, CSO
Members of the Supervisory Board
Chengkuan Wang (Chairman)
Bin Wang (since 6 March 2025)
Xu Yang (since 28 November 2025)
Jian Wang (till 31 March 2025)
Ian Chang
Weixi Gong
Jiajia Dai
Junqi Sheng
Tom Williams
J\u00fcrgen Fischer (employee representative)
Erwin Hofinger (employee representative)
Barbara Huber (employee representative)
Karin Klee (employee representative)
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-439": { "value": "
54.
Board member remuneration
The remuneration of the members of the Management Board of FACC\u00a0AG and the Supervisory Board of FACC\u00a0AG, who perform the same duties for FACC Operations GmbH, as of 31\u00a0December 2024 and as of 31\u00a0December 2025 was as follows:
Name
Non-success-
related
2024
EUR'000
Success-
related
2024
EUR'000
Termination
benefit
2024
EUR'000
Employer contribution to pension fund
2024
EUR'000
Total

2024
EUR'000
Robert Machtlinger
440
0
7
170
617
Andreas Ockel
421
0
24
100
545
Florian Heindl (from 01.05.2024)
237
0
36
0
273
Zhen Pang (till 14.05.2024)
143 1)
0
31
0
31
Tongyu Xu (from 15.05.2024)
232
0
32
0
264
\u00a0
1,473
0
130
270
1,730
1) Contains rollups from previous years
Name
Non-success-
related
2025
EUR'000
Success-
related
2025
EUR'000
Termination
benefit
2025
EUR'000
Employer contribution to pension fund
2025
EUR'000
Total

2025
EUR'000
Robert Machtlinger
459
0
35
170
664
Andreas Ockel (till 24.06.2025)
351
0
5
83
439
Florian Heindl
355
0
55
0
410
Tongyu Xu
418
0
51
0
469
\u00a0
1,583
0
146
253
1,982
The expenses for Supervisory Board members recorded in the Annual Financial Statements amounted to kEUR 444 (previous year: kEUR\u00a0565).
There were no advance payments or loans to members of the Supervisory Board of FACC\u00a0AG on the balance sheet date.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-440": { "value": "
56.
Fees of the Group auditor
The following fees for the services of the Group auditor KPMG Austria GmbH Wirtschaftspr\u00fcfungs- und Steuerberatungsgesellschaft were recognized as expenses in the 2025 and 2024 financial years:
\u00a0
2024
2025
\u00a0
EUR'000
EUR'000
Group and annual audit
255
246
Other confirmation services
110
0
Other consulting services
53
51
\u00a0
418
297
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-441": { "value": "
57.
Events after the balance sheet date
With regard to the Iran-Israel-US conflict, FACC is unable to assess general risks (e.g., oil price developments, etc.) or general economic developments. The direct risk is currently classified as low.
There were no other events requiring disclosure after the balance sheet date of 31 December 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-442": { "value": "
58.
Approval for publication
These Consolidated Financial Statements were prepared by the Management Board and are scheduled to be submitted by the Management Board to the Supervisory Board for review on 25 March 2025. The Consolidated Financial Statements will then be submitted to the Annual General Meeting for approval. The Supervisory Board may arrange for amendments to be made to the Consolidated Financial Statements within the scope of its duties as assessor.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:52990021YEMY298JY727", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }