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"value": "738492000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2026-04-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-343": { "value": "485079000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-1": { "value": "
\u20ac in thousands
Share
capital
Other
reserves
Hybrid
capital
Retained
earnings
Equity
attributable
to owners
of the parent
company
Non-
controlling
interests
Total
equity
Mar 31, 2024
141,846
(68,891)
347,956
545,668
966,579
\u2013
966,579
Profit for the year
\u2013
\u2013
\u2013
89,695
89,695
\u2013
89,695
Other comprehensive income for the year
\u2013
37,348
\u2013
\u2013
37,348
\u2013
37,348
thereof currency translation differences,
net of taxes
\u2013
43,475
\u2013
\u2013
43,475
\u2013
43,475
thereof remeasurement of post-employment
obligations, net of tax
\u2013
(1,860)
\u2013
\u2013
(1,860)
\u2013
(1,860)
thereof change in hedging instruments for
cash flow hedges, net of tax
\u2013
(4,267)
\u2013
\u2013
(4,267)
\u2013
(4,267)
Total comprehensive income
for the year 2024/25
\u2013
37,348
\u2013
89,695
127,043
\u2013
127,043
Hybrid coupon paid
\u2013
\u2013
\u2013
(17,500)
(17,500)
\u2013
(17,500)
Other changes
\u2013
\u2013
\u2013
(1,172)
(1,172)
\u2013
(1,172)
Mar 31, 2025
141,846
(31,543)
347,956
616,691
1,074,950
\u2013
1,074,950
Loss for the year
\u2013
\u2013
\u2013
(25,590)
(25,590)
\u2013
(25,590)
Other comprehensive income for the year
\u2013
19,381
\u2013
\u2013
19,381
\u2013
19,381
thereof currency translation differences,
net of tax
\u2013
10,239
\u2013
\u2013
10,239
\u2013
10,239
thereof remeasurement of
post-employment obligations, net of tax
\u2013
1,863
\u2013
\u2013
1,863
\u2013
1,863
thereof change in available-for-sale financial assets, net of tax
\u2013
(12)
\u2013
\u2013
(12)
\u2013
(12)
thereof change in hedging instruments for
cash flow hedges, net of tax
\u2013
7,291
\u2013
\u2013
7,291
\u2013
7,291
Total comprehensive income
for the year 2025/26
\u2013
19,381
\u2013
(25,590)
(6,209)
\u2013
(6,209)
Hybrid coupon paid
\u2013
\u2013
\u2013
(17,500)
(17,500)
\u2013
(17,500)
Mar 31, 2026
141,846
(12,162)
347,956
573,601
1,051,241
\u2013
1,051,241
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"atsag:HybridkapitalMember", "unit": "iso4217:EUR" } }, "fact-347": { "value": "545668000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-348": { "value": "966579000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "fact-349": { "value": "966579000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2024-04-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-350": { "value": "89695000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:529900EVOKN4LCCD9321", "period": 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A.
General
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (hereinafter referred to as \u201cthe Company\u201d, and with its subsidiaries referred to as \u201cthe Group\u201d) was incorporated in Austria. The Company is headquartered in Austria, Fabriksgasse 13, 8700 Leoben-Hinterberg.
The Group manufactures and distributes printed circuit boards and provides related services in the segments of Electronics Solutions, Microelectronics and Others. The products are manufactured in the European and Asian markets and are directly distributed to original equipment manufacturers (OEM) as well as to contracted electronic manufacturers (CEM).
Since May\u00a020,\u00a02008, the Company has been listed in the Prime Market segment of the Vienna Stock Exchange, Austria, and, after a period of double listing on the previous exchange in Frankfurt am Main, Germany, has been traded exclusively on the Vienna Stock Exchange since September\u00a015,\u00a02008. Prior to changing stock exchange, the Company had been listed on the Frankfurt Stock Exchange since July\u00a016,\u00a01999. Since March\u00a019,\u00a02018, the Company\u2019s shares have been included in the Austrian ATX index. According to Section 245a of the Austrian Commercial Code (UGB), the consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) and interpretations (IFRIC and SIC) of the International Accounting Standards Board (IASB) as adopted by the European Union (EU).
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-6": { "value": "AT & S Austria Technologie & Systemtechnik Aktiengesellschaft", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-5": { "value": "AT & S Austria Technologie & Systemtechnik Aktiengesellschaft", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-4": { "value": "AT & S Austria Technologie & Systemtechnik Aktiengesellschaft", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-3": { "value": "Aktiengesellschaft", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-7": { "value": "Austria", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-10": { "value": "The Company is headquartered in Austria, Fabriksgasse 13, 8700 Leoben-Hinterberg.", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-8": { "value": "Austria", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-9": { "value": "Fabriksgasse 13, 8700 Leoben-Hinterberg", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-11": { "value": "manufactures and distributes printed circuit boards and provides related services in the segments of Electronics Solutions, Microelectronics and Others", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-12": { "value": "According to Section 245a of the Austrian Commercial Code (UGB), the consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) and interpretations (IFRIC and SIC) of the International Accounting Standards Board (IASB) as adopted by the European Union (EU).", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-13": { "value": "
B.
Accounting and measurement policies
The consolidated financial statements have been prepared under the historical cost convention, except for securities and derivative financial instruments and the portion of trade receivables that is assigned to banks in the following month as part of factoring agreements, these are measured at their fair values.
a.
Consolidation principles
The balance sheet date for all consolidated companies is March\u00a031,\u00a02026, with the following exceptions: due to the legal regulations in China, the financial year of AT&S (China) Company Limited and AT&S\u00a0(Chongqing) Company Limited corresponds to the calendar year (balance sheet date: December\u00a031,\u00a02025), meaning that they were consolidated based on the interim financial statements as of March\u00a031,\u00a02026.
The consolidated financial statements were approved by the Management Board on May\u00a020,\u00a02026. The separate financial statements of the Company, which are included in the consolidation after reconciliation to the applicable accounting standards, will be presented for approval to the Supervisory Board on June\u00a03,\u00a02026. The separate financial statements of the Company can be modified by the Supervisory Board and, in case of presentation to the Annual General Meeting, by the Company\u2019s shareholders in a way that might also affect the presentation of the consolidated financial statements.
Group of consolidated entities The Company controls an entity when the Group is exposed to risks or has rights to variable returns from its involvement with the entity and can affect those returns through its power over the entity. In addition to the Company itself, the consolidated financial statements comprise the following fully consolidated subsidiaries:
\u25fe
AT&S Asia Pacific Limited, Hong Kong, China (hereinafter referred to as AT&S Asia Pacific), share 100%
\u25fe
AT&S (China) Company Limited, China (hereinafter referred to as AT&S China), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S (Chongqing) Company Limited, China (hereinafter referred to as AT&S Chongqing), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S Japan K.K., Japan, (hereinafter referred to as AT&S Japan), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S (Taiwan) Co., Ltd., Taiwan (hereinafter referred to as AT&S Taiwan), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S India Private Limited, India (hereinafter referred to as AT&S India), share 100%
\u25fe
AT&S Korea Sales Support Co., Ltd., South Korea (hereinafter referred to as AT&S Korea Sales), share 100%
\u25fe
AT&S Americas LLC, USA (hereinafter referred to as AT&S Americas), share 100%
\u25fe
AT&S Deutschland GmbH, Germany (hereinafter referred to AT&S Deutschland), share 100%
\u25fe
AT & S Skandinavia AB, Sweden (hereinafter referred to as AT&S Sweden), share 100%
\u25fe
AT&S Austria Technologie & Systemtechnik (Malaysia) SDN. BHD. (hereinafter referred to AT&S Malaysia), share 100%
The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the equity interests issued and the liabilities incurred and/or assumed at the acquisition date. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
For each business combination, the Group measures any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s identifiable net assets and, accordingly, recognizes the full or proportional goodwill. If the consideration transferred is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in profit or loss.
When the Group ceases to have control or significant influence over a company, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. The fair value is the fair value determined at the initial recognition of an associate, joint venture or financial asset. In addition, any amounts recognised in other comprehensive income in respect of that entity are accounted for as if the parent company had directly disposed of the related assets or liabilities.
Non-current assets or disposal groups are classified as held for sale if the corresponding carrying amount is mainly realized by a sale transaction rather than by continued use. This condition is only considered to be met if the non-current asset or the disposal group is available for immediate sale in its current condition and the sale is highly probable. The management must have committed to the sale. It must be assumed that the sale transaction will be concluded within a year of such a classification.
Non-current assets or disposal groups that are classified as held for sale are measured at the lower of their original carrying amount and fair value less costs to sell.
In the event that the Group has committed to a sale involving loss of control of a subsidiary, all assets and liabilities of that subsidiary will be classified as held for sale, provided that the above-mentioned conditions are met. This applies regardless of whether or not the Group retains a non-controlling interest in its former subsidiary after the sale.
In the event that the Group has committed to a sale that leads to the disposal of an investment or part of an investment in an associate or joint venture, the investment or part of the investment will be classified as held for sale, provided that the above-mentioned conditions are met.
Methods of consolidation All significant intercompany balances and transactions have been eliminated so that the consolidated financial statements present the accounting information of the Group as if it were one single company.
Capital consolidation is made in accordance with IFRS 3 \u201cBusiness Combinations\u201d and IFRS 10 \u201cConsolidated Financial Statements\u201d. Intercompany accounts receivable and payable as well as expenses and income are eliminated. Unless immaterial, intercompany results in non-current assets and inventories are eliminated. Furthermore, uniform accounting and measurement methods are applied to all consolidated subsidiaries.
b.
Segment reporting
The definition of operating segments and the presentation of segment results are based on the management approach and follow internal reports to the Management Board as the chief operating decision-maker, i.e. the body that decides on the allocation of resources to the individual segments. An operating segment is a component of an entity that engages in business activities and whose operating results are reviewed regularly by the entity\u2019s chief operating decision-maker. Business activities involve earning revenues and incurring expenses, and these may also relate to business transactions with other operating segments of the entity. Separate financial information is available for the individual operating segments.
The AT&S Group structures its operating activities into the following segments:
\u25fe
Electronics Solutions
\u25fe
Microelectronics
\u25fe
Others
The two operating segments are now structured based on technology. The Electronics Solutions segment comprises the areas of printed circuit boards and will also increasingly cover the modules and embedding business through the development of high-tech solutions. The Microelectronics segment comprises the production of IC substrates for PCs and servers.
The Others segment includes product design services, research and development services and corporate and holding activities.
c.
Foreign currencies
The Group\u2019s presentation currency is the euro (\u20ac). The functional currency of the foreign subsidiaries is the respective local currency.
Foreign subsidiaries With the exception of equity positions (historical exchange rate), the balance sheets of AT&S India, AT&S China, AT&S Asia Pacific, AT&S Japan, AT&S Americas, AT&S Chongqing, AT&S Malaysia, AT&S Taiwan, AT&S Sweden and AT&S Korea Sales are translated at the exchange rates on the balance sheet date. The profit or loss statements are translated at the average exchange rates of the financial year. The effect of changes in the exchange rate with regard to the foreign subsidiaries\u2019 net assets is recognized directly in equity.
Foreign currency transactions In the financial statements of each of the Group\u2019s entities, foreign currency items are translated at the exchange rates prevailing on the day of the transaction. Monetary items are translated at the respective exchange rate ruling at the balance sheet date; non-monetary items which were recognized according to the historical cost principle are carried at the rate of their initial recognition. Translation adjustments from monetary items, with the exception of financial assets classified as \u201cat fair value through other comprehensive income\u201d, are recognized in profit or loss.
Closing rate
Average rate
Mar 31, 2026
Mar 31, 2025
Change in %
Apr 1, 2025 -
Mar 31, 2026
Apr 1, 2024 -
Mar 31, 2025
Change in %
Chinese yuan renminbi
7.9106
7.8419
0.9%
8.1921
7.7406
5.8%
Hong Kong dollar
8.9894
8.4209
6.8%
9.0178
8.3705
7.7%
Malaysian ringgit
4.6367
4.7973
(3.3%)
4.8080
4.8371
(0.6%)
Indian rupee
107.7200
92.4800
16.5%
102.2477
90.6846
12.8%
Japanese yen
182.9200
161.4400
13.3%
174.3885
163.4038
6.7%
South Korean won
1,752.7200
1,593.7500
10.0%
1,648.7077
1,496.2700
10.2%
Swedish Krone
10.9795
10.8564
1.1%
10.9227
11.4183
(4.3%)
Taiwan dollar
36.7439
35.9409
2.2%
35.8351
34.8415
2.9%
US dollar
1.1468
1.0811
6.1%
1.1555
1.0740
7.6%
d.
Revenue recognition
Revenue comprises the fair value of considerations received in the course of the Group\u2019s ordinary activities. Revenue is recognized net of VAT, discounts and price reductions, and after the elimination of intercompany sales. Revenue is realized as follows:
Revenue from product sales In accordance with IFRS\u00a015, revenue must be recognized when control over agreed goods and services passes to the customer and the customer obtains a benefit from them. Revenue can be recognized at a specific point in time or over time. When products are manufactured specifically tailored to the customer\u2019s needs and there is consequently no alternative use for such products and the entity has an enforceable right to payment for performance completed to date including a margin, control of these products passes to the customer according to IFRS\u00a015.35\u00a0c. Some of the AT&S Group\u2019s customers meet these criteria; therefore revenue is recognized over time in such cases. Progress is measured based on the cost incurred to date in relation to total cost.
In cases where customers do not meet these criteria, revenue is recognized at a point in time when control over delivery has passed to the buyer (depending on the agreed incoterms).
e.
Income taxes
The income tax burden is based on the profit for the year and includes deferred income taxes.
The Group provides for deferred income taxes using the balance-sheet-oriented method. Under this method, the expected tax effect of differences arising between the carrying amounts in the consolidated financial statements and the taxable carrying amounts are taken into account by recognizing deferred tax assets and tax liabilities. These differences will be reversed in the future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted on the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax assets capitalized at the current balance sheet date.
Deferred income taxes arise from the measurement of specific assets and liabilities, as well as from tax loss carryforwards.
Deferred taxes on not yet realized profits/losses of equity instruments, post-employment obligations and on not yet realized profits/losses from hedging instruments for cash flow hedges that are recognized in equity are also directly recognized in equity.
In accordance with IFRS, deferred income tax assets on loss carryforwards have to be recognized to the extent that it is probable that they will be utilized against future taxable profits.
Deferred taxes are not recognized for temporary differences in connection with holdings in subsidiaries provided that the Group is able to control the timing of the reversal of the temporary differences and it is likely that the temporary differences will not be reversed in the foreseeable future.
f.
Property, plant and equipment
Items of property, plant and equipment are measured at cost. Expenditures directly attributable to an acquisition and the subsequent expenditure are capitalized; repairs and maintenance costs, however, are expensed as incurred.
Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalized as part of the acquisition or production costs of this asset in accordance with IAS 23.
From the time of their availability for use, the assets are depreciated on a straight-line basis over their expected useful lives. Depreciation is charged on a pro rata temporis basis. Land is not subject to depreciation.
Scheduled depreciation is based on the following useful lives applicable throughout the Group:
Plants and buildings
10 \u2013 50 years
Machinery and technical equipment
4 \u2013 15 years
Tools, fixtures, furniture and office equipment
3 \u2013 15 years
Depreciation periods and methods are reviewed annually at the end of the financial year.
Profits or losses resulting from the closure or retirement of non-current assets, which arise from the difference between the net realizable value and the carrying amounts, are recognized in profit or loss.
g.
Leases
A lease is a contract that transfers the right to use an asset (leasing asset) for an agreed period of time against a consideration. Since April\u00a01,\u00a02019, the Group as a lessee, recognizes, for all leases, right-of-use assets in the statement of financial position and liabilities for the payment obligations entered into at present value. Lease payments are discounted at the rate implicit in the lease if that can be readily determined. Otherwise, the incremental borrowing rate is used. Lease liabilities include fixed payments, variable index-linked payments, and the exercise price of a purchase option, if the exercise is considered to be sufficiently certain.
The subsequent measurement is made at amortized cost. Right-of-use assets are depreciated on a straight-line basis over the period of the contract.
For leases in which the underlying asset is of low value (up to \u20ac\u00a05 thousand) and for short-term leases (up to 12\u00a0months or less) the practical expedients are used and payments are recognized on a straight-line basis as an expense in the statement of profit or loss. In addition, the provisions are not applied to leases of intangible assets.
In particular, leases of real estate include extension and termination options. When determining the term of the contract, all facts and circumstances offering an economic incentive to exercise extension options or not to exercise termination options are taken into account. Changes in the term resulting from the exercise or non-exercise of such options are only considered if they are sufficiently certain.
The Group only acts as a lessee. Transactions in which the Group is the lessor do not take place.
h.
Intangible assets
Patents, trademarks, and licenses Expenditure on acquired patents, trademarks, and licenses is capitalized at cost, including incidental acquisition expenses, and amortized on a straight-line basis over the asset\u2019s useful life, generally between two and ten years. Amortization terms and methods are reviewed annually at the end of the financial year.
Research and development costs Research costs are expensed as incurred and charged to cost of sales. Development costs are also expensed as incurred. An intangible asset arising from development is recognized if, and only if, an entity can demonstrate all of the following:
\u25fe
The technical feasibility of completing the intangible asset so that it will be available for use or sale.
\u25fe
Its intention to complete the intangible asset and use or sell it.
\u25fe
Its ability to use or sell the intangible asset.
\u25fe
How the intangible asset will generate probable future economic benefits is verifiable.
\u25fe
The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.
\u25fe
Its ability to reliably measure the expenditure attributable to the intangible asset during its development.
Capitalized development projects include all the directly attributable costs incurred as a result of development processes. Borrowing costs are capitalized if the development project is a qualifying asset in accordance with IAS 23. Development costs are amortized on a straight-line basis over a useful life from six to seven years, which is derived from the expected sales periods.
i.
Impairment losses and appreciation of property, plant and equipment, and intangible assets
The Group regularly reviews property, plant and equipment and intangible assets for possible impairment. If evidence for impairment exists, an impairment test is carried out without delay. Intangible assets in the development phase are tested annually for impairment. If the recoverable amount of the respective asset is below its carrying amount, an impairment loss amounting to the difference is recognized. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and its value in use. The value in use corresponds to the estimated future cash flows expected from the continued use of the asset and its disposal at the end of its useful life. The discount rates applied correspond to the weighted cost of capital based on externally available capital market data that are typical in the industry and have been adapted to the specific risks.
If the reason for the impairment recognized in the past no longer exists, with the exception of goodwill, an appreciation up to amortized cost is made.
j.
Inventories
Inventories are stated at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less variable costs necessary to make the sale. Cost is determined by the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises raw materials, direct labor, other direct costs, and related production overheads. Interest on borrowed capital is not recognized.
k.
Trade and other receivables and contract assets
Receivables not including a material financing component are initially measured at the transaction price in accordance with IFRS 15 and subsequently recognized at amortized cost, if necessary less impairment for expected and actual credit losses. The receivables are measured in accordance with the simplified model (lifetime expected credit losses). For this purpose, the required impairment is determined within the scope of a provision matrix by analyzing historical data and estimating future developments. All receivables are due within less than one year and therefore do not include a financing component in the form of interest.
l.
Financial assets
Financial assets are recognized and derecognized using settlement date accounting. The fair values recognized in the statement of financial position generally correspond to market prices of financial assets. Except for financial assets at fair value through profit or loss, they are initially recognized including transaction costs.
Financial assets are divided into two categories in accordance with IFRS 9, those which are measured at amortized cost and those measured at fair value. When financial assets are valued at fair value, expenses and income are recognized through profit or loss or other comprehensive income.
At amortized cost This category includes all financial assets held as part of a business model whose objective is the collection of contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
At the time of acquisition, the financial asset is measured at fair value in accordance with IFRS 15 (contract assets and trade receivables). The financial asset is subsequently measured at amortized cost less any impairment. Impairments are recognized through profit or loss.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime. Credit loss is determined based on a provision matrix created based on a rating of the customers and past due receivables.
Financial assets at fair value through other comprehensive income This category includes those financial assets held as part of a business model whose objective is the collection of contractual cash flows and the sale of financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
In the AT&S Group, trade receivables are in part sold to banks as part of factoring agreements. The part of receivables as of March\u00a031 which is sold to banks at nominal value after this date is measured at fair value through other comprehensive income. The measurement at fair value has no significant impact on the consolidated financial statements. Therefore it is assumed that the fair value corresponds to the previous measurement standard of amortized cost.
All equity instruments for which IFRS 9 has to be applied are recognized at fair value; value changes are recognized through profit or loss. If an equity instrument is not held for trading, an entity can make the irrevocable decision at initial recognition to recognize value changes through OCI. Then, only income from dividends is recognized through profit or loss, insofar as they do not represent a capital repayment.
In accordance with IFRS 9, the irrevocable option of measurement through other comprehensive income was used. Value changes will consequently continue to be recognized in other comprehensive income.
Financial assets at fair value through profit or loss This category includes financial assets which were classified neither at amortized cost nor at fair value through other comprehensive income. At the time of their acquisition, they are stated at fair value, excluding transaction costs, and, in subsequent periods, at their respective fair values. Realized and unrealized gains and losses are recognized in profit or loss in \u201cFinance costs - net\u201d. This relates primarily to securities held for trading. Derivative financial instruments also fall into this category, unless hedge accounting is applied (refer to \u201cDerivative financial instruments\u201d).
Derivative financial instruments Where possible, the Group uses derivative financial instruments to hedge against interest fluctuations. These instruments relate to interest rate swaps and forward exchange transactions. They are concluded to protect the Group against rising interest rates or adverse foreign currency effects. They are entered into in order to protect the Group against interest rate fluctuations. The Group does not hold any financial instruments for speculative purposes.
The first-time recognition at the conclusion of the contract and the subsequent measurement of derivative financial instruments are made at their fair value. AT&S continues to apply the provisions of IAS 39 with respect to hedge accounting. \u201cHedge accounting\u201d in accordance with IAS 39 \u201cFinancial Instruments: Recognition and Measurement\u201d, according to which changes in fair values of hedging instruments are recognized in equity, is applied when there is an effective hedging relationship pursuant to IAS\u00a039 for hedging instruments for cash flow hedges. The assessment of whether the derivative financial instruments used in the hedging relationship are highly effective in offsetting the changes in cash flows of the hedged item is documented at the inception of the hedging relationship and on an ongoing basis.
The Group only discontinues recognition as a designated hedging relationship if the hedging relationship (or part of it) no longer meets the qualification criteria (subject to recalibration). In principle, this also includes cases in which the hedging instrument expires, is sold, terminated, or exercised. Termination is carried out prospectively. All gains or losses recognized in other comprehensive income and accumulated in the cash flow hedge reserve at this time remain in equity and are reclassified to the income statement when the expected transaction occurs.
If a derivative does not qualify for hedge accounting, unrealized gains and losses from derivative financial instruments are recognized in the income statement in the financial result.
Interest and dividend income Interest income is recognized on a pro rata temporis basis, taking into account the effective interest rate of the asset. Dividend income from financial assets is recognized in profit or loss when the Group\u2019s right to receive payments is established.
Impairment of financial assets The new impairment expected credit loss (ECL) model according to IFRS 9 has to be applied for financial assets which are measured at amortized cost, for contract assets and debt instruments measured at fair value through OCI.
In accordance with IFRS 9, impairment must be determined using either the twelve-month model, which takes into account expected credit losses within the next twelve months, or the lifetime expected credit loss model which takes into account expected credit losses that result from possible default events within the whole lifetime.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime of the asset. The credit loss is determined based on a provision matrix created based on a rating of the customers and overdue of the receivables.
m.
Cash and cash equivalents
Cash and cash equivalents comprise cash, time deposits, deposits held at call with banks, and short-term, highly liquid investments with an original maturity of up to three months (commercial papers and money market funds).
n.
Non-controlling interests
The Company does not have any non-controlling interests. The profit for the year and other comprehensive income are attributed to the owners of the parent company and the holders of the hybrid capital.
o.
Provisions
Provisions are recognized if the Group has a legal or de facto obligation to third parties, which is based on past events, where it is probable that this will result in an outflow of resources and the amount can be estimated reliably. The provisions are remeasured at each balance sheet date and their amounts are adjusted accordingly.
Non-current provisions are reported at the discounted amount to be paid at each balance sheet date if the interest effect resulting from the discounting is material.
p.
Provisions for employee benefits
Pension obligations The Group operates various defined contribution and defined benefit pension schemes.
A defined contribution plan is a pension plan under which the Group pays fixed contributions into a special purpose entity (fund). These contributions are charged to staff costs. No provision has to be set up, as there are no additional obligations beyond the fixed amounts.
For individual members of the Management Board and certain executive employees, the Group has defined benefit plans that are valued by qualified and independent actuaries at each balance sheet date. The Group\u2019s obligation is to meet the benefits committed to former members of the Management Board and former executive employees as well as their dependents. The pension obligation calculated according to the projected unit credit method is reduced by the plan assets of the fund in the case of a funded pension scheme. The present value of the future pension benefit is determined based on years of service, expected remuneration, and pension adjustments.
To the extent that the plan assets of the fund do not cover the obligation, the net liability is accrued under pension provisions. If the net assets exceed the pension obligation, the exceeding amount is capitalised under \u201cOverfunded pension benefits\u201d.
Staff costs recognized in the respective financial year are based on expected values and include the service costs. Net interest on net liabilities is recognized in \u201cFinance costs - net\u201d. Remeasurements of the net liability are recognized in other comprehensive income and comprise gains and losses arising from the remeasurement of post-employment obligations.
Provisions for severance payments Pursuant to labor regulations, severance payments have to be paid primarily on termination of employment by the employer or on the retirement of an employee. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
For employees who joined the Austrian company up to and including 2002, the Company has direct obligations that account for the major part of the Group\u2019s severance payment obligations. In accordance with IAS 19, these liabilities are calculated using the projected unit credit method as described above and represent severance payment obligations not covered by plan assets. For employees who joined the Company as of or after January\u00a01,\u00a02003, the severance payment obligation is met by regular contributions to a staff provision fund (\u201cMitarbeitervorsorgekasse\u201d). These contributions are included in staff costs. The Company has no further payment obligations once the contributions have been paid.
For employees of the Company in India, obligations for severance payments are covered by life insurance policies.
Other employee benefits Other employee benefits include provisions for anniversary bonuses and relate to employees in Austria and China. Furthermore, any other employee entitlements are also recognized here, provided they have a long-term nature.
Anniversary bonuses are special one-off payments stipulated in the Collective Agreement which are dependent on remuneration and duration of service. Eligibility is determined by a certain minimum length of employment. The respective liability is calculated in accordance with the projected unit credit method based on the same parameters used for severance payments.
Staff costs recognized in the respective financial year include entitlements acquired and the actuarial results. The interest component is recognized in \u201cFinance costs - net\u201d. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
q.
Stock appreciation rights, Performance share plan
The Group introduced a long-term incentive program based on stock appreciation rights (SARs). Stock appreciation rights relate to value increases in share prices based on the performance of the share price and are settled in cash.
In the 2025/26 financial year, the Group introduced a new long-term remuneration model based on a performance share plan (PSP). The individuals concerned are allocated virtual shares (share units) based on various parameters. The amount paid out depends on the final number of share units allocated and the share price of AT\u00a0&\u00a0S Austria Technologie & Systemtechnik Aktiengesellschaft on the Vienna Stock Exchange. They are measured at fair value using an option pricing model.
SAR and PSP are accounted for in accordance with IFRS 2 \u201cShare-based Payment\u201d.
The fair value of the employee services rendered as consideration for the granting of SARs and PSP is recognized as an expense. Upon initial recognition and at every balance sheet date until the liabilities are settled, SAR liabilities are measured at fair value through profit or loss, applying the option price model. Reference is made to Note 14 \u201cTrade and other payables\u201d.
r.
Liabilities
Financial liabilities are initially measured at fair value less transaction cost and, in subsequent periods, at amortized cost using the effective interest rate method. Foreign currency liabilities are translated at the average exchange rate prevailing at the balance sheet date.
s.
Contract liabilities
Contract liabilities are initially recognized at fair value less transaction costs and measured at amortized cost in subsequent periods. Contract liabilities in foreign currencies are measured at the average exchange rate at the time of initial recognition as they are not monetary items. If a significant financing component exists, interest is accrued on the liability.
t.
Government grants
Government grants are recognized at their fair value where there is a reasonable assurance that the grants will be received and the Group will comply with all attached conditions.
Government grants relating to costs are deferred and recognized in profit or loss over the period necessary to match them with the costs that they are intended to compensate. Government grants relating to investments in property, plant and equipment are included in liabilities as deferred government grants; they are recognized in profit or loss on a straight-line basis over the expected useful life of the related assets. Government grants relating to costs and property, plant and equipment are recognized in profit or loss under other operating result.
u.
Contingent liabilities, contingent assets, and other financial obligations
Contingent liabilities are not recognized in the statement of financial position, but are disclosed in Note\u00a021 \u201cContingent liabilities and other financial commitments\u201d. They are not disclosed if an outflow of resources with economic benefit is unlikely.
A contingent asset is not recognized in the consolidated financial statements but disclosed if the inflow of an economic benefit is likely.
v.
First-time adoption of accounting standards
The following new and/or amended standards and interpretations were applied for the first time in the financial year 2025/26 and pertain to the International Financial Reporting Standards (IFRS) as adopted by the EU.
\u25fe
IAS 21: Effects of changes in exchange rates with limited convertibility
No material effects resulted from the amended standards.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-14": { "value": "
The consolidated financial statements have been prepared under the historical cost convention, except for securities and derivative financial instruments and the portion of trade receivables that is assigned to banks in the following month as part of factoring agreements, these are measured at their fair values.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-15": { "value": "
a.
Consolidation principles
The balance sheet date for all consolidated companies is March\u00a031,\u00a02026, with the following exceptions: due to the legal regulations in China, the financial year of AT&S (China) Company Limited and AT&S\u00a0(Chongqing) Company Limited corresponds to the calendar year (balance sheet date: December\u00a031,\u00a02025), meaning that they were consolidated based on the interim financial statements as of March\u00a031,\u00a02026.
The consolidated financial statements were approved by the Management Board on May\u00a020,\u00a02026. The separate financial statements of the Company, which are included in the consolidation after reconciliation to the applicable accounting standards, will be presented for approval to the Supervisory Board on June\u00a03,\u00a02026. The separate financial statements of the Company can be modified by the Supervisory Board and, in case of presentation to the Annual General Meeting, by the Company\u2019s shareholders in a way that might also affect the presentation of the consolidated financial statements.
Group of consolidated entities The Company controls an entity when the Group is exposed to risks or has rights to variable returns from its involvement with the entity and can affect those returns through its power over the entity. In addition to the Company itself, the consolidated financial statements comprise the following fully consolidated subsidiaries:
\u25fe
AT&S Asia Pacific Limited, Hong Kong, China (hereinafter referred to as AT&S Asia Pacific), share 100%
\u25fe
AT&S (China) Company Limited, China (hereinafter referred to as AT&S China), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S (Chongqing) Company Limited, China (hereinafter referred to as AT&S Chongqing), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S Japan K.K., Japan, (hereinafter referred to as AT&S Japan), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S (Taiwan) Co., Ltd., Taiwan (hereinafter referred to as AT&S Taiwan), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S India Private Limited, India (hereinafter referred to as AT&S India), share 100%
\u25fe
AT&S Korea Sales Support Co., Ltd., South Korea (hereinafter referred to as AT&S Korea Sales), share 100%
\u25fe
AT&S Americas LLC, USA (hereinafter referred to as AT&S Americas), share 100%
\u25fe
AT&S Deutschland GmbH, Germany (hereinafter referred to AT&S Deutschland), share 100%
\u25fe
AT & S Skandinavia AB, Sweden (hereinafter referred to as AT&S Sweden), share 100%
\u25fe
AT&S Austria Technologie & Systemtechnik (Malaysia) SDN. BHD. (hereinafter referred to AT&S Malaysia), share 100%
The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the equity interests issued and the liabilities incurred and/or assumed at the acquisition date. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
For each business combination, the Group measures any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s identifiable net assets and, accordingly, recognizes the full or proportional goodwill. If the consideration transferred is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in profit or loss.
When the Group ceases to have control or significant influence over a company, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. The fair value is the fair value determined at the initial recognition of an associate, joint venture or financial asset. In addition, any amounts recognised in other comprehensive income in respect of that entity are accounted for as if the parent company had directly disposed of the related assets or liabilities.
Non-current assets or disposal groups are classified as held for sale if the corresponding carrying amount is mainly realized by a sale transaction rather than by continued use. This condition is only considered to be met if the non-current asset or the disposal group is available for immediate sale in its current condition and the sale is highly probable. The management must have committed to the sale. It must be assumed that the sale transaction will be concluded within a year of such a classification.
Non-current assets or disposal groups that are classified as held for sale are measured at the lower of their original carrying amount and fair value less costs to sell.
In the event that the Group has committed to a sale involving loss of control of a subsidiary, all assets and liabilities of that subsidiary will be classified as held for sale, provided that the above-mentioned conditions are met. This applies regardless of whether or not the Group retains a non-controlling interest in its former subsidiary after the sale.
In the event that the Group has committed to a sale that leads to the disposal of an investment or part of an investment in an associate or joint venture, the investment or part of the investment will be classified as held for sale, provided that the above-mentioned conditions are met.
Methods of consolidation All significant intercompany balances and transactions have been eliminated so that the consolidated financial statements present the accounting information of the Group as if it were one single company.
Capital consolidation is made in accordance with IFRS 3 \u201cBusiness Combinations\u201d and IFRS 10 \u201cConsolidated Financial Statements\u201d. Intercompany accounts receivable and payable as well as expenses and income are eliminated. Unless immaterial, intercompany results in non-current assets and inventories are eliminated. Furthermore, uniform accounting and measurement methods are applied to all consolidated subsidiaries.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-16": { "value": "
The balance sheet date for all consolidated companies is March\u00a031,\u00a02026, with the following exceptions: due to the legal regulations in China, the financial year of AT&S (China) Company Limited and AT&S\u00a0(Chongqing) Company Limited corresponds to the calendar year (balance sheet date: December\u00a031,\u00a02025), meaning that they were consolidated based on the interim financial statements as of March\u00a031,\u00a02026.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-17": { "value": "
The consolidated financial statements were approved by the Management Board on May\u00a020,\u00a02026. The separate financial statements of the Company, which are included in the consolidation after reconciliation to the applicable accounting standards, will be presented for approval to the Supervisory Board on June\u00a03,\u00a02026. The separate financial statements of the Company can be modified by the Supervisory Board and, in case of presentation to the Annual General Meeting, by the Company\u2019s shareholders in a way that might also affect the presentation of the consolidated financial statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-18": { "value": "
Group of consolidated entities The Company controls an entity when the Group is exposed to risks or has rights to variable returns from its involvement with the entity and can affect those returns through its power over the entity. In addition to the Company itself, the consolidated financial statements comprise the following fully consolidated subsidiaries:
\u25fe
AT&S Asia Pacific Limited, Hong Kong, China (hereinafter referred to as AT&S Asia Pacific), share 100%
\u25fe
AT&S (China) Company Limited, China (hereinafter referred to as AT&S China), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S (Chongqing) Company Limited, China (hereinafter referred to as AT&S Chongqing), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S Japan K.K., Japan, (hereinafter referred to as AT&S Japan), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S (Taiwan) Co., Ltd., Taiwan (hereinafter referred to as AT&S Taiwan), 100% subsidiary of AT&S Asia Pacific
\u25fe
AT&S India Private Limited, India (hereinafter referred to as AT&S India), share 100%
\u25fe
AT&S Korea Sales Support Co., Ltd., South Korea (hereinafter referred to as AT&S Korea Sales), share 100%
\u25fe
AT&S Americas LLC, USA (hereinafter referred to as AT&S Americas), share 100%
\u25fe
AT&S Deutschland GmbH, Germany (hereinafter referred to AT&S Deutschland), share 100%
\u25fe
AT & S Skandinavia AB, Sweden (hereinafter referred to as AT&S Sweden), share 100%
\u25fe
AT&S Austria Technologie & Systemtechnik (Malaysia) SDN. BHD. (hereinafter referred to AT&S Malaysia), share 100%
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-19": { "value": "
The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the equity interests issued and the liabilities incurred and/or assumed at the acquisition date. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
For each business combination, the Group measures any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s identifiable net assets and, accordingly, recognizes the full or proportional goodwill. If the consideration transferred is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-20": { "value": "
The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the equity interests issued and the liabilities incurred and/or assumed at the acquisition date. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
For each business combination, the Group measures any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s identifiable net assets and, accordingly, recognizes the full or proportional goodwill. If the consideration transferred is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-21": { "value": "
The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the equity interests issued and the liabilities incurred and/or assumed at the acquisition date. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-22": { "value": "
The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the equity interests issued and the liabilities incurred and/or assumed at the acquisition date. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-23": { "value": "
For each business combination, the Group measures any non-controlling interest in the acquiree either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree\u2019s identifiable net assets and, accordingly, recognizes the full or proportional goodwill. If the consideration transferred is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-24": { "value": "
b.
Segment reporting
The definition of operating segments and the presentation of segment results are based on the management approach and follow internal reports to the Management Board as the chief operating decision-maker, i.e. the body that decides on the allocation of resources to the individual segments. An operating segment is a component of an entity that engages in business activities and whose operating results are reviewed regularly by the entity\u2019s chief operating decision-maker. Business activities involve earning revenues and incurring expenses, and these may also relate to business transactions with other operating segments of the entity. Separate financial information is available for the individual operating segments.
The AT&S Group structures its operating activities into the following segments:
\u25fe
Electronics Solutions
\u25fe
Microelectronics
\u25fe
Others
The two operating segments are now structured based on technology. The Electronics Solutions segment comprises the areas of printed circuit boards and will also increasingly cover the modules and embedding business through the development of high-tech solutions. The Microelectronics segment comprises the production of IC substrates for PCs and servers.
The Others segment includes product design services, research and development services and corporate and holding activities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-25": { "value": "
The Group\u2019s presentation currency is the euro (\u20ac). The functional currency of the foreign subsidiaries is the respective local currency.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-26": { "value": "
Closing rate
Average rate
Mar 31, 2026
Mar 31, 2025
Change in %
Apr 1, 2025 -
Mar 31, 2026
Apr 1, 2024 -
Mar 31, 2025
Change in %
Chinese yuan renminbi
7.9106
7.8419
0.9%
8.1921
7.7406
5.8%
Hong Kong dollar
8.9894
8.4209
6.8%
9.0178
8.3705
7.7%
Malaysian ringgit
4.6367
4.7973
(3.3%)
4.8080
4.8371
(0.6%)
Indian rupee
107.7200
92.4800
16.5%
102.2477
90.6846
12.8%
Japanese yen
182.9200
161.4400
13.3%
174.3885
163.4038
6.7%
South Korean won
1,752.7200
1,593.7500
10.0%
1,648.7077
1,496.2700
10.2%
Swedish Krone
10.9795
10.8564
1.1%
10.9227
11.4183
(4.3%)
Taiwan dollar
36.7439
35.9409
2.2%
35.8351
34.8415
2.9%
US dollar
1.1468
1.0811
6.1%
1.1555
1.0740
7.6%
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-27": { "value": "
d.
Revenue recognition
Revenue comprises the fair value of considerations received in the course of the Group\u2019s ordinary activities. Revenue is recognized net of VAT, discounts and price reductions, and after the elimination of intercompany sales. Revenue is realized as follows:
Revenue from product sales In accordance with IFRS\u00a015, revenue must be recognized when control over agreed goods and services passes to the customer and the customer obtains a benefit from them. Revenue can be recognized at a specific point in time or over time. When products are manufactured specifically tailored to the customer\u2019s needs and there is consequently no alternative use for such products and the entity has an enforceable right to payment for performance completed to date including a margin, control of these products passes to the customer according to IFRS\u00a015.35\u00a0c. Some of the AT&S Group\u2019s customers meet these criteria; therefore revenue is recognized over time in such cases. Progress is measured based on the cost incurred to date in relation to total cost.
In cases where customers do not meet these criteria, revenue is recognized at a point in time when control over delivery has passed to the buyer (depending on the agreed incoterms).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-28": { "value": "
Revenue comprises the fair value of considerations received in the course of the Group\u2019s ordinary activities. Revenue is recognized net of VAT, discounts and price reductions, and after the elimination of intercompany sales. Revenue is realized as follows:
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-29": { "value": "
e.
Income taxes
The income tax burden is based on the profit for the year and includes deferred income taxes.
The Group provides for deferred income taxes using the balance-sheet-oriented method. Under this method, the expected tax effect of differences arising between the carrying amounts in the consolidated financial statements and the taxable carrying amounts are taken into account by recognizing deferred tax assets and tax liabilities. These differences will be reversed in the future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted on the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax assets capitalized at the current balance sheet date.
Deferred income taxes arise from the measurement of specific assets and liabilities, as well as from tax loss carryforwards.
Deferred taxes on not yet realized profits/losses of equity instruments, post-employment obligations and on not yet realized profits/losses from hedging instruments for cash flow hedges that are recognized in equity are also directly recognized in equity.
In accordance with IFRS, deferred income tax assets on loss carryforwards have to be recognized to the extent that it is probable that they will be utilized against future taxable profits.
Deferred taxes are not recognized for temporary differences in connection with holdings in subsidiaries provided that the Group is able to control the timing of the reversal of the temporary differences and it is likely that the temporary differences will not be reversed in the foreseeable future.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-30": { "value": "
e.
Income taxes
The income tax burden is based on the profit for the year and includes deferred income taxes.
The Group provides for deferred income taxes using the balance-sheet-oriented method. Under this method, the expected tax effect of differences arising between the carrying amounts in the consolidated financial statements and the taxable carrying amounts are taken into account by recognizing deferred tax assets and tax liabilities. These differences will be reversed in the future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted on the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax assets capitalized at the current balance sheet date.
Deferred income taxes arise from the measurement of specific assets and liabilities, as well as from tax loss carryforwards.
Deferred taxes on not yet realized profits/losses of equity instruments, post-employment obligations and on not yet realized profits/losses from hedging instruments for cash flow hedges that are recognized in equity are also directly recognized in equity.
In accordance with IFRS, deferred income tax assets on loss carryforwards have to be recognized to the extent that it is probable that they will be utilized against future taxable profits.
Deferred taxes are not recognized for temporary differences in connection with holdings in subsidiaries provided that the Group is able to control the timing of the reversal of the temporary differences and it is likely that the temporary differences will not be reversed in the foreseeable future.
Measurement of deferred income tax and current tax liabilities Deferred income tax assets and liabilities are determined using the tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax capitalized at the balance sheet date.
Deferred taxes on temporary differences and tax loss carryforwards are capitalized where it is probable that future taxable profit will be sufficient to realize deferred tax assets. This assessment requires assumptions and is therefore subject to uncertainties. It is carried out on the basis of corporate planning for a period of five years. Changes in future taxable income can lead to a decrease or increase in deferred tax assets.
Deferred income tax assets in the amount of \u20ac\u00a0105,369\u00a0thousand were not recognized for income tax loss carryforwards of \u20ac\u00a0702,462\u00a0thousand. If the tax losses were subsequently expected to be realized, these deferred income tax assets would have to be recognized and related tax income would have to be reported. Reference is made to Note 6 \u201cIncome taxes\u201d.
Moreover, a different interpretation of tax laws by fiscal authorities could also lead to a change in income tax liabilities.
Other provisions If present obligations resulting from past events exist that lead to an outflow of resources with an economic benefit, these provisions are measured at the amount that is most likely on the basis of reliable estimates. Reference is made to Note\u00a018 \u201cOther provisions\u201d.
Contract liabilities The repayment of contract liabilities requires certain assumptions, in particular regarding the timing of their recognition. Assumptions must be made for accruing interest (significant financing component) regarding the underlying interest rate. Reference is made to Note 16 \u201cContract liabilities\u201c.
Start-up costs From the start of trial operations to the ramp-up of mass production of newly built plants, the start-up costs directly attributable to this plant are capitalized. Start-up costs that are not directly attributable are recognized as material or personnel expenses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-31": { "value": "
f.
Property, plant and equipment
Items of property, plant and equipment are measured at cost. Expenditures directly attributable to an acquisition and the subsequent expenditure are capitalized; repairs and maintenance costs, however, are expensed as incurred.
Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalized as part of the acquisition or production costs of this asset in accordance with IAS 23.
From the time of their availability for use, the assets are depreciated on a straight-line basis over their expected useful lives. Depreciation is charged on a pro rata temporis basis. Land is not subject to depreciation.
Scheduled depreciation is based on the following useful lives applicable throughout the Group:
Plants and buildings
10 \u2013 50 years
Machinery and technical equipment
4 \u2013 15 years
Tools, fixtures, furniture and office equipment
3 \u2013 15 years
Depreciation periods and methods are reviewed annually at the end of the financial year.
Profits or losses resulting from the closure or retirement of non-current assets, which arise from the difference between the net realizable value and the carrying amounts, are recognized in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-32": { "value": "
Items of property, plant and equipment are measured at cost. Expenditures directly attributable to an acquisition and the subsequent expenditure are capitalized; repairs and maintenance costs, however, are expensed as incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-33": { "value": "Expenditures directly attributable to an acquisition and the subsequent expenditure are capitalized; repairs and maintenance costs, however, are expensed as incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-34": { "value": "
Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalized as part of the acquisition or production costs of this asset in accordance with IAS 23.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-35": { "value": "
From the time of their availability for use, the assets are depreciated on a straight-line basis over their expected useful lives. Depreciation is charged on a pro rata temporis basis. Land is not subject to depreciation.
Scheduled depreciation is based on the following useful lives applicable throughout the Group:
Plants and buildings
10 \u2013 50 years
Machinery and technical equipment
4 \u2013 15 years
Tools, fixtures, furniture and office equipment
3 \u2013 15 years
Depreciation periods and methods are reviewed annually at the end of the financial year.
i.
Impairment losses and appreciation of property, plant and equipment, and intangible assets
The Group regularly reviews property, plant and equipment and intangible assets for possible impairment. If evidence for impairment exists, an impairment test is carried out without delay. Intangible assets in the development phase are tested annually for impairment. If the recoverable amount of the respective asset is below its carrying amount, an impairment loss amounting to the difference is recognized. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and its value in use. The value in use corresponds to the estimated future cash flows expected from the continued use of the asset and its disposal at the end of its useful life. The discount rates applied correspond to the weighted cost of capital based on externally available capital market data that are typical in the industry and have been adapted to the specific risks.
If the reason for the impairment recognized in the past no longer exists, with the exception of goodwill, an appreciation up to amortized cost is made.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-36": { "value": "
g.
Leases
A lease is a contract that transfers the right to use an asset (leasing asset) for an agreed period of time against a consideration. Since April\u00a01,\u00a02019, the Group as a lessee, recognizes, for all leases, right-of-use assets in the statement of financial position and liabilities for the payment obligations entered into at present value. Lease payments are discounted at the rate implicit in the lease if that can be readily determined. Otherwise, the incremental borrowing rate is used. Lease liabilities include fixed payments, variable index-linked payments, and the exercise price of a purchase option, if the exercise is considered to be sufficiently certain.
The subsequent measurement is made at amortized cost. Right-of-use assets are depreciated on a straight-line basis over the period of the contract.
For leases in which the underlying asset is of low value (up to \u20ac\u00a05 thousand) and for short-term leases (up to 12\u00a0months or less) the practical expedients are used and payments are recognized on a straight-line basis as an expense in the statement of profit or loss. In addition, the provisions are not applied to leases of intangible assets.
In particular, leases of real estate include extension and termination options. When determining the term of the contract, all facts and circumstances offering an economic incentive to exercise extension options or not to exercise termination options are taken into account. Changes in the term resulting from the exercise or non-exercise of such options are only considered if they are sufficiently certain.
The Group only acts as a lessee. Transactions in which the Group is the lessor do not take place.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-37": { "value": "
h.
Intangible assets
Patents, trademarks, and licenses Expenditure on acquired patents, trademarks, and licenses is capitalized at cost, including incidental acquisition expenses, and amortized on a straight-line basis over the asset\u2019s useful life, generally between two and ten years. Amortization terms and methods are reviewed annually at the end of the financial year.
Research and development costs Research costs are expensed as incurred and charged to cost of sales. Development costs are also expensed as incurred. An intangible asset arising from development is recognized if, and only if, an entity can demonstrate all of the following:
\u25fe
The technical feasibility of completing the intangible asset so that it will be available for use or sale.
\u25fe
Its intention to complete the intangible asset and use or sell it.
\u25fe
Its ability to use or sell the intangible asset.
\u25fe
How the intangible asset will generate probable future economic benefits is verifiable.
\u25fe
The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.
\u25fe
Its ability to reliably measure the expenditure attributable to the intangible asset during its development.
Capitalized development projects include all the directly attributable costs incurred as a result of development processes. Borrowing costs are capitalized if the development project is a qualifying asset in accordance with IAS 23. Development costs are amortized on a straight-line basis over a useful life from six to seven years, which is derived from the expected sales periods.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-38": { "value": "
h.
Intangible assets
Patents, trademarks, and licenses Expenditure on acquired patents, trademarks, and licenses is capitalized at cost, including incidental acquisition expenses, and amortized on a straight-line basis over the asset\u2019s useful life, generally between two and ten years. Amortization terms and methods are reviewed annually at the end of the financial year.
Research and development costs Research costs are expensed as incurred and charged to cost of sales. Development costs are also expensed as incurred. An intangible asset arising from development is recognized if, and only if, an entity can demonstrate all of the following:
\u25fe
The technical feasibility of completing the intangible asset so that it will be available for use or sale.
\u25fe
Its intention to complete the intangible asset and use or sell it.
\u25fe
Its ability to use or sell the intangible asset.
\u25fe
How the intangible asset will generate probable future economic benefits is verifiable.
\u25fe
The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.
\u25fe
Its ability to reliably measure the expenditure attributable to the intangible asset during its development.
Capitalized development projects include all the directly attributable costs incurred as a result of development processes. Borrowing costs are capitalized if the development project is a qualifying asset in accordance with IAS 23. Development costs are amortized on a straight-line basis over a useful life from six to seven years, which is derived from the expected sales periods.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-40": { "value": "Borrowing costs are capitalized if the development project is a qualifying asset in accordance with IAS 23. Development costs are amortized on a straight-line basis over a useful life from six to seven years, which is derived from the expected sales periods.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-39": { "value": "Borrowing costs are capitalized if the development project is a qualifying asset in accordance with IAS 23. Development costs are amortized on a straight-line basis over a useful life from six to seven years, which is derived from the expected sales periods.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-41": { "value": "
i.
Impairment losses and appreciation of property, plant and equipment, and intangible assets
The Group regularly reviews property, plant and equipment and intangible assets for possible impairment. If evidence for impairment exists, an impairment test is carried out without delay. Intangible assets in the development phase are tested annually for impairment. If the recoverable amount of the respective asset is below its carrying amount, an impairment loss amounting to the difference is recognized. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and its value in use. The value in use corresponds to the estimated future cash flows expected from the continued use of the asset and its disposal at the end of its useful life. The discount rates applied correspond to the weighted cost of capital based on externally available capital market data that are typical in the industry and have been adapted to the specific risks.
If the reason for the impairment recognized in the past no longer exists, with the exception of goodwill, an appreciation up to amortized cost is made.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-42": { "value": "
i.
Impairment losses and appreciation of property, plant and equipment, and intangible assets
The Group regularly reviews property, plant and equipment and intangible assets for possible impairment. If evidence for impairment exists, an impairment test is carried out without delay. Intangible assets in the development phase are tested annually for impairment. If the recoverable amount of the respective asset is below its carrying amount, an impairment loss amounting to the difference is recognized. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and its value in use. The value in use corresponds to the estimated future cash flows expected from the continued use of the asset and its disposal at the end of its useful life. The discount rates applied correspond to the weighted cost of capital based on externally available capital market data that are typical in the industry and have been adapted to the specific risks.
If the reason for the impairment recognized in the past no longer exists, with the exception of goodwill, an appreciation up to amortized cost is made.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-43": { "value": "
j.
Inventories
Inventories are stated at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less variable costs necessary to make the sale. Cost is determined by the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises raw materials, direct labor, other direct costs, and related production overheads. Interest on borrowed capital is not recognized.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-44": { "value": "
k.
Trade and other receivables and contract assets
Receivables not including a material financing component are initially measured at the transaction price in accordance with IFRS 15 and subsequently recognized at amortized cost, if necessary less impairment for expected and actual credit losses. The receivables are measured in accordance with the simplified model (lifetime expected credit losses). For this purpose, the required impairment is determined within the scope of a provision matrix by analyzing historical data and estimating future developments. All receivables are due within less than one year and therefore do not include a financing component in the form of interest.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-45": { "value": "
k.
Trade and other receivables and contract assets
Receivables not including a material financing component are initially measured at the transaction price in accordance with IFRS 15 and subsequently recognized at amortized cost, if necessary less impairment for expected and actual credit losses. The receivables are measured in accordance with the simplified model (lifetime expected credit losses). For this purpose, the required impairment is determined within the scope of a provision matrix by analyzing historical data and estimating future developments. All receivables are due within less than one year and therefore do not include a financing component in the form of interest.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-46": { "value": "
l.
Financial assets
Financial assets are recognized and derecognized using settlement date accounting. The fair values recognized in the statement of financial position generally correspond to market prices of financial assets. Except for financial assets at fair value through profit or loss, they are initially recognized including transaction costs.
Financial assets are divided into two categories in accordance with IFRS 9, those which are measured at amortized cost and those measured at fair value. When financial assets are valued at fair value, expenses and income are recognized through profit or loss or other comprehensive income.
At amortized cost This category includes all financial assets held as part of a business model whose objective is the collection of contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
At the time of acquisition, the financial asset is measured at fair value in accordance with IFRS 15 (contract assets and trade receivables). The financial asset is subsequently measured at amortized cost less any impairment. Impairments are recognized through profit or loss.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime. Credit loss is determined based on a provision matrix created based on a rating of the customers and past due receivables.
Financial assets at fair value through other comprehensive income This category includes those financial assets held as part of a business model whose objective is the collection of contractual cash flows and the sale of financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
In the AT&S Group, trade receivables are in part sold to banks as part of factoring agreements. The part of receivables as of March\u00a031 which is sold to banks at nominal value after this date is measured at fair value through other comprehensive income. The measurement at fair value has no significant impact on the consolidated financial statements. Therefore it is assumed that the fair value corresponds to the previous measurement standard of amortized cost.
All equity instruments for which IFRS 9 has to be applied are recognized at fair value; value changes are recognized through profit or loss. If an equity instrument is not held for trading, an entity can make the irrevocable decision at initial recognition to recognize value changes through OCI. Then, only income from dividends is recognized through profit or loss, insofar as they do not represent a capital repayment.
In accordance with IFRS 9, the irrevocable option of measurement through other comprehensive income was used. Value changes will consequently continue to be recognized in other comprehensive income.
Financial assets at fair value through profit or loss This category includes financial assets which were classified neither at amortized cost nor at fair value through other comprehensive income. At the time of their acquisition, they are stated at fair value, excluding transaction costs, and, in subsequent periods, at their respective fair values. Realized and unrealized gains and losses are recognized in profit or loss in \u201cFinance costs - net\u201d. This relates primarily to securities held for trading. Derivative financial instruments also fall into this category, unless hedge accounting is applied (refer to \u201cDerivative financial instruments\u201d).
Derivative financial instruments Where possible, the Group uses derivative financial instruments to hedge against interest fluctuations. These instruments relate to interest rate swaps and forward exchange transactions. They are concluded to protect the Group against rising interest rates or adverse foreign currency effects. They are entered into in order to protect the Group against interest rate fluctuations. The Group does not hold any financial instruments for speculative purposes.
The first-time recognition at the conclusion of the contract and the subsequent measurement of derivative financial instruments are made at their fair value. AT&S continues to apply the provisions of IAS 39 with respect to hedge accounting. \u201cHedge accounting\u201d in accordance with IAS 39 \u201cFinancial Instruments: Recognition and Measurement\u201d, according to which changes in fair values of hedging instruments are recognized in equity, is applied when there is an effective hedging relationship pursuant to IAS\u00a039 for hedging instruments for cash flow hedges. The assessment of whether the derivative financial instruments used in the hedging relationship are highly effective in offsetting the changes in cash flows of the hedged item is documented at the inception of the hedging relationship and on an ongoing basis.
The Group only discontinues recognition as a designated hedging relationship if the hedging relationship (or part of it) no longer meets the qualification criteria (subject to recalibration). In principle, this also includes cases in which the hedging instrument expires, is sold, terminated, or exercised. Termination is carried out prospectively. All gains or losses recognized in other comprehensive income and accumulated in the cash flow hedge reserve at this time remain in equity and are reclassified to the income statement when the expected transaction occurs.
If a derivative does not qualify for hedge accounting, unrealized gains and losses from derivative financial instruments are recognized in the income statement in the financial result.
Interest and dividend income Interest income is recognized on a pro rata temporis basis, taking into account the effective interest rate of the asset. Dividend income from financial assets is recognized in profit or loss when the Group\u2019s right to receive payments is established.
Impairment of financial assets The new impairment expected credit loss (ECL) model according to IFRS 9 has to be applied for financial assets which are measured at amortized cost, for contract assets and debt instruments measured at fair value through OCI.
In accordance with IFRS 9, impairment must be determined using either the twelve-month model, which takes into account expected credit losses within the next twelve months, or the lifetime expected credit loss model which takes into account expected credit losses that result from possible default events within the whole lifetime.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime of the asset. The credit loss is determined based on a provision matrix created based on a rating of the customers and overdue of the receivables.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-47": { "value": "
l.
Financial assets
Financial assets are recognized and derecognized using settlement date accounting. The fair values recognized in the statement of financial position generally correspond to market prices of financial assets. Except for financial assets at fair value through profit or loss, they are initially recognized including transaction costs.
Financial assets are divided into two categories in accordance with IFRS 9, those which are measured at amortized cost and those measured at fair value. When financial assets are valued at fair value, expenses and income are recognized through profit or loss or other comprehensive income.
At amortized cost This category includes all financial assets held as part of a business model whose objective is the collection of contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
At the time of acquisition, the financial asset is measured at fair value in accordance with IFRS 15 (contract assets and trade receivables). The financial asset is subsequently measured at amortized cost less any impairment. Impairments are recognized through profit or loss.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime. Credit loss is determined based on a provision matrix created based on a rating of the customers and past due receivables.
Financial assets at fair value through other comprehensive income This category includes those financial assets held as part of a business model whose objective is the collection of contractual cash flows and the sale of financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
In the AT&S Group, trade receivables are in part sold to banks as part of factoring agreements. The part of receivables as of March\u00a031 which is sold to banks at nominal value after this date is measured at fair value through other comprehensive income. The measurement at fair value has no significant impact on the consolidated financial statements. Therefore it is assumed that the fair value corresponds to the previous measurement standard of amortized cost.
All equity instruments for which IFRS 9 has to be applied are recognized at fair value; value changes are recognized through profit or loss. If an equity instrument is not held for trading, an entity can make the irrevocable decision at initial recognition to recognize value changes through OCI. Then, only income from dividends is recognized through profit or loss, insofar as they do not represent a capital repayment.
In accordance with IFRS 9, the irrevocable option of measurement through other comprehensive income was used. Value changes will consequently continue to be recognized in other comprehensive income.
Financial assets at fair value through profit or loss This category includes financial assets which were classified neither at amortized cost nor at fair value through other comprehensive income. At the time of their acquisition, they are stated at fair value, excluding transaction costs, and, in subsequent periods, at their respective fair values. Realized and unrealized gains and losses are recognized in profit or loss in \u201cFinance costs - net\u201d. This relates primarily to securities held for trading. Derivative financial instruments also fall into this category, unless hedge accounting is applied (refer to \u201cDerivative financial instruments\u201d).
Derivative financial instruments Where possible, the Group uses derivative financial instruments to hedge against interest fluctuations. These instruments relate to interest rate swaps and forward exchange transactions. They are concluded to protect the Group against rising interest rates or adverse foreign currency effects. They are entered into in order to protect the Group against interest rate fluctuations. The Group does not hold any financial instruments for speculative purposes.
The first-time recognition at the conclusion of the contract and the subsequent measurement of derivative financial instruments are made at their fair value. AT&S continues to apply the provisions of IAS 39 with respect to hedge accounting. \u201cHedge accounting\u201d in accordance with IAS 39 \u201cFinancial Instruments: Recognition and Measurement\u201d, according to which changes in fair values of hedging instruments are recognized in equity, is applied when there is an effective hedging relationship pursuant to IAS\u00a039 for hedging instruments for cash flow hedges. The assessment of whether the derivative financial instruments used in the hedging relationship are highly effective in offsetting the changes in cash flows of the hedged item is documented at the inception of the hedging relationship and on an ongoing basis.
The Group only discontinues recognition as a designated hedging relationship if the hedging relationship (or part of it) no longer meets the qualification criteria (subject to recalibration). In principle, this also includes cases in which the hedging instrument expires, is sold, terminated, or exercised. Termination is carried out prospectively. All gains or losses recognized in other comprehensive income and accumulated in the cash flow hedge reserve at this time remain in equity and are reclassified to the income statement when the expected transaction occurs.
If a derivative does not qualify for hedge accounting, unrealized gains and losses from derivative financial instruments are recognized in the income statement in the financial result.
Interest and dividend income Interest income is recognized on a pro rata temporis basis, taking into account the effective interest rate of the asset. Dividend income from financial assets is recognized in profit or loss when the Group\u2019s right to receive payments is established.
Impairment of financial assets The new impairment expected credit loss (ECL) model according to IFRS 9 has to be applied for financial assets which are measured at amortized cost, for contract assets and debt instruments measured at fair value through OCI.
In accordance with IFRS 9, impairment must be determined using either the twelve-month model, which takes into account expected credit losses within the next twelve months, or the lifetime expected credit loss model which takes into account expected credit losses that result from possible default events within the whole lifetime.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime of the asset. The credit loss is determined based on a provision matrix created based on a rating of the customers and overdue of the receivables.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-48": { "value": "
Financial assets are recognized and derecognized using settlement date accounting. The fair values recognized in the statement of financial position generally correspond to market prices of financial assets. Except for financial assets at fair value through profit or loss, they are initially recognized including transaction costs.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-49": { "value": "
Financial assets at fair value through profit or loss This category includes financial assets which were classified neither at amortized cost nor at fair value through other comprehensive income. At the time of their acquisition, they are stated at fair value, excluding transaction costs, and, in subsequent periods, at their respective fair values. Realized and unrealized gains and losses are recognized in profit or loss in \u201cFinance costs - net\u201d. This relates primarily to securities held for trading. Derivative financial instruments also fall into this category, unless hedge accounting is applied (refer to \u201cDerivative financial instruments\u201d).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-50": { "value": "
Derivative financial instruments Where possible, the Group uses derivative financial instruments to hedge against interest fluctuations. These instruments relate to interest rate swaps and forward exchange transactions. They are concluded to protect the Group against rising interest rates or adverse foreign currency effects. They are entered into in order to protect the Group against interest rate fluctuations. The Group does not hold any financial instruments for speculative purposes.
The first-time recognition at the conclusion of the contract and the subsequent measurement of derivative financial instruments are made at their fair value. AT&S continues to apply the provisions of IAS 39 with respect to hedge accounting. \u201cHedge accounting\u201d in accordance with IAS 39 \u201cFinancial Instruments: Recognition and Measurement\u201d, according to which changes in fair values of hedging instruments are recognized in equity, is applied when there is an effective hedging relationship pursuant to IAS\u00a039 for hedging instruments for cash flow hedges. The assessment of whether the derivative financial instruments used in the hedging relationship are highly effective in offsetting the changes in cash flows of the hedged item is documented at the inception of the hedging relationship and on an ongoing basis.
The Group only discontinues recognition as a designated hedging relationship if the hedging relationship (or part of it) no longer meets the qualification criteria (subject to recalibration). In principle, this also includes cases in which the hedging instrument expires, is sold, terminated, or exercised. Termination is carried out prospectively. All gains or losses recognized in other comprehensive income and accumulated in the cash flow hedge reserve at this time remain in equity and are reclassified to the income statement when the expected transaction occurs.
If a derivative does not qualify for hedge accounting, unrealized gains and losses from derivative financial instruments are recognized in the income statement in the financial result.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-51": { "value": "
Derivative financial instruments Where possible, the Group uses derivative financial instruments to hedge against interest fluctuations. These instruments relate to interest rate swaps and forward exchange transactions. They are concluded to protect the Group against rising interest rates or adverse foreign currency effects. They are entered into in order to protect the Group against interest rate fluctuations. The Group does not hold any financial instruments for speculative purposes.
The first-time recognition at the conclusion of the contract and the subsequent measurement of derivative financial instruments are made at their fair value. AT&S continues to apply the provisions of IAS 39 with respect to hedge accounting. \u201cHedge accounting\u201d in accordance with IAS 39 \u201cFinancial Instruments: Recognition and Measurement\u201d, according to which changes in fair values of hedging instruments are recognized in equity, is applied when there is an effective hedging relationship pursuant to IAS\u00a039 for hedging instruments for cash flow hedges. The assessment of whether the derivative financial instruments used in the hedging relationship are highly effective in offsetting the changes in cash flows of the hedged item is documented at the inception of the hedging relationship and on an ongoing basis.
The Group only discontinues recognition as a designated hedging relationship if the hedging relationship (or part of it) no longer meets the qualification criteria (subject to recalibration). In principle, this also includes cases in which the hedging instrument expires, is sold, terminated, or exercised. Termination is carried out prospectively. All gains or losses recognized in other comprehensive income and accumulated in the cash flow hedge reserve at this time remain in equity and are reclassified to the income statement when the expected transaction occurs.
If a derivative does not qualify for hedge accounting, unrealized gains and losses from derivative financial instruments are recognized in the income statement in the financial result.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-52": { "value": "
Derivative financial instruments Where possible, the Group uses derivative financial instruments to hedge against interest fluctuations. These instruments relate to interest rate swaps and forward exchange transactions. They are concluded to protect the Group against rising interest rates or adverse foreign currency effects. They are entered into in order to protect the Group against interest rate fluctuations. The Group does not hold any financial instruments for speculative purposes.
The first-time recognition at the conclusion of the contract and the subsequent measurement of derivative financial instruments are made at their fair value. AT&S continues to apply the provisions of IAS 39 with respect to hedge accounting. \u201cHedge accounting\u201d in accordance with IAS 39 \u201cFinancial Instruments: Recognition and Measurement\u201d, according to which changes in fair values of hedging instruments are recognized in equity, is applied when there is an effective hedging relationship pursuant to IAS\u00a039 for hedging instruments for cash flow hedges. The assessment of whether the derivative financial instruments used in the hedging relationship are highly effective in offsetting the changes in cash flows of the hedged item is documented at the inception of the hedging relationship and on an ongoing basis.
The Group only discontinues recognition as a designated hedging relationship if the hedging relationship (or part of it) no longer meets the qualification criteria (subject to recalibration). In principle, this also includes cases in which the hedging instrument expires, is sold, terminated, or exercised. Termination is carried out prospectively. All gains or losses recognized in other comprehensive income and accumulated in the cash flow hedge reserve at this time remain in equity and are reclassified to the income statement when the expected transaction occurs.
If a derivative does not qualify for hedge accounting, unrealized gains and losses from derivative financial instruments are recognized in the income statement in the financial result.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-53": { "value": "
Interest and dividend income Interest income is recognized on a pro rata temporis basis, taking into account the effective interest rate of the asset. Dividend income from financial assets is recognized in profit or loss when the Group\u2019s right to receive payments is established.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-54": { "value": "
Impairment of financial assets The new impairment expected credit loss (ECL) model according to IFRS 9 has to be applied for financial assets which are measured at amortized cost, for contract assets and debt instruments measured at fair value through OCI.
In accordance with IFRS 9, impairment must be determined using either the twelve-month model, which takes into account expected credit losses within the next twelve months, or the lifetime expected credit loss model which takes into account expected credit losses that result from possible default events within the whole lifetime.
AT&S applies the simplified impairment model for trade receivables and contract assets from contracts with customers, which takes into account expected credit losses during the full lifetime of the asset. The credit loss is determined based on a provision matrix created based on a rating of the customers and overdue of the receivables.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-55": { "value": "
m.
Cash and cash equivalents
Cash and cash equivalents comprise cash, time deposits, deposits held at call with banks, and short-term, highly liquid investments with an original maturity of up to three months (commercial papers and money market funds).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-56": { "value": "
n.
Non-controlling interests
The Company does not have any non-controlling interests. The profit for the year and other comprehensive income are attributed to the owners of the parent company and the holders of the hybrid capital.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-57": { "value": "
n.
Non-controlling interests
The Company does not have any non-controlling interests. The profit for the year and other comprehensive income are attributed to the owners of the parent company and the holders of the hybrid capital.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-58": { "value": "
o.
Provisions
Provisions are recognized if the Group has a legal or de facto obligation to third parties, which is based on past events, where it is probable that this will result in an outflow of resources and the amount can be estimated reliably. The provisions are remeasured at each balance sheet date and their amounts are adjusted accordingly.
Non-current provisions are reported at the discounted amount to be paid at each balance sheet date if the interest effect resulting from the discounting is material.
p.
Provisions for employee benefits
Pension obligations The Group operates various defined contribution and defined benefit pension schemes.
A defined contribution plan is a pension plan under which the Group pays fixed contributions into a special purpose entity (fund). These contributions are charged to staff costs. No provision has to be set up, as there are no additional obligations beyond the fixed amounts.
For individual members of the Management Board and certain executive employees, the Group has defined benefit plans that are valued by qualified and independent actuaries at each balance sheet date. The Group\u2019s obligation is to meet the benefits committed to former members of the Management Board and former executive employees as well as their dependents. The pension obligation calculated according to the projected unit credit method is reduced by the plan assets of the fund in the case of a funded pension scheme. The present value of the future pension benefit is determined based on years of service, expected remuneration, and pension adjustments.
To the extent that the plan assets of the fund do not cover the obligation, the net liability is accrued under pension provisions. If the net assets exceed the pension obligation, the exceeding amount is capitalised under \u201cOverfunded pension benefits\u201d.
Staff costs recognized in the respective financial year are based on expected values and include the service costs. Net interest on net liabilities is recognized in \u201cFinance costs - net\u201d. Remeasurements of the net liability are recognized in other comprehensive income and comprise gains and losses arising from the remeasurement of post-employment obligations.
Provisions for severance payments Pursuant to labor regulations, severance payments have to be paid primarily on termination of employment by the employer or on the retirement of an employee. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
For employees who joined the Austrian company up to and including 2002, the Company has direct obligations that account for the major part of the Group\u2019s severance payment obligations. In accordance with IAS 19, these liabilities are calculated using the projected unit credit method as described above and represent severance payment obligations not covered by plan assets. For employees who joined the Company as of or after January\u00a01,\u00a02003, the severance payment obligation is met by regular contributions to a staff provision fund (\u201cMitarbeitervorsorgekasse\u201d). These contributions are included in staff costs. The Company has no further payment obligations once the contributions have been paid.
For employees of the Company in India, obligations for severance payments are covered by life insurance policies.
Other employee benefits Other employee benefits include provisions for anniversary bonuses and relate to employees in Austria and China. Furthermore, any other employee entitlements are also recognized here, provided they have a long-term nature.
Anniversary bonuses are special one-off payments stipulated in the Collective Agreement which are dependent on remuneration and duration of service. Eligibility is determined by a certain minimum length of employment. The respective liability is calculated in accordance with the projected unit credit method based on the same parameters used for severance payments.
Staff costs recognized in the respective financial year include entitlements acquired and the actuarial results. The interest component is recognized in \u201cFinance costs - net\u201d. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-59": { "value": "
p.
Provisions for employee benefits
Pension obligations The Group operates various defined contribution and defined benefit pension schemes.
A defined contribution plan is a pension plan under which the Group pays fixed contributions into a special purpose entity (fund). These contributions are charged to staff costs. No provision has to be set up, as there are no additional obligations beyond the fixed amounts.
For individual members of the Management Board and certain executive employees, the Group has defined benefit plans that are valued by qualified and independent actuaries at each balance sheet date. The Group\u2019s obligation is to meet the benefits committed to former members of the Management Board and former executive employees as well as their dependents. The pension obligation calculated according to the projected unit credit method is reduced by the plan assets of the fund in the case of a funded pension scheme. The present value of the future pension benefit is determined based on years of service, expected remuneration, and pension adjustments.
To the extent that the plan assets of the fund do not cover the obligation, the net liability is accrued under pension provisions. If the net assets exceed the pension obligation, the exceeding amount is capitalised under \u201cOverfunded pension benefits\u201d.
Staff costs recognized in the respective financial year are based on expected values and include the service costs. Net interest on net liabilities is recognized in \u201cFinance costs - net\u201d. Remeasurements of the net liability are recognized in other comprehensive income and comprise gains and losses arising from the remeasurement of post-employment obligations.
Provisions for severance payments Pursuant to labor regulations, severance payments have to be paid primarily on termination of employment by the employer or on the retirement of an employee. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
For employees who joined the Austrian company up to and including 2002, the Company has direct obligations that account for the major part of the Group\u2019s severance payment obligations. In accordance with IAS 19, these liabilities are calculated using the projected unit credit method as described above and represent severance payment obligations not covered by plan assets. For employees who joined the Company as of or after January\u00a01,\u00a02003, the severance payment obligation is met by regular contributions to a staff provision fund (\u201cMitarbeitervorsorgekasse\u201d). These contributions are included in staff costs. The Company has no further payment obligations once the contributions have been paid.
For employees of the Company in India, obligations for severance payments are covered by life insurance policies.
Other employee benefits Other employee benefits include provisions for anniversary bonuses and relate to employees in Austria and China. Furthermore, any other employee entitlements are also recognized here, provided they have a long-term nature.
Anniversary bonuses are special one-off payments stipulated in the Collective Agreement which are dependent on remuneration and duration of service. Eligibility is determined by a certain minimum length of employment. The respective liability is calculated in accordance with the projected unit credit method based on the same parameters used for severance payments.
Staff costs recognized in the respective financial year include entitlements acquired and the actuarial results. The interest component is recognized in \u201cFinance costs - net\u201d. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
Calculation of the present values of projected employee benefit obligations The present value of non-current employee benefit obligations depends on various factors such as interest rate, retirement age, life expectancy, and future increases in remuneration (refer to I.B.o. \u201cProvisions for employee benefits\u201d).
These actuarial assumptions used to calculate the pension expenses and the expected defined benefit obligations were subjected to stress tests using the following parameters: an increase in the interest rate, in the expected remuneration and/or in future pensions for the Austrian entities by the percentage points stated in the table below would affect the present values of the projected pension and severance payment obligations as follows as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
+0,50 pp
Increase in
remuneration
+0,25 pp
Increase in
pensions
+0,25 pp
Pension obligation
(889)
31
449
Severance payments
(743)
374
\u2013
A decrease in the same parameters for the Austrian companies would have the following effects on the present value of pension and severance payment obligations as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
-0,50 pp
Increase in
remuneration
-0,25 pp
Increase in
pensions
-0,25 pp
Pension obligation
975
(31)
(432)
Severance payments
794
(363)
\u2013
Reference is made to Note 17 \u201cProvisions for employee benefits\u201d.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-60": { "value": "
Provisions for severance payments Pursuant to labor regulations, severance payments have to be paid primarily on termination of employment by the employer or on the retirement of an employee. The liabilities are measured by qualified and independent actuaries at each balance sheet date.
For employees who joined the Austrian company up to and including 2002, the Company has direct obligations that account for the major part of the Group\u2019s severance payment obligations. In accordance with IAS 19, these liabilities are calculated using the projected unit credit method as described above and represent severance payment obligations not covered by plan assets. For employees who joined the Company as of or after January\u00a01,\u00a02003, the severance payment obligation is met by regular contributions to a staff provision fund (\u201cMitarbeitervorsorgekasse\u201d). These contributions are included in staff costs. The Company has no further payment obligations once the contributions have been paid.
For employees of the Company in India, obligations for severance payments are covered by life insurance policies.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-61": { "value": "
q.
Stock appreciation rights, Performance share plan
The Group introduced a long-term incentive program based on stock appreciation rights (SARs). Stock appreciation rights relate to value increases in share prices based on the performance of the share price and are settled in cash.
In the 2025/26 financial year, the Group introduced a new long-term remuneration model based on a performance share plan (PSP). The individuals concerned are allocated virtual shares (share units) based on various parameters. The amount paid out depends on the final number of share units allocated and the share price of AT\u00a0&\u00a0S Austria Technologie & Systemtechnik Aktiengesellschaft on the Vienna Stock Exchange. They are measured at fair value using an option pricing model.
SAR and PSP are accounted for in accordance with IFRS 2 \u201cShare-based Payment\u201d.
The fair value of the employee services rendered as consideration for the granting of SARs and PSP is recognized as an expense. Upon initial recognition and at every balance sheet date until the liabilities are settled, SAR liabilities are measured at fair value through profit or loss, applying the option price model. Reference is made to Note 14 \u201cTrade and other payables\u201d.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-62": { "value": "
r.
Liabilities
Financial liabilities are initially measured at fair value less transaction cost and, in subsequent periods, at amortized cost using the effective interest rate method. Foreign currency liabilities are translated at the average exchange rate prevailing at the balance sheet date.
s.
Contract liabilities
Contract liabilities are initially recognized at fair value less transaction costs and measured at amortized cost in subsequent periods. Contract liabilities in foreign currencies are measured at the average exchange rate at the time of initial recognition as they are not monetary items. If a significant financing component exists, interest is accrued on the liability.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-63": { "value": "
r.
Liabilities
Financial liabilities are initially measured at fair value less transaction cost and, in subsequent periods, at amortized cost using the effective interest rate method. Foreign currency liabilities are translated at the average exchange rate prevailing at the balance sheet date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-64": { "value": "
r.
Liabilities
Financial liabilities are initially measured at fair value less transaction cost and, in subsequent periods, at amortized cost using the effective interest rate method. Foreign currency liabilities are translated at the average exchange rate prevailing at the balance sheet date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-65": { "value": "
t.
Government grants
Government grants are recognized at their fair value where there is a reasonable assurance that the grants will be received and the Group will comply with all attached conditions.
Government grants relating to costs are deferred and recognized in profit or loss over the period necessary to match them with the costs that they are intended to compensate. Government grants relating to investments in property, plant and equipment are included in liabilities as deferred government grants; they are recognized in profit or loss on a straight-line basis over the expected useful life of the related assets. Government grants relating to costs and property, plant and equipment are recognized in profit or loss under other operating result.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-66": { "value": "Government grants relating to costs are deferred and recognized in profit or loss over the period necessary to match them with the costs that they are intended to compensate.Government grants relating to costs and property, plant and equipment are recognized in profit or loss under other operating result.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-67": { "value": "
u.
Contingent liabilities, contingent assets, and other financial obligations
Contingent liabilities are not recognized in the statement of financial position, but are disclosed in Note\u00a021 \u201cContingent liabilities and other financial commitments\u201d. They are not disclosed if an outflow of resources with economic benefit is unlikely.
A contingent asset is not recognized in the consolidated financial statements but disclosed if the inflow of an economic benefit is likely.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-68": { "value": "
v.
First-time adoption of accounting standards
The following new and/or amended standards and interpretations were applied for the first time in the financial year 2025/26 and pertain to the International Financial Reporting Standards (IFRS) as adopted by the EU.
\u25fe
IAS 21: Effects of changes in exchange rates with limited convertibility
No material effects resulted from the amended standards.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFirstTimeAdoptionExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-69": { "value": "
These have not yet been adopted by the European Union. The following standards and interpretations had already been published by the time these consolidated financial statements were prepared and are not yet effective; they have not been adopted early in the preparation of these consolidated financial statements:
Standard/Interpretation
(Content of the regulation)
Effective
date1
EU2
Expected impacts on the
consolidated financial statements
IFRS 14
Regulatory Deferral Accounts
Waiting for final standard
No
No major changes are expected
IFRS 18
Presentation and Disclosure in Financial Statements
01.01.2027
Yes
The changes are currently being analyzed
IFRS 19
Subsidiaries without Public Accountability: Disclosures
01.01.2027
Yes
No major changes are expected
IAS 21
Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflation Presentation Currency
01.01.2027
Yes
No major changes are expected
IFRS 9/ IFRS 7
Contracts Referencing Nature-dependent Electricity
01.01.2026
Yes
No major changes are expected
IFRS 9/ IFRS 7
Amendments to the Classification and Measurement of Financial Instruments
01.01.2026
Yes
No major changes are expected
Annual Improvements
01.01.2026
Yes
No major changes are expected
1 The Group intends to apply the new regulations for the first time in the fiscal year beginning subsequent to the effective date.
2 Status of adoption by the EU.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRegulatoryDeferralAccountsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-70": { "value": "
Standard/Interpretation
(Content of the regulation)
Effective
date1
EU2
Expected impacts on the
consolidated financial statements
IFRS 14
Regulatory Deferral Accounts
Waiting for final standard
No
No major changes are expected
IFRS 18
Presentation and Disclosure in Financial Statements
01.01.2027
Yes
The changes are currently being analyzed
IFRS 19
Subsidiaries without Public Accountability: Disclosures
01.01.2027
Yes
No major changes are expected
IAS 21
Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflation Presentation Currency
01.01.2027
Yes
No major changes are expected
IFRS 9/ IFRS 7
Contracts Referencing Nature-dependent Electricity
01.01.2026
Yes
No major changes are expected
IFRS 9/ IFRS 7
Amendments to the Classification and Measurement of Financial Instruments
01.01.2026
Yes
No major changes are expected
Annual Improvements
01.01.2026
Yes
No major changes are expected
1 The Group intends to apply the new regulations for the first time in the fiscal year beginning subsequent to the effective date.
2 Status of adoption by the EU.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-71": { "value": "
Standard/Interpretation
(Content of the regulation)
Effective
date1
EU2
Expected impacts on the
consolidated financial statements
IFRS 14
Regulatory Deferral Accounts
Waiting for final standard
No
No major changes are expected
IFRS 18
Presentation and Disclosure in Financial Statements
01.01.2027
Yes
The changes are currently being analyzed
IFRS 19
Subsidiaries without Public Accountability: Disclosures
01.01.2027
Yes
No major changes are expected
IAS 21
Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflation Presentation Currency
01.01.2027
Yes
No major changes are expected
IFRS 9/ IFRS 7
Contracts Referencing Nature-dependent Electricity
01.01.2026
Yes
No major changes are expected
IFRS 9/ IFRS 7
Amendments to the Classification and Measurement of Financial Instruments
01.01.2026
Yes
No major changes are expected
Annual Improvements
01.01.2026
Yes
No major changes are expected
1 The Group intends to apply the new regulations for the first time in the fiscal year beginning subsequent to the effective date.
2 Status of adoption by the EU.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-72": { "value": "
C.
Uncertainties in accounting estimates and judgements
The preparation of the consolidated financial statements in accordance with IFRS requires the management to make accounting judgements and assumptions regarding future developments that may have a significant influence on the recognition and the value of assets and liabilities, the recognition of other obligations as of the balance sheet date and the recognition of income and expenses during the financial year.
The following assumptions bear a considerable risk of causing a material adjustment to assets and liabilities in future periods:
Recoverability of assets The assessment of the recoverability of intangible assets and property, plant and equipment is based on forward-looking assumptions. As part of strategic business planning, the current overall economic conditions, the economic environment and the most recent estimates regarding market developments are considered in planning future cash flows. Actual results may differ from these estimates in the future. Management believes that the estimates are reasonable. Reference is made to Note 7 \u201cProperty, plant and equipment\u201d and Note 8 \u201cIntangible assets\u201d.
Investment projects In Kulim, Malaysia, major investments have been undertaken to expand capacity. At the site in Leoben-Hinterberg, investments have been made in a new research and development center for substrate and packaging solutions for the global semiconductor industry. Unexpected technological developments, changes in demand, restrictions through third-party patents, shorter technology cycles or problems in technical implementation may have severe adverse effects on the intrinsic value of such investments. These effects can generally impact all current AT&S business activities. If there are any indications of such adverse effects, impairment tests for these assets are performed as required, which may lead to high impairment requirements due to the high investments made.
Calculation of the present values of projected employee benefit obligations The present value of non-current employee benefit obligations depends on various factors such as interest rate, retirement age, life expectancy, and future increases in remuneration (refer to I.B.o. \u201cProvisions for employee benefits\u201d).
These actuarial assumptions used to calculate the pension expenses and the expected defined benefit obligations were subjected to stress tests using the following parameters: an increase in the interest rate, in the expected remuneration and/or in future pensions for the Austrian entities by the percentage points stated in the table below would affect the present values of the projected pension and severance payment obligations as follows as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
+0,50 pp
Increase in
remuneration
+0,25 pp
Increase in
pensions
+0,25 pp
Pension obligation
(889)
31
449
Severance payments
(743)
374
\u2013
A decrease in the same parameters for the Austrian companies would have the following effects on the present value of pension and severance payment obligations as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
-0,50 pp
Increase in
remuneration
-0,25 pp
Increase in
pensions
-0,25 pp
Pension obligation
975
(31)
(432)
Severance payments
794
(363)
\u2013
Reference is made to Note 17 \u201cProvisions for employee benefits\u201d.
Measurement of deferred income tax and current tax liabilities Deferred income tax assets and liabilities are determined using the tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax capitalized at the balance sheet date.
Deferred taxes on temporary differences and tax loss carryforwards are capitalized where it is probable that future taxable profit will be sufficient to realize deferred tax assets. This assessment requires assumptions and is therefore subject to uncertainties. It is carried out on the basis of corporate planning for a period of five years. Changes in future taxable income can lead to a decrease or increase in deferred tax assets.
Deferred income tax assets in the amount of \u20ac\u00a0105,369\u00a0thousand were not recognized for income tax loss carryforwards of \u20ac\u00a0702,462\u00a0thousand. If the tax losses were subsequently expected to be realized, these deferred income tax assets would have to be recognized and related tax income would have to be reported. Reference is made to Note 6 \u201cIncome taxes\u201d.
Moreover, a different interpretation of tax laws by fiscal authorities could also lead to a change in income tax liabilities.
Other provisions If present obligations resulting from past events exist that lead to an outflow of resources with an economic benefit, these provisions are measured at the amount that is most likely on the basis of reliable estimates. Reference is made to Note\u00a018 \u201cOther provisions\u201d.
Contract liabilities The repayment of contract liabilities requires certain assumptions, in particular regarding the timing of their recognition. Assumptions must be made for accruing interest (significant financing component) regarding the underlying interest rate. Reference is made to Note 16 \u201cContract liabilities\u201c.
Start-up costs From the start of trial operations to the ramp-up of mass production of newly built plants, the start-up costs directly attributable to this plant are capitalized. Start-up costs that are not directly attributable are recognized as material or personnel expenses.
Other In addition, assumptions are made, if necessary, relating to the measurement of derivative financial instruments, allowances for doubtful accounts receivable, and measurements of inventories.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-73": { "value": "
C.
Uncertainties in accounting estimates and judgements
The preparation of the consolidated financial statements in accordance with IFRS requires the management to make accounting judgements and assumptions regarding future developments that may have a significant influence on the recognition and the value of assets and liabilities, the recognition of other obligations as of the balance sheet date and the recognition of income and expenses during the financial year.
The following assumptions bear a considerable risk of causing a material adjustment to assets and liabilities in future periods:
Recoverability of assets The assessment of the recoverability of intangible assets and property, plant and equipment is based on forward-looking assumptions. As part of strategic business planning, the current overall economic conditions, the economic environment and the most recent estimates regarding market developments are considered in planning future cash flows. Actual results may differ from these estimates in the future. Management believes that the estimates are reasonable. Reference is made to Note 7 \u201cProperty, plant and equipment\u201d and Note 8 \u201cIntangible assets\u201d.
Investment projects In Kulim, Malaysia, major investments have been undertaken to expand capacity. At the site in Leoben-Hinterberg, investments have been made in a new research and development center for substrate and packaging solutions for the global semiconductor industry. Unexpected technological developments, changes in demand, restrictions through third-party patents, shorter technology cycles or problems in technical implementation may have severe adverse effects on the intrinsic value of such investments. These effects can generally impact all current AT&S business activities. If there are any indications of such adverse effects, impairment tests for these assets are performed as required, which may lead to high impairment requirements due to the high investments made.
Calculation of the present values of projected employee benefit obligations The present value of non-current employee benefit obligations depends on various factors such as interest rate, retirement age, life expectancy, and future increases in remuneration (refer to I.B.o. \u201cProvisions for employee benefits\u201d).
These actuarial assumptions used to calculate the pension expenses and the expected defined benefit obligations were subjected to stress tests using the following parameters: an increase in the interest rate, in the expected remuneration and/or in future pensions for the Austrian entities by the percentage points stated in the table below would affect the present values of the projected pension and severance payment obligations as follows as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
+0,50 pp
Increase in
remuneration
+0,25 pp
Increase in
pensions
+0,25 pp
Pension obligation
(889)
31
449
Severance payments
(743)
374
\u2013
A decrease in the same parameters for the Austrian companies would have the following effects on the present value of pension and severance payment obligations as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
-0,50 pp
Increase in
remuneration
-0,25 pp
Increase in
pensions
-0,25 pp
Pension obligation
975
(31)
(432)
Severance payments
794
(363)
\u2013
Reference is made to Note 17 \u201cProvisions for employee benefits\u201d.
Measurement of deferred income tax and current tax liabilities Deferred income tax assets and liabilities are determined using the tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax capitalized at the balance sheet date.
Deferred taxes on temporary differences and tax loss carryforwards are capitalized where it is probable that future taxable profit will be sufficient to realize deferred tax assets. This assessment requires assumptions and is therefore subject to uncertainties. It is carried out on the basis of corporate planning for a period of five years. Changes in future taxable income can lead to a decrease or increase in deferred tax assets.
Deferred income tax assets in the amount of \u20ac\u00a0105,369\u00a0thousand were not recognized for income tax loss carryforwards of \u20ac\u00a0702,462\u00a0thousand. If the tax losses were subsequently expected to be realized, these deferred income tax assets would have to be recognized and related tax income would have to be reported. Reference is made to Note 6 \u201cIncome taxes\u201d.
Moreover, a different interpretation of tax laws by fiscal authorities could also lead to a change in income tax liabilities.
Other provisions If present obligations resulting from past events exist that lead to an outflow of resources with an economic benefit, these provisions are measured at the amount that is most likely on the basis of reliable estimates. Reference is made to Note\u00a018 \u201cOther provisions\u201d.
Contract liabilities The repayment of contract liabilities requires certain assumptions, in particular regarding the timing of their recognition. Assumptions must be made for accruing interest (significant financing component) regarding the underlying interest rate. Reference is made to Note 16 \u201cContract liabilities\u201c.
Start-up costs From the start of trial operations to the ramp-up of mass production of newly built plants, the start-up costs directly attributable to this plant are capitalized. Start-up costs that are not directly attributable are recognized as material or personnel expenses.
Other In addition, assumptions are made, if necessary, relating to the measurement of derivative financial instruments, allowances for doubtful accounts receivable, and measurements of inventories.
", "dimensions": { "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-74": { "value": "
C.
Uncertainties in accounting estimates and judgements
The preparation of the consolidated financial statements in accordance with IFRS requires the management to make accounting judgements and assumptions regarding future developments that may have a significant influence on the recognition and the value of assets and liabilities, the recognition of other obligations as of the balance sheet date and the recognition of income and expenses during the financial year.
The following assumptions bear a considerable risk of causing a material adjustment to assets and liabilities in future periods:
Recoverability of assets The assessment of the recoverability of intangible assets and property, plant and equipment is based on forward-looking assumptions. As part of strategic business planning, the current overall economic conditions, the economic environment and the most recent estimates regarding market developments are considered in planning future cash flows. Actual results may differ from these estimates in the future. Management believes that the estimates are reasonable. Reference is made to Note 7 \u201cProperty, plant and equipment\u201d and Note 8 \u201cIntangible assets\u201d.
Investment projects In Kulim, Malaysia, major investments have been undertaken to expand capacity. At the site in Leoben-Hinterberg, investments have been made in a new research and development center for substrate and packaging solutions for the global semiconductor industry. Unexpected technological developments, changes in demand, restrictions through third-party patents, shorter technology cycles or problems in technical implementation may have severe adverse effects on the intrinsic value of such investments. These effects can generally impact all current AT&S business activities. If there are any indications of such adverse effects, impairment tests for these assets are performed as required, which may lead to high impairment requirements due to the high investments made.
Calculation of the present values of projected employee benefit obligations The present value of non-current employee benefit obligations depends on various factors such as interest rate, retirement age, life expectancy, and future increases in remuneration (refer to I.B.o. \u201cProvisions for employee benefits\u201d).
These actuarial assumptions used to calculate the pension expenses and the expected defined benefit obligations were subjected to stress tests using the following parameters: an increase in the interest rate, in the expected remuneration and/or in future pensions for the Austrian entities by the percentage points stated in the table below would affect the present values of the projected pension and severance payment obligations as follows as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
+0,50 pp
Increase in
remuneration
+0,25 pp
Increase in
pensions
+0,25 pp
Pension obligation
(889)
31
449
Severance payments
(743)
374
\u2013
A decrease in the same parameters for the Austrian companies would have the following effects on the present value of pension and severance payment obligations as at March\u00a031,\u00a02026:
\u20ac in thousands
Interest rate
-0,50 pp
Increase in
remuneration
-0,25 pp
Increase in
pensions
-0,25 pp
Pension obligation
975
(31)
(432)
Severance payments
794
(363)
\u2013
Reference is made to Note 17 \u201cProvisions for employee benefits\u201d.
Measurement of deferred income tax and current tax liabilities Deferred income tax assets and liabilities are determined using the tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. A future change in tax rates would also have an impact on the deferred tax capitalized at the balance sheet date.
Deferred taxes on temporary differences and tax loss carryforwards are capitalized where it is probable that future taxable profit will be sufficient to realize deferred tax assets. This assessment requires assumptions and is therefore subject to uncertainties. It is carried out on the basis of corporate planning for a period of five years. Changes in future taxable income can lead to a decrease or increase in deferred tax assets.
Deferred income tax assets in the amount of \u20ac\u00a0105,369\u00a0thousand were not recognized for income tax loss carryforwards of \u20ac\u00a0702,462\u00a0thousand. If the tax losses were subsequently expected to be realized, these deferred income tax assets would have to be recognized and related tax income would have to be reported. Reference is made to Note 6 \u201cIncome taxes\u201d.
Moreover, a different interpretation of tax laws by fiscal authorities could also lead to a change in income tax liabilities.
Other provisions If present obligations resulting from past events exist that lead to an outflow of resources with an economic benefit, these provisions are measured at the amount that is most likely on the basis of reliable estimates. Reference is made to Note\u00a018 \u201cOther provisions\u201d.
Contract liabilities The repayment of contract liabilities requires certain assumptions, in particular regarding the timing of their recognition. Assumptions must be made for accruing interest (significant financing component) regarding the underlying interest rate. Reference is made to Note 16 \u201cContract liabilities\u201c.
Start-up costs From the start of trial operations to the ramp-up of mass production of newly built plants, the start-up costs directly attributable to this plant are capitalized. Start-up costs that are not directly attributable are recognized as material or personnel expenses.
Other In addition, assumptions are made, if necessary, relating to the measurement of derivative financial instruments, allowances for doubtful accounts receivable, and measurements of inventories.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-75": { "value": "
II.
Segment Reporting
The segment information presented below is prepared in accordance with the management approach concept as depicted in the Group\u2019s internal reporting (refer to Section\u00a0I.B.b. \u201cSegment Reporting\u201d).
The reportable segments consist of the business units Electronics Solutions and Microelectronics. In addition to product design services, the Others segment primarily includes the Group's general holding activities. The central operating result performance indicator is the operating result before depreciation and amortization. The respective reconciliation to Group figures also includes the corresponding consolidation.
Transfers and transactions between the segments are executed at arm\u2019s length, as with independent third parties. Segment reporting is prepared in accordance with the principles set out in I.B. \u201cAccounting and measurement policies\u201d.
Electronics Solutions
Microelectronics
Others
Elimination/
Consolidation
Group
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
2025/26
2024/25
2025/26
2024/25
2025/26
2024/25
Segment revenue
896,813
952,228
1,011,693
730,027
\u2013
\u2013
(117,730)
(92,629)
1,790,776
1,589,626
thereof internal revenue
16,779
2,367
100,951
90,262
\u2013
\u2013
(117,730)
(92,629)
\u2013
\u2013
thereof external revenue
880,034
949,861
910,742
639,765
\u2013
\u2013
\u2013
\u2013
1,790,776
1,589,626
Operating result before depreciation/amortisation (EBITDA)
162,701
171,936
276,058
124,250
(20,712)
309,495
\u2013
\u2013
418,047
605,681
Depreciation/amortization
incl. appreciation
(93,943)
(105,444)
(246,546)
(213,211)
(11,917)
(9,622)
\u2013
\u2013
(352,406)
(328,277)
Operating result (EBIT)
68,758
66,493
29,512
(88,962)
(32,629)
299,872
\u2013
\u2013
65,641
277,404
Finance costs - net
(99,968)
(83,477)
Profit/(Loss)
before tax
(34,327)
193,927
Income taxes
8,737
(104,232)
Profit/(Loss) for the period
(25,590)
89,695
Property, plant and equipment and
intangible assets
437,992
490,851
2,645,049
2,774,290
81,800
88,501
\u2013
\u2013
3,164,841
3,353,642
Additions to property, plant and equipment and
intangible assets
51,189
53,840
90,882
281,395
7,763
24,670
\u2013
\u2013
149,834
359,905
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-76": { "value": "
1.
Revenue
Revenue of the AT&S Group is generated by selling printed circuit boards and substrates, which are produced by AT&S.
The following table shows the distribution of revenue recognised at a point in time and over time by segment:
Electronics Solutions
Microelectronics
Group
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
2025/26
2024/25
External revenue
880,034
949,861
910,742
639,765
1,790,776
1,589,626
Type of revenue recognition
Point in time
530,538
547,284
395,660
251,293
926,198
798,577
Over time
349,496
402,577
515,082
388,472
864,578
791,049
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-77": { "value": "
Revenue of the AT&S Group is generated by selling printed circuit boards and substrates, which are produced by AT&S.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-78": { "value": "
2.
Types of expenses
The expense types of cost of sales, distribution costs, general and administrative costs and other operating expenses are as follows:
\u20ac in thousands
2025/26
2024/25
Cost of materials
746,352
675,052
Staff costs
461,684
457,330
Depreciation/amortisation
352,408
317,899
Purchased services
43,169
39,246
Energy and water
88,839
87,140
Maintenance (incl. spare parts)
80,662
81,704
Transportation costs
23,452
19,068
Rental and leasing expenses
27,908
24,319
Change in inventories
(92,814)
(49,337)
Legal and consulting fees
28,009
30,452
IT service, third parties
19,380
15,927
Other
4,174
11,105
Total
1,783,223
1,709,905
In the financial years 2025/26 and 2024/25, the item \u201cOther\u201d mainly relates to insurance expenses, cleaning costs, travel costs and waste disposal with corresponding recycling revenues.
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-79": { "value": "
2.
Types of expenses
The expense types of cost of sales, distribution costs, general and administrative costs and other operating expenses are as follows:
\u20ac in thousands
2025/26
2024/25
Cost of materials
746,352
675,052
Staff costs
461,684
457,330
Depreciation/amortisation
352,408
317,899
Purchased services
43,169
39,246
Energy and water
88,839
87,140
Maintenance (incl. spare parts)
80,662
81,704
Transportation costs
23,452
19,068
Rental and leasing expenses
27,908
24,319
Change in inventories
(92,814)
(49,337)
Legal and consulting fees
28,009
30,452
IT service, third parties
19,380
15,927
Other
4,174
11,105
Total
1,783,223
1,709,905
In the financial years 2025/26 and 2024/25, the item \u201cOther\u201d mainly relates to insurance expenses, cleaning costs, travel costs and waste disposal with corresponding recycling revenues.
3.
Research and development costs
In the financial year 2025/26, the Group incurred research and development costs in the amount of \u20ac\u00a0174,744\u00a0thousand (previous year: \u20ac\u00a0137,114\u00a0thousand). The stated amounts represent only costs that can be directly allocated and which are recognized in profit or loss. As in the previous year, no development costs were capitalized in these consolidated financial statements.Reference is made to Note\u00a08 \u201cIntangible assets\u201d.
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-80": { "value": "
\u20ac in thousands
2025/26
2024/25
Cost of materials
746,352
675,052
Staff costs
461,684
457,330
Depreciation/amortisation
352,408
317,899
Purchased services
43,169
39,246
Energy and water
88,839
87,140
Maintenance (incl. spare parts)
80,662
81,704
Transportation costs
23,452
19,068
Rental and leasing expenses
27,908
24,319
Change in inventories
(92,814)
(49,337)
Legal and consulting fees
28,009
30,452
IT service, third parties
19,380
15,927
Other
4,174
11,105
Total
1,783,223
1,709,905
Administrative and distribution costs were \u20ac\u00a011.3\u00a0million, or 7.7%, higher than in the previous year, whereby the main increase was recorded for stock appreciation rights and the Performance Share Plan (increase: \u20ac 10.2 million). IT costs also rose (increase: \u20ac 4.0 million). Legal and consulting expenses declined by \u20ac 5.9 million to \u20ac 22.0 million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-81": { "value": "
3.
Research and development costs
In the financial year 2025/26, the Group incurred research and development costs in the amount of \u20ac\u00a0174,744\u00a0thousand (previous year: \u20ac\u00a0137,114\u00a0thousand). The stated amounts represent only costs that can be directly allocated and which are recognized in profit or loss. As in the previous year, no development costs were capitalized in these consolidated financial statements.Reference is made to Note\u00a08 \u201cIntangible assets\u201d.
", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-82": { "value": "The stated amounts represent only costs that can be directly allocated and which are recognized in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-83": { "value": "
4.
Other operating result
\u20ac in thousands
2025/26
2024/25
Gain from disposal of affiliated companies
\u2013
324,834
Amortisation of deferred income - government grant
11,272
11,034
Government grants for expenses
42,105
44,994
Income from exchange differences
\u2013
4,824
Gains from the disposal of non-current assets
\u2013
8,848
Miscellaneous other income
4,711
3,149
Other operating income
58,088
397,683
Impairments of property, plant and equipment
\u2013
(10,378)
Expenses from exchange differences
(9,934)
\u2013
Start-up costs
(17,062)
(129,405)
Restructuring costs
(1,877)
(11,640)
Losses from the disposal of non-current assets
(2,382)
\u2013
Other costs
(7,295)
(633)
Other operating costs
(38,550)
(152,056)
Other operating result
19,538
245,627
Gains on the disposal of affiliated companies in the financial year 2024/25 are entirely related to the sale of 100% of the shares in AT&S Korea Co. Ltd, Ansan, South Korea. For further explanations, reference is made to Section I. \u201cGeneral Information\u201d, F. \u201cChanges in the group of consolidated entities\u201d.
In the financial years 2025/26 and 2024/25, government grants for expenses mainly relate to export refunds, research and development grants as well as funding for industry and employment development. As in the previous year, the item \u201cMiscellaneous other income\u201d primarily includes services, grants for employees and services in kind for miscellaneous projects.
As in the financial year 2024/25, start-up costs resulted from the expansion of the plants in Leoben, Austria, and in Kulim, Malaysia, in 2025/26.
In the prior year, AT&S implemented a comprehensive cost optimization and efficiency program resulting in restructuring costs of \u20ac\u00a01,877\u00a0thousand for the financial year 2025/26. These include above all expenses for a social plan, which was agreed and communicated in June 2024. Restructuring costs of \u20ac\u00a011,640\u00a0thousand were incurred in the preceding financial year.
Other expenses in the current financial year primarily include payments in connection with a settlement for an investment project.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-84": { "value": "
4.
Other operating result
\u20ac in thousands
2025/26
2024/25
Gain from disposal of affiliated companies
\u2013
324,834
Amortisation of deferred income - government grant
11,272
11,034
Government grants for expenses
42,105
44,994
Income from exchange differences
\u2013
4,824
Gains from the disposal of non-current assets
\u2013
8,848
Miscellaneous other income
4,711
3,149
Other operating income
58,088
397,683
Impairments of property, plant and equipment
\u2013
(10,378)
Expenses from exchange differences
(9,934)
\u2013
Start-up costs
(17,062)
(129,405)
Restructuring costs
(1,877)
(11,640)
Losses from the disposal of non-current assets
(2,382)
\u2013
Other costs
(7,295)
(633)
Other operating costs
(38,550)
(152,056)
Other operating result
19,538
245,627
Gains on the disposal of affiliated companies in the financial year 2024/25 are entirely related to the sale of 100% of the shares in AT&S Korea Co. Ltd, Ansan, South Korea. For further explanations, reference is made to Section I. \u201cGeneral Information\u201d, F. \u201cChanges in the group of consolidated entities\u201d.
In the financial years 2025/26 and 2024/25, government grants for expenses mainly relate to export refunds, research and development grants as well as funding for industry and employment development. As in the previous year, the item \u201cMiscellaneous other income\u201d primarily includes services, grants for employees and services in kind for miscellaneous projects.
As in the financial year 2024/25, start-up costs resulted from the expansion of the plants in Leoben, Austria, and in Kulim, Malaysia, in 2025/26.
In the prior year, AT&S implemented a comprehensive cost optimization and efficiency program resulting in restructuring costs of \u20ac\u00a01,877\u00a0thousand for the financial year 2025/26. These include above all expenses for a social plan, which was agreed and communicated in June 2024. Restructuring costs of \u20ac\u00a011,640\u00a0thousand were incurred in the preceding financial year.
Other expenses in the current financial year primarily include payments in connection with a settlement for an investment project.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-85": { "value": "
4.
Other operating result
\u20ac in thousands
2025/26
2024/25
Gain from disposal of affiliated companies
\u2013
324,834
Amortisation of deferred income - government grant
11,272
11,034
Government grants for expenses
42,105
44,994
Income from exchange differences
\u2013
4,824
Gains from the disposal of non-current assets
\u2013
8,848
Miscellaneous other income
4,711
3,149
Other operating income
58,088
397,683
Impairments of property, plant and equipment
\u2013
(10,378)
Expenses from exchange differences
(9,934)
\u2013
Start-up costs
(17,062)
(129,405)
Restructuring costs
(1,877)
(11,640)
Losses from the disposal of non-current assets
(2,382)
\u2013
Other costs
(7,295)
(633)
Other operating costs
(38,550)
(152,056)
Other operating result
19,538
245,627
Gains on the disposal of affiliated companies in the financial year 2024/25 are entirely related to the sale of 100% of the shares in AT&S Korea Co. Ltd, Ansan, South Korea. For further explanations, reference is made to Section I. \u201cGeneral Information\u201d, F. \u201cChanges in the group of consolidated entities\u201d.
In the financial years 2025/26 and 2024/25, government grants for expenses mainly relate to export refunds, research and development grants as well as funding for industry and employment development. As in the previous year, the item \u201cMiscellaneous other income\u201d primarily includes services, grants for employees and services in kind for miscellaneous projects.
As in the financial year 2024/25, start-up costs resulted from the expansion of the plants in Leoben, Austria, and in Kulim, Malaysia, in 2025/26.
In the prior year, AT&S implemented a comprehensive cost optimization and efficiency program resulting in restructuring costs of \u20ac\u00a01,877\u00a0thousand for the financial year 2025/26. These include above all expenses for a social plan, which was agreed and communicated in June 2024. Restructuring costs of \u20ac\u00a011,640\u00a0thousand were incurred in the preceding financial year.
Other expenses in the current financial year primarily include payments in connection with a settlement for an investment project.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-86": { "value": "In the financial years 2025/26 and 2024/25, government grants for expenses mainly relate to export refunds, research and development grants as well as funding for industry and employment development
Government grants Government grants mainly relate to grants for land-use rights and property, plant and equipment and are released to profit or loss according to the useful life of the related property, plant and equipment.
Furthermore, the Group received grants for project costs for several research projects which are recognized in income on a pro rata basis according to the costs incurred and the grant ratio. Associated deferred amounts are included in government grants.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-87": { "value": "
5.
Finance costs \u2013 net
\u20ac in thousands
2025/26
2024/25
Other interest income
25,348
26,817
Realised gains from derivative financial instruments, net
\u2013
6,778
Foreign exchange gains, net
\u2013
11,265
Finance income
25,348
44,860
Interest expense on bank borrowings and bonds
(92,318)
(113,184)
Net interest expense on personnel-related liabilities
(1,181)
(1,291)
Realised losses from derivative financial instruments, net
(690)
\u2013
Losses from the measurement of derivative financial instruments at fair value, net
(1,623)
(2,821)
Foreign exchange losses, net
(12,283)
\u2013
Other financial expenses
(17,221)
(11,041)
Finance costs
(125,316)
(128,337)
Finance costs - net
(99,968)
(83,477)
In accordance with IAS 23, the item \u201cInterest expense on bank borrowings and bonds\u201d includes capitalized borrowing costs in the amount of \u20ac\u00a00\u00a0thousand (previous year: \u20ac\u00a06,086\u00a0thousand), net.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-88": { "value": "
5.
Finance costs \u2013 net
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-89": { "value": "
5.
Finance costs \u2013 net
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-90": { "value": "
5.
Finance costs \u2013 net
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-91": { "value": "
5.
Finance costs \u2013 net
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-92": { "value": "
5.
Finance costs \u2013 net
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-93": { "value": "
In accordance with IAS 23, the item \u201cInterest expense on bank borrowings and bonds\u201d includes capitalized borrowing costs in the amount of \u20ac\u00a00\u00a0thousand (previous year: \u20ac\u00a06,086\u00a0thousand), net.
In the financial year 2025/26, borrowing costs on qualifying assets of \u20ac\u00a00\u00a0thousand were capitalized (previous year: \u20ac\u00a06,086\u00a0thousand). Interest rates between 1.00% and 5.10% were applied for the previous year.
\u20ac in thousands
Registered bonds
Export loans
Loans from state
authorities
Other bank
borrowings
Other financial
liabilities due to financial
partners
Liabilities from finance leases IFRS 16
Derivative
financial
instruments
2025/26
Redemption
19
20,000
\u2013
393,003
12,130
33,416
\u2013
Fixed interest
270
\u2013
\u2013
1,380
\u2013
\u2013
\u2013
Variable interest
\u2013
745
\u2013
52,070
\u2013
15,335
\u2013
2026/27
Redemption
\u2013
\u2013
\u2013
421,116
23,283
32,623
3,384
Fixed interest
270
\u2013
\u2013
2,460
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
39,036
\u2013
13,796
\u2013
2027/28
Redemption
15,000
\u2013
\u2013
84,605
23,283
33,529
\u2013
Fixed interest
270
\u2013
\u2013
2,121
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
28,332
\u2013
12,227
\u2013
2028/29
Redemption
\u2013
\u2013
\u2013
239,500
23,283
34,926
1,933
Fixed interest
\u2013
\u2013
\u2013
2,121
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
24,236
\u2013
10,600
\u2013
2029/30
Redemption
\u2013
\u2013
\u2013
298,000
23,283
36,016
\u2013
Fixed interest
\u2013
\u2013
\u2013
857
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
9,323
\u2013
8,910
\u2013
after 2029/30
Redemption
\u2013
\u2013
\u2013
156,500
\u2013
172,612
\u2013
Fixed interest
\u2013
\u2013
\u2013
857
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
5,892
\u2013
14,931
\u2013
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-94": { "value": "
6.
Income taxes
Income tax expenses are broken down as follows:
\u20ac in thousands
2025/26
2024/25
Current income taxes
12,527
75,106
Deferred taxes
(21,264)
29,126
Total tax expense (gain)
(8,737)
104,232
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-95": { "value": "
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred taxes and liabilities relate to taxes levied by the same taxation authority. The amounts after offsetting deferred income tax assets against deferred liabilities are as follows:
Mar 31, 2026
Mar 31, 2025
\u20ac in thousands
Assets
Liabilities
Assets
Liabilities
Non-current assets
2,323
(31,740)
3,325
(33,729)
Provisions for employee benefits
3,254
\u2013
4,387
\u2013
Financial liabilities
16,294
\u2013
16,263
\u2013
Income tax loss carryforwards
127,051
\u2013
113,993
\u2013
Deferred income tax from long-term assets/liabilities
148,922
(31,740)
137,968
(33,729)
Inventories
21,071
\u2013
20,375
\u2013
Trade and other receivables and contract assets
17
(24,310)
18
(18,867)
Trade and other payables
14,460
\u2013
11,280
\u2013
Others
2,734
(5,030)
3,368
(1,342)
Contract liabilities
\u2013
(16)
\u2013
(5,701)
Temporary differences arizing from shares in subsidiaries
\u2013
(1,194)
\u2013
(680)
Deferred income tax from short-term assets/liabilities
38,282
(30,550)
35,041
(26,590)
Deferred income tax assets/liabilities
187,204
(62,290)
173,009
(60,319)
Unrecognized deferred taxes
(111,795)
\u2013
(117,447)
\u2013
Deferred income tax assets/liabilities, offsetting against
the same taxation authority
(58,847)
58,847
(51,029)
51,029
Deferred income tax assets/liabilities, net
16,562
(3,443)
4,533
(9,290)
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-96": { "value": "
Deferred income taxes (net) changed as follows:
\u20ac in thousands
2025/26
2024/25
Carrying amount at the beginning of the financial year
(4,757)
24,664
Change in scope of consolidation
\u2013
(1,382)
Currency translation differences
(460)
(119)
Income/Expense recognized in profit or loss
21,264
(29,126)
Income taxes recognized in equity
(2,928)
1,206
Carrying amount at the end of the financial year
13,119
(4,757)
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-97": { "value": "
7.
Property, plant and equipment
\u20ac in thousands
Land, plants
and buildings
Machinery and
technical equipment
Tools, fixtures,
furniture and
office equipment
Prepayments and
construction
in progress
Total
Carrying amount Mar 31, 2024
620,977
1,378,876
26,873
1,368,195
3,394,921
Exchange differences
2,418
(2,340)
271
49,733
50,082
Change in scope of consolidation
(12,879)
(22,310)
(575)
(77)
(35,841)
Additions
51,049
42,719
9,181
251,736
354,685
Disposals
(1,792)
(8,904)
(497)
(96,005)
(107,198)
Transfers
250,355
610,312
7,287
(868,432)
(478)
Impairment
\u2012
(10,352)
(17)
\u2012
(10,369)
Depreciation, current
(39,867)
(258,827)
(11,493)
\u2012
(310,187)
Carrying amount Mar 31, 2025
870,261
1,729,174
31,030
705,150
3,335,615
Thereof
Acquisition cost
1,048,844
3,545,585
77,149
705,150
5,376,728
Accumulated depreciation
(178,583)
(1,816,411)
(46,119)
\u2012
(2,041,113)
Carrying amount Apr 1, 2025
870,261
1,729,174
31,030
705,150
3,335,615
Exchange differences
8,217
3,826
123
7,183
19,349
Additions
5,478
61,409
6,395
75,368
148,650
Disposals
(1,661)
(2,791)
(346)
(448)
(5,246)
Transfers
15,731
300,894
9,731
(326,794)
(438)
Depreciation, current
(40,467)
(292,618)
(12,078)
\u2012
(345,163)
Carrying amount Mar 31, 2026
857,559
1,799,894
34,855
460,459
3,152,767
Thereof
Acquisition cost
1,073,417
3,875,032
87,621
460,459
5,496,529
Accumulated depreciation
(215,858)
(2,075,138)
(52,766)
\u2012
(2,343,762)
The value of the land included in \u201cLand, plants and buildings\u201d amounts to \u20ac\u00a0140\u00a0thousand (previous year: \u20ac\u00a0163\u00a0thousand).
The item \u201cPrepayments and construction in progress\u201c mainly includes additions related to the investment project in Kulim, Malaysia, equipment for the plants in Chongqing, China, as well as the R&D center and series production facility in Leoben-Hinterberg, which is currently under construction.
The following table shows the right-of-use assets reported separately in accordance with IFRS 16, which are included in property, plant and equipment as of March\u00a031,\u00a02026:
\u20ac in thousands
Land, plants
and buildings
Machinery and
technical equipment
Tools, fixtures,
furniture and
office equipment
Prepayments and
construction
in progress
Total
Acquisition cost
476,278
5,890
8,669
\u2012
490,837
Thereof additions
4,943
5,519
1,194
\u2012
11,656
Accumulated depreciation
(57,253)
(246)
(6,386)
\u2012
(63,885)
Carrying amount Mar 31, 2026
419,025
5,644
2,283
\u2012
426,952
In the financial year 2025/26, the following lease expenses were shown in the income statement of profit or loss:
\u20ac in thousands
2025/26
2024/25
Lease expenses from short-term lease agreements
3,196
2,718
Lease expenses from low-value lease agreements
561
532
Depreciation of rights of use
18,811
18,933
Interest expenses from lease liabilities
13,778
19,025
Depreciation in the current financial year is recognized mainly in cost of sales, as well as in distribution costs and general and administrative costs. In contrast to the prior year, no depreciation was allocated to start-up costs, which are recognized under other operating result, in the 2025/26 financial year.
In the financial year 2025/26, borrowing costs on qualifying assets of \u20ac\u00a00\u00a0thousand were capitalized (previous year: \u20ac\u00a06,086\u00a0thousand). Interest rates between 1.00% and 5.10% were applied for the previous year.
Machinery and technical equipment and buildings in the amount of \u20ac\u00a0363,013\u00a0thousand (previous year: \u20ac\u00a0139,159\u00a0thousand) are pledged.
Impairment/Reversal of impairment Property, plant and equipment is regularly reviewed for indications of impairment. Impairment tests are conducted for cash-generating units. A key criterion for the qualification as a cash-generating unit is their technical and economic independence to generate income. Triggering event analyses are conducted for all cash-generating units, which consider both internal and external factors to determine the existence of a triggering event in accordance with IAS\u00a036. If there are any indications of impairment, an impairment test is conducted immediately.
The impairment tests are based on calculations of the value in use. The value in use is determined using a DCF method. In doing so, the value in use is determined as the present value of future estimated cash flows before tax in the next five to eight years based on the data of medium-term business planning.
The medium-term business plan is drawn up annually. The plausibility of the underlying assumptions is therefore checked annually and these assumptions are updated; based on the result, the estimated cash flows are adapted. The measures defined in strategic business planning are incorporated in the annual, updated medium-term planning. After the detailed planning period, a perpetual annuity is used for calculation based on the assumptions of the past year.
The discount rate is derived from a standard weighted cost of capital after tax adapted to the specific risks using recognized financial mathematics methods from external sources. The value in use is translated at the closing rate of the date when the impairment test is performed. All weighted cost of capital rates were reconciled to a pre-tax WACC for disclosure in accordance with the requirements of IAS\u00a036.
The triggering event analysis showed the need to conduct an impairment test for four cash generating units in the financial year 2025/26, mainly due to market uncertainties and the related variances from planning. Impairment tests were conducted for the following cash-generating units: Hinterberg, Fehring, Nanjangud and Substrate-Hinterberg.
In the financial year 2025/26, no impairment was required at any of the tested cash-generating units.
A sensitivity analysis was carried out with regard to key parameters for calculating the impairment tests (-10.0% EBIT margin; +1.0 percentage point discount rate). Based on these analyses, following effects on the valuation of fixed assets resulted:
\u20ac in thousands
Pre-tax
discount rate
+1,0pp
EBIT margin -10.0%
Fehring
(4,002)
no impairment required
Substrate-Hinterberg
(28,959)
(31,322)
No impairment loss would have to be recognized on the other cash-generating units on the basis of the sen-sitivity analyses.
In addition to impairment tests for cash-generating units, individual assets are also examined for indications of impairment. Due to the situation in the substrate market in the last year, assets in the amount of \u20ac\u00a010.4\u00a0million were impaired pursuant to IAS 36. In the financial year 2025/26 there were no impairments of individual assets.
Sale-and-leaseback transaction As part of a sale-and-leaseback transaction in the financial year 2006/07, properties in Leoben were sold to a leasing company and leased back. The term of this lease (waiver of termination period) was extended by another 10 years during the financial year 2021/22, and a waiver of termination is thus in place until 2032. The intention is to subsequently acquire the properties at the residual value.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-98": { "value": "
\u20ac in thousands
Land, plants
and buildings
Machinery and
technical equipment
Tools, fixtures,
furniture and
office equipment
Prepayments and
construction
in progress
Total
Carrying amount Mar 31, 2024
620,977
1,378,876
26,873
1,368,195
3,394,921
Exchange differences
2,418
(2,340)
271
49,733
50,082
Change in scope of consolidation
(12,879)
(22,310)
(575)
(77)
(35,841)
Additions
51,049
42,719
9,181
251,736
354,685
Disposals
(1,792)
(8,904)
(497)
(96,005)
(107,198)
Transfers
250,355
610,312
7,287
(868,432)
(478)
Impairment
\u2012
(10,352)
(17)
\u2012
(10,369)
Depreciation, current
(39,867)
(258,827)
(11,493)
\u2012
(310,187)
Carrying amount Mar 31, 2025
870,261
1,729,174
31,030
705,150
3,335,615
Thereof
Acquisition cost
1,048,844
3,545,585
77,149
705,150
5,376,728
Accumulated depreciation
(178,583)
(1,816,411)
(46,119)
\u2012
(2,041,113)
Carrying amount Apr 1, 2025
870,261
1,729,174
31,030
705,150
3,335,615
Exchange differences
8,217
3,826
123
7,183
19,349
Additions
5,478
61,409
6,395
75,368
148,650
Disposals
(1,661)
(2,791)
(346)
(448)
(5,246)
Transfers
15,731
300,894
9,731
(326,794)
(438)
Depreciation, current
(40,467)
(292,618)
(12,078)
\u2012
(345,163)
Carrying amount Mar 31, 2026
857,559
1,799,894
34,855
460,459
3,152,767
Thereof
Acquisition cost
1,073,417
3,875,032
87,621
460,459
5,496,529
Accumulated depreciation
(215,858)
(2,075,138)
(52,766)
\u2012
(2,343,762)
\u20ac in thousands
Land, plants
and buildings
Machinery and
technical equipment
Tools, fixtures,
furniture and
office equipment
Prepayments and
construction
in progress
Total
Acquisition cost
476,278
5,890
8,669
\u2012
490,837
Thereof additions
4,943
5,519
1,194
\u2012
11,656
Accumulated depreciation
(57,253)
(246)
(6,386)
\u2012
(63,885)
Carrying amount Mar 31, 2026
419,025
5,644
2,283
\u2012
426,952
\u20ac in thousands
Industrial property and similar rights and assets, and licenses in such rights and assets
Capitalised
development costs
Goodwill
Prepayments
Other
intangible
assets
Total
Carrying amount Mar 31, 2024
7,865
12,230
\u2012
\u2012
\u2012
20,095
Changes in scope of consolidation
(10)
\u2012
\u2012
\u2012
\u2012
(10)
Exchange differences
(5)
(28)
\u2012
\u2012
\u2012
(33)
Additions
4,390
\u2012
\u2012
678
152
5,220
Disposals
(1)
\u2012
\u2012
\u2012
\u2012
(1)
Transfers
1,155
\u2012
\u2012
(678)
\u2012
477
Impairment
(9)
\u2012
\u2012
\u2012
\u2012
(9)
Amortization, current
(3,956)
(3,604)
\u2012
\u2012
(152)
(7,712)
Carrying amount Mar 31, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Thereof
Acquisition cost
55,925
115,461
\u2012
\u2012
\u2012
171,386
Accumulated amortization
(46,496)
(106,863)
\u2012
\u2012
\u2012
(153,359)
Carrying amount Apr 1, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Exchange differences
4
(196)
\u2012
\u2012
\u2012
(192)
Additions
1,180
\u2012
\u2012
\u2012
4
1,184
Disposals
(137)
\u2012
\u2012
\u2012
\u2012
(137)
Transfers
437
\u2012
\u2012
\u2012
\u2012
437
Amortization, current
(3,835)
(3,406)
\u2012
\u2012
(4)
(7,245)
Carrying amount Mar 31, 2026
7,078
4,996
\u2012
\u2012
\u2012
12,074
Thereof
Acquisition cost
53,767
114,507
\u2012
\u2012
\u2012
168,274
Accumulated amortization
(46,689)
(109,511)
\u2012
\u2012
\u2012
(156,200)
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-99": { "value": "
\u20ac in thousands
2025/26
2024/25
Lease expenses from short-term lease agreements
3,196
2,718
Lease expenses from low-value lease agreements
561
532
Depreciation of rights of use
18,811
18,933
Interest expenses from lease liabilities
13,778
19,025
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-100": { "value": "
Impairment/Reversal of impairment Property, plant and equipment is regularly reviewed for indications of impairment. Impairment tests are conducted for cash-generating units. A key criterion for the qualification as a cash-generating unit is their technical and economic independence to generate income. Triggering event analyses are conducted for all cash-generating units, which consider both internal and external factors to determine the existence of a triggering event in accordance with IAS\u00a036. If there are any indications of impairment, an impairment test is conducted immediately.
The impairment tests are based on calculations of the value in use. The value in use is determined using a DCF method. In doing so, the value in use is determined as the present value of future estimated cash flows before tax in the next five to eight years based on the data of medium-term business planning.
The medium-term business plan is drawn up annually. The plausibility of the underlying assumptions is therefore checked annually and these assumptions are updated; based on the result, the estimated cash flows are adapted. The measures defined in strategic business planning are incorporated in the annual, updated medium-term planning. After the detailed planning period, a perpetual annuity is used for calculation based on the assumptions of the past year.
The discount rate is derived from a standard weighted cost of capital after tax adapted to the specific risks using recognized financial mathematics methods from external sources. The value in use is translated at the closing rate of the date when the impairment test is performed. All weighted cost of capital rates were reconciled to a pre-tax WACC for disclosure in accordance with the requirements of IAS\u00a036.
The triggering event analysis showed the need to conduct an impairment test for four cash generating units in the financial year 2025/26, mainly due to market uncertainties and the related variances from planning. Impairment tests were conducted for the following cash-generating units: Hinterberg, Fehring, Nanjangud and Substrate-Hinterberg.
In the financial year 2025/26, no impairment was required at any of the tested cash-generating units.
A sensitivity analysis was carried out with regard to key parameters for calculating the impairment tests (-10.0% EBIT margin; +1.0 percentage point discount rate). Based on these analyses, following effects on the valuation of fixed assets resulted:
\u20ac in thousands
Pre-tax
discount rate
+1,0pp
EBIT margin -10.0%
Fehring
(4,002)
no impairment required
Substrate-Hinterberg
(28,959)
(31,322)
No impairment loss would have to be recognized on the other cash-generating units on the basis of the sen-sitivity analyses.
In addition to impairment tests for cash-generating units, individual assets are also examined for indications of impairment. Due to the situation in the substrate market in the last year, assets in the amount of \u20ac\u00a010.4\u00a0million were impaired pursuant to IAS 36. In the financial year 2025/26 there were no impairments of individual assets.
", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-101": { "value": "
8.
Intangible assets
\u20ac in thousands
Industrial property and similar rights and assets, and licenses in such rights and assets
Capitalised
development costs
Goodwill
Prepayments
Other
intangible
assets
Total
Carrying amount Mar 31, 2024
7,865
12,230
\u2012
\u2012
\u2012
20,095
Changes in scope of consolidation
(10)
\u2012
\u2012
\u2012
\u2012
(10)
Exchange differences
(5)
(28)
\u2012
\u2012
\u2012
(33)
Additions
4,390
\u2012
\u2012
678
152
5,220
Disposals
(1)
\u2012
\u2012
\u2012
\u2012
(1)
Transfers
1,155
\u2012
\u2012
(678)
\u2012
477
Impairment
(9)
\u2012
\u2012
\u2012
\u2012
(9)
Amortization, current
(3,956)
(3,604)
\u2012
\u2012
(152)
(7,712)
Carrying amount Mar 31, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Thereof
Acquisition cost
55,925
115,461
\u2012
\u2012
\u2012
171,386
Accumulated amortization
(46,496)
(106,863)
\u2012
\u2012
\u2012
(153,359)
Carrying amount Apr 1, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Exchange differences
4
(196)
\u2012
\u2012
\u2012
(192)
Additions
1,180
\u2012
\u2012
\u2012
4
1,184
Disposals
(137)
\u2012
\u2012
\u2012
\u2012
(137)
Transfers
437
\u2012
\u2012
\u2012
\u2012
437
Amortization, current
(3,835)
(3,406)
\u2012
\u2012
(4)
(7,245)
Carrying amount Mar 31, 2026
7,078
4,996
\u2012
\u2012
\u2012
12,074
Thereof
Acquisition cost
53,767
114,507
\u2012
\u2012
\u2012
168,274
Accumulated amortization
(46,689)
(109,511)
\u2012
\u2012
\u2012
(156,200)
Amortization for the current financial year is charged to cost of sales, distribution costs, general and administrative costs.
As in the previous year, no development costs were capitalized in the financial year 2025/26.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-102": { "value": "
8.
Intangible assets
\u20ac in thousands
Industrial property and similar rights and assets, and licenses in such rights and assets
Capitalised
development costs
Goodwill
Prepayments
Other
intangible
assets
Total
Carrying amount Mar 31, 2024
7,865
12,230
\u2012
\u2012
\u2012
20,095
Changes in scope of consolidation
(10)
\u2012
\u2012
\u2012
\u2012
(10)
Exchange differences
(5)
(28)
\u2012
\u2012
\u2012
(33)
Additions
4,390
\u2012
\u2012
678
152
5,220
Disposals
(1)
\u2012
\u2012
\u2012
\u2012
(1)
Transfers
1,155
\u2012
\u2012
(678)
\u2012
477
Impairment
(9)
\u2012
\u2012
\u2012
\u2012
(9)
Amortization, current
(3,956)
(3,604)
\u2012
\u2012
(152)
(7,712)
Carrying amount Mar 31, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Thereof
Acquisition cost
55,925
115,461
\u2012
\u2012
\u2012
171,386
Accumulated amortization
(46,496)
(106,863)
\u2012
\u2012
\u2012
(153,359)
Carrying amount Apr 1, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Exchange differences
4
(196)
\u2012
\u2012
\u2012
(192)
Additions
1,180
\u2012
\u2012
\u2012
4
1,184
Disposals
(137)
\u2012
\u2012
\u2012
\u2012
(137)
Transfers
437
\u2012
\u2012
\u2012
\u2012
437
Amortization, current
(3,835)
(3,406)
\u2012
\u2012
(4)
(7,245)
Carrying amount Mar 31, 2026
7,078
4,996
\u2012
\u2012
\u2012
12,074
Thereof
Acquisition cost
53,767
114,507
\u2012
\u2012
\u2012
168,274
Accumulated amortization
(46,689)
(109,511)
\u2012
\u2012
\u2012
(156,200)
Amortization for the current financial year is charged to cost of sales, distribution costs, general and administrative costs.
As in the previous year, no development costs were capitalized in the financial year 2025/26.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-103": { "value": "
\u20ac in thousands
Industrial property and similar rights and assets, and licenses in such rights and assets
Capitalised
development costs
Goodwill
Prepayments
Other
intangible
assets
Total
Carrying amount Mar 31, 2024
7,865
12,230
\u2012
\u2012
\u2012
20,095
Changes in scope of consolidation
(10)
\u2012
\u2012
\u2012
\u2012
(10)
Exchange differences
(5)
(28)
\u2012
\u2012
\u2012
(33)
Additions
4,390
\u2012
\u2012
678
152
5,220
Disposals
(1)
\u2012
\u2012
\u2012
\u2012
(1)
Transfers
1,155
\u2012
\u2012
(678)
\u2012
477
Impairment
(9)
\u2012
\u2012
\u2012
\u2012
(9)
Amortization, current
(3,956)
(3,604)
\u2012
\u2012
(152)
(7,712)
Carrying amount Mar 31, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Thereof
Acquisition cost
55,925
115,461
\u2012
\u2012
\u2012
171,386
Accumulated amortization
(46,496)
(106,863)
\u2012
\u2012
\u2012
(153,359)
Carrying amount Apr 1, 2025
9,429
8,598
\u2012
\u2012
\u2012
18,027
Exchange differences
4
(196)
\u2012
\u2012
\u2012
(192)
Additions
1,180
\u2012
\u2012
\u2012
4
1,184
Disposals
(137)
\u2012
\u2012
\u2012
\u2012
(137)
Transfers
437
\u2012
\u2012
\u2012
\u2012
437
Amortization, current
(3,835)
(3,406)
\u2012
\u2012
(4)
(7,245)
Carrying amount Mar 31, 2026
7,078
4,996
\u2012
\u2012
\u2012
12,074
Thereof
Acquisition cost
53,767
114,507
\u2012
\u2012
\u2012
168,274
Accumulated amortization
(46,689)
(109,511)
\u2012
\u2012
\u2012
(156,200)
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-104": { "value": "
9.
Other non-current assets
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Prepayments
8,990
9,334
Deposits made
8,749
7,062
Other prepaid expenses
222
57
Other non-current receivables
11,613
16,127
Carrying amount
29,574
32,580
Prepayments relate to factory premises in China. Deposits given are related to leased buildings. Other prepaid expenses are mainly related to accrued insurance premiums. Other non-current receivables primarily include research grants for the Austrian locations.
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-105": { "value": "
10.
Inventories
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Raw materials and supplies
117,010
85,063
Work in progress
82,736
40,398
Finished goods
35,132
19,992
Carrying amount
234,878
145,453
The balance of inventory write-downs recognized as an expense amounts to \u20ac\u00a038,918\u00a0thousand as of March\u00a031,\u00a02026 (previous year: \u20ac\u00a039,534\u00a0thousand). The write-downs amounting to \u20ac\u00a02,403\u00a0thousand (previous year: \u20ac\u00a02,219\u00a0thousand) resulted from the measurement of inventories at net realizable value in the financial year 2025/26. The write-downs are recognized in cost of sales in the statement of profit or loss.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-106": { "value": "
11.
Trade and other receivables and contract assets
The carrying amounts of trade and other receivables and contract assets are as follows:
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Trade receivables
121,476
293,506
Impairments of trade receivables
(1,209)
(1,217)
Contract assets
153,489
115,939
Impairments of contract assets
(818)
(322)
VAT receivables
25,216
11,082
Other receivables from authorities
29,851
29,785
Prepayments
18,350
14,500
Energy tax refunds
1,681
734
Deposits
1,420
5,053
Insurance reimbursements
6,127
22
Other receivables
33,171
13,127
Total
388,754
482,209
Other receivables as of March\u00a031,\u00a02026 mainly include receivables from grants not yet paid.
Trade receivables amounting to \u20ac 13,200 thousand (previous year: \u20ac\u00a020,000\u00a0thousand) serve as collateral in connection with various financing agreements. Reference is made to Note 15 \u201cFinancial liabilities\u201d.
Taking impairment into account, the carrying amounts of trade and other receivables and contract assets approximate their fair values.
Remaining maturities of receivables All receivables as at March\u00a031, 2026 and March\u00a031, 2025 have remaining maturities of less than one year.
Factoring As of March\u00a031,\u00a02026, trade receivables totaling \u20ac\u00a0206,461\u00a0thousand (previous year: \u20ac\u00a012,027\u00a0thousand) were assigned to banks to the amount of 100% of the nominal value and are fully derecognized in accordance with the regulations of IFRS 9 as significant risks and opportunities and control have been transferred to the acquiring party. The default risk was assigned to the purchasers. AT&S assumes a liability for default to the amount of the retention level from the credit insurance. The maximum risk associated with liability for default was \u20ac\u00a016,064\u00a0thousand as of March\u00a031,\u00a02026 (previous year: \u20ac\u00a0841\u00a0thousand) less coverage of the credit insurance applied. Claims of existing credit insurance were transferred to the purchaser. The part of the purchasing price not yet paid by the acquiring party is shown under the item \u201cFinancial assets\u201d. Payments from customers of assigned trade receivables are presented in the current financial liabilities.
Contract assets Contract assets have developed as follows:
\u20ac in thousands
2025/26
2024/25
Contract assets at the beginning of the financial year
115,617
118,756
Utilisation
(115,617)
(118,756)
Addition
153,489
115,939
Impairment according to IFRS 9
(818)
(322)
Contract assets at the end of the financial year
152,671
115,617
Development of past due receivables and impairments of trade receivables The age structure of trade receivables and impairment is shown in the table below:
Mar 31, 2026
\u20ac in thousands
Gross
receivables
Impairments
Carrying amount
not due
117,578
(787)
116,791
1 - 15 days overdue
2,411
(141)
2,270
16 - 30 days overdue
508
(17)
492
31 - 60 days overdue
138
(10)
128
61 - 90 days overdue
37
(4)
33
more than 90 days overdue
804
(250)
554
Trade receivables
121,476
(1,209)
120,268
Mar 31, 2025
\u20ac in thousands
Gross
receivables
Impairments
Carrying amount
not due
286,425
(949)
285,476
1 - 15 days overdue
4,999
(117)
4,882
16 - 30 days overdue
1,044
(54)
990
31 - 60 days overdue
200
(25)
175
61 - 90 days overdue
109
(26)
83
more than 90 days overdue
729
(46)
683
Trade receivables
293,506
(1,217)
292,289
There were no indications at the balance sheet date that overdue trade receivables not impaired would not be paid.
Impairments of trade receivables are recognized if there are indications (past due, insolvency) that it is unlikely that the total amount can be collected. Receivables are derecognized if, on a legal basis, it can be assumed that no payment is to be expected anymore. In the financial year 2025/26, trade receivables amounting to \u20ac\u00a024\u00a0thousand (previous year: \u20ac\u00a00\u00a0thousand) were derecognized.
Impairments of trade receivables have developed as follows:
\u20ac in thousands
2025/26
2024/25
Impairments at the beginning of the financial year
1,217
775
Utilisation
(24)
\u2013
Reversal
(148)
(21)
Addition
196
465
Currency translation differences
(32)
(2)
Impairments at the end of the financial year
1,209
1,217
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-107": { "value": "
The carrying amounts of trade and other receivables and contract assets are as follows:
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Trade receivables
121,476
293,506
Impairments of trade receivables
(1,209)
(1,217)
Contract assets
153,489
115,939
Impairments of contract assets
(818)
(322)
VAT receivables
25,216
11,082
Other receivables from authorities
29,851
29,785
Prepayments
18,350
14,500
Energy tax refunds
1,681
734
Deposits
1,420
5,053
Insurance reimbursements
6,127
22
Other receivables
33,171
13,127
Total
388,754
482,209
Other receivables as of March\u00a031,\u00a02026 mainly include receivables from grants not yet paid.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-108": { "value": "
12.
Financial assets
The carrying amounts of the financial assets are as follows:
\u20ac in thousands
Mar 31, 2026
thereof
non-current
thereof current
Financial assets at fair value through profit or loss
998
\u2013
998
Financial assets at fair value through OCI
118
118
\u2013
Financial assets at amortised cost
67,264
6,496
60,768
Derivatives
6,812
6,812
\u2013
Total
75,192
13,426
61,766
\u20ac in thousands
Mar 31, 2025
thereof
non-current
thereof current
Financial assets at fair value through profit or loss
1,000
\u2013
1,000
Financial assets at fair value through OCI
118
118
\u2013
Financial assets at amortised cost
111,497
8,584
102,913
Derivatives
1,999
\u2013
1,999
Total
114,614
8,702
105,912
Financial assets at fair value through profit or loss
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Bonds
998
1,000
Total
998
1,000
All bonds are denominated in euros (nominal currency).
Financial assets at fair value through OCI
\u20ac in thousands
2025/26
2024/25
Carrying amount at the beginning of the year
118
118
Additions/(Disposals)
\u2013
\u2013
Unrealized gains/(losses) from the current period, recognized in equity
\u2013
\u2013
Realized gains/(losses) from the current period, removed from equity
\u2013
\u2013
Exchange differences
\u2013
\u2013
Carrying amount at the end of the year
118
118
All financial assets at fair value through OCI are denominated in euros (nominal currency).
Financial assets at amortized cost Financial assets at amortized cost are denominated in euros, US dollars, Chinese yuan renminbi, and Japanese yen (nominal currencies). They mainly consist of notice deposits with a maturity of more than three months and factored receivables against banks from assignment agreements, tied and pledged bank balances as part of a pledge agreement to secure bank guarantees, as well as a loan granted to a third party. This loan results in an expected credit loss of \u20ac\u00a075 thousand (previous year: \u20ac\u00a0100 thousand).
Derivative financial instruments
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Derivative financial instruments
6,812
1,999
Total
6,812
1,999
Reference is made to Note 19 \u201cDerivative financial instruments\u201d.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-109": { "value": "
12.
Financial assets
The carrying amounts of the financial assets are as follows:
\u20ac in thousands
Mar 31, 2026
thereof
non-current
thereof current
Financial assets at fair value through profit or loss
998
\u2013
998
Financial assets at fair value through OCI
118
118
\u2013
Financial assets at amortised cost
67,264
6,496
60,768
Derivatives
6,812
6,812
\u2013
Total
75,192
13,426
61,766
\u20ac in thousands
Mar 31, 2025
thereof
non-current
thereof current
Financial assets at fair value through profit or loss
1,000
\u2013
1,000
Financial assets at fair value through OCI
118
118
\u2013
Financial assets at amortised cost
111,497
8,584
102,913
Derivatives
1,999
\u2013
1,999
Total
114,614
8,702
105,912
Financial assets at fair value through profit or loss
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Bonds
998
1,000
Total
998
1,000
All bonds are denominated in euros (nominal currency).
Financial assets at fair value through OCI
\u20ac in thousands
2025/26
2024/25
Carrying amount at the beginning of the year
118
118
Additions/(Disposals)
\u2013
\u2013
Unrealized gains/(losses) from the current period, recognized in equity
\u2013
\u2013
Realized gains/(losses) from the current period, removed from equity
\u2013
\u2013
Exchange differences
\u2013
\u2013
Carrying amount at the end of the year
118
118
All financial assets at fair value through OCI are denominated in euros (nominal currency).
Financial assets at amortized cost Financial assets at amortized cost are denominated in euros, US dollars, Chinese yuan renminbi, and Japanese yen (nominal currencies). They mainly consist of notice deposits with a maturity of more than three months and factored receivables against banks from assignment agreements, tied and pledged bank balances as part of a pledge agreement to secure bank guarantees, as well as a loan granted to a third party. This loan results in an expected credit loss of \u20ac\u00a075 thousand (previous year: \u20ac\u00a0100 thousand).
Derivative financial instruments
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Derivative financial instruments
6,812
1,999
Total
6,812
1,999
19.
Derivative financial instruments
Derivative financial instruments of the reporting year relate to interest rate swaps and foreign exchange forward contracts. Payments related to loans are hedged. The forward exchange transactions serve to hedge foreign currency risks.
The carrying amounts of the Group\u2019s derivative financial instruments correspond to their fair values. The fair value corresponds to the amount that would be incurred or earned if the transaction had been settled at the balance sheet date.
The fair values of the derivative financial instruments are as follows at the balance sheet date:
Mar 31, 2026
Mar 31, 2025
\u20ac in thousands
Assets
Liabilities
Assets
Liabilities
Interest rate swaps at fair value
6,812
1,862
1,999
5,317
Foreign exchange forward contract
\u2013
1,026
\u2013
\u2013
Total market values
6,812
2,888
1,999
5,317
Current portion
\u2013
2,242
1,999
\u2013
Non-current portion
6,812
646
\u2013
5,317
As of March\u00a031,\u00a02026, the fixed interest rates for interest rate swaps range between 2.01\u00a0% and 3.46\u00a0%. The variable interest rate is based on the six-month EURIBOR.
Based on the various scenarios, the Group hedges its cash flow interest rate risk using interest rate swaps. Such interest rate swaps have the economic effect of converting loans from floating rates to fixed rates. If the Group takes out loans at floating rates, it uses swaps to convert such loans into fixed-rate loans. Under these interest rate swaps, the Group agrees with other parties to exchange, at specified intervals, the difference between the fixed and variable interest rates calculated by reference to the agreed nominal amounts.
All significant contractual terms and conditions (term, volume, market interest rate, etc.) of a large part of the interest rate swaps matched those of the underlying transaction, and a hedging relationship can thus be assumed, especially since the change in the value of the hedging instrument fully balances out the changes in future cash flows.
The terms of the interest rate swaps employed as hedging instruments are as follows:
\u20ac in thousands, in months, in %
Nominal volume
Maturity
Average hedged interest rate during the period
Interest rate swaps
595,000
4\u201355 months
2.01 %\u20133.46 %
The value of the interest rate swaps employed as hedging instruments developed as follows:
Carrying amount of the
hedging instrument
\u20ac in thousands
Assets
Liabilities
Change in fair value of the hedging instrument on which the calculation of ineffectiveness is based
Change in fair value of the hedging instrument recognized in the cash flow hedge reserve
as per Mar 31, 2026
6,812
1,862
(938)
8,856
as per Mar 31, 2025
1,999
5,317
(3,068)
(5,541)
The foreign exchange forward contracts outstanding at the balance sheet date, with a total notional value of US$\u00a0100\u00a0million (previous year: US$\u00a00\u00a0million), are used to hedge existing cash balances denominated in US dollars. These cash balances, invested beyond the balance sheet date, are thereby hedged against foreign exchange risk.
The value of the foreign exchange forward contracts employed as hedging instruments developed as follows:
Carrying amount of the
hedging instrument
\u20ac in thousands
Assets
Liabilities
Change in fair value of the hedging instrument on which the calculation of ineffectiveness is based
Change in fair value of the hedging instrument recognized in the cash flow hedge reserve
as per Mar 31, 2026
\u2013
1,026
(1,026)
\u2013
as per Mar 31, 2025
\u2013
\u2013
\u2013
\u2013
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-110": { "value": "
Financial assets at fair value through profit or loss
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Bonds
998
1,000
Total
998
1,000
All bonds are denominated in euros (nominal currency).
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-111": { "value": "
13.
Cash and cash equivalents
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Bank balances and cash on hand
738,492
485,079
Carrying amount
738,492
485,079
The reported carrying amounts correspond to the respective fair values.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-112": { "value": "
13.
Cash and cash equivalents
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Bank balances and cash on hand
738,492
485,079
Carrying amount
738,492
485,079
The reported carrying amounts correspond to the respective fair values.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-113": { "value": "
The reported carrying amounts correspond to the respective fair values.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-114": { "value": "
14.
Trade and other payables
Remaining maturity
\u20ac in thousands
Mar 31, 2026
Less than 1 year
Between
1 and 5 years
More than 5 years
Trade payables
315,332
315,332
\u2012
\u2012
Government grants
71,028
11,044
38,921
21,063
Liabilities to fiscal authorities and other state authorities
6,731
6,731
\u2012
\u2012
Liabilities to social security authorities
7,357
7,357
\u2012
\u2012
Liabilities from unconsumed leave
11,513
11,513
\u2012
\u2012
Liabilities from stock appreciation rights
5,484
\u2012
5,484
\u2012
Liabilities from Performance Share Plan
5,413
\u2012
5,413
\u2012
Liabilities to employees
56,916
56,916
\u2012
\u2012
Other liabilities
32,395
32,395
\u2012
\u2012
Carrying amount
512,169
441,288
49,818
21,063
Remaining maturity
\u20ac in thousands
Mar 31, 2025
Less than 1 year
Between
1 and 5 years
More than 5 years
Trade payables
304,468
304,468
\u2012
\u2012
Government grants
77,532
11,165
40,370
25,997
Liabilities to fiscal authorities and other state authorities
10,813
10,813
\u2012
\u2012
Liabilities to social security authorities
6,192
6,192
\u2012
\u2012
Liabilities from unconsumed leave
10,585
10,585
\u2012
\u2012
Liabilities from stock appreciation rights
1,080
65
1,015
\u2012
Liabilities to employees
35,198
35,198
\u2012
\u2012
Other liabilities
27,157
27,157
\u2012
\u2012
Carrying amount
473,025
405,643
41,385
25,997
The carrying amounts of the reported liabilities approximate the respective fair values.
Government grants Government grants mainly relate to grants for land-use rights and property, plant and equipment and are released to profit or loss according to the useful life of the related property, plant and equipment.
Furthermore, the Group received grants for project costs for several research projects which are recognized in income on a pro rata basis according to the costs incurred and the grant ratio. Associated deferred amounts are included in government grants.
Liabilities from stock appreciation rights and the performance share plan The Supervisory Board of AT&S decided to introduce a long-term incentive program based on stock appreciation rights (SARs). SARs relate to the value increase in share prices based on the development of the share price. Due to the expiry of the stock appreciation rights plan (2017 to 2019), the 112th\u00a0Supervisory Board meeting on March\u00a012,\u00a02020 extended the resolution to introduce a long-term incentive program based on stock appreciation rights (SAR plan 2020). The stock appreciation rights were granted on April\u00a01,\u00a02020. Due to the expiry of the stock appreciation rights plan (2020), the 118th\u00a0Supervisory Board meeting on March\u00a018,\u00a02021 extended the resolution to introduce a long-term incentive program based on stock appreciation rights (SAR 2021 to 2023). The stock appreciation rights were granted between April\u00a01,\u00a02021 and April\u00a01,\u00a02023. Due to the expiry of the stock appreciation rights plan (2021 to 2023), the 136th\u00a0Supervisory Board meeting on March\u00a020,\u00a02024 again adopted a long-term incentive program based on stock appreciation rights. The stock appreciation rights can be granted in the period from April\u00a01,\u00a02024 and April\u00a01,\u00a02026.
Each SAR entitles the holder to the right to a cash settlement at the remaining amount between the exercise price and the closing price of the AT&S share on the main stock exchange on which it is listed (currently the Vienna Stock Exchange) at the date the subscription right is exercised. The difference amount is limited to 200% of the exercise price.
The exercise price of SARs is determined at the respective date of grant, corresponding to the average closing price of the AT&S share on the Vienna Stock Exchange or at the main stock exchange on which the AT&S share is listed over a period of six calendar months immediately preceding the date of grant.
SARs may be exercised in full or in part after the respective completion of a three-year period following the date of grant, but not during a restricted period. Granted stock appreciation rights not exercised within five years after the grant date become invalid and forfeited without compensation. The stock appreciation rights of the SAR Plan 2021 to 2023 and the SAR plan 2024 to 2026 can be exercised by a former Management Board member after the waiting period without any time limit.
Unless agreed otherwise, SARs may only be exercised by the beneficiaries if the following requirements are met at the date of exercise:
\u25fe
The beneficiary\u2019s employment contract with a company in the AT&S Group remains valid. Subject to certain conditions, rights may also be exercised within a year after termination of the employment contract.
\u25fe
The required personal investment in the amount of 20% of the first amount granted (in SARs) in AT&S shares is held. From the SAR plan 2021 to 2023, the necessary personal investment in AT&S shares to be held amounts to 20% of the first allocation of SAR multiplied by \u20ac 10.00. If the personal investment is not fully established by the end of the three-year waiting period, all previously granted SARs of the respective program become forfeited in full. The established personal investment must be held over the complete period of participation in the program and also apply to the grant in subsequent years. The personal investment may only be wound down when exercise is no longer possible.
\u25fe
The earnings per share (EPS) performance target was met. The level of attainment of the earnings per share performance indicator determines how many of the granted SARs may be exercised. The target value is the EPS value determined in the mid-term plan for the balance sheet date of the third year after the grant date. If the EPS target is attained at 100% or surpassed, the granted SARs may be exercised in full. If attainment is between 50% and 100%, the granted SARs may be exercised on a pro rata basis. If the EPS value attained is below 50%, the granted SARs become forfeited in full. Of the allocations of April\u00a01, 2021, eligible employees can exercise 50% of the allocated SAR (except allocations to board members) in any case if the Group\u2019s operating result is positive. For these, the payout amount per SAR is limited to 100% of the respective exercise price.
A new long-term remuneration model (long-term incentive program, LTI) based on a performance share plan (PSP) was introduced in the 2025/26 financial year. This LTI is allocated annually as a tranche and comprises a three-year performance period. At the beginning of a tranche, a target amount in euros is set for each beneficiary. This target amount is divided by the average closing price of AT&S shares on the Vienna Stock Exchange over the last six months before the start of the performance period to determine a number of virtual shares (share units). The conditionally granted share units are divided into two components: restricted share units (RSUs) and performance share units (PSUs). 35% of the conditionally allocated share units are RSUs, which depend solely on the performance of the share price. The remaining 65% of the conditionally allocated share units are attributable to PSUs and are also linked to the achievement of financial and (to be determined annually) non-financial performance indicators. For these two additively linked performance indicators, EBIT is taken into account with a weighting of 75%, while ESG performance indicators are taken into account with 25%. While the number of RSUs remains constant over the term, the number of PSUs can increase or decrease depending on the target achievement of the performance indicators. The number of PSUs can also be completely eliminated. The calculation of target achievement is based on the average of the performance indicators for the three financial years within the performance period. A Target, Threshold and Cap are defined for each performance indicator. If the target value is achieved, the target achievement corresponds to 100%. If performance falls below the threshold, the target achievement is 0%. If the target is exceeded, target achievement is limited to 200%. If the actual performance lies between the threshold and the target value or between the target value and the upper limit, the target achievement is interpolated linearly.
The final number of share units is determined after the end of the performance period by multiplying the originally conditionally allocated number of PSUs by the overall target achievement of the performance indicators and adding the number of RSUs. To determine the payout amount of the LTI, the final number of share units is multiplied by the average closing price of AT&S shares on the Vienna Stock Exchange over the last six months before the end of the performance period. The amount paid out under the LTI is limited to 250% of the target amount for members of the Management Board and 200% of the target amount for senior executives. Payment is made in cash in the year following the performance period. In the case of members of the Management Board, their obligation to hold shares in AT&S is taken into account.
In the financial year 2025/26, 119,715 virtual shares were allocated to senior executives under the \"PSP\u00a02024\" by conversion from the \"SAR 2024-2026\" (SAR allocation on April 1, 2024) and 362,510 virtual shares were allocated to members of the Management Board and senior executives under the \"PSP\u00a02025\". The performance share units of the \"PSP\u00a02024\" are linked to the achievement of the financial performance indicator (earnings per share) and no non-financial performance indicator has been defined. The performance share units of the \"PSP 2025\" are linked to the achievement of the financial performance indicator EBIT and the non-financial performance indicator Lost Time Incident Rate (LTIR).
Number and allocation of granted SARs:
Date of grant
April 1, 2026
April 1, 2025
April 1, 2024
April 1, 2023
April 1, 2022
April 1, 2021
April 1, 2020
Exercise price (in \u20ac)
37.72
14.46
23.18
32.30
42.81
22.92
17.56
Mar 31, 2024
\u2013
\u2013
\u2013
379,167
323,000
284,000
30,575
Number of stock
appreciation rights granted
8,333
50,000
366,666
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights forfeited
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights exercised
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights expired
\u2013
\u2013
\u2013
22,500
27,500
230,750
30,575
Mar 31, 2025
8,333
50,000
366,666
356,667
295,500
53,250
\u2013
Number of stock
appreciation rights granted
30,000
60,000
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights forfeited
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights exercised
\u2013
\u2013
\u2013
\u2013
\u2013
42,000
\u2013
Number of stock
appreciation rights expired
\u2013
\u2013
11,666
20,000
295,500
11,250
\u2013
Number of stock
appreciation rights coverted to PSP
\u2013
\u2013
185,000
\u2013
\u2013
\u2013
\u2013
Mar 31, 2026
38,333
110,000
170,000
336,667
\u2013
\u2013
\u2013
Remaining contract period of
stock appreciation rights granted
5 years1
4 years2
3 years2
2 years2
Fair value of granted stock
appreciation rights as at the
balance sheet date (in \u20ac thousands)
Mar 31, 2025
60
357
931
\u2013
37
24
\u2013
Mar 31, 2026
1,052
1,751
2,532
\u2013
\u2013
\u2013
\u2013
1 Of the allocation on April 1, 2026 8,333 share appreciation rights are exercisable without time restriction.
2 Of the allocations on April 1, 2023, April 1, 2024 and April 1, 2025 50,000 share appreciation rights are exercisable without time restriction in each case.
The SARs are measured at fair value as at the respective balance sheet date, which is recognized in the balance sheet over the term of the respective tranche. In addition, the valuation is carried out using the Monte Carlo method on the basis of model assumptions and the valuation parameters listed below. The values determined for the measurement of the liabilities may differ from values subsequently realized on the market.
Risk-free interest rate
2.61 to 3.00%
Volatility
47.00 to 58.00%
Dividend per share1
0.00
1 A dividend yield of 1.6% was assumed for SAR without a time restriction after 2031
Volatility is calculated based on the daily share prices from April\u00a01,\u00a02021 until the balance sheet date.
The performance share plan is measured at fair value on the respective balance sheet date, which is recognized in the balance sheet over the term of the respective tranche. The performance share plan is measured using the Monte Carlo method.
Date of grant
\u20ac in thousands
April 1, 2025
April 1, 2024
Fair Value Mar 31, 2026
11,346
2,153
The expenses for the stock appreciation rights and the performance share plan are included in the administrative expenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-115": { "value": "
Remaining maturity
\u20ac in thousands
Mar 31, 2026
Less than 1 year
Between
1 and 5 years
More than 5 years
Trade payables
315,332
315,332
\u2012
\u2012
Government grants
71,028
11,044
38,921
21,063
Liabilities to fiscal authorities and other state authorities
6,731
6,731
\u2012
\u2012
Liabilities to social security authorities
7,357
7,357
\u2012
\u2012
Liabilities from unconsumed leave
11,513
11,513
\u2012
\u2012
Liabilities from stock appreciation rights
5,484
\u2012
5,484
\u2012
Liabilities from Performance Share Plan
5,413
\u2012
5,413
\u2012
Liabilities to employees
56,916
56,916
\u2012
\u2012
Other liabilities
32,395
32,395
\u2012
\u2012
Carrying amount
512,169
441,288
49,818
21,063
Other liabilities Other liabilities mainly include debtors with credit balances, accrued legal, audit and consulting fees, as well as other accruals.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-116": { "value": "
Liabilities from stock appreciation rights and the performance share plan The Supervisory Board of AT&S decided to introduce a long-term incentive program based on stock appreciation rights (SARs). SARs relate to the value increase in share prices based on the development of the share price. Due to the expiry of the stock appreciation rights plan (2017 to 2019), the 112th\u00a0Supervisory Board meeting on March\u00a012,\u00a02020 extended the resolution to introduce a long-term incentive program based on stock appreciation rights (SAR plan 2020). The stock appreciation rights were granted on April\u00a01,\u00a02020. Due to the expiry of the stock appreciation rights plan (2020), the 118th\u00a0Supervisory Board meeting on March\u00a018,\u00a02021 extended the resolution to introduce a long-term incentive program based on stock appreciation rights (SAR 2021 to 2023). The stock appreciation rights were granted between April\u00a01,\u00a02021 and April\u00a01,\u00a02023. Due to the expiry of the stock appreciation rights plan (2021 to 2023), the 136th\u00a0Supervisory Board meeting on March\u00a020,\u00a02024 again adopted a long-term incentive program based on stock appreciation rights. The stock appreciation rights can be granted in the period from April\u00a01,\u00a02024 and April\u00a01,\u00a02026.
Each SAR entitles the holder to the right to a cash settlement at the remaining amount between the exercise price and the closing price of the AT&S share on the main stock exchange on which it is listed (currently the Vienna Stock Exchange) at the date the subscription right is exercised. The difference amount is limited to 200% of the exercise price.
The exercise price of SARs is determined at the respective date of grant, corresponding to the average closing price of the AT&S share on the Vienna Stock Exchange or at the main stock exchange on which the AT&S share is listed over a period of six calendar months immediately preceding the date of grant.
SARs may be exercised in full or in part after the respective completion of a three-year period following the date of grant, but not during a restricted period. Granted stock appreciation rights not exercised within five years after the grant date become invalid and forfeited without compensation. The stock appreciation rights of the SAR Plan 2021 to 2023 and the SAR plan 2024 to 2026 can be exercised by a former Management Board member after the waiting period without any time limit.
Unless agreed otherwise, SARs may only be exercised by the beneficiaries if the following requirements are met at the date of exercise:
\u25fe
The beneficiary\u2019s employment contract with a company in the AT&S Group remains valid. Subject to certain conditions, rights may also be exercised within a year after termination of the employment contract.
\u25fe
The required personal investment in the amount of 20% of the first amount granted (in SARs) in AT&S shares is held. From the SAR plan 2021 to 2023, the necessary personal investment in AT&S shares to be held amounts to 20% of the first allocation of SAR multiplied by \u20ac 10.00. If the personal investment is not fully established by the end of the three-year waiting period, all previously granted SARs of the respective program become forfeited in full. The established personal investment must be held over the complete period of participation in the program and also apply to the grant in subsequent years. The personal investment may only be wound down when exercise is no longer possible.
\u25fe
The earnings per share (EPS) performance target was met. The level of attainment of the earnings per share performance indicator determines how many of the granted SARs may be exercised. The target value is the EPS value determined in the mid-term plan for the balance sheet date of the third year after the grant date. If the EPS target is attained at 100% or surpassed, the granted SARs may be exercised in full. If attainment is between 50% and 100%, the granted SARs may be exercised on a pro rata basis. If the EPS value attained is below 50%, the granted SARs become forfeited in full. Of the allocations of April\u00a01, 2021, eligible employees can exercise 50% of the allocated SAR (except allocations to board members) in any case if the Group\u2019s operating result is positive. For these, the payout amount per SAR is limited to 100% of the respective exercise price.
A new long-term remuneration model (long-term incentive program, LTI) based on a performance share plan (PSP) was introduced in the 2025/26 financial year. This LTI is allocated annually as a tranche and comprises a three-year performance period. At the beginning of a tranche, a target amount in euros is set for each beneficiary. This target amount is divided by the average closing price of AT&S shares on the Vienna Stock Exchange over the last six months before the start of the performance period to determine a number of virtual shares (share units). The conditionally granted share units are divided into two components: restricted share units (RSUs) and performance share units (PSUs). 35% of the conditionally allocated share units are RSUs, which depend solely on the performance of the share price. The remaining 65% of the conditionally allocated share units are attributable to PSUs and are also linked to the achievement of financial and (to be determined annually) non-financial performance indicators. For these two additively linked performance indicators, EBIT is taken into account with a weighting of 75%, while ESG performance indicators are taken into account with 25%. While the number of RSUs remains constant over the term, the number of PSUs can increase or decrease depending on the target achievement of the performance indicators. The number of PSUs can also be completely eliminated. The calculation of target achievement is based on the average of the performance indicators for the three financial years within the performance period. A Target, Threshold and Cap are defined for each performance indicator. If the target value is achieved, the target achievement corresponds to 100%. If performance falls below the threshold, the target achievement is 0%. If the target is exceeded, target achievement is limited to 200%. If the actual performance lies between the threshold and the target value or between the target value and the upper limit, the target achievement is interpolated linearly.
The final number of share units is determined after the end of the performance period by multiplying the originally conditionally allocated number of PSUs by the overall target achievement of the performance indicators and adding the number of RSUs. To determine the payout amount of the LTI, the final number of share units is multiplied by the average closing price of AT&S shares on the Vienna Stock Exchange over the last six months before the end of the performance period. The amount paid out under the LTI is limited to 250% of the target amount for members of the Management Board and 200% of the target amount for senior executives. Payment is made in cash in the year following the performance period. In the case of members of the Management Board, their obligation to hold shares in AT&S is taken into account.
In the financial year 2025/26, 119,715 virtual shares were allocated to senior executives under the \"PSP\u00a02024\" by conversion from the \"SAR 2024-2026\" (SAR allocation on April 1, 2024) and 362,510 virtual shares were allocated to members of the Management Board and senior executives under the \"PSP\u00a02025\". The performance share units of the \"PSP\u00a02024\" are linked to the achievement of the financial performance indicator (earnings per share) and no non-financial performance indicator has been defined. The performance share units of the \"PSP 2025\" are linked to the achievement of the financial performance indicator EBIT and the non-financial performance indicator Lost Time Incident Rate (LTIR).
