{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ccep": "http://www.cocacolaep.com/20251231", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://www.cocacolaep.com/20251231/549300LTH67W4GWMRF57-2025-12-31.xsd" ] }, "facts": { "f-1": { "value": "
Remuneration outcomes for 2025
The following pages set out details of the remuneration received by Directors for the
financial year ending 31 December 2025. Prior year figures have also been shown.
Audited\u00a0sections of the report have been identified.
The Directors\u2019 remuneration in 2025 was awarded in line with the remuneration policy,
which\u00a0was approved by shareholders at the AGM in May 2023.
Single figure table for Executive Directors (audited)
Individual
Year
Salary
(\u00a3000)
Taxable
benefits
(\u00a3000)
Pension
(\u00a3000)
Fixed pay
(\u00a3000)
Annual
bonus
(\u00a3000)
Long-term
incentives
(\u00a3000)
Variable
remuneration
(\u00a3000)
Total
remuneration
(\u00a3000)
Damian
Gammell
2025(A)
1,285
72
27
1,384
2,161
6,306(B)
8,467
9,851
2024
1,260
75
28
1,363
2,343
10,196(C)
12,539
13,902
(A) Malus and clawback provisions were not exercised during the year.
(B) Estimated value based on three month average share price and exchange rate at 31 December 2025 of
US$90.33 (\u00a367.91) and includes \u00a3419,000 cash payment in respect of dividend equivalents to be paid on the
vested Shares. Number will be restated in 2026\u2019s single figure table to show the final value on the vesting
date of 13 March 2026. Around \u00a32,289,000 of the vest value is attributable to share price appreciation.
(C) Value based on share price and exchange rate on vest date of 10 March 2025 of US $80.95 (\u00a362.81) and
includes \u00a3682,000 cash payment in respect of dividend equivalents to be paid on the vested Shares.
Around \u00a34,176,000 of the vest value is attributable to share price appreciation.
Notes to the single figure table for Executive Directors (audited)
Base salary
Damian Gammell received a salary increase of 2.0% from \u00a31,266,269 to \u00a31,291,594 effective
from 1\u00a0April 2025. This increase was aligned with the merit increase provided to the wider
GB workforce of 2.0%.
Taxable benefits
During the year, Damian Gammell received the following main benefits: car allowance
(\u00a314,000), financial planning allowance (\u00a310,000), schooling allowance (\u00a325,000 net) and
family private medical coverage (\u00a31,000).
Pension
The pension provisions that applied to Damian Gammell in 2025 were aligned to all other
GB\u00a0employees, albeit subject to a monetary cap. Damian Gammell elected to receive
a\u00a0contribution into the pension scheme up to the annual allowance with the balance up
to\u00a0the maximum allowed by the remuneration policy as a cash allowance. This equates
to\u00a0a\u00a0total payment of \u00a330,000 from CCEP inclusive of employer National Insurance
contributions (i.e. the actual benefit received by Damian Gammell is less than
\u00a330,000\u00a0per\u00a0year).
Annual bonus
Around 11,500 people across the organisation participate in the Group annual bonus
(around\u00a038%(A) of our total workforce). Around two-thirds(A) of our employees participate in
annual variable remuneration plans in total, including the annual bonus, sales incentive
plans (around 17%(A) of our people), and local incentive plans (around 25%(A) of our people).
(A) Excludes the Philippines.
Overview of CCEP\u2019s annual bonus design
The 2025 CCEP annual bonus plan was designed to incentivise the delivery of the business
strategy and comprised the following elements:
Business Performance Factor (BPF) \u2013 Provides alignment with our core objectives to
deliver strong financial performance against our main financial performance indicators of
operating profit (50%), revenue (30%) and operating free cash flow (20%).
Individual Performance Factor (IPF) \u2013 Individual objectives were also set for Damian
Gammell, focused on a number of areas which are aligned to key longer-term strategic
objectives of the business.
In line with the remuneration policy, Damian Gammell had a target bonus opportunity
of\u00a0150% of\u00a0salary. Actual payments range from zero to a maximum of 360% of salary
depending on the extent to which business and individual performance measures
were\u00a0achieved.
Target
bonus
(150% of
base salary)
BPF
(0x to 2.0x)
IPF
(0x to 1.2x)
Final
bonus
outcome
(0% to 360%
of base salary)
2025 annual bonus outcome \u2013 BPF
As set out in the Statement from the Remuneration Committee Chairman on page 93,
overall performance in 2025 has been solid. This has been reflected in the annual bonus
outcome, with performance for all three financial measures being within the target range.
Performance targets
Performance outcomes
Measure
Weighting
Threshold
(0.25x multiplier)
Target
(1x multiplier)
Maximum
(2x multiplier)
Actual
outcome
Multiplier
achieved
Operating
profit (A)
50%
\u20ac2,776m
\u20ac2,909m
\u20ac3,043m
\u20ac2,938m
1.21x
Revenue(B)
30%
\u20ac21,052m
\u20ac21,883m
\u20ac22,314m
\u20ac21,550m
0.70x
Operating
free cash
flow (C)
20%
\u20ac2,539m
\u20ac2,730m
\u20ac2,921m
\u20ac2,732m
1.01x
Total
100%
1.02x
(A) Comparable operating profit on a FX neutral basis at budget rates.
(B) Revenue on a FX neutral basis at budget rates.
(C) Comparable operating profit before depreciation and amortisation and adjusting for capital expenditures,
restructuring cash expenditures and changes in operating working capital, on an FX neutral basis at
budget\u00a0rates.
2025 annual bonus outcome \u2013 IPF
To determine an appropriate IPF, the Chairman of the Board assesses Damian Gammell\u2019s
performance against the individual performance objectives that were set at the start of
the year. The outcome is then discussed with and recommended by the Committee for
final approval by the Board.
Damian Gammell once again provided exceptional leadership of the business during 2025
within a very challenging external environment. He delivered strongly against his specific
individual objectives outlined in the table to the right, but also led the business strongly
across all areas despite macro and geopolitical challenges. This has resulted not only in
strong business performance but delivered record levels of employee engagement in what
continues to be a more diverse organisation. Taking all relevant factors into account the
Board determined that his IPF should be set at 1.10x for the year.
Further details of some of the specific objectives achieved, which link to our strategic
pillars (great brands, great people, great execution, done sustainably), are included in the
table opposite.
2025 objectives
Performance delivered
Strategic
objective
Grow in volume and
volume share
Some challenges on growing volume share but overall
volume increased by 2.7% on a comparable basis.
\"GB_New.gif\"
Competitiveness and
productivity plans
2025 plan that was agreed with the Board delivered.
\"GP_New.gif\"
Operational targets
relating to specific
markets
Transformation plan in Indonesia delivered as planned,
including route to market transformation, and network and
logistics optimisation.
\"GE_New.gif\"
Digital long range plan
New AI and Digital long range plan launched; AI tool rolled
out for CCEP employees; sales force of the future review
completed; appointed to KO digital board.
\"DS_New.gif\"
Link to strategy
\"GB_New.gif\"
Great brands
\"GP_New.gif\"
Great people
\"GE_New.gif\"
Great execution
\"DS_New.gif\"
Done sustainably
Single figure table for NEDs (audited)
The following table sets out the total fees and taxable benefits received by the Chairman
and NEDs for the year ended 31 December 2025. Prior year figures are also shown.
2025 (\u00a3\u2019000)
2024 (\u00a3\u2019000)
Individual
Base fee
Chairman/
Committee
fees
Taxable
benefits (C)
Total fees
Base fee
Chairman/
Committee
fees
Taxable
benefits (C)
Total fees
Sol Daurella
611
32
7
650
597
32
2
631
Robert Appleby(A)
54
20
8
82
\u2014
\u2014
\u2014
\u2014
Manolo Arroyo
89
33
7
129
87
32
2
121
Guillaume Bacuvier
89
17
8
114
87
10
1
98
John Bryant
89
54
13
156
87
54
12
153
Jos\u00e9 Ignacio Comenge
89
17
13
119
87
16
7
110
Nathalie Gaveau
89
32
8
129
87
32
2
121
\u00c1lvaro G\u00f3mez-Tr\u00e9nor
Aguilar
89
0
14
103
87
0
8
95
Mary Harris
89
45
15
149
87
32
11
130
Thomas H. Johnson
122
52
10
184
120
52
10
182
Dagmar Kollmann(B)
35
21
2
58
87
52
13
152
Alfonso L\u00edbano Daurella
89
16
6
111
87
16
1
104
Nicolas Mirzayantz
89
33
13
135
87
32
3
122
Mark Price
89
32
4
125
87
32
8
127
Nancy Quan
89
16
16
121
87
16
8
111
Mario Rotllant Sol\u00e1
89
36
13
138
87
36
5
128
Dessi Temperley
89
37
10
136
87
37
11
135
(A) Appointed to the Board on 22 May 2025.
(B) Resigned from the Board on 22 May 2025.
(C) Taxable benefits mainly relate to travel and accommodation costs in respect of attendance at Board
meetings with FX rates used as at the date of the relevant meeting.
Implementation of remuneration policy for 2026
The Committee annually reviews the incentive structure for senior management,
including\u00a0the measures and targets, to ensure they do not raise environmental, social
and\u00a0governance risks by inadvertently motivating irresponsible behaviour.
Base salary
Damian Gammell will receive a 2.0% salary increase effective 1 April 2026. This is lower than
the salary budget provided for the GB workforce of 3.0%.
Individual
2025 salary
2026 salary
(effective from 1 April)
% increase
Damian Gammell
\u00a31,291,594
\u00a31,317,426
2.0%
Taxable benefits
No significant changes to the provision of benefits are proposed for 2026. The main
benefits for\u00a0Damian Gammell will continue to include allowances in respect of: a car,
financial planning, schooling and private healthcare.
Pension
Damian Gammell will receive a contribution into the pension scheme up to the annual
allowance, with the balance up to the maximum allowed by the remuneration policy (12%
of\u00a0salary), subject to approval of the remuneration policy at the AGM, as a cash allowance.
No other changes are proposed.
Annual bonus
No changes have been made to the structure of the annual bonus plan for 2026, and
the\u00a0opportunity for Damian Gammell will remain unchanged at 150% of salary for target
performance and 360% for maximum performance.
Performance will continue to be assessed against financial and individual performance
measures on a multiplicative basis as set out on page 108. The financial measures and
relative weightings will also remain unchanged.
Measure
Definition
Weighting
Operating profit
Comparable operating profit on a FX neutral basis
at\u00a0budget rates
50%
Revenue
Revenue on a FX neutral basis at budget rates
30%
Operating free
cash\u00a0flow
Comparable operating profit before depreciation and
amortisation and adjusting for capital expenditures,
restructuring cash expenditures and changes in
operating working capital, on a\u00a0FX neutral basis at
budget rates
20%
In determining the IPF for Damian Gammell for 2026, he will be assessed against a number
of objectives which are aligned to the key longer-term strategic objectives of the business,
which include:
Objectives include:
Strategic objective
\u25a0 Growth in sparkling volume share and volume
\"GB_New.gif\"
\u25a0Competitiveness targets as agreed with the Board
\"GP_New.gif\"
\u25a0Operational targets relating to our markets
\"GE_New.gif\"
\u25a0Board approved AI and new tech strategy
\"DS_New.gif\"
Link to strategy
\"GB_New.gif\"
Great
brands
\"GP_New.gif\"
Great
people
\"GE_New.gif\"
Great
execution
\"DS_New.gif\"
Done
sustainably
The actual financial targets are not disclosed prospectively, as they are deemed commercially
sensitive. We intend to disclose them in our 2026 ARR. A fuller description of individual
performance objectives, including specific quantitative measures (where appropriate) and their
outcomes, will also be disclosed in our 2026 ARR.
Note 16
Post-employment benefits
The cost of providing benefits is determined using the projected unit credit method,
with\u00a0actuarial valuations being carried out at the end of each annual reporting period.
All\u00a0remeasurements of the defined benefit obligation, such as actuarial gains and losses
and return on plan assets, are recognised directly in other comprehensive income.
Remeasurements recognised in other comprehensive income are reflected immediately
in\u00a0retained earnings and are not reclassified to profit or loss. Service cost is presented
within cost of sales, selling and distribution expenses and administrative expenses in the
consolidated income statement. Past service cost is recognised immediately within cost
of\u00a0sales, selling and distribution expenses, and administrative expenses in the consolidated
income statement. The net interest cost is calculated by applying the discount rate to the
net balance of the defined benefit obligation and the fair value of plan assets. Net interest
cost is presented within finance costs or finance income, as applicable, in the consolidated
income statement. The defined benefit obligation recognised in the consolidated
statement of financial position represents the present value of the estimated future cash
outflows, using interest rates of high quality corporate bonds which have terms to maturity
approximating the terms of the related liability.
The Group recognises termination benefits at the earlier of the following dates:
(1)\u00a0when\u00a0the\u00a0Group can no longer withdraw the offer of those benefits; and (2) when the
Group recognises costs for restructuring that are within the scope of IAS 37 - Provisions,
Contingent Liabilities and Contingent Assets and involves the payment of termination
benefits. In the case of an offer made to encourage voluntary redundancy, the termination
benefits are measured based on the number of employees expected to accept the offer.
Termination benefits are payable whenever an employee\u2019s employment is terminated before
the normal retirement date or whenever an employee accepts voluntary redundancy in
exchange for those benefits.
The following table summarises our non-current employee benefit liabilities as at the
dates\u00a0presented:
Year ended 31 December
2025
2024
GB
Rest of world
Total
GB
Rest of world
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Retirement benefit
obligation
53
65
118
55
82
137
Other employee benefit
liabilities
\u2014
32
32
\u2014
35
35
Total non-current employee
benefit liabilities
53
97
150
55
117
172
Defined benefit plans
The Group sponsors a number of defined benefit pension plans in Belgium, France,
Germany, Great Britain, Luxembourg, Norway, Australia, Indonesia and the Philippines.
The\u00a0majority of the defined benefit plans are either career average, final salary or hybrid
plans, and operate on a funded basis with assets held in external funds. The Group\u2019s
Great\u00a0Britain plan (GB Scheme) is the most significant.
The GB Scheme\u2019s defined benefit obligation includes benefits for current employees,
former employees and current pensioners. The level of benefits provided (funded final
salary pension) depends on the member\u2019s length of service and salary at retirement age.
Part of the pension may be exchanged for a tax free cash lump sum. The GB Scheme was
closed to new members with effect from 1 October 2005 and is administered by a board
of\u00a0trustees, which is legally separate from the Group. The board of trustees is composed
of\u00a0representatives of both the employer and employees. The board of trustees is
required\u00a0by law to act in the interest of all relevant beneficiaries and is responsible
for\u00a0the\u00a0investment policy with regard to the assets plus the day to day administration
of\u00a0the\u00a0benefits.
On 8 October 2020, the Group announced a proposal to close the GB Scheme to future
accrual, which was implemented on 31 March 2021. The affected employees were offered
to enrol in the Group\u2019s defined contribution scheme (DC scheme). Subsequent to the
implementation of the closure of the GB Scheme, the members moved from active to
deferred status, with future indexation of deferred pensions before retirement measured
by reference to the consumer price index (CPI).
As part of its risk management strategy, in September 2023, the board of trustees entered
into\u00a0a buy-in agreement with Just Retirement Ltd to acquire an insurance policy with the intent
of matching a specific portion of the GB Scheme\u2019s future cash flows arising from the accrued
pension liabilities of retired members. The transaction was financed entirely using a portion
of\u00a0the existing plan assets, with no further funding required from the Group. On an IAS 19 -
Employee Benefits basis, the subsequent fair value of the insurance policy matches the present
value of the liabilities being insured, which totalled \u20ac224 million as at 31\u00a0December\u00a02025 and
\u20ac242 million as at 31\u00a0December\u00a02024.
A full actuarial valuation of the GB Scheme occurs on a triennial basis by a qualified
external actuary, which is used as the basis for determining the Group\u2019s future
contributions to the plan. The latest triennial valuation was carried out as at 5\u00a0April 2025
and has been updated to 31\u00a0December\u00a02025 to reflect our defined benefit obligation,
for\u00a0known events and changes in market conditions as allowed under IAS 19.
Risks
The Group\u2019s defined benefit pension schemes expose the Group to a number of
risks,\u00a0including:
\u25a0 Asset volatility: The plan liabilities are calculated using a discount rate set with
reference to corporate bond yields; if assets underperformed this yield, a deficit would
occur. Some of our plans hold a significant proportion of growth assets (equities and
property) which, though expected to outperform corporate bonds in the long term,
create volatility and risk in the short term. The allocation to growth assets is monitored
to ensure it remains appropriate given each scheme\u2019s long-term objectives.
\u25a0 Changes in bond yields: A decrease in corporate bond yields will increase the defined
benefit liability, although this will be partially offset by an increase in the value of the
plan\u2019s bond holdings.
\u25a0 Inflation risk: A significant proportion of our benefit obligations are linked to inflation, and
higher inflation will lead to higher liabilities (although, in most cases, caps on the level of
inflationary increases are in place to protect against extreme inflation). The majority of the
assets are either unaffected by or only loosely correlated with inflation, meaning that an
increase in inflation will also increase the deficit.
\u25a0 Life expectancy: The majority of our plans have an obligation to provide benefits for
the\u00a0life of the member, so increases in life expectancy will result in an increase in the
defined benefit liabilities.
Benefit costs
The following table summarises the expense related to pension plans recognised in the
consolidated income statement for the years presented:
Year ended 31 December
2025
2024
2023
GB
Rest of
world
Total
GB
Rest of
world
Total
GB
Rest of
world
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Service cost
\u2014
19
19
\u2014
19
19
\u2014
14
14
Past service
(credit)/cost
\u2014
(6)
(6)
(5)
2
(3)
\u2014
(7)
(7)
Net interest cost/
(income)
3
(3)
\u2014
4
(1)
3
(1)
(1)
(2)
Administrative
expenses
\u2014
1
1
\u2014
1
1
\u2014
1
1
Total cost
3
11
14
(1)
21
20
(1)
7
6
Other comprehensive income
The following table summarises the changes in other comprehensive income related to our
pension plans for the years presented:
Year ended 31 December
2025
2024
2023
GB
Rest of
world
Total
GB
Rest of
world
Total
GB
Rest of
world
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Actuarial (gain)/loss
on\u00a0defined benefit
obligation arising
during the period
(7)
(35)
(42)
(151)
(24)
(175)
39
32
71
Return on plan
assets less/(greater)
than discount rate
16
9
25
139
(25)
114
65
(28)
37
Net charge to other
comprehensive income
9
(26)
(17)
(12)
(49)
(61)
104
4
108
Benefit obligation and fair value of plan assets
The following tables summarise the changes in the pension plan benefit obligation and the fair value of plan assets for the periods presented:
Year ended 31 December
2025
2024
GB
Rest of world
Total
GB
Rest of world
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Reconciliation of benefit obligation:
Benefit obligation at beginning
of plan year
909
596
1,505
1,008
548
1,556
Service cost
\u2014
19
19
\u2014
19
19
Past service (credit)/cost
\u2014
(6)
(6)
(5)
2
(3)
Interest costs on defined
benefit obligation
48
19
67
46
18
64
Plan participants\u2019 contributions
\u2014
73
73
\u2014
31
31
Actuarial loss/(gain) \u2013 experience
4
(9)
(5)
(1)
(3)
(4)
Actuarial loss/(gain) \u2013
demographic assumptions
5
\u2014
5
(1)
\u2014
(1)
Actuarial gain \u2013 financial
assumptions
(16)
(26)
(42)
(149)
(21)
(170)
Benefit payments
(36)
(78)
(114)
(33)
(73)
(106)
Administrative expenses
\u2014
1
1
\u2014
1
1
Acquisition of CCBPI
\u2014
\u2014
\u2014
\u2014
72
72
Currency translation
adjustments
(44)
(15)
(59)
44
2
46
Benefit obligation at end of plan year
870
574
1,444
909
596
1,505
Year ended 31 December
2025
2024
GB
Rest of world
Total
GB
Rest of world
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Reconciliation of fair value
of plan assets:
Fair value of plan assets at beginning
of plan year
854
690
1,544
931
601
1,532
Interest income on plan assets
45
22
67
42
19
61
Return on plan assets (less)/
greater than discount rate
(16)
(9)
(25)
(139)
25
(114)
Plan participants\u2019 contributions
\u2014
73
73
\u2014
31
31
Employer contributions
12
28
40
11
29
40
Benefit payments
(36)
(78)
(114)
(33)
(73)
(106)
Acquisition of CCBPI
\u2014
\u2014
\u2014
\u2014
57
57
Currency translation adjustment
(42)
(11)
(53)
42
1
43
Fair value of plan assets at end
of plan year
817
715
1,532
854
690
1,544
Timing of benefit payments
The weighted average duration of the defined benefit plan obligation as at
31\u00a0December\u00a02025 is\u00a013 years, including 15 years for the GB Scheme. The weighted average
duration of the defined benefit plan obligation as at 31\u00a0December\u00a02024 was 15 years,
including 16 years for the GB\u00a0Scheme.
Retirement benefit status
The following table summarises the retirement benefit status of pension plans as at the
dates presented:
Year ended 31 December
2025
2024
GB
Rest of world
Total
GB
Rest of world
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Net benefit status:
Present value of obligation
(870)
(574)
(1,444)
(909)
(596)
(1,505)
Fair value of assets
817
715
1,532
854
690
1,544
Net benefit status:
(53)
141
88
(55)
94
39
Retirement benefit surplus (Note
26 )
\u2014
206
206
\u2014
176
176
Retirement benefit obligation
(53)
(65)
(118)
(55)
(82)
(137)
The surplus for 2025 is primarily related to the defined benefit plans in Germany and
Belgium. The surplus is recognised on the balance sheet on the basis that the Group is
entitled to a refund of any remaining assets once all members have left the plan.
Actuarial assumptions
The following tables summarise the weighted average actuarial assumptions used to
to\u00a0determine the benefit obligations of pension plans as at the dates presented:
Year ended 31 December
2025
2024
GB
Rest of world
Average
GB
Rest of world
Average
Financial assumptions
%
%
%
%
%
%
Discount rate
5.6
4.6
5.3
5.5
4.2
5.0
Rate of compensation increase
N/A
3.6
3.6
N/A
3.9
3.9
Rate of price inflation
3.0
2.1
2.7
3.1
2.1
2.8
Year ended 31 December
2025
2024
Demographic assumptions
(weighted average) (A)
GB
Rest of world
Average
GB
Rest of world
Average
Retiring at the end
of the reporting period
Male
21.8
19.9
21.3
21.4
19.9
21.0
Female
23.8
23.2
23.7
24.0
23.2
23.8
Retiring 15 years after the end
of the reporting period
Male
22.9
20.9
22.4
22.3
20.9
21.9
Female
25.5
24.0
25.1
25.1
24.0
24.8
(A) These assumptions translate into an average life expectancy in years, post-retirement, for an employee
retiring at age 65.
The following tables summarise the sensitivity of the defined benefit obligation to changes
in the weighted average principal assumptions for the periods presented:
Year ended 31 December 2025
Change in
assumption
Impact on defined benefit obligation (%)
Increase in assumption
Decrease in assumption
Principal assumptions
GB
Rest of
world
Average
GB
Rest of
world
Average
Discount rate
0.5%
(6.6)
(3.7)
(5.5)
7.2
4.0
5.9
Rate of compensation
increase (A)
0.5%
N/A
1.7
0.7
N/A
(1.6)
(0.6)
Rate of price inflation
0.5%
4.8
2.5
3.9
(6.2)
(2.3)
(4.7)
Mortality rates
1 year
2.3
1.4
2.0
(2.4)
(2.0)
(2.2)
Year ended 31 December 2024
Change in
assumption
Impact on defined benefit obligation (%)
Increase in assumption
Decrease in assumption
Principal assumptions
GB
Rest of
world
Average
GB
Rest of
world
Average
Discount rate
0.5%
(7.2)
(4.2)
(6.0)
7.8
4.6
6.5
Rate of compensation
increase (A)
0.5%
N/A
2.1
0.8
N/A
(2.0)
(0.8)
Rate of price inflation
0.5%
5.6
1.5
4.0
(5.0)
(1.4)
(3.6)
Mortality rates
1 year
2.6
1.6
2.2
(2.6)
(1.6)
(2.2)
(A) The compensation increase assumption is no longer applicable to the valuation of the defined benefit
obligation associated with the GB Scheme in light of the plan closure effective 31 March 2021.
The sensitivity analyses have been determined based on a method that extrapolates
the\u00a0impact on the defined benefit obligation as a result of reasonable changes in key
assumptions occurring at the end of the reporting period. The sensitivity analyses are
based on a change in a significant assumption, keeping all other assumptions constant.
The\u00a0sensitivity analyses may not be representative of an actual change in the defined
benefit obligation, as it is unlikely that changes in assumptions would occur in isolation
from\u00a0one another.
Pension plan assets
There are formal investment policies for the assets associated with our pension plans.
Policy objectives include: (1) maximising long-term return at acceptable risk levels;
(2)\u00a0diversifying among asset classes, if appropriate, and among investment managers;
and\u00a0(3) establishing relevant risk parameters within each asset class. Investment policies
reflect the unique circumstances of the respective plans and include requirements
designed to mitigate risk, including quality and diversification standards. Asset allocation
targets are based on periodic asset liability and/or risk budgeting study results, which help
determine the appropriate investment strategies for acceptable risk levels. The investment
policies permit variances from the targets within certain parameters.
The following table summarises pension plan assets measured at fair value as at the dates presented:
Year ended 31 December 2025
Year ended 31 December 2024
Total
Investments quoted in\u00a0active\u00a0markets
Unquoted investments
Total
Investments quoted in\u00a0active\u00a0markets
Unquoted investments
GB
Rest of world
GB
Rest of world
GB
Rest of world
GB
Rest of world
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Equity securities (A)
154
\u2014
154
\u2014
\u2014
193
\u2014
193
\u2014
\u2014
Fixed income securities: (B)
Corporate bonds and notes
268
130
138
\u2014
\u2014
229
127
102
\u2014
\u2014
Government bonds(C)
348
693
73
(418)
\u2014
348
628
75
(355)
\u2014
Cash and other short-term investments (D)
52
43
9
\u2014
\u2014
38
22
16
\u2014
\u2014
Other investments:
Real estate funds (E)
158
21
24
107
6
219
22
26
164
7
Insurance contracts(F)
439
\u2014
\u2014
224
215
436
\u2014
\u2014
242
194
Investment funds(G)
96
\u2014
\u2014
\u2014
96
77
\u2014
\u2014
\u2014
77
Derivatives(H)
17
13
\u2014
4
\u2014
4
2
\u2014
2
\u2014
Total
1,532
900
398
(83)
317
1,544
801
412
53
278
(A) Equity securities are comprised of ordinary shares and investments in equity funds. Investments in ordinary shares are valued using quoted market prices multiplied by the number of shares owned. Investments in equity
funds are valued at the net asset value per share, which is calculated predominantly based on the underlying quoted investments market price, multiplied by the number of shares held as of the measurement date.
(B) The fair values of the fixed income securities are determined based on quoted market prices in active markets. Bonds are held mainly in the currency of the geography of the plan.
(C) The unquoted amounts within this category relate to repurchase agreements (where the Scheme has sold government bonds with the agreement to repurchase at a fixed date and price). The commitment to repurchase
the\u00a0government bonds reduces the pension assets and is reflected at fair value based on the repurchase price. The assets sold are reported at their fair value, reflecting that the Scheme retains the risks and rewards
of\u00a0ownership of those assets. The asset portfolio of the GB Scheme was refined during 2022 by entering into repurchase agreement of government bonds in order to better match the Scheme liability and to offset the
exposure to interests and inflation rates, while remaining invested in the assets of similar risk profile.
(D) Cash and other short-term investments are valued at \u20ac1.00/unit, which approximates fair value. Amounts are generally invested in cash or interest bearing accounts.
(E) The valuation of unquoted real estate funds is based on net assets value per share multiplied by the number of shares owned. For quoted real estate funds, the calculation is based on the underlying quoted investments
market price, multiplied by the number of shares held as at the measurement date.
(F) Insurance contracts exactly match the amount and timing of certain benefits and therefore the fair value of these insurance policies is deemed to be the present value of the related obligations.
(G) Primarily includes investments in equity securities, fixed income securities and combinations of both. Fair values are sourced from broker quotes.
(H) The unquoted amounts within derivatives primarily relate to total return swaps, which represent the current value of future cash flows arising from the swap determined using discounted cash flow models and market data
at the reporting date.
Contributions
To support a long-term funding arrangement, during 2019 the Group entered into a
partnership agreement with the GB Scheme and the CCEP Scottish Limited Partnership (the
Partnership). Certain property assets in Great Britain, with a market value of \u00a3171 million,
were transferred into the Partnership and subsequently leased back to the Group\u2019s
operating subsidiary in Great Britain. The GB Scheme receives semi-annual distributions
from the Partnership, increasing each year at a fixed cumulative rate of 3% through to 2034.
The Group exercises control over the Partnership, and as such, it is fully consolidated
in\u00a0these consolidated financial statements. Under IAS 19, the investment held by the
GB\u00a0Scheme in the Partnership does not represent a plan asset for the purposes of these
consolidated financial statements. Similarly, the associated liability is not included in
the\u00a0consolidated statement of financial position; rather, the distributions are recognised
when paid as a contribution to the plan assets of the scheme.
Contributions to pension plans totalled \u20ac40 million, \u20ac40 million and \u20ac32 million during the
years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
Included within the 2025 contribution is\u00a0\u20ac12\u00a0million relating to the Partnership agreement.
The Group expects to make contributions of \u20ac40 million for\u00a0the full year ending
31\u00a0December\u00a02026.
Other employee benefit liabilities
In certain territories, the Group has an early retirement programme designed to create
an\u00a0incentive for employees, within a certain age group, to transition from (full or part time)
employment into retirement before\u00a0their legal retirement age. Furthermore, the Group also
sponsors deferred compensation plans in other territories. The current portion of these
liabilities totalled \u20ac7 million and \u20ac7 million as at 31\u00a0December\u00a02025 and\u00a031\u00a0December\u00a02024,
respectively, and is included within the current portion of employee benefit liabilities.
The\u00a0non-current portion of\u00a0these liabilities totalled \u20ac32 million and \u20ac35 million as at
31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively, and is included within employee
benefit liabilities.
Defined contribution plans
The Group sponsors a number of defined contribution plans across its territories.
Contributions payable for the period are charged to the consolidated income statement
as\u00a0an operating expense for defined contribution plans. Contributions to these plans
totalled \u20ac92 million for the year ended 31\u00a0December\u00a02025, \u20ac88 million for the year ended
31\u00a0December\u00a02024 and \u20ac81 million for the year ended 31\u00a0December 2023.
Staff costs
Staff costs included within the income statement were as follows:
Year ended 31 December
2025
2024
2023
Employee costs
\u20ac million
\u20ac million
\u20ac million
Wages and salaries
1,970
1,993
1,841
Social security costs
383
367
339
Pension and other employee benefits
270
264
253
Total employee costs
2,623
2,624
2,433
Directors\u2019 remuneration information is disclosed in the Directors\u2019 remuneration report.
The average number of persons employed by the Group (including Directors) for the
periods presented were as\u00a0follows:
2025
2024
2023
No. in thousands
No. in thousands
No. in thousands
Commercial
11.9
13.0
11.6
Supply chain
23.9
23.9
17.1
Support functions
4.3
4.4
4.1
Total average staff employed
40.1
41.3
32.8
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-2": { "value": "20901000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-3": { "value": "20438000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-4": { "value": "18302000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-5": { "value": "13461000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-6": { "value": "13227000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-7": { "value": "11582000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-8": { "value": "7440000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-9": { "value": "7211000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-10": { "value": "6720000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-11": { "value": "3349000000.0", "decimals": -6, "dimensions": { "concept": "ccep:SellingAndDistributionExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-12": { "value": "3345000000.0", "decimals": -6, "dimensions": { "concept": "ccep:SellingAndDistributionExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-13": { "value": "3178000000.0", "decimals": -6, "dimensions": { "concept": "ccep:SellingAndDistributionExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-14": { "value": "1402000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-15": { "value": "1734000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-16": { "value": "1310000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-17": { "value": "104000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-18": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-19": { "value": "107000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-20": { "value": "2793000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-21": { "value": "2132000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-22": { "value": "2339000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-23": { "value": "103000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-24": { "value": "85000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-25": { "value": "65000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-26": { "value": "306000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-27": { "value": "272000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-28": { "value": "185000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-29": { "value": "-203000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-30": { "value": "-187000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-31": { "value": "-120000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-32": { "value": "-21000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonOperatingIncomeExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-33": { "value": "-9000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonOperatingIncomeExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-34": { "value": "-16000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonOperatingIncomeExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-35": { "value": "2569000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-36": { "value": "1936000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-37": { "value": "2203000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-38": { "value": "590000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-39": { "value": "492000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-40": { "value": "534000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-41": { "value": "1979000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-42": { "value": "1444000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-43": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-44": { "value": "1942000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-45": { "value": "1418000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-46": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-47": { "value": "37000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-48": { "value": "26000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-49": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-50": { "value": "1979000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-51": { "value": "1444000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-52": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-53": { "value": "4.26", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-54": { "value": "3.08", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-55": { "value": "3.64", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-56": { "value": "4.26", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-57": { "value": "3.08", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-58": { "value": "3.63", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-59": { "value": "1979000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-60": { "value": "1444000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-61": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-62": { "value": "-686000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-63": { "value": "-85000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-64": { "value": "-246000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-65": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-66": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-67": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-68": { "value": "-686000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-69": { "value": "-85000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-70": { "value": "-246000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-71": { "value": "-85000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-72": { "value": "15000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-73": { "value": "21000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-74": { "value": "-23000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-75": { "value": "3000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-76": { "value": "11000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-77": { "value": "-62000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-78": { "value": "12000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-79": { "value": "10000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-80": { "value": "-2000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-81": { "value": "-8000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-82": { "value": "3000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-83": { "value": "-1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToOtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-84": { "value": "-3000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToOtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-85": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToOtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-86": { "value": "-1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-87": { "value": "-5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-88": { "value": "3000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-89": { "value": "-749000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-90": { "value": "-78000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-91": { "value": "-233000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-92": { "value": "17000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-93": { "value": "61000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-94": { "value": "-108000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-95": { "value": "1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-96": { "value": "16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-97": { "value": "-35000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-98": { "value": "16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-99": { "value": "45000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-100": { "value": "-73000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-101": { "value": "16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-102": { "value": "45000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-103": { "value": "-73000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-104": { "value": "-733000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-105": { "value": "-33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-106": { "value": "-306000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-107": { "value": "1246000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-108": { "value": "1411000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-109": { "value": "1363000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-110": { "value": "1274000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-111": { "value": "1385000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-112": { "value": "1363000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-113": { "value": "-28000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-114": { "value": "26000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-115": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-116": { "value": "1246000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-117": { "value": "1411000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-118": { "value": "1363000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-119": { "value": "12490000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-120": { "value": "12749000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-121": { "value": "4536000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-122": { "value": "4687000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-123": { "value": "6155000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-124": { "value": "6434000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-125": { "value": "86000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InvestmentProperty", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-126": { "value": "73000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InvestmentProperty", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-127": { "value": "34000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentDerivativeFinancialAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-128": { "value": "98000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentDerivativeFinancialAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-129": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-130": { "value": "24000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-131": { "value": "487000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherNoncurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-132": { "value": "397000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherNoncurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-133": { "value": "23793000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-134": { "value": "24462000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-135": { "value": "84000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-136": { "value": "102000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-137": { "value": "15000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-138": { "value": "58000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-139": { "value": "1547000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-140": { "value": "1608000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-141": { "value": "99000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-142": { "value": "89000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-143": { "value": "2685000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-144": { "value": "2564000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-145": { "value": "659000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-146": { "value": "458000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-147": { "value": "33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-148": { "value": "46000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-149": { "value": "39000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentInvestments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-150": { "value": "150000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentInvestments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-151": { "value": "918000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-152": { "value": "1563000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-153": { "value": "6079000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-154": { "value": "6638000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-155": { "value": "29872000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-156": { "value": "31100000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-157": { "value": "10224000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-158": { "value": "9940000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-159": { "value": "150000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-160": { "value": "172000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-161": { "value": "56000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-162": { "value": "104000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-163": { "value": "147000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentDerivativeFinancialLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-164": { "value": "161000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentDerivativeFinancialLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-165": { "value": "3321000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-166": { "value": "3498000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-167": { "value": "27000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesNoncurrent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-168": { "value": "30000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesNoncurrent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-169": { "value": "59000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherNoncurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-170": { "value": "61000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherNoncurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-171": { "value": "13984000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-172": { "value": "13966000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-173": { "value": "470000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-174": { "value": "1391000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-175": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentProvisionsForEmployeeBenefits", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-176": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentProvisionsForEmployeeBenefits", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-177": { "value": "140000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherShorttermProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-178": { "value": "246000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherShorttermProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-179": { "value": "99000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-180": { "value": "45000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-181": { "value": "343000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-182": { "value": "301000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-183": { "value": "341000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-184": { "value": "373000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-185": { "value": "6185000000.0", "decimals": -6, "dimensions": { "concept": "ccep:TradeAndOtherCurrentPayablesExcludingCurrentPayablesToRelatedPartiesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-186": { "value": "5786000000.0", "decimals": -6, "dimensions": { "concept": "ccep:TradeAndOtherCurrentPayablesExcludingCurrentPayablesToRelatedPartiesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-187": { "value": "7585000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-188": { "value": "8149000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-189": { "value": "21569000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-190": { "value": "22115000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-191": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-192": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-193": { "value": "308000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-194": { "value": "307000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-195": { "value": "287000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-196": { "value": "287000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-197": { "value": "-1585000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-198": { "value": "-912000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-199": { "value": "8820000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-200": { "value": "8802000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-201": { "value": "7835000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-202": { "value": "8489000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-203": { "value": "468000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-204": { "value": "496000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-205": { "value": "8303000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-206": { "value": "8985000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-207": { "value": "29872000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-208": { "value": "31100000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-209": { "value": "2569000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-210": { "value": "1936000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-211": { "value": "2203000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-212": { "value": "771000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-213": { "value": "751000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-214": { "value": "653000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-215": { "value": "152000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForAmortisationExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-216": { "value": "182000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForAmortisationExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-217": { "value": "139000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForAmortisationExpense", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-218": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-219": { "value": "189000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-220": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-221": { "value": "47000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-222": { "value": "45000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-223": { "value": "57000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-224": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForGainOnSaleOfSubStrataAndAssociatedMineralRights", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-225": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForGainOnSaleOfSubStrataAndAssociatedMineralRights", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-226": { "value": "35000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForGainOnSaleOfSubStrataAndAssociatedMineralRights", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-227": { "value": "104000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-228": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-229": { "value": "54000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-230": { "value": "-203000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-231": { "value": "-187000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-232": { "value": "-120000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-233": { "value": "513000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-234": { "value": "561000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-235": { "value": "509000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-236": { "value": "-227000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivablesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-237": { "value": "37000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivablesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-238": { "value": "-5000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivablesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-239": { "value": "-16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-240": { "value": "-37000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-241": { "value": "6000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-242": { "value": "559000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayablesExcludingTradeAndOtherPayablesToRelatedPartiesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-243": { "value": "158000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayablesExcludingTradeAndOtherPayablesToRelatedPartiesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-244": { "value": "124000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayablesExcludingTradeAndOtherPayablesToRelatedPartiesCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-245": { "value": "-24000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForIncreaseDecreaseInPayablesToAndReceivablesDueFromRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-246": { "value": "89000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForIncreaseDecreaseInPayablesToAndReceivablesDueFromRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-247": { "value": "80000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForIncreaseDecreaseInPayablesToAndReceivablesDueFromRelatedParties", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-248": { "value": "-145000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-249": { "value": "137000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-250": { "value": "-11000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-251": { "value": "-319000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForDecreaseIncreaseInOtherCurrentAssetsAndAdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-252": { "value": "-52000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForDecreaseIncreaseInOtherCurrentAssetsAndAdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-253": { "value": "38000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AdjustmentsForDecreaseIncreaseInOtherCurrentAssetsAndAdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-254": { "value": "2953000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-255": { "value": "3061000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-256": { "value": "2806000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-257": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-258": { "value": "1524000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-259": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-260": { "value": "750000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-261": { "value": "791000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-262": { "value": "672000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-263": { "value": "200000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-264": { "value": "148000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-265": { "value": "140000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-266": { "value": "168000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-267": { "value": "15000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-268": { "value": "101000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-269": { "value": "2000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-270": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-271": { "value": "37000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-272": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromDisposalOfExplorationAndEvaluationAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-273": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromDisposalOfExplorationAndEvaluationAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-274": { "value": "35000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromDisposalOfExplorationAndEvaluationAssets", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-275": { "value": "92000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-276": { "value": "420000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-277": { "value": "-342000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-278": { "value": "6000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-279": { "value": "6000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-280": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-281": { "value": "61000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-282": { "value": "74000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-283": { "value": "58000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-284": { "value": "1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-285": { "value": "3000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-286": { "value": "-9000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-287": { "value": "-632000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-288": { "value": "-1957000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-289": { "value": "-937000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-290": { "value": "1327000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-291": { "value": "1008000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-292": { "value": "694000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-293": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-294": { "value": "468000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-295": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-296": { "value": "1824000000.0", "decimals": -6, "dimensions": { "concept": "ccep:RepaymentsOnThirdPartyBorrowingsCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-297": { "value": "1207000000.0", "decimals": -6, "dimensions": { "concept": "ccep:RepaymentsOnThirdPartyBorrowingsCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-298": { "value": "1159000000.0", "decimals": -6, "dimensions": { "concept": "ccep:RepaymentsOnThirdPartyBorrowingsCCEP", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-299": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:ProceedsFromSettlementOfDebtRelatedCrossCurrencySwaps", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-300": { "value": "66000000.0", "decimals": -6, "dimensions": { "concept": "ccep:ProceedsFromSettlementOfDebtRelatedCrossCurrencySwaps", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-301": { "value": "69000000.0", "decimals": -6, "dimensions": { "concept": "ccep:ProceedsFromSettlementOfDebtRelatedCrossCurrencySwaps", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-302": { "value": "162000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-303": { "value": "157000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-304": { "value": "148000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-305": { "value": "236000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-306": { "value": "249000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-307": { "value": "182000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-308": { "value": "927000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-309": { "value": "910000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-310": { "value": "841000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-311": { "value": "1006000000.0", "decimals": -6, "dimensions": { "concept": "ccep:PaymentsToAcquireEntitysSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-312": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:PaymentsToAcquireEntitysSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-313": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:PaymentsToAcquireEntitysSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-314": { "value": "40000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-315": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-316": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-317": { "value": "1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-318": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-319": { "value": "43000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-320": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AcquisitionOfNonControllingInterest", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-321": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AcquisitionOfNonControllingInterest", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-322": { "value": "282000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AcquisitionOfNonControllingInterest", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-323": { "value": "-23000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-324": { "value": "-23000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-325": { "value": "-16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-326": { "value": "-2890000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-327": { "value": "-973000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-328": { "value": "-1822000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-329": { "value": "-569000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-330": { "value": "131000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-331": { "value": "47000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-332": { "value": "-76000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-333": { "value": "13000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-334": { "value": "-15000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-335": { "value": "1563000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-336": { "value": "1419000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-337": { "value": "1387000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-338": { "value": "918000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-339": { "value": "1563000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-340": { "value": "1419000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-341": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-342": { "value": "234000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-343": { "value": "287000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-344": { "value": "-507000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-345": { "value": "7428000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-346": { "value": "7447000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-347": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-348": { "value": "7447000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-349": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-350": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-351": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-352": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-353": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-354": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-355": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-356": { "value": "1669000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-357": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-358": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-359": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-360": { "value": "-233000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-361": { "value": "-73000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-362": { "value": "-306000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-363": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-364": { "value": "-306000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-365": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-366": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-367": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-368": { "value": "-233000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-369": { "value": "1596000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-370": { "value": "1363000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-371": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-372": { "value": "1363000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-373": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-374": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-375": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-376": { "value": "114000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-377": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-378": { "value": "114000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-379": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-380": { "value": "114000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-381": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-382": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-383": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-384": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-385": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-386": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-387": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-388": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-389": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-390": { "value": "42000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-391": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-392": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-393": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-394": { "value": "42000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-395": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-396": { "value": "42000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-397": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-398": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-399": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-400": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-401": { "value": "54000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-402": { "value": "54000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-403": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-404": { "value": "54000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-405": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-406": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-407": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-408": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-409": { "value": "-4000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-410": { "value": "-4000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-411": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-412": { "value": "-4000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-413": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-414": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-415": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-416": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-417": { "value": "-1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-418": { "value": "-1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-419": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-420": { "value": "-1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-421": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-422": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-423": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-424": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-425": { "value": "844000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-426": { "value": "844000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-427": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-428": { "value": "844000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-429": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-430": { "value": "276000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-431": { "value": "287000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-432": { "value": "-823000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-433": { "value": "8231000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-434": { "value": "7976000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-435": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-436": { "value": "7976000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-437": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-438": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-439": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-440": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-441": { "value": "1418000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-442": { "value": "1418000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-443": { "value": "26000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-444": { "value": "1444000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-445": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-446": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-447": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-448": { "value": "-78000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-449": { "value": "45000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-450": { "value": "-33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-451": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-452": { "value": "-33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-453": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-454": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-455": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-456": { "value": "-78000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-457": { "value": "1463000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-458": { "value": "1385000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-459": { "value": "26000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-460": { "value": "1411000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-461": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-462": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-463": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-464": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-465": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-466": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-467": { "value": "468000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-468": { "value": "468000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestEstablishedInConnectionWithTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-469": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-470": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-471": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-472": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-473": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-474": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-475": { "value": "2000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-476": { "value": "2000000.0", "decimals": -6, "dimensions": { "concept": "ccep:NonControllingInterestAssumedAsPartOfTheAcquisition", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-477": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-478": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-479": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-480": { "value": "-2000000.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-481": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-482": { "value": "-2000000.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-483": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-484": { "value": "-2000000.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughHedgeGainLossTransferredDueToBusinessCombination", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-485": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-486": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-487": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-488": { "value": "20000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-489": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-490": { "value": "20000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-491": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-492": { "value": "20000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonfinancialAssetLiabilityOrFirmCommitmentForWhichFairValueHedgeAccountingIsApplied", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-493": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-494": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-495": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-496": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-497": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-498": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-499": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-500": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-501": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-502": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-503": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-504": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-505": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-506": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-507": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-508": { "value": "31000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-509": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-510": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-511": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-512": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-513": { "value": "-16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-514": { "value": "-16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-515": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-516": { "value": "-16000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-517": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-518": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-519": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-520": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-521": { "value": "42000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-522": { "value": "42000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-523": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-524": { "value": "42000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-525": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-526": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-527": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-528": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-529": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-530": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-531": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-532": { "value": "7000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-533": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-534": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-535": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-536": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-537": { "value": "911000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-538": { "value": "911000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-539": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-540": { "value": "911000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-541": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-542": { "value": "307000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-543": { "value": "287000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-544": { "value": "-912000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-545": { "value": "8802000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-546": { "value": "8489000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-547": { "value": "496000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-548": { "value": "8985000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-549": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-550": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-551": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-552": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-553": { "value": "1942000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-554": { "value": "1942000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-555": { "value": "37000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-556": { "value": "1979000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-557": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-558": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-559": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-560": { "value": "-682000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-561": { "value": "14000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-562": { "value": "-668000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-563": { "value": "-65000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-564": { "value": "-733000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-565": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-566": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-567": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-568": { "value": "-682000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-569": { "value": "1956000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-570": { "value": "1274000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-571": { "value": "-28000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-572": { "value": "1246000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-573": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-574": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-575": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-576": { "value": "12000000.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-577": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-578": { "value": "12000000.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-579": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-580": { "value": "12000000.0", "decimals": -6, "dimensions": { "concept": "ccep:CashFlowHedgeGainsLossesTransferredToCostOfInventories", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-581": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-582": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-583": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-584": { "value": "-3000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-585": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-586": { "value": "-3000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-587": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-588": { "value": "-3000000.0", "decimals": -6, "dimensions": { "concept": "ccep:AmountRemovedFromReserveOfCashFlowHedgesAndIncludedInInitialCostOrOtherCarryingAmountOfNonFinancialAssetLiabilityTaxEffect", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-589": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-590": { "value": "1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-591": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-592": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-593": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-594": { "value": "1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-595": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-596": { "value": "1000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-597": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-598": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-599": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-600": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-601": { "value": "-10000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-602": { "value": "-10000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-603": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-604": { "value": "-10000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-605": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-606": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-607": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-608": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-609": { "value": "43000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-610": { "value": "43000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-611": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-612": { "value": "43000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-613": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-614": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-615": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-616": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-617": { "value": "6000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-618": { "value": "6000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-619": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-620": { "value": "6000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-621": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-622": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-623": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-624": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-625": { "value": "33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-626": { "value": "33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-627": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-628": { "value": "33000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-629": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-630": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-631": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-632": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-633": { "value": "-1006000000.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-634": { "value": "-1006000000.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-635": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-636": { "value": "-1006000000.0", "decimals": -6, "dimensions": { "concept": "ccep:IncreaseDecreaseThroughPurchaseOfOwnSharesUnderShareBuybackProgramme", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-637": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-638": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-639": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-640": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-641": { "value": "926000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-642": { "value": "926000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-643": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-644": { "value": "926000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-645": { "value": "5000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-646": { "value": "308000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-647": { "value": "287000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:EUR" } }, "f-648": { "value": "-1585000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:EUR" } }, "f-649": { "value": "8820000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f-650": { "value": "7835000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-651": { "value": "468000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-652": { "value": "8303000000.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-654": { "value": "
General information and basis of preparation
Coca-Cola Europacific Partners plc (the Company) and its subsidiaries (together CCEP,
or\u00a0the Group) are a leading consumer goods group in Western Europe and the Asia Pacific
region, making, selling and distributing an extensive range of primarily non-alcoholic ready
to\u00a0drink beverages.
On 23 February 2024, the Group together with Aboitiz Equity Ventures Inc. (AEV) jointly
acquired 100% of Coca-Cola Beverages Philippines, Inc. (CCBPI) (the Acquisition), a wholly
owned subsidiary of The Coca-Cola Company (TCCC). Refer to Note 4 of the 2024
consolidated financial statements for further details about the acquisition of CCBPI.
Coca\u2011Cola Beverages Philippines, Inc. was renamed Coca\u2011Cola Europacific Aboitiz
Philippines, Inc. (CCEAP) effective 13 January 2025.
The Company has ordinary shares with a nominal value of \u20ac0.01 per share (Shares).\u00a0CCEP
is\u00a0a public company limited by shares, incorporated under the laws of England and Wales
with the registered number in England of 09717350. The Group\u2019s Shares are listed and
traded on Euronext Amsterdam, NASDAQ Global Select Market, London Stock Exchange
and\u00a0the Spanish Stock Exchanges. The address of the Company\u2019s registered office
is\u00a0Pemberton House, Bakers Road, Uxbridge, UB8 1EZ, United Kingdom.
The consolidated financial statements of the Group for the year ended 31\u00a0December\u00a02025
were approved and\u00a0signed by Damian\u00a0Gammell, Chief\u00a0Executive\u00a0Officer, on 13 March 2026
having been duly authorised to do so by the Board of\u00a0Directors.
Impact of climate change
As part of the preparation of these consolidated financial statements, the Group has
considered the impact of climate change risks on the current valuation of the Group\u2019s
assets and liabilities, particularly in the context of the risks and scenarios identified in the
European Sustainability Reporting Standards (ESRS) and Task Force on Climate-related
Financial Disclosures (TCFD), included in the Sustainability Statement. There has been no
material impact on the financial reporting judgements and estimates arising from the
considerations of the Group and, as a result, the valuation of the Group\u2019s assets and
liabilities as at 31\u00a0December\u00a02025 have not been affected. The Group\u2019s considerations were
specifically focused on the impact of climate change risks on the projected cash flows
used in the\u00a0impairment assessment of our indefinite lived intangible assets and goodwill
(refer to\u00a0Note 6) as well as the carrying value and useful lives of property, plant and
equipment (refer to Note 7 ). As the pace and effectiveness of a global transition to a low-
carbon economy evolve, including the development of government policies aiming to
address the\u00a0risks arising from climate change, the Group will continue to monitor and
assess the relevant implications on the valuation of the Group\u2019s assets and liabilities that
could arise in\u00a0future years.
Basis of preparation
These consolidated financial statements of the Group reflect the following:
\u25a0 They have been prepared in accordance with UK-adopted International Accounting
Standards, International Financial Reporting Standards (IFRS) as adopted by the
European Union and International Financial Reporting Standards as issued by the
International Accounting Standards Board (IASB).
\u25a0 They have been prepared under the historical cost convention, except for certain items
measured at fair value. Those accounting policies have been applied consistently in all
periods, except for the adoption of new standards and amendments as of 1 January
2025, as described below under accounting policies.
\u25a0 They are presented in euro, which is also the Parent Company\u2019s functional currency, and
all values are rounded to\u00a0the nearest euro million except where otherwise indicated.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-653": { "value": "
General information and basis of preparation
The consolidated financial statements of the Group for the year ended 31\u00a0December\u00a02025
were approved and\u00a0signed by Damian\u00a0Gammell, Chief\u00a0Executive\u00a0Officer, on 13 March 2026
having been duly authorised to do so by the Board of\u00a0Directors.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-655": { "value": "Coca-Cola Europacific Partners plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-656": { "value": "Coca-Cola Europacific Partners plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-657": { "value": "Western Europe and the Asia Pacific region", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-658": { "value": "making, selling and distributing an extensive range of primarily non-alcoholic ready to\u00a0drink beverages.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-659": { "value": "public company limited by shares", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-660": { "value": "England and Wales", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-661": { "value": "Pemberton House, Bakers Road, Uxbridge, UB8 1EZ, United Kingdom", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-662": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-665": { "value": "
Basis of preparation
These consolidated financial statements of the Group reflect the following:
\u25a0 They have been prepared in accordance with UK-adopted International Accounting
Standards, International Financial Reporting Standards (IFRS) as adopted by the
European Union and International Financial Reporting Standards as issued by the
International Accounting Standards Board (IASB).
\u25a0 They have been prepared under the historical cost convention, except for certain items
measured at fair value. Those accounting policies have been applied consistently in all
periods, except for the adoption of new standards and amendments as of 1 January
2025, as described below under accounting policies.
\u25a0 They are presented in euro, which is also the Parent Company\u2019s functional currency, and
all values are rounded to\u00a0the nearest euro million except where otherwise indicated.
\u25a0 They have been prepared on a going concern basis (refer to the Going concern
paragraph on page 123).
Basis of consolidation
The consolidated financial statements comprise the financial statements of the Group
and\u00a0its subsidiaries. All subsidiaries have accounting years ending 31 December and apply
consistent accounting policies for the purpose of the consolidated financial statements.
Subsidiary undertakings are consolidated from the date on which control is transferred to
the Group and cease to be consolidated from the date on which control is transferred out
of the Group. The Group controls an entity when it is exposed to, or has rights to, variable
returns from its involvement with the entity and has the ability to affect those returns
through the Group\u2019s power to direct the activities of the entity. All intercompany accounts
and transactions are eliminated upon consolidation.
Associates are all entities over which the Group has significant influence but not control,
generally accompanying a shareholding of between 20% to 50% of voting rights.
Investments in associates are accounted for using the equity method of accounting,
after\u00a0initially being recognised at cost.
The Group treats transactions with non-controlling interests that do not result in a loss
of\u00a0control as equity transactions.
When the Group loses control over a subsidiary, it derecognises the related assets
(including goodwill), liabilities, non-controlling interest and any other components of equity,
while any resulting gain or loss is recognised in profit or loss. Any interest retained in the
former subsidiary is measured at fair value when control is lost.
Foreign currency
The individual financial statements of each subsidiary are presented in the currency of the
primary economic environment in which the subsidiary operates (its functional currency).
For the purpose of the consolidated financial statements, the results and financial position
of each subsidiary are expressed in euros.
Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities
denominated in foreign currencies are remeasured to the functional currency of the entity
at the rate of exchange in effect at the statement of financial position date with the
resulting gain or loss recorded in the consolidated income statement.
The consolidated income statement includes non-operating items which are primarily
comprised of remeasurement gains and losses related to currency exchange rate
fluctuations on financing transactions denominated in a currency other than the
subsidiary\u2019s functional currency. Non-operating items are shown on a net basis and may
reflect\u00a0the impact of movements in certain derivative instruments that are not designated
as hedging instruments but are utilised to manage various risks.
The assets and liabilities of the Group's foreign operations are translated from local
currencies to the euro reporting currency at exchange rates in effect at the end of each
reporting period. Revenues and expenses are translated at average monthly exchange
rates, with average rates being a reasonable approximation of the rates prevailing on the
transaction dates. Gains and losses from translation are included in other comprehensive
income. On disposal of a foreign operation, accumulated exchange differences are
recognised as a component of the gain or loss on disposal.
The principal exchange rates from local currency to euro used for translation purposes were:
Average for the year ended 31 December
Closing as at 31 December
2025
2024
2023
2025
2024
British pound
1.17
1.18
1.15
1.15
1.21
US dollar
0.89
0.92
0.92
0.85
0.96
Norwegian krone
0.09
0.09
0.09
0.08
0.08
Swedish krona
0.09
0.09
0.09
0.09
0.09
Icelandic krona
0.01
0.01
0.01
0.01
0.01
Australian dollar
0.57
0.61
0.61
0.57
0.60
Indonesian rupiah (A)
0.05
0.06
0.06
0.05
0.06
New Zealand dollar
0.52
0.56
0.57
0.49
0.54
Papua New Guinean kina
0.22
0.24
0.26
0.20
0.24
Philippine peso (B)
0.02
0.02
n/a
0.01
0.02
(A) Indonesian rupiah is shown as 1,000 IDR versus 1 euro.
(B) For the year ended 31\u00a0December\u00a02024, the Philippine peso average rate is calculated as the average from
23 February 2024 to 31\u00a0December\u00a02024.
Reporting periods
In these consolidated financial statements, the Group is reporting the financial results
for\u00a0the years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023.
The following table summarises the number of selling days for the years ended
31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023 (based on a standard
five\u00a0day selling week):
First half
Second half
Full year
2025
128
133
261
2024
130
132
262
2023
130
130
260
Comparability
Sales of the Group\u2019s products are seasonal. In Europe, the second and third quarters
typically account for higher unit sales of the Group\u2019s products than the first and fourth
quarters. In the Group\u2019s Asia Pacific territories, the fourth quarter would typically reflect
higher sales volumes in the year. The seasonality of the Group\u2019s sales volume, combined
with the accounting for fixed costs such as depreciation, amortisation, rent and interest
expense, impacts the Group\u2019s reported results for the first and second halves of the year.
Additionally, year over year shifts in holidays, selling days and weather patterns can impact
the Group\u2019s results on an annual or half yearly basis.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-663": { "value": "
Basis of preparation
These consolidated financial statements of the Group reflect the following:
\u25a0 They have been prepared in accordance with UK-adopted International Accounting
Standards, International Financial Reporting Standards (IFRS) as adopted by the
European Union and International Financial Reporting Standards as issued by the
International Accounting Standards Board (IASB).", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-664": { "value": "
Basis of preparation
They have been prepared on a going concern basis (refer to the Going concern
paragraph on page 123).
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-666": { "value": "
Basis of consolidation
The consolidated financial statements comprise the financial statements of the Group
and\u00a0its subsidiaries. All subsidiaries have accounting years ending 31 December and apply
consistent accounting policies for the purpose of the consolidated financial statements.
Subsidiary undertakings are consolidated from the date on which control is transferred to
the Group and cease to be consolidated from the date on which control is transferred out
of the Group. The Group controls an entity when it is exposed to, or has rights to, variable
returns from its involvement with the entity and has the ability to affect those returns
through the Group\u2019s power to direct the activities of the entity. All intercompany accounts
and transactions are eliminated upon consolidation.
Associates are all entities over which the Group has significant influence but not control,
generally accompanying a shareholding of between 20% to 50% of voting rights.
Investments in associates are accounted for using the equity method of accounting,
after\u00a0initially being recognised at cost.
The Group treats transactions with non-controlling interests that do not result in a loss
of\u00a0control as equity transactions.
When the Group loses control over a subsidiary, it derecognises the related assets
(including goodwill), liabilities, non-controlling interest and any other components of equity,
while any resulting gain or loss is recognised in profit or loss. Any interest retained in the
former subsidiary is measured at fair value when control is lost.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-669": { "value": "
Foreign currency
The individual financial statements of each subsidiary are presented in the currency of the
primary economic environment in which the subsidiary operates (its functional currency).
For the purpose of the consolidated financial statements, the results and financial position
of each subsidiary are expressed in euros.
Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities
denominated in foreign currencies are remeasured to the functional currency of the entity
at the rate of exchange in effect at the statement of financial position date with the
resulting gain or loss recorded in the consolidated income statement.
The consolidated income statement includes non-operating items which are primarily
comprised of remeasurement gains and losses related to currency exchange rate
fluctuations on financing transactions denominated in a currency other than the
subsidiary\u2019s functional currency. Non-operating items are shown on a net basis and may
reflect\u00a0the impact of movements in certain derivative instruments that are not designated
as hedging instruments but are utilised to manage various risks.
The assets and liabilities of the Group's foreign operations are translated from local
currencies to the euro reporting currency at exchange rates in effect at the end of each
reporting period. Revenues and expenses are translated at average monthly exchange
rates, with average rates being a reasonable approximation of the rates prevailing on the
transaction dates. Gains and losses from translation are included in other comprehensive
income. On disposal of a foreign operation, accumulated exchange differences are
recognised as a component of the gain or loss on disposal.
The principal exchange rates from local currency to euro used for translation purposes were:
Average for the year ended 31 December
Closing as at 31 December
2025
2024
2023
2025
2024
British pound
1.17
1.18
1.15
1.15
1.21
US dollar
0.89
0.92
0.92
0.85
0.96
Norwegian krone
0.09
0.09
0.09
0.08
0.08
Swedish krona
0.09
0.09
0.09
0.09
0.09
Icelandic krona
0.01
0.01
0.01
0.01
0.01
Australian dollar
0.57
0.61
0.61
0.57
0.60
Indonesian rupiah (A)
0.05
0.06
0.06
0.05
0.06
New Zealand dollar
0.52
0.56
0.57
0.49
0.54
Papua New Guinean kina
0.22
0.24
0.26
0.20
0.24
Philippine peso (B)
0.02
0.02
n/a
0.01
0.02
(A) Indonesian rupiah is shown as 1,000 IDR versus 1 euro.
(B) For the year ended 31\u00a0December\u00a02024, the Philippine peso average rate is calculated as the average from
23 February 2024 to 31\u00a0December\u00a02024.
Note 2
Accounting policies
IFRS\u00a015 - Revenue Recognition and Deductions from Revenue
The Group derives its revenues by making, selling and distributing ready to drink beverages.
The revenue from the sale of products is recognised at the point in time at which control
passes to a customer, typically when products are delivered to a customer. A receivable is
recognised by the Group at the point in time at which the right to consideration becomes
unconditional.
The Group uses various promotional programmes under which rebates, refunds, price
concessions or similar items can be earned by customers for attaining agreed upon
sales\u00a0levels or for participating in specific marketing programmes. Those promotional
programmes do not give rise to a separate performance obligation. Where the
consideration the Group is entitled to varies because of such programmes, it is deemed
to\u00a0be variable consideration. The related customer marketing accruals are recognised
as\u00a0a\u00a0deduction from revenue and are not considered distinct from the sale of products
to\u00a0the\u00a0customer. Variable consideration is only included to the extent that it is highly
probable that the inclusion will not result in a significant revenue reversal in the future.
Financing elements are not deemed present in our contracts with customers, as the
sales\u00a0are made with credit terms not exceeding normal commercial terms. Taxes on
sugared soft\u00a0drinks, excise taxes and taxes on packaging are recorded on a gross basis
(i.e.\u00a0included in revenue) where the Group is the principal in the arrangement. Value added
taxes are\u00a0recorded on a net basis (i.e. excluded from revenue). The Group assesses these
taxes\u00a0and\u00a0duties on a jurisdiction by jurisdiction basis to conclude on the appropriate
accounting treatment.
The rest of the accounting policies applied by the Group are included in the relevant
notes\u00a0herein.
New and amended standards
The Group has applied the following amendments for the first time in the year ended
31\u00a0December\u00a02025:
Amendments to IAS 21 \u2013 Lack of Exchangeability (effective for annual periods beginning on or after
1 January 2025)
In August 2023, the IASB amended IAS 21 to assist entities in the determination of whether
a currency is exchangeable into another currency, and which spot exchange rate to use
when it is not. The amendments also require disclosures that enable the users of financial
information to understand how the currency not being exchangeable to another currency
affects, or is expected to affect, the entity\u2019s financial operations, financial position and
cash flows.
These amendments had no impact on the consolidated financial statements of the Group.
The Group has not early adopted any standards and amendments to accounting standards
that have been issued but are not yet effective. The Group\u2019s assessment of the impact
of\u00a0these standards and amendments is set out below:
Amendments to IFRS 9 and IFRS 7 \u2013 Classification and Measurement of Financial Instruments
(effective for annual periods beginning on or after 1 January 2026)
On 30 May 2024, the IASB issued targeted amendments to IFRS 9 and IFRS 7 to respond
to\u00a0recent questions arising in practice, and to include new requirements not only for
financial institutions but also for corporate entities. These amendments:
\u25a0 clarify the date of recognition and derecognition of some financial assets and liabilities,
with a new exception for some financial liabilities settled through an electronic cash
transfer system;
\u25a0 clarify and add further guidance for assessing whether a financial asset meets the
solely payments of principle and interest (SPPI) criterion;
\u25a0 add new disclosures for certain instruments with contractual terms that can change
cash flows (such as some financial instruments with features linked to the achievement
of environmental, social and governance targets); and
\u25a0 update the disclosures for equity instruments designated at fair value through other
comprehensive income (FVOCI).
The Group does not expect these amendments to have a material impact on its operations
or consolidated financial statements.
Amendments to IFRS 9 and IFRS 7 \u2013 Contracts Referencing Nature-dependent Electricity
(effective for annual periods beginning on or after 1 January 2026)
In December 2024, the IASB issued Contracts Referencing Nature-dependent Electricity
(Amendments to IFRS 9 and IFRS 7). These amendments:
\u25a0 clarify the application of the \u201cown-use\u201d requirements;
\u25a0 permit hedge accounting if these contracts are used as hedging instruments; and
\u25a0 introduce new disclosure requirements to enable investors to understand the effects
of these contracts on an entity\u2019s financial performance and cash flows.
The clarifications regarding the \u201cown-use\u201d requirements must be applied retrospectively,
but the guidance permitting the hedge accounting have to be applied prospectively to new
hedging relations designated on or after the date of initial application.
The Group does not expect these amendments to have a material impact on its operations
or consolidated financial statements.
IFRS 18 \u2013 Presentation and Disclosures in Financial Statements (effective for annual periods
beginning on or after 1 January 2027)
In April 2024, the IASB issued IFRS 18, which replaces IAS 1 - Presentation of Financial
Statements. IFRS 18 introduces new requirements for presentation within the income
statement, including specified totals and subtotals. Further, entities are required to
classify all income and expenses within the income statement into one of five categories:
operating, investing, financing, income taxes and discontinued operations, whereof the
first\u00a0three are new.
It also requires disclosure of management-defined performance measures, subtotals of
income and expenses, and includes new requirements for aggregation and disaggregation
of financial information.
In addition, narrow-scope amendments have been made to IAS 7 - Statement of Cash
Flows, which include changing the starting point for determining the cash flows from
operations under the indirect method, from \u201cprofit or loss\u201d to \u201coperating profit or loss\u201d and
removing the optionality around classification of cash flows from dividends and interest.
Even though IFRS 18 will not affect the recognition or measurement of items in the financial
statements, it is expected to have a significant impact on the presentation of the income
statement and related disclosures. The Group has continued to progress its assessment
of\u00a0the relevant effects of the new standard and is in the process of determining the
specific implications for its consolidated financial statements.
IFRS 19 \u2013 Subsidiaries without Public Accountability: Disclosures (effective for annual periods
beginning on or after 1 January 2027)
Issued in May 2024, IFRS 19 allows for certain eligible subsidiaries of parent entities that
report under IFRS Accounting Standards to apply reduced disclosure requirements.
As the Group\u2019s equity instruments are publicly traded, it is not eligible to elect to apply
IFRS\u00a019.
Amendments to IAS 21 - Translation to a Hyperinflationary Presentation Currency (effective for
annual periods beginning on or after 1 January 2027)
In November 2025, the Board issued Translation to a Hyperinflationary Presentation
Currency (Amendments to IAS 21). Under the amendments, when an entity\u2019s functional
currency is not hyperinflationary but its presentation currency is, all amounts, including
comparatives, need to be translated into the presentation currency using the closing rate
at the reporting date.
If both the functional and presentation currencies are hyperinflationary, the entity is
required to restate the comparative information of foreign operations with
non\u2011hyperinflationary functional currencies using the general price index, in accordance
with IAS 29.
The amendments also introduce additional disclosure requirements.
The Group does not expect these amendments to have an impact on its operations or
consolidated financial statements.
Earnings per share
Basic earnings per share is calculated by dividing profit after taxes by the weighted average
number of Shares in issue during the period, after deducting the weighted average number
of treasury shares held. Diluted earnings per share is calculated in a similar manner, but
includes the effect of dilutive securities, principally share options, restricted stock units
and performance share units. Share-based payment awards that are contingently issuable
upon the achievement of specified market and/or performance conditions are included
in\u00a0the diluted earnings per share calculation based on the number of Shares that would
be\u00a0issuable if the end of the period was the end of the contingency period.
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
TCCC franchise intangible assets
The Group\u2019s bottling agreements with TCCC contain performance requirements
and\u00a0convey the rights to distribute and sell products within specified territories.
The\u00a0agreements in each territory are for an initial term of 10 years and may be renewed
for successive terms of 10 years. The Group believes that its interdependent relationship
with TCCC and the substantial cost and disruption to TCCC that would be caused by
non-renewal ensure that these agreements will continue to be renewed and, therefore,
are essentially perpetual.
The Group has never had a bottling agreement with TCCC terminated due to non\u2011performance
of the terms of the agreement or due to a decision by TCCC to terminate an agreement
at\u00a0the expiration of a term. After evaluating the contractual provisions of the bottling
agreements as at 31\u00a0December\u00a02025, the Group\u2019s mutually beneficial relationship with
TCCC and history of renewals, indefinite lives have been assigned to all of the Group\u2019s
TCCC bottling agreements.
Goodwill
Goodwill is initially measured as the excess of the total consideration transferred over
the\u00a0amount recognised for net identifiable assets acquired and liabilities assumed in
a\u00a0business combination. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, the gain is recognised in the consolidated income
statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested
annually for impairment at the CGU level or more frequently if events or changes
in\u00a0circumstances indicate that it might be impaired. Goodwill acquired in a business
combination is allocated to the CGU that is expected to benefit from the synergies
of\u00a0the\u00a0combination, irrespective of whether a CGU is part of the business combination.
Assets under construction
Assets under construction are carried at cost and are not amortised until they
are\u00a0available for use. When an asset under construction is ready for its intended use,
it\u00a0is\u00a0transferred to the appropriate category of intangible assets, after which
amortisation\u00a0begins.
Intangible assets with finite lives
Intangible assets with finite lives are measured at cost of acquisition or production and are
amortised using the straight-line method over their respective estimated useful lives. Finite
lived intangible assets are assessed for impairment whenever there is an indication that
they may be impaired. The amortisation period and method are reviewed annually.
Property, plant and equipment
Property, plant and equipment is recorded at cost, net of accumulated depreciation and
accumulated impairment losses, where cost is the amount of cash or cash equivalents
paid to acquire an asset at the time of its acquisition or\u00a0construction. Major property
additions, replacements and improvements are capitalised, while maintenance and repairs
that do not extend the useful life of an asset or add new functionality are expensed as
incurred. Land and assets under construction are not depreciated. Land is considered
to\u00a0have an indefinite useful life and therefore is not subject to depreciation. Assets under
construction are carried at cost and are not depreciated until they are available for use.
When an asset under construction is ready for its intended use, it is transferred to the
appropriate category of property, plant and equipment, after which depreciation begins.
All\u00a0other items of property, plant and equipment are depreciated on a straight-line basis
over their estimated useful lives as follows:
Useful life (years)
Category
Low
High
Buildings and improvements
10
40
Machinery, equipment and containers
3
20
Cold drink equipment
2
12
Vehicle fleet
3
12
Furniture and office equipment
3
10
Gains or losses arising on the disposal or retirement of an asset are determined as the
difference between the carrying amount of the asset and any proceeds from its sale.
Leasehold improvements are amortised using the straight-line method over the shorter
of\u00a0the remaining lease term or the estimated useful life of the improvement.
The Group assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate the
potential loss of value that may reduce the recoverable amount of the asset to below
its\u00a0carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Useful lives and residual amounts are reviewed annually and adjustments are made
prospectively as required.
For property, plant and equipment, the Group assesses annually whether there is an indication
that previously recognised impairment losses no longer exist or have decreased. If such
an\u00a0indication exists, a previously recognised impairment loss is reversed only if there has
been\u00a0a change in the assumptions used to determine the asset\u2019s recoverable amount since
the last impairment loss was recognised and only up to the recoverable amount or the original
carrying amount net of depreciation that would have been incurred had no impairment losses
been recognised.
The transition to a low-carbon economy may impact the carrying value and remaining
useful lives of the Group\u2019s property, plant and equipment. The Group continues to invest
in\u00a0more efficient, cleaner and more technologically advanced assets, however, the
significant majority of the Group\u2019s assets currently in operation are likely to be substantially
depreciated ahead of our Net Zero 2040 target, as set out in our Strategic Report.
In\u00a0addition, the Group continuously monitors the latest developments in government
legislation in relation to climate-related risks. Currently, no legislation has been passed
that\u00a0will materially impact the carrying value and remaining useful lives of the Group.
The Group leases land, office and warehouse property, computer hardware, machinery and
equipment, and vehicles under non-cancellable lease agreements, most of which expire
at\u00a0various dates through to 2030. The Group includes right of use assets within property,
plant and equipment. Right of use assets are initially measured at cost, comprising the
initial measurement of the lease liability, plus any direct costs and an estimate of asset
retirement obligations, less lease incentives. Subsequently, right of use assets are
measured at cost, less accumulated depreciation and any accumulated impairment
losses. Depreciation is calculated on a straight-line basis over the term of the lease.
The Group does not separate lease from non-lease components for each of its lease
categories, except for property leases. All low value leases with total minimum lease
payments under \u20ac5,000 and leases with a term less than 12 months are expensed
on\u00a0a\u00a0straight-line basis.
Extension and termination options are included in a number of property and equipment
leases across the Group and are used to maximise operational flexibility in terms of managing
contracts. Extension options (or periods after termination options) are only included in the
lease term if the Group has an enforceable right to extend or terminate the lease and is
reasonably certain to do so.
Investment property
Investment property consists of land and buildings held primarily for earning rental
income, capital appreciation or both. These properties are not used by the Group in the
ordinary course of business. The Group applies the cost model for measuring investment
property. Under the cost model, investment property is initially recognised at cost.
Subsequently, it is depreciated on a straight-line basis over the assigned useful life
(consistent with owner-occupied property).
The Group assesses at each reporting date whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate
the\u00a0potential loss of value that may reduce the recoverable amount of the asset to below
its carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Investment property is derecognised when it has been disposed of or when it is
permanently withdrawn from use and no further economic benefit is expected from
its\u00a0disposal. The difference between the net disposal proceeds and the carrying amount
of\u00a0the asset is recognised in the Group\u2019s consolidated income statement in the period
of\u00a0derecognition.
Transfers are made to (or from) investment property when there is a change in use.
Inventories
Inventories are valued at the lower of cost or net realisable value and cost is determined
using the first-in, first-out (FIFO) method. Net realisable value is the estimated selling price
in\u00a0the ordinary course of business, less the estimated costs necessary to complete
and\u00a0sell the inventory. Inventories consist of raw materials, supplies (primarily including
concentrate, other ingredients and\u00a0packaging) and finished goods, which also include direct
labour, indirect production and overhead costs. Cost includes all costs incurred to bring
inventories to their present location and condition. Cost of inventories also includes
the\u00a0transfer from equity of gains and/or losses on qualified cash flow hedges relating
to\u00a0inventory purchases. Spare parts, classified and accounted as inventories, are recorded
as assets at the time of purchase and are expensed as utilised.
Trade accounts receivable
The Group sells its products to retailers, wholesalers and other customers and extends
credit, generally without requiring collateral, based on an evaluation of the customer\u2019s
financial condition. While the Group has a concentration of credit risk in the retail sector,
this risk is mitigated due to the diverse nature of the customers the Group serves, including,
but not limited to, their type, geographic location, size and beverage channel.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to\u00a060 days and do not bear interest. The Group
applies an expected credit loss reserve methodology to assess possible impairments.
Balances are considered for impairment on an individual basis rather than by reference
to\u00a0the extent that they become overdue. The Group considers factors such as delinquency
in payment, financial difficulties, payment history of the debtor and certain forward-looking
macroeconomic indicators. The carrying amount of trade accounts receivable is reduced
through the use of an allowance account, and the amount of the loss is recognised in the
consolidated income statement. Credit insurance on a portion of the accounts receivable
balance is also carried. Refer to Note 27 for further details on credit risk management.
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
Short-term investments
Short-term investments are financial assets that are initially recognised at fair value
and\u00a0subsequently measured at amortised cost. The Group classifies its financial assets
as\u00a0measured at amortised cost only if both of the following criteria are met:
\u25a0 the asset is held within a business model whose objective is to collect the contractual
cash flows; and
\u25a0 the contractual terms give rise to cash flows that are solely payments of principal
and\u00a0interest.
The short-term investment balance is comprised of time deposits and treasury bills,
with\u00a0maturity dates of greater than three months and less than one year when acquired,
which do not meet the definition of cash and cash equivalents, and are expected to be
held until maturity. These are highly liquid investments and, due to their short-term nature,
their carrying amount is not significantly different from the fair values.
Fair value measurements
All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorised within the fair value hierarchy. This is described as one of the following, based
on\u00a0the lowest-level input that is significant to the fair value measurement as a whole:
\u25a0 Level 1 \u2013 Quoted prices in active markets for identical assets or liabilities.
\u25a0 Level 2 \u2013 Observable inputs other than quoted prices included in Level 1. The Group values
assets and liabilities included in this level using dealer and broker quotations, certain pricing
models, bid prices, quoted prices for similar assets and liabilities in active markets or other
inputs that are observable or can be corroborated by observable market data.
\u25a0 Level 3 \u2013 Unobservable inputs that are supported by little or no market activity and that are
significant to the fair value of the assets or liabilities. This includes certain pricing models,
discounted cash flow methodologies and similar techniques that use significant
unobservable inputs.
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
The Group uses cash flow hedges to mitigate its exposure to variability in cash flows
attributable to currency fluctuations and commodity price fluctuations associated with
certain highly probable forecasted transactions, including purchases of raw materials,
finished goods and services denominated in non-functional currencies, the receipts
of\u00a0interest as well as the payments of interest and principal on debt issuances in
non\u2011functional currencies.
Effective changes in the fair value of these cash flow hedging instruments are recognised
as a component of other reserves in the consolidated statement of changes in equity.
Any\u00a0changes in the fair value of these cash flow hedges that are the result of
ineffectiveness are recognised immediately in the line item in the consolidated income
statement that is consistent with the nature of the underlying hedged item. Historically,
the\u00a0Group has not experienced, and does not expect to experience, material hedge
ineffectiveness with the value of the hedged instrument equalling that of the hedged item.
If the hedged cash flow results in a subsequent recognition of a non-financial asset
or\u00a0liability, the gains and/or losses accumulated in equity are included in the measurement
of the cost of the asset or liability. For other cash flow hedges, the amounts deferred
in\u00a0equity are then recognised within the line item in the consolidated income statement
that is consistent with the nature of the underlying hedged item in the period that the
forecasted purchases or payments impact earnings.
Fair value hedges
The Group has designated certain cross currency swaps used to mitigate foreign currency
exchange risk and interest rate risk on foreign currency borrowings as fair value hedges.
There is an economic relationship between the hedged item and the hedging instrument,
as\u00a0the terms of the cross currency swap contracts match the terms of the fixed rate
borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship.
The Group also designates foreign currency contracts as fair value hedges to mitigate
foreign currency exchange risk.
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers .
Supplier finance arrangements
The Group engages in supplier finance arrangements facilitated by various banks, pursuant
to which its suppliers may elect to receive early payments of their invoices from a bank.
Under the arrangements, the bank agrees to pay amounts due to participating suppliers
with respect to invoices owed by the Group, and the Group repays the bank at a later date.
Participation in these arrangements is at suppliers\u2019 own discretion. If suppliers elect to
receive early payments, they pay a fee to the respective bank, to which the Group is not
party. The primary purpose of these arrangements is to streamline payment processing
and allow willing suppliers to receive early payments from the bank before the invoice
due\u00a0date. Payment terms with suppliers have not been renegotiated in conjunction with
these arrangements.
Post-employment benefits
The cost of providing benefits is determined using the projected unit credit method,
with\u00a0actuarial valuations being carried out at the end of each annual reporting period.
All\u00a0remeasurements of the defined benefit obligation, such as actuarial gains and losses
and return on plan assets, are recognised directly in other comprehensive income.
Remeasurements recognised in other comprehensive income are reflected immediately
in\u00a0retained earnings and are not reclassified to profit or loss. Service cost is presented
within cost of sales, selling and distribution expenses and administrative expenses in the
consolidated income statement. Past service cost is recognised immediately within cost
of\u00a0sales, selling and distribution expenses, and administrative expenses in the consolidated
income statement. The net interest cost is calculated by applying the discount rate to the
net balance of the defined benefit obligation and the fair value of plan assets. Net interest
cost is presented within finance costs or finance income, as applicable, in the consolidated
income statement. The defined benefit obligation recognised in the consolidated
statement of financial position represents the present value of the estimated future cash
outflows, using interest rates of high quality corporate bonds which have terms to maturity
approximating the terms of the related liability.
The Group recognises termination benefits at the earlier of the following dates:
(1)\u00a0when\u00a0the\u00a0Group can no longer withdraw the offer of those benefits; and (2) when the
Group recognises costs for restructuring that are within the scope of IAS 37 - Provisions,
Contingent Liabilities and Contingent Assets and involves the payment of termination
benefits. In the case of an offer made to encourage voluntary redundancy, the termination
benefits are measured based on the number of employees expected to accept the offer.
Termination benefits are payable whenever an employee\u2019s employment is terminated before
the normal retirement date or whenever an employee accepts voluntary redundancy in
exchange for those benefits.
Dividends
Dividends are recognised on the date that the shareholder\u2019s right to receive payment is
established. In respect of interim dividends, this is generally the date when the dividend
is\u00a0paid.
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
Income taxes
Current tax
Current tax for the period includes amounts expected to be payable on taxable income in
the period together with any adjustments to taxes payable in respect of previous periods,
and is determined based on the tax laws enacted or substantively enacted at the balance
sheet date in the countries where the Group operates and generates taxable income.
Management periodically evaluates positions taken in tax returns with respect to situations
in which applicable tax regulations are subject to interpretation and establishes provisions,
where appropriate, on the basis of amounts expected to be paid to the tax authorities.
Deferred tax
Deferred tax is determined by identifying the temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes
at the reporting date. Deferred tax for the period includes origination and reversal of
temporary differences, remeasurements of deferred tax balances and adjustments in
respect of prior periods.
Deferred tax liabilities are recognised for all taxable temporary differences, except:
\u25a0 When the deferred tax liability arises from the initial recognition of goodwill or an asset
or liability in a transaction that is not a business combination and, at the time of the
transaction, affects neither the accounting profit nor taxable profit or loss, unless
it\u00a0gives rise to equal taxable and deductible temporary differences; or
\u25a0 In respect of taxable temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, when the timing
of\u00a0the reversal of the temporary differences can be controlled by the Group and it is
probable that the temporary differences will not reverse in the foreseeable future.
Deferred tax assets are recognised for all deductible temporary differences, carry forward
of unused tax credits and unused tax losses, to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilised, except:
\u25a0 When the deferred tax asset relating to the deductible temporary difference arises
from the initial recognition of an asset or liability in a transaction that is not a business
combination and, at the time of the transaction, affects neither the accounting profit nor
taxable profit or loss, unless it gives rise to equal taxable and deductible temporary
differences; or
\u25a0 In respect of deductible temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, deferred tax
assets are recognised only to the extent that it is probable that the temporary
differences will reverse in the foreseeable future and taxable profit will be available
against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred
tax assets are reassessed at each reporting date and are recognised to the extent that it
has become probable that future taxable profits will allow the deferred tax asset to be
recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply
in the year when the asset is realised or the liability is settled, based on tax rates (and tax
laws) that have been enacted or substantively enacted at the reporting date.
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right
exists to set off current tax assets against current income tax liabilities and the deferred
taxes relate to the same taxation authority on either the same taxable entity or different
taxable entities where there is an intention to settle the balances on a net basis.
Income tax is recognised in the consolidated income statement. Income tax is recognised
in other comprehensive income or directly in equity to the extent that it relates to items
recognised in other comprehensive income or in equity.
Share-based payment plans
The Group has an established Share options plan and a Long-Term Incentive Plan (LTIP) for
certain executive and management level employees that provide for granting restricted
stock units, some with performance and/or market conditions. These awards are designed
to align the interests of executives and management with the interests of shareholders.
During 2022, the Group launched a global Employee Share Purchase Plan (ESPP), which gives
employees the opportunity to purchase CCEP Shares on a regular basis and become a
shareholder, promoting an ownership culture. Under the ESPP, participating employees
are\u00a0granted matching Shares when certain vesting and non-vesting conditions are met.
The Group recognises compensation expense equal to the grant date fair value for
all\u00a0share-based payment awards that are expected to vest. Expense is generally
recorded\u00a0on a straight-line basis over the requisite service period for each separately
vesting portion of the award.
Provisions, contingencies and commitments
Provisions are recognised when the Group has a present obligation (legal or constructive)
as a result of a past event, it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. When some or all of a provision is expected to be reimbursed,
the\u00a0reimbursement is recognised as a separate asset, but only when the reimbursement
is\u00a0virtually certain. The expense relating to a provision is presented in the consolidated
income statement , net of any reimbursement.
Asset retirement obligations are estimated at the inception of a lease or contract, for
which a liability is recognised. A corresponding asset is also created and depreciated.
If the effect of the time value of money is material, provisions are discounted using
a\u00a0current pre-tax rate that reflects, when appropriate, the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time is
recognised as a finance cost.
Restructuring provision
Restructuring provisions are recognised only when the Group has a constructive obligation,
which\u00a0is when a detailed formal plan identifies the business or part of the business
concerned, the location and number of employees affected, a detailed estimate of the
associated costs and\u00a0an appropriate timeline, and the employees affected have been
notified of the plan\u2019s main features. These provisions are expected to be resolved by the
time the related programme is\u00a0substantively complete.
Refer to Note 18 for further details regarding our restructuring programmes.
Decommissioning provisions
Decommissioning liabilities relate to contractual or legal obligations to pay for asset
retirement costs. The liabilities represent both the reinstatement obligations when the
Group is contractually obligated to pay for the cost of retiring leased buildings and the
costs for collection, treatment, reuse, recovery and environmentally sound disposal of
cold drink equipment. Specific to cold drink equipment obligations, the Group is subject
to,\u00a0and operates in\u00a0accordance with, the EU Directive on Waste from Electrical and
Electronic Equipment (WEEE). Under the WEEE, companies that put electrical and
electronic\u00a0equipment (such as cold drink equipment) on the EU market are responsible
for\u00a0the costs of collection, treatment, recovery and disposal of their own products.
Where\u00a0applicable, the WEEE provision estimate is calculated using assumptions, including
disposal cost per unit, average equipment age and the inflation rate, to determine
the\u00a0appropriate accrual amount.
The period over which the decommissioning liabilities on leased buildings and cold drink
equipment will be settled ranges from 1 to 26 years and 1 to 8 years, respectively.
Legal proceedings and tax matters
The Group is involved in various legal proceedings and tax matters and is routinely under
audit by tax authorities in the ordinary course of business. Due to their nature, such legal
proceedings and tax matters involve inherent uncertainties including, but not limited to,
court rulings, settlements between affected parties and/or governmental actions.
The probability of loss for such contingencies is assessed and accrued as a liability and/or
disclosed, as appropriate.
Assets held for sale
Non-current assets, or disposal groups comprising assets and liabilities, are classified as
held for sale if it is highly probable that they would be recovered through sale rather than
continuous use. In order for a sale to be considered highly probable, all of the following
criteria need to be met: management is committed to a plan to sell the assets, an active
programme to locate a buyer and complete the plan has been initiated, the assets are
actively marketed at a reasonable price, and the sale is expected to be completed within
one year from the date of classification.
Such assets, or disposal groups, are generally measured at the lower of their carrying
amount and fair value less cost to sell.
Once classified as held for sale, intangible assets and property, plant and equipment
are\u00a0no\u00a0longer amortised or depreciated, and any equity accounted investee is no longer
equity accounted.
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-668": { "value": "
Foreign currency
The individual financial statements of each subsidiary are presented in the currency of the
primary economic environment in which the subsidiary operates (its functional currency).
For the purpose of the consolidated financial statements, the results and financial position
of each subsidiary are expressed in euros.
Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities
denominated in foreign currencies are remeasured to the functional currency of the entity
at the rate of exchange in effect at the statement of financial position date with the
resulting gain or loss recorded in the consolidated income statement.
The consolidated income statement includes non-operating items which are primarily
comprised of remeasurement gains and losses related to currency exchange rate
fluctuations on financing transactions denominated in a currency other than the
subsidiary\u2019s functional currency. Non-operating items are shown on a net basis and may
reflect\u00a0the impact of movements in certain derivative instruments that are not designated
as hedging instruments but are utilised to manage various risks.
The assets and liabilities of the Group's foreign operations are translated from local
currencies to the euro reporting currency at exchange rates in effect at the end of each
reporting period. Revenues and expenses are translated at average monthly exchange
rates, with average rates being a reasonable approximation of the rates prevailing on the
transaction dates. Gains and losses from translation are included in other comprehensive
income. On disposal of a foreign operation, accumulated exchange differences are
recognised as a component of the gain or loss on disposal.
The principal exchange rates from local currency to euro used for translation purposes were:
Average for the year ended 31 December
Closing as at 31 December
2025
2024
2023
2025
2024
British pound
1.17
1.18
1.15
1.15
1.21
US dollar
0.89
0.92
0.92
0.85
0.96
Norwegian krone
0.09
0.09
0.09
0.08
0.08
Swedish krona
0.09
0.09
0.09
0.09
0.09
Icelandic krona
0.01
0.01
0.01
0.01
0.01
Australian dollar
0.57
0.61
0.61
0.57
0.60
Indonesian rupiah (A)
0.05
0.06
0.06
0.05
0.06
New Zealand dollar
0.52
0.56
0.57
0.49
0.54
Papua New Guinean kina
0.22
0.24
0.26
0.20
0.24
Philippine peso (B)
0.02
0.02
n/a
0.01
0.02
(A) Indonesian rupiah is shown as 1,000 IDR versus 1 euro.
(B) For the year ended 31\u00a0December\u00a02024, the Philippine peso average rate is calculated as the average from
23 February 2024 to 31\u00a0December\u00a02024.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-667": { "value": "
Foreign currency
The individual financial statements of each subsidiary are presented in the currency of the
primary economic environment in which the subsidiary operates (its functional currency).
For the purpose of the consolidated financial statements, the results and financial position
of each subsidiary are expressed in euros.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-671": { "value": "
Note 2
Accounting policies
IFRS\u00a015 - Revenue Recognition and Deductions from Revenue
The Group derives its revenues by making, selling and distributing ready to drink beverages.
The revenue from the sale of products is recognised at the point in time at which control
passes to a customer, typically when products are delivered to a customer. A receivable is
recognised by the Group at the point in time at which the right to consideration becomes
unconditional.
The Group uses various promotional programmes under which rebates, refunds, price
concessions or similar items can be earned by customers for attaining agreed upon
sales\u00a0levels or for participating in specific marketing programmes. Those promotional
programmes do not give rise to a separate performance obligation. Where the
consideration the Group is entitled to varies because of such programmes, it is deemed
to\u00a0be variable consideration. The related customer marketing accruals are recognised
as\u00a0a\u00a0deduction from revenue and are not considered distinct from the sale of products
to\u00a0the\u00a0customer. Variable consideration is only included to the extent that it is highly
probable that the inclusion will not result in a significant revenue reversal in the future.
Financing elements are not deemed present in our contracts with customers, as the
sales\u00a0are made with credit terms not exceeding normal commercial terms. Taxes on
sugared soft\u00a0drinks, excise taxes and taxes on packaging are recorded on a gross basis
(i.e.\u00a0included in revenue) where the Group is the principal in the arrangement. Value added
taxes are\u00a0recorded on a net basis (i.e. excluded from revenue). The Group assesses these
taxes\u00a0and\u00a0duties on a jurisdiction by jurisdiction basis to conclude on the appropriate
accounting treatment.
The rest of the accounting policies applied by the Group are included in the relevant
notes\u00a0herein.
New and amended standards
The Group has applied the following amendments for the first time in the year ended
31\u00a0December\u00a02025:
Amendments to IAS 21 \u2013 Lack of Exchangeability (effective for annual periods beginning on or after
1 January 2025)
In August 2023, the IASB amended IAS 21 to assist entities in the determination of whether
a currency is exchangeable into another currency, and which spot exchange rate to use
when it is not. The amendments also require disclosures that enable the users of financial
information to understand how the currency not being exchangeable to another currency
affects, or is expected to affect, the entity\u2019s financial operations, financial position and
cash flows.
These amendments had no impact on the consolidated financial statements of the Group.
The Group has not early adopted any standards and amendments to accounting standards
that have been issued but are not yet effective. The Group\u2019s assessment of the impact
of\u00a0these standards and amendments is set out below:
Amendments to IFRS 9 and IFRS 7 \u2013 Classification and Measurement of Financial Instruments
(effective for annual periods beginning on or after 1 January 2026)
On 30 May 2024, the IASB issued targeted amendments to IFRS 9 and IFRS 7 to respond
to\u00a0recent questions arising in practice, and to include new requirements not only for
financial institutions but also for corporate entities. These amendments:
\u25a0 clarify the date of recognition and derecognition of some financial assets and liabilities,
with a new exception for some financial liabilities settled through an electronic cash
transfer system;
\u25a0 clarify and add further guidance for assessing whether a financial asset meets the
solely payments of principle and interest (SPPI) criterion;
\u25a0 add new disclosures for certain instruments with contractual terms that can change
cash flows (such as some financial instruments with features linked to the achievement
of environmental, social and governance targets); and
\u25a0 update the disclosures for equity instruments designated at fair value through other
comprehensive income (FVOCI).