Number and allocation of granted SARs:
Date of grant
April 1, 2026
April 1, 2025
April 1, 2024
April 1, 2023
April 1, 2022
April 1, 2021
April 1, 2020
Exercise price (in \u20ac)
37.72
14.46
23.18
32.30
42.81
22.92
17.56
Mar 31, 2024
\u2013
\u2013
\u2013
379,167
323,000
284,000
30,575
Number of stock
appreciation rights granted
8,333
50,000
366,666
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights forfeited
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights exercised
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights expired
\u2013
\u2013
\u2013
22,500
27,500
230,750
30,575
Mar 31, 2025
8,333
50,000
366,666
356,667
295,500
53,250
\u2013
Number of stock
appreciation rights granted
30,000
60,000
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights forfeited
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Number of stock
appreciation rights exercised
\u2013
\u2013
\u2013
\u2013
\u2013
42,000
\u2013
Number of stock
appreciation rights expired
\u2013
\u2013
11,666
20,000
295,500
11,250
\u2013
Number of stock
appreciation rights coverted to PSP
\u2013
\u2013
185,000
\u2013
\u2013
\u2013
\u2013
Mar 31, 2026
38,333
110,000
170,000
336,667
\u2013
\u2013
\u2013
Remaining contract period of
stock appreciation rights granted
5 years1
4 years2
3 years2
2 years2
Fair value of granted stock
appreciation rights as at the
balance sheet date (in \u20ac thousands)
Mar 31, 2025
60
357
931
\u2013
37
24
\u2013
Mar 31, 2026
1,052
1,751
2,532
\u2013
\u2013
\u2013
\u2013
1 Of the allocation on April 1, 2026 8,333 share appreciation rights are exercisable without time restriction.
2 Of the allocations on April 1, 2023, April 1, 2024 and April 1, 2025 50,000 share appreciation rights are exercisable without time restriction in each case.
The SARs are measured at fair value as at the respective balance sheet date, which is recognized in the balance sheet over the term of the respective tranche. In addition, the valuation is carried out using the Monte Carlo method on the basis of model assumptions and the valuation parameters listed below. The values determined for the measurement of the liabilities may differ from values subsequently realized on the market.
Risk-free interest rate
2.61 to 3.00%
Volatility
47.00 to 58.00%
Dividend per share1
0.00
1 A dividend yield of 1.6% was assumed for SAR without a time restriction after 2031
Volatility is calculated based on the daily share prices from April\u00a01,\u00a02021 until the balance sheet date.
The performance share plan is measured at fair value on the respective balance sheet date, which is recognized in the balance sheet over the term of the respective tranche. The performance share plan is measured using the Monte Carlo method.
Date of grant
\u20ac in thousands
April 1, 2025
April 1, 2024
Fair Value Mar 31, 2026
11,346
2,153
The expenses for the stock appreciation rights and the performance share plan are included in the administrative expenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-117": { "value": "
15.
Financial liabilities
Remaining maturity
\u20ac in thousands
Mar 31, 2026
Less than 1 year
Between
1 and 5 years
More than 5 years
Nominal interest rate in %
Registered bonds
15,008
16
14,992
\u2013
1.80
Export loans
20,000
20,000
\u2013
\u2013
2.90
Loans from state authorities
130
\u2013
130
\u2013
1.75
Other bank borrowings
1,688,940
446,341
1,084,815
157,784
1.54 \u2013
5.67
Other financial liabilities
due to financing partners
99,232
11,435
87,797
\u2013
Liabilities from finance leases IFRS 16
319,632
35,784
149,034
134,814
Derivative financial instruments1
2,888
2,242
646
\u2013
Carrying amount
2,145,830
515,818
1,337,414
292,598
Remaining maturity
\u20ac in thousands
Mar 31, 2025
Less than 1 year
Between
1 and 5 years
More than 5 years
Nominal interest rate in %
Registered bonds
15,006
19
14,987
\u2013
1.80
Export loans
20,000
20,000
\u2013
\u2013
3.73
Loans from state authorities
\u2013
\u2013
\u2013
\u2013
Other bank borrowings
1,602,425
404,328
1,030,170
167,927
1.24 \u2013
6.12
Other financial liabilities
due to financing partners
105,262
12,130
93,132
\u2013
Liabilities from finance leases IFRS 16
343,121
33,415
137,094
172,612
Derivative financial instruments1
5,317
\u2013
5,317
\u2013
Carrying amount
2,091,131
469,892
1,280,700
340,539
1 Reference is made to Note 19 \u201cDerivative financial instruments\u201d
Other bank borrowings mainly include long-term investment financing in addition to the current liquidity needs.
Other bank borrowings mainly include the following contracts:
\u25fe
OeKB equity financing program in FY 2018/19
\u25fe
Promissory note loan in FY 2018/19
\u25fe
OeKB equity financing program in FY 2019/20
\u25fe
Promissory note loan and registered bond in FY 2020/21
\u25fe
Promissory note loan in FY 2021/22
\u25fe
Term loans in FY 2021/22
\u25fe
OeKB financing in FY 2022/23
\u25fe
EIB (European Investment Bank) in FY 2022/23
\u25fe
Term loan in FY 2023/24
\u25fe
Working Capital loan in Chongqing, China, in FY 2024/25
In the financial year 2025/26, the following financial contracts were concluded or drawn:
\u25fe
Drawing of the \u20ac\u00a0220.3\u00a0million term loan with IFC from financial year 2024/25 in Kulim, Malaysia
\u25fe
Drawing of a term loan of \u20ac\u00a0130.8\u00a0million (US$\u00a0150\u00a0million) in Kulim, Malaysia
\u25fe
Conclusion and drawing of a promissory note loan of \u20ac\u00a070\u00a0million in Leoben, Austria
\u25fe
Conclusion of an unsecured credit line (overdraft facility) of \u20ac\u00a050\u00a0million in Leoben, Austria
\u25fe
Working Capital Loans of \u20ac\u00a0139.1\u00a0million in Chongqing and Shanghai, China, \u20ac\u00a037.9 million already drawn
Other liabilities to financing partners are related to financing from investment projects in Chongqing, China.
The contractually agreed (undiscounted) interest and redemption payments of the financial liabilities as of March\u00a031,\u00a02026, including interest rate hedging, are as follows in the coming financial years:
\u20ac in thousands
Registered bonds
Export loans
Loans from state
authorities
Other bank
borrowings
Other financial
liabilities due to financial
partners
Liabilities from finance lease IFRS 16
Derivative
financial
instruments
2026/27
Redemption
16
20,000
\u2013
446,598
11,435
35,784
2,242
Fixed interest
270
\u2013
2
2,216
\u2013
\u2013
\u2013
Variable interest
\u2013
580
\u2013
59,116
\u2013
12,264
\u2013
2027/28
Redemption
15,000
\u2013
\u2013
153,721
21,949
35,622
\u2013
Fixed interest
270
\u2013
\u2013
1,922
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
49,819
\u2013
10,794
\u2013
2028/29
Redemption
\u2013
\u2013
\u2013
335,520
21,949
36,743
646
Fixed interest
\u2013
\u2013
\u2013
1,922
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
41,792
\u2013
9,289
\u2013
2029/30
Redemption
\u2013
\u2013
\u2013
363,777
21,949
37,869
\u2013
Fixed interest
\u2013
\u2013
\u2013
752
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
22,403
\u2013
7,737
\u2013
2030/31
Redemption
\u2013
\u2013
130
232,378
21,949
38,800
\u2013
Fixed interest
\u2013
\u2013
\u2013
752
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
13,664
\u2013
6,150
\u2013
after 2030/31
Redemption
\u2013
\u2013
\u2013
161,179
\u2013
134,814
\u2013
Fixed interest
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
5,026
\u2013
6,626
\u2013
No significant deviations from the agreed interest and redemption payments are expected regarding terms or amounts.
At the previous year\u2019s balance sheet date of March\u00a031,\u00a02025, the contractually agreed (undiscounted) interest and redemption payments of the financial liabilities, including interest rate hedging, were as follows for the coming financial years:
\u20ac in thousands
Registered bonds
Export loans
Loans from state
authorities
Other bank
borrowings
Other financial
liabilities due to financial
partners
Liabilities from finance leases IFRS 16
Derivative
financial
instruments
2025/26
Redemption
19
20,000
\u2013
393,003
12,130
33,416
\u2013
Fixed interest
270
\u2013
\u2013
1,380
\u2013
\u2013
\u2013
Variable interest
\u2013
745
\u2013
52,070
\u2013
15,335
\u2013
2026/27
Redemption
\u2013
\u2013
\u2013
421,116
23,283
32,623
3,384
Fixed interest
270
\u2013
\u2013
2,460
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
39,036
\u2013
13,796
\u2013
2027/28
Redemption
15,000
\u2013
\u2013
84,605
23,283
33,529
\u2013
Fixed interest
270
\u2013
\u2013
2,121
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
28,332
\u2013
12,227
\u2013
2028/29
Redemption
\u2013
\u2013
\u2013
239,500
23,283
34,926
1,933
Fixed interest
\u2013
\u2013
\u2013
2,121
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
24,236
\u2013
10,600
\u2013
2029/30
Redemption
\u2013
\u2013
\u2013
298,000
23,283
36,016
\u2013
Fixed interest
\u2013
\u2013
\u2013
857
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
9,323
\u2013
8,910
\u2013
after 2029/30
Redemption
\u2013
\u2013
\u2013
156,500
\u2013
172,612
\u2013
Fixed interest
\u2013
\u2013
\u2013
857
\u2013
\u2013
\u2013
Variable interest
\u2013
\u2013
\u2013
5,892
\u2013
14,931
\u2013
Some of the financial liabilities have interest rates that deviate from the market interest rates. For this reason, differences may arise between their fair values and carrying amounts.
Carrying amounts
Fair values
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Registered bonds
15,008
15,006
15,000
15,000
Export loans
20,000
20,000
20,000
20,000
Loans from state authorities
130
\u2013
130
\u2013
Other bank borrowings
1,688,940
1,602,425
1,701,325
1,606,481
Other financial liabilities due to financial partners
99,232
105,262
99,232
105,262
Liabilities from finance leases IFRS 16
319,632
343,121
319,632
343,121
Derivative financial instruments
2,888
5,317
2,888
5,317
Total
2,145,830
2,091,131
2,158,207
2,095,181
The calculation of the fair values is based on the discounted value of future payments using current market interest rates, or the fair values are determined based on quoted prices.
The carrying amounts of financial liabilities by currency are as follows:
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Euros
1,836,161
1,947,584
US dollars
237,561
105,262
Others
72,108
38,285
Total
2,145,830
2,091,131
The Group\u2019s unused credit lines are as follows:
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Export credit
12,000
12,000
Other credit
111,626
244,253
Credit lines - unsecured
50,000
\u2013
Total
173,626
256,253
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-118": { "value": "
Other bank borrowings mainly include the following contracts:
\u25fe
OeKB equity financing program in FY 2018/19
\u25fe
Promissory note loan in FY 2018/19
\u25fe
OeKB equity financing program in FY 2019/20
\u25fe
Promissory note loan and registered bond in FY 2020/21
\u25fe
Promissory note loan in FY 2021/22
\u25fe
Term loans in FY 2021/22
\u25fe
OeKB financing in FY 2022/23
\u25fe
EIB (European Investment Bank) in FY 2022/23
\u25fe
Term loan in FY 2023/24
\u25fe
Working Capital loan in Chongqing, China, in FY 2024/25
In the financial year 2025/26, the following financial contracts were concluded or drawn:
\u25fe
Drawing of the \u20ac\u00a0220.3\u00a0million term loan with IFC from financial year 2024/25 in Kulim, Malaysia
\u25fe
Drawing of a term loan of \u20ac\u00a0130.8\u00a0million (US$\u00a0150\u00a0million) in Kulim, Malaysia
\u25fe
Conclusion and drawing of a promissory note loan of \u20ac\u00a070\u00a0million in Leoben, Austria
\u25fe
Conclusion of an unsecured credit line (overdraft facility) of \u20ac\u00a050\u00a0million in Leoben, Austria
\u25fe
Working Capital Loans of \u20ac\u00a0139.1\u00a0million in Chongqing and Shanghai, China, \u20ac\u00a037.9 million already drawn
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-119": { "value": "
16.
Contract liabilities
Current and non-current contract liabilities totaling \u20ac\u00a0885,892\u00a0thousand (previous year: \u20ac\u00a0911,096\u00a0thousand) include payments from bilateral agreements for the financing of new production facilities. Due to a significant financing component, interest totaling \u20ac\u00a036,853\u00a0thousand is recognized as a liability in the financial year 2025/26 (previous year: \u20ac\u00a027,463\u00a0thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-120": { "value": "
17.
Provisions for employee benefits
Provisions for employee benefits relate to pension commitments, severance payments, and other employee benefits.
Defined contribution plans The majority of the Group\u2019s employees in Austria and some of its employees in India are covered by defined contribution pension plans that have been outsourced to a pension fund. For employees in Austria, the pension plans are supplemented by death and endowment insurance policies. Employer contributions are determined based on a certain percentage of current remuneration. Employer contributions under these plans amounted to \u20ac\u00a01,061\u00a0thousand in the financial year 2025/26 and \u20ac\u00a01,003\u00a0thousand in the financial year 2024/25.
Defined benefit plans The Group operates defined benefit plans for several former members of the Management Board and former executive employees with no employee contribution required. The board members and other executive employees\u2019 plans are partially funded through assets in pension funds and partially unfunded. Pension benefits of members of the Management Board and executive employees are based on their salaries and years of service. Essentially, these obligations expose the Group to life expectancy and inflation risks due to future increases in pay and pensions, and, in the case of funded pension plans, to deviations in income.
Funded severance payments The employees in India are entitled to severance payments upon retirement or, under certain circumstances, upon leaving the Company prematurely, the amount of which depends on years of service and the remuneration received by the respective member of staff. Severance payments range between half the monthly remuneration per year of service and a fixed maximum. Severance payment obligations are covered by a life insurance policy. The main risk to which the Group is exposed from these obligations is the risk of inflation due to future pay increases.
Unfunded severance payments Employees in Austria are entitled to receive severance payments, which are based upon years of service and remuneration received by the respective member of staff and are generally payable upon retirement and, under certain circumstances, upon leaving the Company. For staff members who joined the Company before January 1, 2003, the severance payments in Austria range from two to twelve twelfths of the annual salary. The main risk to which the Group is exposed from these obligations is the risk of inflation due to future pay increases.
For employees in Austria who joined on or after January 1, 2003, regular contributions are paid to a staff provision fund (\u201cMitarbeitervorsorgekasse\u201d) without any further obligations on the part of the Group. The contributions amounted to \u20ac\u00a01,504\u00a0thousand in the financial year 2025/26 and \u20ac\u00a01,454\u00a0thousand in the financial year 2024/25.
Other employee benefits The employees of the companies in Austria and China are entitled to anniversary bonuses for long-term service, the eligibility to and amount of which in Austria are stipulated in the Collective Agreement.
Expenses for (defined benefit) pension obligations, severance payments, and other employee benefits consist of the following:
Retirement benefits
Severance payments
Other
employee benefits
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
2025/26
2024/25
Current service cost
\u2013
\u2013
809
946
2,063
3,173
Interest expense
398
368
669
918
237
318
Past service cost
\u2013
\u2013
750
\u2013
\u2013
\u2013
Remeasurement of obligations from other employee benefits
\u2013
\u2013
\u2013
\u2013
(772)
(998)
Expenses recognised in profit for the period
398
368
2,228
1,864
1,528
2,493
Remeasurement of obligations from post-employment benefits
(2,371)
420
(246)
466
\u2013
\u2013
Expenses/(Income) recognized in other comprehensive income
(2,371)
420
(246)
466
\u2013
\u2013
Total
(1,973)
788
1,982
2,330
1,528
2,493
Expenses for pensions, severance payments, and other employee benefits are recognized in profit or loss under cost of sales, distribution costs, general and administrative costs, and in other comprehensive income. Net interest expense on personnel-related liabilities is presented in \u201cFinance costs \u2013 net\u201d.
Amounts accrued in the statement of financial position are:
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Funded pension benefits
5,869
8,636
Unfunded pension benefits
1,171
1,306
Total pension benefits
7,040
9,942
Unfunded severance payments
16,719
18,464
Funded severance payments
868
\u2013
Total severance payments
17,587
18,464
Other employee benefits
10,909
13,306
Provisions for employee benefits
35,536
41,712
In addition to anniversary bonuses, other employee benefits also include other obligations to employees.
Retirement benefits and severance payments are as follows:
Retirement benefits
Severance payments
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Present value of funded obligations
15,465
17,833
3,404
2,645
Fair value of plan assets
(9,596)
(9,197)
(2,536)
(2,769)
Funded status of funded obligations
5,869
8,636
868
(124)
Present value of unfunded obligations
1,171
1,306
16,719
18,464
Provisions recognised in the statement of financial position
7,040
9,942
17,587
18,464
In the previous year, the fair value of the plan assets for the funded severance payments exceeded the obligations. This surplus of \u20ac 124 thousand was reported under other assets in the previous year.
The present value of projected retirement benefits, the movement in plan assets (held to cover the pension benefits), and the funded status are as follows:
Funded
retirement benefits
Unfunded
retirement benefits
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
Present value of pension obligation
Present value at the beginning of the financial year
17,833
17,461
1,306
1,330
Current service cost
\u2013
\u2013
\u2013
\u2013
Interest expense
713
646
52
49
Remeasurement from the change in demographic assumptions
\u2013
\u2013
\u2013
\u2013
Remeasurement from the change in financial assumptions
(2,166)
3
(117)
\u2013
Remeasurement from adjustments based on past experience
(50)
567
15
10
Benefits paid
(865)
(844)
(85)
(83)
Present value at the end of the financial year
15,465
17,833
1,171
1,306
Fair value of plan assets
Fair value at the beginning of the financial year
9,197
8,836
Contributions
842
719
Investment result
53
160
Interest income
369
326
Benefits paid
(865)
(844)
Fair value at the end of the financial year
9,596
9,197
Funded status of funded pension benefits
5,869
8,636
As at March\u00a031,\u00a02026, the average maturity of funded retirement benefits is 12\u00a0years and unfunded pension benefits nine\u00a0years.
Plan assets held to cover the pension obligations have been transferred to pension funds. The diversification of the portfolio is as follows:
in %
Mar 31, 2026
Mar 31, 2025
Debt securities
31%
29%
Equity securities
59%
58%
Real estate
9%
9%
Cash and cash equivalents
1%
4%
Total
100%
100%
A significant portion of plan assets is traded in an active market.
The aggregate movement in funded and unfunded severance payments is as follows:
Funded
severance payments
Unfunded
severance payments
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
Present value of severance payment obligation
Present value at the beginning of the financial year
2,645
2,491
18,464
26,736
Changes in consolidated group
\u2013
\u2013
\u2013
(5,562)
Exchange differences
(435)
(74)
\u2013
\u2013
Service cost
173
172
636
774
Interest cost
155
175
680
743
Remeasurement from the change in demographic assumptions
(7)
20
233
(131)
Remeasurement from the change in financial assumptions
65
(205)
(1,084)
(359)
Remeasurement from adjustments based on past experience
158
140
404
1,006
Past service cost
750
\u2013
\u2013
\u2013
Reclassification to other liabilities
\u2013
\u2013
(144)
(1,248)
Benefits paid
(100)
(74)
(2,470)
(3,495)
Present value at the end of the financial year
3,404
2,645
16,719
18,464
Fair value of plan assets
Fair value at the beginning of the financial year
2,769
2,395
Exchange differences
(400)
(76)
Contributions
86
339
Investment result
15
5
Interest income
166
180
Benefits paid
(100)
(74)
Fair value at the end of the financial year
2,536
2,769
Funded status of funded severance payments
868
(124)
As at March\u00a031,\u00a02026, the average maturity of unfunded severance payments is ten years.
The aggregate movement in other employee benefits (anniversary bonuses) is as follows:
\u20ac in thousands
2025/26
2024/25
Present value at the beginning of the financial year
12,314
14,220
Exchange differences
(132)
(44)
Service cost
2,063
3,173
Interest expense
237
318
Remeasurement from the change in demographic assumptions
(511)
(383)
Remeasurement from the change in financial assumptions
(124)
(355)
Remeasurement from adjustments based on past experience
(137)
(260)
Benefits paid
(3,431)
(4,355)
Present value at the end of the financial year
10,279
12,314
As at March\u00a031,\u00a02026, the average maturity of other employee benefits is ten years.
The following weighted actuarial parameters were used for the measurement at the balance sheet date:
Retirement benefits
Severance payments
Other employee benefits
(anniversary bonuses)
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Discount rate
4.20%
4.00%
4.13%
3.80%
2.33%
2.23%
Expected rate of remuneration increase
\u2013
\u2013
3.39%
3.70%
4.36%
4.59%
Expected rate of pension increase
2.70%
3.60%
\u2013
\u2013
\u2013
\u2013
Retirement age
65
65
1
1
\u2013
\u2013
1 Individual according to respective local legislation
Attrition rates and biometric data are included in the calculation of the provisions.
18.
Other provisions
\u20ac in thousands
Total
Warranty
Restructuring
Pending loss
Others
Carrying amount Mar 31, 2025
20,724
11,859
5,628
1,718
1,519
Utilization
(7,386)
(2,511)
(3,384)
(1,491)
\u2013
Reversal
(9,574)
(7,935)
(1,458)
\u2013
(181)
Addition
12,710
227
\u2013
10,625
1,858
Exchange differences
(701)
(522)
(7)
(172)
\u2013
Carrying amount Mar 31, 2026
15,773
1,118
779
10,680
3,196
\u20ac in thousands
Total
Warranty
Restructuring
Pending loss
Others
Carrying amount Mar 31, 2024
15,960
13,566
\u2013
732
1,662
Change in consolidation group
(86)
(52)
\u2013
(34)
\u2013
Utilization
(10,038)
(9,251)
\u2013
(647)
(140)
Reversal
(522)
(468)
\u2013
(51)
(3)
Addition
15,605
8,195
5,629
1,781
\u2013
Exchange differences
(195)
(131)
(1)
(63)
\u2013
Carrying amount Mar 31, 2025
20,724
11,859
5,628
1,718
1,519
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
thereof non-current
\u2013
\u2013
thereof current
15,773
20,724
Carrying amount
15,773
20,724
Warranty provision This item relates to the costs of existing and expected complaints about products still under warranty. The accrued amount is the best estimate of these costs based on experience and actual facts and is not yet recognized as a liability due to the uncertainty as to the amount and timing. The amount of expected costs includes amounts assumed from product liability insurance. The products affected are applications in the industrial segment.
Provision for restructuring This item refers to provisions for a social plan which was agreed and communi-cated in June 2024 and is related to the cost optimization and efficiency program at the locations in Austria, Germany and China.
Others As in the previous year, other provisions are related to the unclear legal situation regarding pension insurance contributions in Asia and risks from pending transactions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-121": { "value": "
17.
Provisions for employee benefits
Provisions for employee benefits relate to pension commitments, severance payments, and other employee benefits.
Defined contribution plans The majority of the Group\u2019s employees in Austria and some of its employees in India are covered by defined contribution pension plans that have been outsourced to a pension fund. For employees in Austria, the pension plans are supplemented by death and endowment insurance policies. Employer contributions are determined based on a certain percentage of current remuneration. Employer contributions under these plans amounted to \u20ac\u00a01,061\u00a0thousand in the financial year 2025/26 and \u20ac\u00a01,003\u00a0thousand in the financial year 2024/25.
Defined benefit plans The Group operates defined benefit plans for several former members of the Management Board and former executive employees with no employee contribution required. The board members and other executive employees\u2019 plans are partially funded through assets in pension funds and partially unfunded. Pension benefits of members of the Management Board and executive employees are based on their salaries and years of service. Essentially, these obligations expose the Group to life expectancy and inflation risks due to future increases in pay and pensions, and, in the case of funded pension plans, to deviations in income.
Funded severance payments The employees in India are entitled to severance payments upon retirement or, under certain circumstances, upon leaving the Company prematurely, the amount of which depends on years of service and the remuneration received by the respective member of staff. Severance payments range between half the monthly remuneration per year of service and a fixed maximum. Severance payment obligations are covered by a life insurance policy. The main risk to which the Group is exposed from these obligations is the risk of inflation due to future pay increases.
Unfunded severance payments Employees in Austria are entitled to receive severance payments, which are based upon years of service and remuneration received by the respective member of staff and are generally payable upon retirement and, under certain circumstances, upon leaving the Company. For staff members who joined the Company before January 1, 2003, the severance payments in Austria range from two to twelve twelfths of the annual salary. The main risk to which the Group is exposed from these obligations is the risk of inflation due to future pay increases.
For employees in Austria who joined on or after January 1, 2003, regular contributions are paid to a staff provision fund (\u201cMitarbeitervorsorgekasse\u201d) without any further obligations on the part of the Group. The contributions amounted to \u20ac\u00a01,504\u00a0thousand in the financial year 2025/26 and \u20ac\u00a01,454\u00a0thousand in the financial year 2024/25.
Other employee benefits The employees of the companies in Austria and China are entitled to anniversary bonuses for long-term service, the eligibility to and amount of which in Austria are stipulated in the Collective Agreement.
Expenses for (defined benefit) pension obligations, severance payments, and other employee benefits consist of the following:
Retirement benefits
Severance payments
Other
employee benefits
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
2025/26
2024/25
Current service cost
\u2013
\u2013
809
946
2,063
3,173
Interest expense
398
368
669
918
237
318
Past service cost
\u2013
\u2013
750
\u2013
\u2013
\u2013
Remeasurement of obligations from other employee benefits
\u2013
\u2013
\u2013
\u2013
(772)
(998)
Expenses recognised in profit for the period
398
368
2,228
1,864
1,528
2,493
Remeasurement of obligations from post-employment benefits
(2,371)
420
(246)
466
\u2013
\u2013
Expenses/(Income) recognized in other comprehensive income
(2,371)
420
(246)
466
\u2013
\u2013
Total
(1,973)
788
1,982
2,330
1,528
2,493
Expenses for pensions, severance payments, and other employee benefits are recognized in profit or loss under cost of sales, distribution costs, general and administrative costs, and in other comprehensive income. Net interest expense on personnel-related liabilities is presented in \u201cFinance costs \u2013 net\u201d.
Amounts accrued in the statement of financial position are:
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Funded pension benefits
5,869
8,636
Unfunded pension benefits
1,171
1,306
Total pension benefits
7,040
9,942
Unfunded severance payments
16,719
18,464
Funded severance payments
868
\u2013
Total severance payments
17,587
18,464
Other employee benefits
10,909
13,306
Provisions for employee benefits
35,536
41,712
In addition to anniversary bonuses, other employee benefits also include other obligations to employees.
Retirement benefits and severance payments are as follows:
Retirement benefits
Severance payments
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Present value of funded obligations
15,465
17,833
3,404
2,645
Fair value of plan assets
(9,596)
(9,197)
(2,536)
(2,769)
Funded status of funded obligations
5,869
8,636
868
(124)
Present value of unfunded obligations
1,171
1,306
16,719
18,464
Provisions recognised in the statement of financial position
7,040
9,942
17,587
18,464
In the previous year, the fair value of the plan assets for the funded severance payments exceeded the obligations. This surplus of \u20ac 124 thousand was reported under other assets in the previous year.
The present value of projected retirement benefits, the movement in plan assets (held to cover the pension benefits), and the funded status are as follows:
Funded
retirement benefits
Unfunded
retirement benefits
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
Present value of pension obligation
Present value at the beginning of the financial year
17,833
17,461
1,306
1,330
Current service cost
\u2013
\u2013
\u2013
\u2013
Interest expense
713
646
52
49
Remeasurement from the change in demographic assumptions
\u2013
\u2013
\u2013
\u2013
Remeasurement from the change in financial assumptions
(2,166)
3
(117)
\u2013
Remeasurement from adjustments based on past experience
(50)
567
15
10
Benefits paid
(865)
(844)
(85)
(83)
Present value at the end of the financial year
15,465
17,833
1,171
1,306
Fair value of plan assets
Fair value at the beginning of the financial year
9,197
8,836
Contributions
842
719
Investment result
53
160
Interest income
369
326
Benefits paid
(865)
(844)
Fair value at the end of the financial year
9,596
9,197
Funded status of funded pension benefits
5,869
8,636
As at March\u00a031,\u00a02026, the average maturity of funded retirement benefits is 12\u00a0years and unfunded pension benefits nine\u00a0years.
Plan assets held to cover the pension obligations have been transferred to pension funds. The diversification of the portfolio is as follows:
in %
Mar 31, 2026
Mar 31, 2025
Debt securities
31%
29%
Equity securities
59%
58%
Real estate
9%
9%
Cash and cash equivalents
1%
4%
Total
100%
100%
A significant portion of plan assets is traded in an active market.
The aggregate movement in funded and unfunded severance payments is as follows:
Funded
severance payments
Unfunded
severance payments
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
Present value of severance payment obligation
Present value at the beginning of the financial year
2,645
2,491
18,464
26,736
Changes in consolidated group
\u2013
\u2013
\u2013
(5,562)
Exchange differences
(435)
(74)
\u2013
\u2013
Service cost
173
172
636
774
Interest cost
155
175
680
743
Remeasurement from the change in demographic assumptions
(7)
20
233
(131)
Remeasurement from the change in financial assumptions
65
(205)
(1,084)
(359)
Remeasurement from adjustments based on past experience
158
140
404
1,006
Past service cost
750
\u2013
\u2013
\u2013
Reclassification to other liabilities
\u2013
\u2013
(144)
(1,248)
Benefits paid
(100)
(74)
(2,470)
(3,495)
Present value at the end of the financial year
3,404
2,645
16,719
18,464
Fair value of plan assets
Fair value at the beginning of the financial year
2,769
2,395
Exchange differences
(400)
(76)
Contributions
86
339
Investment result
15
5
Interest income
166
180
Benefits paid
(100)
(74)
Fair value at the end of the financial year
2,536
2,769
Funded status of funded severance payments
868
(124)
As at March\u00a031,\u00a02026, the average maturity of unfunded severance payments is ten years.
The aggregate movement in other employee benefits (anniversary bonuses) is as follows:
\u20ac in thousands
2025/26
2024/25
Present value at the beginning of the financial year
12,314
14,220
Exchange differences
(132)
(44)
Service cost
2,063
3,173
Interest expense
237
318
Remeasurement from the change in demographic assumptions
(511)
(383)
Remeasurement from the change in financial assumptions
(124)
(355)
Remeasurement from adjustments based on past experience
(137)
(260)
Benefits paid
(3,431)
(4,355)
Present value at the end of the financial year
10,279
12,314
As at March\u00a031,\u00a02026, the average maturity of other employee benefits is ten years.
The following weighted actuarial parameters were used for the measurement at the balance sheet date:
Retirement benefits
Severance payments
Other employee benefits
(anniversary bonuses)
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Mar 31, 2026
Mar 31, 2025
Discount rate
4.20%
4.00%
4.13%
3.80%
2.33%
2.23%
Expected rate of remuneration increase
\u2013
\u2013
3.39%
3.70%
4.36%
4.59%
Expected rate of pension increase
2.70%
3.60%
\u2013
\u2013
\u2013
\u2013
Retirement age
65
65
1
1
\u2013
\u2013
1 Individual according to respective local legislation
Attrition rates and biometric data are included in the calculation of the provisions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-122": { "value": "
18.
Other provisions
\u20ac in thousands
Total
Warranty
Restructuring
Pending loss
Others
Carrying amount Mar 31, 2025
20,724
11,859
5,628
1,718
1,519
Utilization
(7,386)
(2,511)
(3,384)
(1,491)
\u2013
Reversal
(9,574)
(7,935)
(1,458)
\u2013
(181)
Addition
12,710
227
\u2013
10,625
1,858
Exchange differences
(701)
(522)
(7)
(172)
\u2013
Carrying amount Mar 31, 2026
15,773
1,118
779
10,680
3,196
\u20ac in thousands
Total
Warranty
Restructuring
Pending loss
Others
Carrying amount Mar 31, 2024
15,960
13,566
\u2013
732
1,662
Change in consolidation group
(86)
(52)
\u2013
(34)
\u2013
Utilization
(10,038)
(9,251)
\u2013
(647)
(140)
Reversal
(522)
(468)
\u2013
(51)
(3)
Addition
15,605
8,195
5,629
1,781
\u2013
Exchange differences
(195)
(131)
(1)
(63)
\u2013
Carrying amount Mar 31, 2025
20,724
11,859
5,628
1,718
1,519
\u20ac in thousands
Mar 31, 2026
Mar 31, 2025
thereof non-current
\u2013
\u2013
thereof current
15,773
20,724
Carrying amount
15,773
20,724
Warranty provision This item relates to the costs of existing and expected complaints about products still under warranty. The accrued amount is the best estimate of these costs based on experience and actual facts and is not yet recognized as a liability due to the uncertainty as to the amount and timing. The amount of expected costs includes amounts assumed from product liability insurance. The products affected are applications in the industrial segment.
Provision for restructuring This item refers to provisions for a social plan which was agreed and communi-cated in June 2024 and is related to the cost optimization and efficiency program at the locations in Austria, Germany and China.
Others As in the previous year, other provisions are related to the unclear legal situation regarding pension insurance contributions in Asia and risks from pending transactions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-123": { "value": "
20.
Additional disclosures on financial instruments
Carrying amounts and fair values by measurement category The carrying amounts and fair values of financial instruments included in several items in the statement of financial position by measurement category are as follows at the balance sheet date. Unless otherwise stated, carrying amounts correspond approximately to the fair values:
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
Mar 31, 2025
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
\u2013
\u2013
Other financial assets
FAAFVOCI
2
118
169
Other financial assets
FAAC
8,584
Financial assets
8,702
Current assets
Trade receivables less impairments
FAAC
214,977
Trade receivables
FAAFVOCI
3
77,312
77,312
Contract assets less impairments
-
115,617
Other receivables
FAAC
13,149
Other receivables
-
61,154
Trade and other receivables
482,209
Derivative financial instruments
DHI
2
1,999
1,999
Financial assets
FAAFVPL
1
1,000
1,000
Financial assets
FAAC
102,913
Financial assets
105,912
Cash and cash equivalents
\u2013
Cash and cash equivalents
FAAC
485,079
Cash and cash equivalents
485,079
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,085,814
Derivative financial instruments
DHI
2
5,317
5,317
Non-current and current financial liabilities
2,091,131
Trade payables
FLAAC
304,468
Other payables
FLAAC
35,198
Other payables
-
133,359
Trade and other non-current and current payables
473,025
Aggregated by measurement categories
Assets
At amortised cost
FAAC
824,702
\u2013
Financial assets at fair value through OCI
FAAFVOCI
77,430
77,430
Financial assets at fair value through profit or loss
FAAFVPL
1,000
1,000
Derivatives as hedging instruments
DHI
1,999
1,999
Liabilities
Financial liabilities at amortised cost
FLAAC
2,425,480
\u2013
Derivatives as hedging instruments
DHI
5,317
5,317
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
When measuring fair value, a distinction needs to be made between three valuation hierarchies:
\u25fe
Level 1: The fair values are determined based on quoted market prices in an active market for identical financial instruments.
\u25fe
Level 2: If quoted market prices in active markets are not available, the fair values are determined based on the results of a measurement method that is based to the greatest possible extent on market prices.
\u25fe
Level 3: In this case, the fair values are determined using measurement models which are not based on observable market data.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-124": { "value": "
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-125": { "value": "
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-126": { "value": "
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-127": { "value": "
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-128": { "value": "
Mar 31, 2026
\u20ac in thousands
Measurement categories in accordance with IFRS 9 or measurement in accord. with other IFRSs1
Level
Carrying amount
Fair value
Assets
Non-current assets
Derivative financial instruments
DHI
2
6,812
6,812
Other financial assets
FAAFVOCI
2
118
118
Other financial assets
FAAC
6,496
Financial assets
13,426
Current assets
Trade receivables less impairments
FAAC
105,867
Trade receivables
FAAFVOCI
3
14,400
14,400
Contract assets less impairments
-
152,671
Other receivables
FAAC
39,298
Other receivables
-
76,518
Trade and other receivables
388,754
Derivative financial instruments
DHI
2
\u2013
\u2013
Financial assets
FAAFVPL
1
998
998
Financial assets
FAAC
60,768
Financial assets
61,766
Cash and cash equivalents
\u2013
\u2013
Cash and cash equivalents
FAAC
738,492
Cash and cash equivalents
738,492
Liabilities
Bonds
\u2013
\u2013
Other financial liabilities
FLAAC
2
2,142,942
Derivative financial instruments
DHI
2
2,888
2,888
Non-current and current financial liabilities
2,145,830
Trade payables
FLAAC
315,332
Other payables
FLAAC
56,916
Other payables
-
139,921
Trade and other non-current and current payables
512,169
Aggregated by measurement categories
Assets
At amortised cost
FAAC
950,921
\u2013
Financial assets at fair value through OCI
FAAFVOCI
14,518
14,518
Financial assets at fair value through profit or loss
FAAFVPL
998
998
Derivatives as hedging instruments
DHI
6,812
6,812
Liabilities
Financial liabilities at amortised cost
FLAAC
2,515,190
\u2013
Derivatives as hedging instruments
DHI
2,888
2,888
1 FAAC: Financial assets at amortised cost
FAAFVOCI: Financial assets at fair value through OCI
FAAFVPL: Financial assets at fair value through profit or loss
DHI: Derivatives as hedging instruments
FLAAC: Financial liabilities at amortised cost
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-129": { "value": "
When measuring fair value, a distinction needs to be made between three valuation hierarchies:
\u25fe
Level 1: The fair values are determined based on quoted market prices in an active market for identical financial instruments.
\u25fe
Level 2: If quoted market prices in active markets are not available, the fair values are determined based on the results of a measurement method that is based to the greatest possible extent on market prices.
\u25fe
Level 3: In this case, the fair values are determined using measurement models which are not based on observable market data.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-130": { "value": "
Financial risks
In the following, the financial risks, which comprise the financing risk, the liquidity risk, the credit risk, and the foreign exchange risk, are addressed. In the Group Management Report, further risk categories and the related processes and measures are outlined.
Risk management of financial risks is carried out by the central treasury department (Group Treasury) under policies approved by the Management Board. Responsibilities, authorizations, and limits are governed by these internal guidelines. Group Treasury identifies, evaluates and hedges financial risks in close cooperation with the Group\u2019s operating units.
Financing and interest rate risk The financing risk relates to securing the long-term funding of the Group and to fluctuations in the value of financial instruments.
On the assets side, the Group is exposed to low-interest rate risks with regard to its securities portfolio. Other liquid funds are mainly invested short-term. Reference is made to Note 12 \u201cFinancial assets\u201d and Note 13 \u201cCash and cash equivalents\u201d.
On the liabilities side, 35.7% (previous year: 29.2%) of the total bonds and bank borrowings are subject to fixed interest rates, taking into account interest rate hedging instruments. Reference is made to Note 15 \u201cFinancial liabilities\u201d.
The financial liabilities of the Group are linked to loan commitments that are customary in the market. These commitments are reviewed on a quarterly or an annual basis. If defined KPI thresholds are exceeded, lenders have a right to a step-up on the existing interest rate agreement. Rights of notice have not been agreed in this context.
Liquidity risk In the Group, liquidity risk refers to the circumstance of insolvency. Therefore, sufficient liquidity shall be available at all times to be able to meet the current payment obligations on time.
As of March\u00a031,\u00a02026, the Group has liquidity reserves of \u20ac\u00a0959.2\u00a0million (previous year: \u20ac\u00a0846.9 million). This comprises \u20ac\u00a0738.5\u00a0million (previous year: \u20ac\u00a0485.1 million) in cash and cash equivalents, \u20ac 61.8 million (previous year: \u20ac 105.5 million) in financial assets (including a time deposit of \u20ac 20.1 million, which was invested for longer than 90 days and is due in May 2026), and \u20ac\u00a0173.6\u00a0million (previous year: \u20ac\u00a0256.3\u00a0million) in available unused credit facilities. Thus, the liquidity reserves increased by \u20ac\u00a0112.3\u00a0million compared to the balance sheet date of the previous year. The available, unused credit facilities include \u20ac\u00a0111.5\u00a0million in current reserves (previous year: \u20ac\u00a0244.3\u00a0million), which relate to AT&S in China and are subject to specific liquidity requirements.
Credit risk In the Group, credit risk refers to the potential for payment default by customers.
The credit risk is kept to a minimum through a comprehensive process. Customers are subject to regular credit assessments and their receivables are covered by insurance to a large extent. Non-insured receivables are continuously monitored and, if any risks are identified, the deliveries are made only against advance payments or bank guarantees. In the financial year 2025/26, \u20ac\u00a01.2\u00a0million (previous year: \u20ac\u00a01.2\u00a0million) or 1.0% (previous year:\u00a00.4%) of receivables were impaired.
Reference is made to the detailed disclosures in Note 11 \u201cTrade and other receivables and contract assets\u201d.
Foreign exchange risk As a globally operating entity, the AT&S Group is exposed to foreign exchange risk. \u201cNatural hedges\u201d exist in part through local added value created at the various sites. Within the Group, transaction risks are initially managed by a maximum reduction of the FX exposure (netting). Open positions are continuously analyzed and hedged using different hedging instruments such as forward contracts, currency options, and currency swaps. At the balance sheet date, four foreign exchange forward contracts were reported.
Sensitivity analyses are performed to assess the foreign exchange risk, with \u2013 all else being equal \u2013 the effects of percentage changes in foreign exchange rates being simulated against each other.
Financial market risks Detailed information on financial market risks and derivative financial instruments is contained in Section I.B.I. \u201cAccounting and measurement policies: Financial assets: Derivative financial instruments\u201d and in Note 19 \u201cDerivative financial instruments\u201d. The Group uses derivative financial instruments, such as forward contracts, options, and swaps, exclusively for hedging purposes.
Evaluation of financial market risks using sensitivity analyses The Group applies sensitivity analyses to quantify the interest rate and currency risks. In gap analyses, the potential change in profit/loss resulting from a 1% change in price (exchange rate or interest rate) of the foreign currency or net interest position is determined. Correlations between different risk elements are not included in these analyses. The impact on profit/loss is determined taking into account income tax effects on the profit for the year after tax.
Risks concerning changes in interest rates emerge from positions with variable interest rates, mainly deriving from refinancing activities. Basis and option risks play a subordinated role. The risk of the interest ledger is managed by conducting business with fixed interest rates as well as using derivative financial instruments. The table below shows the effect on financial liabilities:
Mar 31, 2026
\u20ac in thousands
EUR
USD
Others
Total
In %
Before Hedging
Fixed interest rate
71,060
99,232
\u2013
170,292
7.9%
Variable interest rate
1,762,213
138,329
72,108
1,972,650
92.1%
Total
1,833,273
237,561
72,108
2,142,942
100.0%
In %
85.5%
11.1%
3.4%
100.0%
After Hedging
Fixed interest rate
666,060
99,232
\u2013
765,292
35.7%
Variable interest rate
1,167,213
138,329
72,108
1,377,650
64.3%
Total
1,833,273
237,561
72,108
2,142,942
100.0%
In %
85.5%
11.1%
3.4%
100.0%
Mar 31, 2025
\u20ac in thousands
EUR
USD
Others
Total
In %
Before Hedging
Fixed interest rate
110,486
105,262
\u2013
215,748
10.3%
Variable interest rate
1,831,781
\u2013
38,285
1,870,066
89.7%
Total
1,942,267
105,262
38,285
2,085,814
100.0%
In %
93.1%
5.1%
1.8%
100.0%
After Hedging
Fixed interest rate
503,486
105,262
\u2013
608,748
29.2%
Variable interest rate
1,438,781
\u2013
38,285
1,477,066
70.8%
Total
1,942,267
105,262
38,285
2,085,814
100.0%
In %
93.1%
5.1%
1.8%
100.0%
If the EUR interest rates at the balance sheet date had been 100 basis points higher resp. lower, based on the financing structure at the balance sheet date, the profit for the year would have been \u20ac\u00a08.8\u00a0million lower (previous year: \u20ac\u00a010.8\u00a0million) resp. \u20ac\u00a08.8\u00a0million higher (previous year: \u20ac\u00a010.8\u00a0million), provided all other variables remained constant. If the USD interest rates at the balance sheet date had been 100 basis points higher (or lower), based on the financing structure at the balance sheet date, the profit for the year would have been \u20ac\u00a01.1\u00a0million lower (previous year: \u20ac\u00a00.0\u00a0million) or \u20ac\u00a01.1\u00a0million higher (previous year: \u20ac\u00a00.0\u00a0million), provided all other variables remained constant. If the RMB interest rates at the balance sheet date had been 100 basis points higher or lower, based on the financing structure at the balance sheet date, the profit for the year would have been \u20ac\u00a00.6\u00a0million lower (previous year: \u20ac\u00a00.04\u00a0million) or \u20ac\u00a00.6\u00a0million higher (previous year: \u20ac\u00a00.04\u00a0million), provided all other variables remained constant.
The effect of this interest rate sensitivity analysis is based on the assumption that the interest rates would deviate by 100 basis points during an entire financial year and the new interest rates would have to be applied to the amount of equity and liabilities at the balance sheet date.
According to IFRS 7, the impact of hypothetical changes in exchange rates on the profit for the year results from monetary financial instruments that are not denominated in the functional currency of the reporting company. Hence, the effect on profit/loss is calculated based on receivables, payables and financial balances or, if applicable, foreign currency derivatives. At AT&S, the risk primarily contains US dollar balances. Therefore, a sensitivity analysis is only carried out for this currency. The average changes in euro/US dollar closing rates in the reporting period amounted to 8.7%. An increase in the US dollar exchange rate of 8.7% would reduce profit for the year by \u20ac\u00a00.4\u00a0million. Devaluation of the US dollar exchange rate against the euro would have increased the profit for the year by \u20ac\u00a00.4\u00a0million. On a closing date basis, the US dollar depreciated by 5.7% against the euro.
Capital risk management The objectives of the Group in respect of capital management include, firstly, securing the Company as a going concern in order to be able to continue providing the shareholders with dividends and the other stakeholders with their due services and, secondly, maintaining an appropriate capital structure in order to optimize capital costs. Therefore, the amount of the dividend payments is adjusted to the respective requirements, capital is repaid to shareholders (withdrawal of treasury shares), new shares are issued or the portfolio of other assets is changed.
Based on the covenants defined in the credit agreements, the Group monitors its capital based on the ratio of net debt to EBITDA (theoretical payback period for debts). The Group\u2019s financial liabilities are linked to standard market loan commitments, which are reviewed on a quarterly or annual basis. If the defined KPI thresholds are exceeded, lenders are entitled to a step-up on the existing interest rate agreement; termination rights have not been agreed upon in this context.
The Group\u2019s strategy is to sustain an equity ratio above 30% and not to exceed a theoretical payback period for debts of 3.0 years. Deviations are possible depending on the market environment and due to investment projects and may occur in a volatile environment
At the balance sheet date, the equity ratio was 22.6% and thus lower than the previous year\u2019s figure of 23.3% and below the target of more than 30.0%. At 3.2\u00a0years, the theoretical payback period for debts was above the previous year\u2019s figure of 2.5\u00a0years.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-131": { "value": "
Liquidity risk In the Group, liquidity risk refers to the circumstance of insolvency. Therefore, sufficient liquidity shall be available at all times to be able to meet the current payment obligations on time.
As of March\u00a031,\u00a02026, the Group has liquidity reserves of \u20ac\u00a0959.2\u00a0million (previous year: \u20ac\u00a0846.9 million). This comprises \u20ac\u00a0738.5\u00a0million (previous year: \u20ac\u00a0485.1 million) in cash and cash equivalents, \u20ac 61.8 million (previous year: \u20ac 105.5 million) in financial assets (including a time deposit of \u20ac 20.1 million, which was invested for longer than 90 days and is due in May 2026), and \u20ac\u00a0173.6\u00a0million (previous year: \u20ac\u00a0256.3\u00a0million) in available unused credit facilities. Thus, the liquidity reserves increased by \u20ac\u00a0112.3\u00a0million compared to the balance sheet date of the previous year. The available, unused credit facilities include \u20ac\u00a0111.5\u00a0million in current reserves (previous year: \u20ac\u00a0244.3\u00a0million), which relate to AT&S in China and are subject to specific liquidity requirements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-132": { "value": "
Credit risk In the Group, credit risk refers to the potential for payment default by customers.
The credit risk is kept to a minimum through a comprehensive process. Customers are subject to regular credit assessments and their receivables are covered by insurance to a large extent. Non-insured receivables are continuously monitored and, if any risks are identified, the deliveries are made only against advance payments or bank guarantees. In the financial year 2025/26, \u20ac\u00a01.2\u00a0million (previous year: \u20ac\u00a01.2\u00a0million) or 1.0% (previous year:\u00a00.4%) of receivables were impaired.
Reference is made to the detailed disclosures in Note 11 \u201cTrade and other receivables and contract assets\u201d.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-133": { "value": "
Financial market risks Detailed information on financial market risks and derivative financial instruments is contained in Section I.B.I. \u201cAccounting and measurement policies: Financial assets: Derivative financial instruments\u201d and in Note 19 \u201cDerivative financial instruments\u201d. The Group uses derivative financial instruments, such as forward contracts, options, and swaps, exclusively for hedging purposes.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-134": { "value": "
According to IFRS 7, the impact of hypothetical changes in exchange rates on the profit for the year results from monetary financial instruments that are not denominated in the functional currency of the reporting company. Hence, the effect on profit/loss is calculated based on receivables, payables and financial balances or, if applicable, foreign currency derivatives. At AT&S, the risk primarily contains US dollar balances. Therefore, a sensitivity analysis is only carried out for this currency. The average changes in euro/US dollar closing rates in the reporting period amounted to 8.7%. An increase in the US dollar exchange rate of 8.7% would reduce profit for the year by \u20ac\u00a00.4\u00a0million. Devaluation of the US dollar exchange rate against the euro would have increased the profit for the year by \u20ac\u00a00.4\u00a0million. On a closing date basis, the US dollar depreciated by 5.7% against the euro.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-135": { "value": "
Capital risk management The objectives of the Group in respect of capital management include, firstly, securing the Company as a going concern in order to be able to continue providing the shareholders with dividends and the other stakeholders with their due services and, secondly, maintaining an appropriate capital structure in order to optimize capital costs. Therefore, the amount of the dividend payments is adjusted to the respective requirements, capital is repaid to shareholders (withdrawal of treasury shares), new shares are issued or the portfolio of other assets is changed.
Based on the covenants defined in the credit agreements, the Group monitors its capital based on the ratio of net debt to EBITDA (theoretical payback period for debts). The Group\u2019s financial liabilities are linked to standard market loan commitments, which are reviewed on a quarterly or annual basis. If the defined KPI thresholds are exceeded, lenders are entitled to a step-up on the existing interest rate agreement; termination rights have not been agreed upon in this context.
The Group\u2019s strategy is to sustain an equity ratio above 30% and not to exceed a theoretical payback period for debts of 3.0 years. Deviations are possible depending on the market environment and due to investment projects and may occur in a volatile environment
At the balance sheet date, the equity ratio was 22.6% and thus lower than the previous year\u2019s figure of 23.3% and below the target of more than 30.0%. At 3.2\u00a0years, the theoretical payback period for debts was above the previous year\u2019s figure of 2.5\u00a0years.
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-136": { "value": "
21.
Contingent liabilities and other financial commitments
As of March\u00a031,\u00a02026, the Group has other financial commitments amounting to \u20ac\u00a0234,420\u00a0thousand (previous year: \u20ac\u00a0206,982\u00a0thousand) in connection with contractually binding investment projects. As of March\u00a031,\u00a02026, the maximum risk associated with liability for default was \u20ac\u00a016,064\u00a0thousand (previous year: \u20ac\u00a0841\u00a0thousand) less coverage of the credit insurance applied. The liability for default corresponds to the theoretical maximum loss if a default of all transferred receivables is incurred. The probability of needing to fall back on this liability is extremely low. The fair value of this risk is not material. At the balance sheet date, the Group has contingent liabilities from bank guarantees in an amount of \u20ac\u00a0241\u00a0thousand (previous year: \u20ac\u00a0357\u00a0thousand) and contingent liabilities from guarantees amounted to \u20ac\u00a00\u00a0thousand (previous year: \u20ac\u00a0217\u00a0thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-137": { "value": "
21.
Contingent liabilities and other financial commitments
As of March\u00a031,\u00a02026, the Group has other financial commitments amounting to \u20ac\u00a0234,420\u00a0thousand (previous year: \u20ac\u00a0206,982\u00a0thousand) in connection with contractually binding investment projects. As of March\u00a031,\u00a02026, the maximum risk associated with liability for default was \u20ac\u00a016,064\u00a0thousand (previous year: \u20ac\u00a0841\u00a0thousand) less coverage of the credit insurance applied. The liability for default corresponds to the theoretical maximum loss if a default of all transferred receivables is incurred. The probability of needing to fall back on this liability is extremely low. The fair value of this risk is not material. At the balance sheet date, the Group has contingent liabilities from bank guarantees in an amount of \u20ac\u00a0241\u00a0thousand (previous year: \u20ac\u00a0357\u00a0thousand) and contingent liabilities from guarantees amounted to \u20ac\u00a00\u00a0thousand (previous year: \u20ac\u00a0217\u00a0thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-138": { "value": "
21.
Contingent liabilities and other financial commitments
As of March\u00a031,\u00a02026, the Group has other financial commitments amounting to \u20ac\u00a0234,420\u00a0thousand (previous year: \u20ac\u00a0206,982\u00a0thousand) in connection with contractually binding investment projects. As of March\u00a031,\u00a02026, the maximum risk associated with liability for default was \u20ac\u00a016,064\u00a0thousand (previous year: \u20ac\u00a0841\u00a0thousand) less coverage of the credit insurance applied. The liability for default corresponds to the theoretical maximum loss if a default of all transferred receivables is incurred. The probability of needing to fall back on this liability is extremely low. The fair value of this risk is not material. At the balance sheet date, the Group has contingent liabilities from bank guarantees in an amount of \u20ac\u00a0241\u00a0thousand (previous year: \u20ac\u00a0357\u00a0thousand) and contingent liabilities from guarantees amounted to \u20ac\u00a00\u00a0thousand (previous year: \u20ac\u00a0217\u00a0thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-139": { "value": "
22.
Share capital
Outstanding shares
in thousand shares
Ordinary shares
\u20ac in thousands
Share premium
\u20ac in thousands
Share capital
\u20ac in thousands
Mar 31, 2024
38,850
42,735
99,111
141,846
Mar 31, 2025
38,850
42,735
99,111
141,846
Mar 31, 2026
38,850
42,735
99,111
141,846
Ordinary shares The ordinary shares of the Company as of March\u00a031,\u00a02026 amounting to \u20ac\u00a042,735\u00a0thousand are fully paid in (previous year: \u20ac\u00a042,735\u00a0thousand) and are made up of 38,850,000 (previous year: 38,850,000) no-par value bearer shares with a notional value of \u20ac\u00a01.10 each.
Approved capital and conditional capital increase The Management Board was authorized by the 30th Ordinary General Meeting on July\u00a04,\u00a02024, to increase the Company\u2019s share capital, subject to the approval of the Supervisory Board, by up to \u20ac 21,367,500 by way of issuing up to 19,425,000 new, no-par value bearer shares, for contributions in cash or in kind, in one or several tranches, also by way of indirect subscription rights, after having been taken over by one or more credit institutions in accordance with Section 153 (6) of the Austrian Stock Corporation Act (AktG). The Management Board was authorized to determine, subject to the approval of the Supervisory Board, the detailed terms and conditions of issue (in particular the issue amount, subject of the contribution in kind, the content of the share rights, the exclusion of subscription rights, etc.) (Authorized Capital 2024). The statutory subscription right of the shareholders to the new shares issued from the Authorized Capital 2024 shall be excluded (direct exclusion of the statutory subscription right) if and to the extent that this authorization is utilized by issuing shares against cash payments in a total amount of up to 10% of the share capital in the context of the placement of new shares of the Company to (i) exclude from the shareholders\u2019 subscription right fractional amounts which may arise in the case of an unfavorable exchange ratio and/or (ii) to satisfy over-allotment options (greenshoe options) granted to the issuing banks. Further, the Management Board was authorized to fully or partially exclude the statutory subscription right with the consent of the Supervisory Board. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the issuance of shares out of Authorized Capital 2024.
Furthermore, the Management Board was authorized at the 30th Ordinary General Meeting on July\u00a04\u00a0,2024 to issue, subject to the approval of the Supervisory Board, one or several convertible bearer bonds at a total amount of up to \u20ac 400,000,000 until July\u00a03,\u00a02029, and to grant to bearers of convertible bonds conversion rights and/or subscription rights for up to 19,425,000 new no-par value bearer shares in the Company in ac-cordance with the convertible bond terms and conditions to be defined by the Management Board. The con-vertible bonds can be issued against cash contributions and also against contributions in kind. In this regard, the Management Board was also authorized to fully or partially exclude shareholders\u2019 subscription rights, to the extent that the authorization to exclude subscription rights only applies to convertible bonds that grant the right to convert and/or subscribe to shares in the Company of, in total, no more than 10%, of the Company\u2019s share capital at the time the authorization is granted. In this context, the Company\u2019s share capital was condi-tionally increased by up to \u20ac 21,367,500 by way of issuance of up to 19,425,000 new no-par value bearer shares in accordance with Section 159 (2) No. 1 of the Austrian Stock Corporation carried out if the bearers of convertible bonds issued based on the authorization resolution passed at the Annual General Meeting on July\u00a04,\u00a02024 claim the right to conversion and/or subscription granted to them with regard to the Company\u2019s shares. The Management Board was also authorized to determine, subject to approval of the Supervisory Board, the further details of carrying out the conditional capital increase (particularly the issue amount and the content of the share rights). The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the issuance of shares from the conditional capital. The same applies in case the authorization to issue convertible bonds is not exercised or the conditional capital is not used.
With regard to the approved capital and the conditional capital, the following definition of the amount in ac-cordance with the resolutions passed at the 30th Ordinary General Meeting on July\u00a04,\u00a02024 is to be observed: the sum of (i) the number of shares currently issued or potentially to be issued from conditional capital in accordance with the convertible bond conditions and (ii) the number of shares issued from approved capital shall not exceed the total amount of 19,425,000 (limitation of authorized amount).
The Annual General Meeting also resolved to amend the Articles of Association in \u00a7 4 (Share capital) to re-flect these changes.
Outstanding shares The number of shares issued amounts to 38,850,000 as at March\u00a031,\u00a02026 (previous year: 38,850,000).
Treasury shares At the 31st Annual General Meeting on July\u00a03,\u00a02025, the Management Board was again authorized to purchase, within a period of 30 months from the adoption of the resolution by the General Meeting, treasury shares of up to 10% of the nominal share capital of the Company for a minimum consideration per share at the most 30% lower than the average, unweighted stock exchange closing price over the preceding ten trading days and a maximum consideration per share at the most 30% higher than the average, unweighted stock exchange closing price over the preceding ten trading days. The treasury shares may be purchased via the stock exchange, by means of a public offering or any other legally permitted way and for any legally permitted purpose. The authorization also includes the purchase of shares by subsidiaries of the company (Section 66 of the Austrian Stock Corporation Act). The Management Board was also authorized to withdraw repurchased treasury shares and treasury shares already held by the Company without any further resolution by the Annual General Meeting. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the withdrawal of the shares. This authorization may be exercised in whole or in part and also in several parts.
As at March\u00a031,\u00a02026, the Group held no treasury shares.
Dividend per share In the financial year 2025/26, no dividend was paid out from the total profit of the financial year 2024/25.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-140": { "value": "
22.
Share capital
Outstanding shares
in thousand shares
Ordinary shares
\u20ac in thousands
Share premium
\u20ac in thousands
Share capital
\u20ac in thousands
Mar 31, 2024
38,850
42,735
99,111
141,846
Mar 31, 2025
38,850
42,735
99,111
141,846
Mar 31, 2026
38,850
42,735
99,111
141,846
Ordinary shares The ordinary shares of the Company as of March\u00a031,\u00a02026 amounting to \u20ac\u00a042,735\u00a0thousand are fully paid in (previous year: \u20ac\u00a042,735\u00a0thousand) and are made up of 38,850,000 (previous year: 38,850,000) no-par value bearer shares with a notional value of \u20ac\u00a01.10 each.
Approved capital and conditional capital increase The Management Board was authorized by the 30th Ordinary General Meeting on July\u00a04,\u00a02024, to increase the Company\u2019s share capital, subject to the approval of the Supervisory Board, by up to \u20ac 21,367,500 by way of issuing up to 19,425,000 new, no-par value bearer shares, for contributions in cash or in kind, in one or several tranches, also by way of indirect subscription rights, after having been taken over by one or more credit institutions in accordance with Section 153 (6) of the Austrian Stock Corporation Act (AktG). The Management Board was authorized to determine, subject to the approval of the Supervisory Board, the detailed terms and conditions of issue (in particular the issue amount, subject of the contribution in kind, the content of the share rights, the exclusion of subscription rights, etc.) (Authorized Capital 2024). The statutory subscription right of the shareholders to the new shares issued from the Authorized Capital 2024 shall be excluded (direct exclusion of the statutory subscription right) if and to the extent that this authorization is utilized by issuing shares against cash payments in a total amount of up to 10% of the share capital in the context of the placement of new shares of the Company to (i) exclude from the shareholders\u2019 subscription right fractional amounts which may arise in the case of an unfavorable exchange ratio and/or (ii) to satisfy over-allotment options (greenshoe options) granted to the issuing banks. Further, the Management Board was authorized to fully or partially exclude the statutory subscription right with the consent of the Supervisory Board. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the issuance of shares out of Authorized Capital 2024.
Furthermore, the Management Board was authorized at the 30th Ordinary General Meeting on July\u00a04\u00a0,2024 to issue, subject to the approval of the Supervisory Board, one or several convertible bearer bonds at a total amount of up to \u20ac 400,000,000 until July\u00a03,\u00a02029, and to grant to bearers of convertible bonds conversion rights and/or subscription rights for up to 19,425,000 new no-par value bearer shares in the Company in ac-cordance with the convertible bond terms and conditions to be defined by the Management Board. The con-vertible bonds can be issued against cash contributions and also against contributions in kind. In this regard, the Management Board was also authorized to fully or partially exclude shareholders\u2019 subscription rights, to the extent that the authorization to exclude subscription rights only applies to convertible bonds that grant the right to convert and/or subscribe to shares in the Company of, in total, no more than 10%, of the Company\u2019s share capital at the time the authorization is granted. In this context, the Company\u2019s share capital was condi-tionally increased by up to \u20ac 21,367,500 by way of issuance of up to 19,425,000 new no-par value bearer shares in accordance with Section 159 (2) No. 1 of the Austrian Stock Corporation carried out if the bearers of convertible bonds issued based on the authorization resolution passed at the Annual General Meeting on July\u00a04,\u00a02024 claim the right to conversion and/or subscription granted to them with regard to the Company\u2019s shares. The Management Board was also authorized to determine, subject to approval of the Supervisory Board, the further details of carrying out the conditional capital increase (particularly the issue amount and the content of the share rights). The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the issuance of shares from the conditional capital. The same applies in case the authorization to issue convertible bonds is not exercised or the conditional capital is not used.
With regard to the approved capital and the conditional capital, the following definition of the amount in ac-cordance with the resolutions passed at the 30th Ordinary General Meeting on July\u00a04,\u00a02024 is to be observed: the sum of (i) the number of shares currently issued or potentially to be issued from conditional capital in accordance with the convertible bond conditions and (ii) the number of shares issued from approved capital shall not exceed the total amount of 19,425,000 (limitation of authorized amount).
The Annual General Meeting also resolved to amend the Articles of Association in \u00a7 4 (Share capital) to re-flect these changes.
Outstanding shares The number of shares issued amounts to 38,850,000 as at March\u00a031,\u00a02026 (previous year: 38,850,000).
Treasury shares At the 31st Annual General Meeting on July\u00a03,\u00a02025, the Management Board was again authorized to purchase, within a period of 30 months from the adoption of the resolution by the General Meeting, treasury shares of up to 10% of the nominal share capital of the Company for a minimum consideration per share at the most 30% lower than the average, unweighted stock exchange closing price over the preceding ten trading days and a maximum consideration per share at the most 30% higher than the average, unweighted stock exchange closing price over the preceding ten trading days. The treasury shares may be purchased via the stock exchange, by means of a public offering or any other legally permitted way and for any legally permitted purpose. The authorization also includes the purchase of shares by subsidiaries of the company (Section 66 of the Austrian Stock Corporation Act). The Management Board was also authorized to withdraw repurchased treasury shares and treasury shares already held by the Company without any further resolution by the Annual General Meeting. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the withdrawal of the shares. This authorization may be exercised in whole or in part and also in several parts.
As at March\u00a031,\u00a02026, the Group held no treasury shares.
Dividend per share In the financial year 2025/26, no dividend was paid out from the total profit of the financial year 2024/25.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-141": { "value": "
Ordinary shares The ordinary shares of the Company as of March\u00a031,\u00a02026 amounting to \u20ac\u00a042,735\u00a0thousand are fully paid in (previous year: \u20ac\u00a042,735\u00a0thousand) and are made up of 38,850,000 (previous year: 38,850,000) no-par value bearer shares with a notional value of \u20ac\u00a01.10 each.
Approved capital and conditional capital increase The Management Board was authorized by the 30th Ordinary General Meeting on July\u00a04,\u00a02024, to increase the Company\u2019s share capital, subject to the approval of the Supervisory Board, by up to \u20ac 21,367,500 by way of issuing up to 19,425,000 new, no-par value bearer shares, for contributions in cash or in kind, in one or several tranches, also by way of indirect subscription rights, after having been taken over by one or more credit institutions in accordance with Section 153 (6) of the Austrian Stock Corporation Act (AktG). The Management Board was authorized to determine, subject to the approval of the Supervisory Board, the detailed terms and conditions of issue (in particular the issue amount, subject of the contribution in kind, the content of the share rights, the exclusion of subscription rights, etc.) (Authorized Capital 2024). The statutory subscription right of the shareholders to the new shares issued from the Authorized Capital 2024 shall be excluded (direct exclusion of the statutory subscription right) if and to the extent that this authorization is utilized by issuing shares against cash payments in a total amount of up to 10% of the share capital in the context of the placement of new shares of the Company to (i) exclude from the shareholders\u2019 subscription right fractional amounts which may arise in the case of an unfavorable exchange ratio and/or (ii) to satisfy over-allotment options (greenshoe options) granted to the issuing banks. Further, the Management Board was authorized to fully or partially exclude the statutory subscription right with the consent of the Supervisory Board. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the issuance of shares out of Authorized Capital 2024.
Furthermore, the Management Board was authorized at the 30th Ordinary General Meeting on July\u00a04\u00a0,2024 to issue, subject to the approval of the Supervisory Board, one or several convertible bearer bonds at a total amount of up to \u20ac 400,000,000 until July\u00a03,\u00a02029, and to grant to bearers of convertible bonds conversion rights and/or subscription rights for up to 19,425,000 new no-par value bearer shares in the Company in ac-cordance with the convertible bond terms and conditions to be defined by the Management Board. The con-vertible bonds can be issued against cash contributions and also against contributions in kind. In this regard, the Management Board was also authorized to fully or partially exclude shareholders\u2019 subscription rights, to the extent that the authorization to exclude subscription rights only applies to convertible bonds that grant the right to convert and/or subscribe to shares in the Company of, in total, no more than 10%, of the Company\u2019s share capital at the time the authorization is granted. In this context, the Company\u2019s share capital was condi-tionally increased by up to \u20ac 21,367,500 by way of issuance of up to 19,425,000 new no-par value bearer shares in accordance with Section 159 (2) No. 1 of the Austrian Stock Corporation carried out if the bearers of convertible bonds issued based on the authorization resolution passed at the Annual General Meeting on July\u00a04,\u00a02024 claim the right to conversion and/or subscription granted to them with regard to the Company\u2019s shares. The Management Board was also authorized to determine, subject to approval of the Supervisory Board, the further details of carrying out the conditional capital increase (particularly the issue amount and the content of the share rights). The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the issuance of shares from the conditional capital. The same applies in case the authorization to issue convertible bonds is not exercised or the conditional capital is not used.
With regard to the approved capital and the conditional capital, the following definition of the amount in ac-cordance with the resolutions passed at the 30th Ordinary General Meeting on July\u00a04,\u00a02024 is to be observed: the sum of (i) the number of shares currently issued or potentially to be issued from conditional capital in accordance with the convertible bond conditions and (ii) the number of shares issued from approved capital shall not exceed the total amount of 19,425,000 (limitation of authorized amount).
The Annual General Meeting also resolved to amend the Articles of Association in \u00a7 4 (Share capital) to re-flect these changes.
Outstanding shares The number of shares issued amounts to 38,850,000 as at March\u00a031,\u00a02026 (previous year: 38,850,000).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-142": { "value": "
Treasury shares At the 31st Annual General Meeting on July\u00a03,\u00a02025, the Management Board was again authorized to purchase, within a period of 30 months from the adoption of the resolution by the General Meeting, treasury shares of up to 10% of the nominal share capital of the Company for a minimum consideration per share at the most 30% lower than the average, unweighted stock exchange closing price over the preceding ten trading days and a maximum consideration per share at the most 30% higher than the average, unweighted stock exchange closing price over the preceding ten trading days. The treasury shares may be purchased via the stock exchange, by means of a public offering or any other legally permitted way and for any legally permitted purpose. The authorization also includes the purchase of shares by subsidiaries of the company (Section 66 of the Austrian Stock Corporation Act). The Management Board was also authorized to withdraw repurchased treasury shares and treasury shares already held by the Company without any further resolution by the Annual General Meeting. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the withdrawal of the shares. This authorization may be exercised in whole or in part and also in several parts.
As at March\u00a031,\u00a02026, the Group held no treasury shares.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-143": { "value": "
Treasury shares At the 31st Annual General Meeting on July\u00a03,\u00a02025, the Management Board was again authorized to purchase, within a period of 30 months from the adoption of the resolution by the General Meeting, treasury shares of up to 10% of the nominal share capital of the Company for a minimum consideration per share at the most 30% lower than the average, unweighted stock exchange closing price over the preceding ten trading days and a maximum consideration per share at the most 30% higher than the average, unweighted stock exchange closing price over the preceding ten trading days. The treasury shares may be purchased via the stock exchange, by means of a public offering or any other legally permitted way and for any legally permitted purpose. The authorization also includes the purchase of shares by subsidiaries of the company (Section 66 of the Austrian Stock Corporation Act). The Management Board was also authorized to withdraw repurchased treasury shares and treasury shares already held by the Company without any further resolution by the Annual General Meeting. The Supervisory Board was authorized to adopt amendments to the Articles of Association resulting from the withdrawal of the shares. This authorization may be exercised in whole or in part and also in several parts.
As at March\u00a031,\u00a02026, the Group held no treasury shares.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-144": { "value": "
Dividend per share In the financial year 2025/26, no dividend was paid out from the total profit of the financial year 2024/25.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-145": { "value": "
Dividend per share In the financial year 2025/26, no dividend was paid out from the total profit of the financial year 2024/25.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-146": { "value": "
23.
Other reserves
The reclassification adjustments of the other comprehensive income realized in the profit for the year and the movement in other reserves are as follows:
\u20ac in thousands
Currency
translation
differences
Financial assets at fair value through OCI
Hedging
instruments for
cash flow hedges
Remeasurement of obligations from post-
employment
benefits
Other
reserves
Carrying amount Mar 31, 2024
(62,091)
(39)
1,259
(8,020)
(68,891)
Balance of unrealized changes before
reclassification, net of tax
43,475
\u2013
(4,267)
\u2013
39,208
Remeasurement of obligations from
post-employment benefits
\u2013
\u2013
\u2013
(1,860)
(1,860)
Carrying amount Mar 31, 2025
(18,616)
(39)
(3,008)
(9,880)
(31,543)
Balance of unrealized changes before
reclassification, net of tax
10,239
\u2013
7,291
\u2013
17,530
Remeasurement of obligations from
post-employment benefits, net of tax
\u2013
\u2013
\u2013
1,863
1,863
Unrealised gains/losses on available-for-sale financial assets, net of tax
\u2013
(12)
\u2013
\u2013
(12)
Carrying amount Mar 31, 2026
(8,377)
(51)
4,283
(8,017)
(12,162)
With regard to the presentation of income taxes attributable to the individual components of the other comprehensive income, including reclassification adjustments, reference is made to Note 6 \u201cIncome taxes\u201d.
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-147": { "value": "
24.
Hybrid capital
In January 2022, a hybrid bond with an issue volume of \u20ac\u00a0350,000 thousand and a coupon of 5.0% was placed. This hybrid bond has a perpetual maturity and can be called and redeemed after five years by AT\u00a0&\u00a0S Austria Technologie & Systemtechnik Aktiengesellschaft, but not by the creditors. The proceeds of this hybrid bond will be reported as part of equity as this instrument satisfies the IAS\u00a032 criteria for equity. Accordingly, coupon payments are also presented as part of the appropriation of profit. The issue costs of the hybrid bond amounted to \u20ac\u00a02,676\u00a0thousand. If the bond is not terminated after five years, the interest rate changes to the applicable five-year swap rate plus a mark-up of 9.942 percentage points.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-148": { "value": "
25.
Cash flow
In accordance with IAS 7, cash and cash equivalents comprise cash on hand and demand, deposits, and current, liquid investments that can be converted into known cash amounts at any time and which are only subject to an insignificant risk of changes in value. The indirect method was used to prepare the consolidated statement of cash flows.
Cash flow from operating activities before changes in working capital increased by \u20ac\u00a0199,508\u00a0thousand from \u20ac\u00a0142,223\u00a0thousand to \u20ac\u00a0341,731\u00a0thousand in the 2025/26 financial year. Although EBITDA of \u20ac\u00a0418,047\u00a0thousand was \u20ac\u00a0187,634\u00a0thousand lower than in the previous year (previous year:\u00a0\u20ac\u00a0605,681\u00a0thousand), in the previous year it included the gain on the sale of the plant in Ansan in the amount of \u20ac\u00a0324,834\u00a0thousand. Cash inflows from the sale of affiliated companies must be reported under cash flow from investing activities, and not in cash flow from operating activities before changes in working capital. Therefore, the contribution to earnings from the sale included in EBITDA is corrected in cash flow from operating activities before changes in working capital and reduces cash flow.
Income taxes paid decreased by \u20ac\u00a054,380\u00a0thousand to \u20ac\u00a010,536\u00a0thousand (previous year: \u20ac\u00a064,916\u00a0thousand) as did interest payments, which fell by \u20ac\u00a021,828\u00a0thousand to \u20ac\u00a066,289\u00a0thousand (previous year: \u20ac\u00a088,117\u00a0thousand). The cash inflow from payments received as part of bilateral agreements increased by \u20ac\u00a027,752\u00a0thousand to \u20ac\u00a049,098\u00a0thousand (previous year: \u20ac\u00a021,346\u00a0thousand). Interest received decreased by \u20ac\u00a0-1,470\u00a0thousand to \u20ac\u00a025,399\u00a0thousand (previous year: \u20ac\u00a026,869\u00a0thousand).
Cash flow from operating activities amounts to \u20ac\u00a0413,718\u00a0thousand (previous year: \u20ac\u00a0-74,523\u00a0thousand). In addition to the positive deviation in cash flow from operating activities before changes in working capital, there was also a significant improvement in working capital in the current year after a strong negative effect in the previous year. Although the cash flow from operating activities was reduced by an increase in inventories of \u20ac\u00a088,046\u00a0thousand (previous year: increase of \u20ac\u00a013,511\u00a0thousand), the reduction in trade receivables, other receivables and contract assets of \u20ac\u00a087,675\u00a0thousand (previous year: increase of \u20ac\u00a0204,661\u00a0thousand) provided relief. This is mainly due to higher factoring volumes. In addition, the positive change in trade payables and other liabilities improved cash flow by \u20ac\u00a076,608\u00a0thousand (previous year: decrease of \u20ac\u00a0-30,641\u00a0thousand).
In cash flow from investing activities, capital expenditures for property, plant and equipment and for intangi-ble assets of \u20ac\u00a0-179,419\u00a0thousand were significantly lower than in the previous year (previous year: \u20ac\u00a0-416,057\u00a0thousand). Capital expenditures were significantly lower in Kulim and in Hinterberg in particular. While capital expenditures for property, plant and equipment therefore decreased by \u20ac\u00a0236,638\u00a0thousand in the financial year2025/26, inflows from the sale of property, plant and equipment of \u20ac\u00a01,163\u00a0thousand changed by \u20ac\u00a0-124\u00a0thousand compared to the previous year (previous year: \u20ac\u00a01,287\u00a0thousand).
In addition, in the previous year proceeds from the sale of affiliated companies less acquired cash and cash equivalents of \u20ac\u00a0353,435\u00a0thousand were recorded due to the sale of the plant in Ansan (current year: \u20ac\u00a00\u00a0thousand). Capital expenditure for financial assets of \u20ac\u00a0-45,092\u00a0thousand (previous year: \u20ac\u00a0-125,096\u00a0thousand) led to a reduction in cash flow. In total, cash outflows in cash flow from investing activities, at \u20ac\u00a0-135,395\u00a0thousand were only \u20ac\u00a05,271\u00a0thousand lower than in the previous year (previous year: \u20ac\u00a0-140,666\u00a0thousand) taking into account the lower capital expenditures for property, plant and equipment and the proceeds from the sale of the plant in Ansan included in the previous year.
Operating free cash flow, i.e. cash flow from operating activities less net expenditures for property, plant and equipment and intangible assets, amounted to \u20ac\u00a0235,462\u00a0thousand in the 2025/26 financial year (previous year: \u20ac\u00a0-489,293\u00a0thousand).
Cash flow from financing activities amounted to \u20ac\u00a0-3,894\u00a0thousand in the financial year 2025/26, down \u20ac\u00a023,838\u00a0thousand on the prior year figure of \u20ac\u00a019,944\u00a0thousand. As in the previous year, there were no repayments of hybrid capital in the financial year 2025/26. Cash inflows resulted from the raising of funds in the amount of \u20ac\u00a0436,207\u00a0thousand (previous year: \u20ac\u00a0412,978\u00a0thousand) and from investment grants in the amount of \u20ac\u00a06,775\u00a0thousand (previous year: \u20ac\u00a07,611\u00a0thousand). Cash outflows resulted from the repayment of financial liabilities of \u20ac\u00a0-429,376\u00a0thousand (previous year: \u20ac\u00a0-383,145\u00a0thousand) and the hybrid coupon payment of \u20ac\u00a0-17,500\u00a0thousand (previous year: \u20ac\u00a0-17,500\u00a0thousand). There was no dividend payment in the 2025/26 financial year (previous year: \u20ac\u00a00\u00a0thousand).
\u20ac in thousands
2025/26
2024/25
Cash flow from operating activities before changes in working capital
341,731
142,223
Cash flow from operating activities
413,718
(74,523)
Cash flow from investing activities
(135,395)
(140,666)
Operating free cash flow
235,462
(489,293)
Cash flow from financing activities
(3,894)
19,944
Change in cash and cash equivalents
274,429
(195,245)
Currency effects on cash and cash equivalents
(21,016)
3,834
Cash and cash equivalents at the end of the year
738,492
485,079
The balance of cash and cash equivalents increased from \u20ac\u00a0485,079\u00a0thousand to \u20ac\u00a0738,492\u00a0thousand. In addition, AT&S has cash and cash equivalents available at short notice of \u20ac\u00a061,766\u00a0thousand (previous year:\u00a0\u20ac\u00a0105,912\u00a0thousand).
In total, AT&S therefore has cash and cash equivalents of \u20ac\u00a0800,258\u00a0thousand (previous year:\u00a0\u20ac 591,001\u00a0thousand). This very high figure, together with the unused credit lines of \u20ac\u00a0173,626\u00a0thousand (previous year:\u00a0\u20ac\u00a0256,253\u00a0thousand), serves to secure the financing of the future investment program and repayments due in the short term and are mainly used to ensure the financing of the future investment program.
The non-cash expense/income is as follows:
\u20ac in thousands
2025/26
2024/25
Release of government grants
(12,435)
(12,510)
Release of contract liabilities
(86,957)
(7,111)
Effects of exchange rate changes
16,266
(1,462)
Other non-cash expense/(income), net
12,754
(141)
Non-cash expense/(income), net
(70,372)
(21,224)
Net debt reconciliation:
\u20ac in thousands
2025/26
2024/25
Cash and cash equivalents
738,492
485,079
Financial assets
75,192
114,614
Financial liabilities, current
(515,818)
(469,892)
Financial liabilities, non-current
(1,630,012)
(1,621,239)
Net debt
(1,332,146)
(1,491,438)
Other assets
\u20ac in thousands
Cash
Financial assets
Financial
liabilities
Total
Amount as of Mar 31, 2024
676,490
43,727
(2,123,226)
Cash flows
(195,245)
78,499
33,984
(82,762)
Foreign exchange adjustments
3,834
146
636
4,616
Other non-cash movements
\u2013
(7,758)
(2,525)
(10,283)
Amounts as of Mar 31, 2025
485,079
114,614
(2,091,131)
Net debt Mar 31, 2025
(1,491,438)
Cash flows
274,429
(41,968)
(44,058)
188,403
Foreign exchange adjustments
(21,016)
(35)
(13,069)
(34,120)
Other non-cash movements
\u2013
2,581
2,428
5,009
Amounts as of Mar 31, 2026
738,492
75,192
(2,145,830)
Net debt Mar 31, 2026
(1,332,146)
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-149": { "value": "
In accordance with IAS 7, cash and cash equivalents comprise cash on hand and demand, deposits, and current, liquid investments that can be converted into known cash amounts at any time and which are only subject to an insignificant risk of changes in value. The indirect method was used to prepare the consolidated statement of cash flows.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-150": { "value": "
V.
Other Disclosures
26.
Earnings per share
Earnings per share are calculated in accordance with IAS\u00a033 \u201cEarnings per Share\u201d.
Weighted average of outstanding shares The number of shares issued is 38,850,000. As of March\u00a031,\u00a02026, no treasury shares are held, which would have had to be deducted in the calculation of earnings per share.
The weighted average number of outstanding shares for the basic earnings per share calculation amounts to 38,850\u00a0thousand in the financial year 2025/26 and to 38,850\u00a0thousand in the financial year 2024/25.
The weighted average number of outstanding shares for the diluted earnings per share calculation amounts to 38,850\u00a0thousand in the financial year 2025/26 and to 38,850\u00a0thousand in the financial year 2024/25.
The following table shows the composition of the diluted weighted average number of outstanding shares in the respective periods:
in thousands
2025/26
2024/25
Weighted average number of shares outstanding \u2013 basic
38,850
38,850
Diluting effect
\u2013
\u2013
Weighted average number of shares outstanding \u2013 diluted
38,850
38,850
Basic earnings per share Basic earnings per share are calculated by dividing the profit for the period attributed to the shareholders of the Company by the weighted average number of outstanding ordinary shares in the same period.
2025/26
2024/25
(Loss)/Profit for the year attributable to owners of the parent company (\u20ac in thousands)
(43,090)
72,195
Weighted average number of shares outstanding \u2013 basic (in thousands)
38,850
38,850
Basic earnings per share (in \u20ac)
(1.11)
1.86
Diluted earnings per share Diluted earnings per share are calculated by dividing the profit for the period attributed to the shareholders of the Company by the weighted average number of outstanding shares including the number of potentially outstanding ordinary shares in the same period. The potentially outstanding ordinary shares comprise the additional shares to be issued for exercisable options or subscription rights and are included in diluted earnings per share.
2025/26
2024/25
(Loss)/Profit for the year attributable to owners of the parent company (\u20ac in thousands)
(43,090)
72,195
Weighted average number of shares outstanding \u2013 diluted (in thousands)
38,850
38,850
Diluted earnings per share (in \u20ac)
(1.11)
1.86
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-151": { "value": "
V.
Other Disclosures
26.
Earnings per share
Earnings per share are calculated in accordance with IAS\u00a033 \u201cEarnings per Share\u201d.
Weighted average of outstanding shares The number of shares issued is 38,850,000. As of March\u00a031,\u00a02026, no treasury shares are held, which would have had to be deducted in the calculation of earnings per share.
The weighted average number of outstanding shares for the basic earnings per share calculation amounts to 38,850\u00a0thousand in the financial year 2025/26 and to 38,850\u00a0thousand in the financial year 2024/25.
The weighted average number of outstanding shares for the diluted earnings per share calculation amounts to 38,850\u00a0thousand in the financial year 2025/26 and to 38,850\u00a0thousand in the financial year 2024/25.
The following table shows the composition of the diluted weighted average number of outstanding shares in the respective periods:
in thousands
2025/26
2024/25
Weighted average number of shares outstanding \u2013 basic
38,850
38,850
Diluting effect
\u2013
\u2013
Weighted average number of shares outstanding \u2013 diluted
38,850
38,850
Basic earnings per share Basic earnings per share are calculated by dividing the profit for the period attributed to the shareholders of the Company by the weighted average number of outstanding ordinary shares in the same period.
2025/26
2024/25
(Loss)/Profit for the year attributable to owners of the parent company (\u20ac in thousands)
(43,090)
72,195
Weighted average number of shares outstanding \u2013 basic (in thousands)
38,850
38,850
Basic earnings per share (in \u20ac)
(1.11)
1.86
Diluted earnings per share Diluted earnings per share are calculated by dividing the profit for the period attributed to the shareholders of the Company by the weighted average number of outstanding shares including the number of potentially outstanding ordinary shares in the same period. The potentially outstanding ordinary shares comprise the additional shares to be issued for exercisable options or subscription rights and are included in diluted earnings per share.
2025/26
2024/25
(Loss)/Profit for the year attributable to owners of the parent company (\u20ac in thousands)
(43,090)
72,195
Weighted average number of shares outstanding \u2013 diluted (in thousands)
38,850
38,850
Diluted earnings per share (in \u20ac)
(1.11)
1.86
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-152": { "value": "
27.
Material events after the balance sheet date
As increasingly more computing power is required in the field of artificial intelligence, demand by a key customer for high-end IC substrates of AT&S is growing. To be able to manufacture these substrates on a larger scale, AT&S has decided after the balance sheet date to expand capacity at its location in Chongqing, China. The required investments in the high double-digit million range will be fully financed based on long-term customer agreements. The company expects a positive effect on EBIT, also in the high double-digit million range, from these measures in the financial year 2026/27.
AT&S intends to issue a hybrid convertible bond or a hybrid bond with total volume of up to \u20ac 500 million in the second or third quarter of 2026 for refinancing and strengthening the capital base.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-153": { "value": "
28.
Related party transactions
In connection with various projects, the Group received consulting services in the financial year 2024/25 from companies in which former Supervisory Board Chairman Mr. Androsch (AIC Androsch International Management Consulting GmbH) was active. In the financial year 2025/26 the Group received no such services:
\u20ac in thousands
2025/26
2024/25
AIC Androsch International Management Consulting GmbH
\u2013
272
Total
\u2013
272
Members of the Management Board and the Supervisory Board
In the financial year 2025/26 and until the issue date of these consolidated financial statements, the following persons served on the Management Board:
\u25fe
Michael Mertin (Chairman since May 1, 2025)
\u25fe
Peter Griehsnig
\u25fe
Gerrit Steen (since February 1, 2026)
\u25fe
Ingolf Schr\u00f6der (until January 31, 2026)
\u25fe
Peter Schneider (Deputy Chairman until September 30, 2025)
\u25fe
Petra Preining (until August 31, 2025)
In the financial year 2025/26, the following persons were appointed members of the Supervisory Board:
\u25fe
Andy Mattes (Chairman since July 3, 2025)
\u25fe
Georg Riedl (Chairman until July 3, 2025; First Deputy Chairman since July 3, 2025)
\u25fe
Gertrude Tumpel-Gugerell (First Deputy Chairwoman until July 3, 2025; Second Deputy Chairwoman since July 3, 2025)
\u25fe
Georg Hansis
\u25fe
Karin Schaupp
\u25fe
Robert Lasshofer (until July 3, 2025)
Delegated by the Works Council:
\u25fe
Ronald Arh
\u25fe
Christa K\u00f6berl
\u25fe
G\u00fcnter Pint
The number of outstanding stock appreciation rights (SARs) and staff costs from stock appreciation rights granted are as follows:
Number of outstanding
stock appreciation rights
Staff costs
(\u20ac in thousands)
Mar 31, 2026
Mar 31, 2025
2025/26
2024/25
Peter Griehsnig1
60,000
75,000
283
(23)
Ingolf Schr\u00f6der2
\u2013
90,000
\u2013
(53)
Total Management Board members
60,000
165,000
283
(76)
Ingolf Schr\u00f6der2
60,000
\u2013
283
\u2013
Peter Schneider3
120,000
90,000
1,798
(53)
Petra Preining4
90,000
90,000
956
(20)
Andreas Gerstenmayer
158,333
208,333
1,276
656
Heinz Moitzi
\u2013
\u2013
\u2013
(5)
Total
488,333
553,333
4,596
502
1 Some of the allocations were made before being appointed as a member of the Management Board.
2 Termination of Management Board mandate as of January 31, 2026.
3 Termination of Management Board mandate as of September 30, 2025.
4 Termination of Management Board mandate as of August 31, 2025.
The share price performance in part led to a reduction in staff costs in the financial year 2025/26, which is indicated by parenthesis in the table.
The number of virtual shares allocated under the performance share plan (\"PSP 2025\") and the personnel expenses from allocated virtual shares are as follows:
Number of virtual shares allocated
Performance Share Plan
Staff costs
(\u20ac in thousands)
Mar 31, 2026
Mar 31, 2025
2025/26
2024/25
Michael Mertin1
74,152
\u2013
832
\u2013
Gerrit Steen2
3,061
\u2013
16
\u2013
Peter Griehsnig3
34,993
\u2013
458
\u2013
Ingolf Schr\u00f6der4
29,161
\u2013
381
\u2013
Total
141,367
\u2013
1,687
\u2013
1 First appointment to the Management Board on May 1, 2025.
2 First appointment to the Management Board on February 1, 2026.
3 First appointment to the Management Board on April 1, 2023.
4 Allocation until termination of the Management Board mandate as of January 31, 2026.
For further details on stock appreciation rights (SARs) and the performance share plan, please refer to Note\u00a014\u00a0\u201cTrade and other payables\u201d.
Total compensation to the members of the Management Board in accordance with IAS\u00a024:
2025/26
2024/25
\u20ac in thousands
Fixed
Variable
Total
Fixed
Variable
Total
Fixed and expected variable payments
Michael Mertin1
1,191
1,342
2,533
\u2013
\u2013
\u2013
Gerrit Steen2
333
104
437
\u2013
\u2013
\u2013
Peter Griehsnig3
515
644
1,159
449
271
720
Ingolf Schr\u00f6der4
430
540
970
449
271
720
Peter Schneider5
259
202
461
449
271
720
Petra Preining6
215
169
384
449
271
720
Andreas Gerstenmayer
\u2013
\u2013
\u2013
348
159
507
Total Management Board members
2,943
3,001
5,944
2,144
1,243
3,387
Ingolf Schr\u00f6der4
70
\u2013
70
\u2013
\u2013
\u2013
Peter Schneider5
2,005
\u2013
2,005
\u2013
\u2013
\u2013
Petra Preining6
691
\u2013
691
\u2013
\u2013
\u2013
Andreas Gerstenmayer
\u2013
\u2013
\u2013
3,085
\u2013
3,085
Total former Management Board members
2,766
\u2013
2,766
3,085
\u2013
3,085
Total fixed and expected variable payments
5,709
3,001
8,710
5,229
1,243
6,472
1 First appointment to the Executive Board on May 1, 2025.
2 First appointment to the Executive Board on February 1, 2026.
3 First appointment to the Executive Board on April 1, 2023.
4 Termination of Management Board mandate as of January 31, 2026.
5 Termination of Management Board mandate as of September 30, 2025.
6 Termination of Management Board mandate as of August 31, 2025.
In the fixed salary components of Gerrit Steen is a one-off bonus of \u20ac\u00a0220\u00a0thousand is included. In the previous year the variable compensation of Petra Preining, Peter Griehsnig, Peter Schneider and Ingolf Schr\u00f6der includes a one-off bonus of \u20ac\u00a095\u00a0thousand each. This bonus was granted due to the exceptional challenges and the related massive additional burden.
The item \u201cTotal former Management Board members\u201d includes other benefits in connection with the termi-nation of the Management Board contracts of Ingolf Schr\u00f6der, Peter Schneider, Petra Preining and Andreas Gerstenmayer.
Besides the above mentioned compensation, \u20ac\u00a051\u00a0thousand (previous year: \u20ac\u00a044\u00a0thousand) for Peter Griehsnig and \u20ac\u00a07\u00a0thousand (previous year: \u20ac\u00a00\u00a0thousand) for Gerrit Steen was paid into a pension fund. For the former Management Board members, the following was paid into a pension fund: \u20ac\u00a043\u00a0thousand (previous year: \u20ac\u00a044\u00a0thousand) for Ingolf Schr\u00f6der, \u20ac\u00a0235\u00a0thousand (previous year: \u20ac\u00a044\u00a0thousand) for Peter Schneider, \u20ac\u00a023\u00a0thousand (previous year: \u20ac\u00a044\u00a0thousand) for Petra Preining and \u20ac\u00a00\u00a0thousand (previous year: \u20ac\u00a0140\u00a0thousand) for Andreas Gerstenmayer.
Expenses for severance payments and retirement benefits for members of the Management Board are as follows:
Severance payments
Retirement benefits
\u20ac in thousands
2025/26
2024/25
2025/26
2024/25
Expenses recognized in profit for the period
57
116
359
317
Remeasurement recognized in other comprehensive income
\u2013
(262)
\u2013
\u2013
Total remuneration for services rendered personally by members of the Supervisory Board attributable to the financial year and proposed to the Annual General Meeting:
\u20ac in thousands
2025/26
2024/25
Andreas Mattes
236
\u2013
Georg Riedl
236
178
Gertrude Tumpel-Gugerell
186
98
Georg Hansis
151
81
Karin Schaupp
156
101
Robert Lasshofer
39
104
Hannes Androsch
\u2013
121
Lars Reger
\u2013
64
Hermann Eul
\u2013
38
Regina Prehofer
\u2013
36
Total
1,005
821
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-154": { "value": "
Members of the Management Board and the Supervisory Board
In the financial year 2025/26 and until the issue date of these consolidated financial statements, the following persons served on the Management Board:
\u25fe
Michael Mertin (Chairman since May 1, 2025)
\u25fe
Peter Griehsnig
\u25fe
Gerrit Steen (since February 1, 2026)
\u25fe
Ingolf Schr\u00f6der (until January 31, 2026)
\u25fe
Peter Schneider (Deputy Chairman until September 30, 2025)
\u25fe
Petra Preining (until August 31, 2025)
In the financial year 2025/26, the following persons were appointed members of the Supervisory Board:
\u25fe
Andy Mattes (Chairman since July 3, 2025)
\u25fe
Georg Riedl (Chairman until July 3, 2025; First Deputy Chairman since July 3, 2025)
\u25fe
Gertrude Tumpel-Gugerell (First Deputy Chairwoman until July 3, 2025; Second Deputy Chairwoman since July 3, 2025)
\u25fe
Georg Hansis
\u25fe
Karin Schaupp
\u25fe
Robert Lasshofer (until July 3, 2025)
Delegated by the Works Council:
\u25fe
Ronald Arh
\u25fe
Christa K\u00f6berl
\u25fe
G\u00fcnter Pint
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-155": { "value": "
\u20ac in thousands
2025/26
2024/25
Andreas Mattes
236
\u2013
Georg Riedl
236
178
Gertrude Tumpel-Gugerell
186
98
Georg Hansis
151
81
Karin Schaupp
156
101
Robert Lasshofer
39
104
Hannes Androsch
\u2013
121
Lars Reger
\u2013
64
Hermann Eul
\u2013
38
Regina Prehofer
\u2013
36
Total
1,005
821
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-156": { "value": "
29.
Expenses for the Group auditor
The expenses for the financial year for the Group auditor are as follows:
\u20ac in thousands
2025/26
2024/25
Audit of consolidated and separate financial statements
792
756
Other assurance services
197
324
Other services
371
334
Total
1,360
1,414
This item also includes expenses for other network members of the Group auditor, e.g. for the audit of financial statements of subsidiaries. Other assurance services include expenses for various projects. Other services primarily include expenses in connection with strategic projects.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-157": { "value": "
30.
Number of staff
The average numbers of staff in the financial year are as follows:
2025/26
2024/25
Waged workers
9,288
8,836
Salaried employees
3,962
4,425
Total
13,250
13,261
The calculation of the number of staff includes an average of 954 leased personnel for the financial year 2025/26 and an average of 255 for the financial year 2024/25.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-158": { "value": "
The increase in cost of sales by \u20ac\u00a0175.6\u00a0million to \u20ac\u00a01,587.3\u00a0million results from higher revenue but primarily also from an increase in personnel and material costs. In addition, research and development expenses rose, with AT&S investing\u20ac\u00a0174.7\u00a0million in research and development in the financial year 2025/26 (previous year: \u20ac\u00a0137.1\u00a0million) in preparation for future technology generations and to pursue the modularization strategy. These expenditures make the Company future-proof and significantly expand the earnings potential in the medium term.
Positive currency effects increased the rise in cost of sales by \u20ac\u00a072.9\u00a0million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } }, "fact-159": { "value": "
The operating result (EBIT) dropped by \u20ac\u00a0211.8\u00a0million or 76.3% to \u20ac\u00a065.6\u00a0million (previous year: \u20ac\u00a0277.4\u00a0million) due to the above-mentioned effects. When adjusting the prior-year EBIT for the gains on the disposal of the plant in Ansan, it shows an improvement in earnings of \u20ac\u00a0113.0\u00a0million.\u00a0
The EBIT margin decreased by 13.8\u00a0percentage points to 3.7% (previous year: 17.5%). Adjusted for the gains on the disposal of affiliated companies in the previous year, the EBIT margin amounted to -3.0%, which would correspond to an improvement by 6.7 percentage points.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:529900EVOKN4LCCD9321", "period": "2025-04-01T00:00:00/2026-04-01T00:00:00" } } } }