The Group does not expect these amendments to have a material impact on its operations
or consolidated financial statements.
Amendments to IFRS 9 and IFRS 7 \u2013 Contracts Referencing Nature-dependent Electricity
(effective for annual periods beginning on or after 1 January 2026)
In December 2024, the IASB issued Contracts Referencing Nature-dependent Electricity
(Amendments to IFRS 9 and IFRS 7). These amendments:
\u25a0 clarify the application of the \u201cown-use\u201d requirements;
\u25a0 permit hedge accounting if these contracts are used as hedging instruments; and
\u25a0 introduce new disclosure requirements to enable investors to understand the effects
of these contracts on an entity\u2019s financial performance and cash flows.
The clarifications regarding the \u201cown-use\u201d requirements must be applied retrospectively,
but the guidance permitting the hedge accounting have to be applied prospectively to new
hedging relations designated on or after the date of initial application.
The Group does not expect these amendments to have a material impact on its operations
or consolidated financial statements.
IFRS 18 \u2013 Presentation and Disclosures in Financial Statements (effective for annual periods
beginning on or after 1 January 2027)
In April 2024, the IASB issued IFRS 18, which replaces IAS 1 - Presentation of Financial
Statements. IFRS 18 introduces new requirements for presentation within the income
statement, including specified totals and subtotals. Further, entities are required to
classify all income and expenses within the income statement into one of five categories:
operating, investing, financing, income taxes and discontinued operations, whereof the
first\u00a0three are new.
It also requires disclosure of management-defined performance measures, subtotals of
income and expenses, and includes new requirements for aggregation and disaggregation
of financial information.
In addition, narrow-scope amendments have been made to IAS 7 - Statement of Cash
Flows, which include changing the starting point for determining the cash flows from
operations under the indirect method, from \u201cprofit or loss\u201d to \u201coperating profit or loss\u201d and
removing the optionality around classification of cash flows from dividends and interest.
Even though IFRS 18 will not affect the recognition or measurement of items in the financial
statements, it is expected to have a significant impact on the presentation of the income
statement and related disclosures. The Group has continued to progress its assessment
of\u00a0the relevant effects of the new standard and is in the process of determining the
specific implications for its consolidated financial statements.
IFRS 19 \u2013 Subsidiaries without Public Accountability: Disclosures (effective for annual periods
beginning on or after 1 January 2027)
Issued in May 2024, IFRS 19 allows for certain eligible subsidiaries of parent entities that
report under IFRS Accounting Standards to apply reduced disclosure requirements.
As the Group\u2019s equity instruments are publicly traded, it is not eligible to elect to apply
IFRS\u00a019.
Amendments to IAS 21 - Translation to a Hyperinflationary Presentation Currency (effective for
annual periods beginning on or after 1 January 2027)
In November 2025, the Board issued Translation to a Hyperinflationary Presentation
Currency (Amendments to IAS 21). Under the amendments, when an entity\u2019s functional
currency is not hyperinflationary but its presentation currency is, all amounts, including
comparatives, need to be translated into the presentation currency using the closing rate
at the reporting date.
If both the functional and presentation currencies are hyperinflationary, the entity is
required to restate the comparative information of foreign operations with
non\u2011hyperinflationary functional currencies using the general price index, in accordance
with IAS 29.
The amendments also introduce additional disclosure requirements.
The Group does not expect these amendments to have an impact on its operations or
consolidated financial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-670": { "value": "
Note 2
Accounting policies
IFRS\u00a015 - Revenue Recognition and Deductions from Revenue
The Group derives its revenues by making, selling and distributing ready to drink beverages.
The revenue from the sale of products is recognised at the point in time at which control
passes to a customer, typically when products are delivered to a customer. A receivable is
recognised by the Group at the point in time at which the right to consideration becomes
unconditional.
The Group uses various promotional programmes under which rebates, refunds, price
concessions or similar items can be earned by customers for attaining agreed upon
sales\u00a0levels or for participating in specific marketing programmes. Those promotional
programmes do not give rise to a separate performance obligation. Where the
consideration the Group is entitled to varies because of such programmes, it is deemed
to\u00a0be variable consideration. The related customer marketing accruals are recognised
as\u00a0a\u00a0deduction from revenue and are not considered distinct from the sale of products
to\u00a0the\u00a0customer. Variable consideration is only included to the extent that it is highly
probable that the inclusion will not result in a significant revenue reversal in the future.
Financing elements are not deemed present in our contracts with customers, as the
sales\u00a0are made with credit terms not exceeding normal commercial terms. Taxes on
sugared soft\u00a0drinks, excise taxes and taxes on packaging are recorded on a gross basis
(i.e.\u00a0included in revenue) where the Group is the principal in the arrangement. Value added
taxes are\u00a0recorded on a net basis (i.e. excluded from revenue). The Group assesses these
taxes\u00a0and\u00a0duties on a jurisdiction by jurisdiction basis to conclude on the appropriate
accounting treatment.
The rest of the accounting policies applied by the Group are included in the relevant
notes\u00a0herein.
New and amended standards
The Group has applied the following amendments for the first time in the year ended
31\u00a0December\u00a02025:
Amendments to IAS 21 \u2013 Lack of Exchangeability (effective for annual periods beginning on or after
1 January 2025)
In August 2023, the IASB amended IAS 21 to assist entities in the determination of whether
a currency is exchangeable into another currency, and which spot exchange rate to use
when it is not. The amendments also require disclosures that enable the users of financial
information to understand how the currency not being exchangeable to another currency
affects, or is expected to affect, the entity\u2019s financial operations, financial position and
cash flows.
These amendments had no impact on the consolidated financial statements of the Group.
The Group has not early adopted any standards and amendments to accounting standards
that have been issued but are not yet effective. The Group\u2019s assessment of the impact
of\u00a0these standards and amendments is set out below:
Amendments to IFRS 9 and IFRS 7 \u2013 Classification and Measurement of Financial Instruments
(effective for annual periods beginning on or after 1 January 2026)
On 30 May 2024, the IASB issued targeted amendments to IFRS 9 and IFRS 7 to respond
to\u00a0recent questions arising in practice, and to include new requirements not only for
financial institutions but also for corporate entities. These amendments:
\u25a0 clarify the date of recognition and derecognition of some financial assets and liabilities,
with a new exception for some financial liabilities settled through an electronic cash
transfer system;
\u25a0 clarify and add further guidance for assessing whether a financial asset meets the
solely payments of principle and interest (SPPI) criterion;
\u25a0 add new disclosures for certain instruments with contractual terms that can change
cash flows (such as some financial instruments with features linked to the achievement
of environmental, social and governance targets); and
\u25a0 update the disclosures for equity instruments designated at fair value through other
comprehensive income (FVOCI).
The Group does not expect these amendments to have a material impact on its operations
or consolidated financial statements.
Amendments to IFRS 9 and IFRS 7 \u2013 Contracts Referencing Nature-dependent Electricity
(effective for annual periods beginning on or after 1 January 2026)
In December 2024, the IASB issued Contracts Referencing Nature-dependent Electricity
(Amendments to IFRS 9 and IFRS 7). These amendments:
\u25a0 clarify the application of the \u201cown-use\u201d requirements;
\u25a0 permit hedge accounting if these contracts are used as hedging instruments; and
\u25a0 introduce new disclosure requirements to enable investors to understand the effects
of these contracts on an entity\u2019s financial performance and cash flows.
The clarifications regarding the \u201cown-use\u201d requirements must be applied retrospectively,
but the guidance permitting the hedge accounting have to be applied prospectively to new
hedging relations designated on or after the date of initial application.
The Group does not expect these amendments to have a material impact on its operations
or consolidated financial statements.
IFRS 18 \u2013 Presentation and Disclosures in Financial Statements (effective for annual periods
beginning on or after 1 January 2027)
In April 2024, the IASB issued IFRS 18, which replaces IAS 1 - Presentation of Financial
Statements. IFRS 18 introduces new requirements for presentation within the income
statement, including specified totals and subtotals. Further, entities are required to
classify all income and expenses within the income statement into one of five categories:
operating, investing, financing, income taxes and discontinued operations, whereof the
first\u00a0three are new.
It also requires disclosure of management-defined performance measures, subtotals of
income and expenses, and includes new requirements for aggregation and disaggregation
of financial information.
In addition, narrow-scope amendments have been made to IAS 7 - Statement of Cash
Flows, which include changing the starting point for determining the cash flows from
operations under the indirect method, from \u201cprofit or loss\u201d to \u201coperating profit or loss\u201d and
removing the optionality around classification of cash flows from dividends and interest.
Even though IFRS 18 will not affect the recognition or measurement of items in the financial
statements, it is expected to have a significant impact on the presentation of the income
statement and related disclosures. The Group has continued to progress its assessment
of\u00a0the relevant effects of the new standard and is in the process of determining the
specific implications for its consolidated financial statements.
IFRS 19 \u2013 Subsidiaries without Public Accountability: Disclosures (effective for annual periods
beginning on or after 1 January 2027)
Issued in May 2024, IFRS 19 allows for certain eligible subsidiaries of parent entities that
report under IFRS Accounting Standards to apply reduced disclosure requirements.
As the Group\u2019s equity instruments are publicly traded, it is not eligible to elect to apply
IFRS\u00a019.
Amendments to IAS 21 - Translation to a Hyperinflationary Presentation Currency (effective for
annual periods beginning on or after 1 January 2027)
In November 2025, the Board issued Translation to a Hyperinflationary Presentation
Currency (Amendments to IAS 21). Under the amendments, when an entity\u2019s functional
currency is not hyperinflationary but its presentation currency is, all amounts, including
comparatives, need to be translated into the presentation currency using the closing rate
at the reporting date.
If both the functional and presentation currencies are hyperinflationary, the entity is
required to restate the comparative information of foreign operations with
non\u2011hyperinflationary functional currencies using the general price index, in accordance
with IAS 29.
The amendments also introduce additional disclosure requirements.
The Group does not expect these amendments to have an impact on its operations or
consolidated financial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-673": { "value": "
IFRS\u00a015 - Revenue Recognition and Deductions from Revenue
The Group derives its revenues by making, selling and distributing ready to drink beverages.
The revenue from the sale of products is recognised at the point in time at which control
passes to a customer, typically when products are delivered to a customer. A receivable is
recognised by the Group at the point in time at which the right to consideration becomes
unconditional.
The Group uses various promotional programmes under which rebates, refunds, price
concessions or similar items can be earned by customers for attaining agreed upon
sales\u00a0levels or for participating in specific marketing programmes. Those promotional
programmes do not give rise to a separate performance obligation. Where the
consideration the Group is entitled to varies because of such programmes, it is deemed
to\u00a0be variable consideration. The related customer marketing accruals are recognised
as\u00a0a\u00a0deduction from revenue and are not considered distinct from the sale of products
to\u00a0the\u00a0customer. Variable consideration is only included to the extent that it is highly
probable that the inclusion will not result in a significant revenue reversal in the future.
Financing elements are not deemed present in our contracts with customers, as the
sales\u00a0are made with credit terms not exceeding normal commercial terms. Taxes on
sugared soft\u00a0drinks, excise taxes and taxes on packaging are recorded on a gross basis
(i.e.\u00a0included in revenue) where the Group is the principal in the arrangement. Value added
taxes are\u00a0recorded on a net basis (i.e. excluded from revenue). The Group assesses these
taxes\u00a0and\u00a0duties on a jurisdiction by jurisdiction basis to conclude on the appropriate
accounting treatment.
The rest of the accounting policies applied by the Group are included in the relevant
notes\u00a0herein.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-672": { "value": "
IFRS\u00a015 - Revenue Recognition and Deductions from Revenue
The Group uses various promotional programmes under which rebates, refunds, price
concessions or similar items can be earned by customers for attaining agreed upon
sales\u00a0levels or for participating in specific marketing programmes. Those promotional
programmes do not give rise to a separate performance obligation. Where the
consideration the Group is entitled to varies because of such programmes, it is deemed
to\u00a0be variable consideration. The related customer marketing accruals are recognised
as\u00a0a\u00a0deduction from revenue and are not considered distinct from the sale of products
to\u00a0the\u00a0customer. Variable consideration is only included to the extent that it is highly
probable that the inclusion will not result in a significant revenue reversal in the future.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-674": { "value": "
Note 3
Significant judgements and estimates
In preparing these consolidated financial statements, management has made judgements
and\u00a0estimates that affect the application of the Group\u2019s accounting policies and the
reported amounts of assets and liabilities, income and expense. Actual results may differ
from these estimates. Estimates and underlying assumptions are reviewed on an ongoing
basis. Revisions to\u00a0estimates are recognised prospectively. The significant judgements
made in applying the Group\u2019s accounting policies were applied consistently across the
annual periods.
The significant judgements and key sources of estimation uncertainty that have a
significant effect on the amounts recognised in these financial statements are outlined
below.
Significant judgements
Intangible assets and goodwill
The Group has assigned indefinite lives to its bottling agreements with TCCC. This
judgement has been made after evaluating the contractual provisions of the bottling
agreements, the Group\u2019s mutually beneficial relationship with TCCC and the history of
renewals for bottling agreements.
Refer to Note 6 for\u00a0further details on the judgement regarding the lives of bottling
agreements.
Significant estimates
Impairment of indefinite lived intangible assets and goodwill
Determining whether goodwill and intangible assets with indefinite lives are impaired,
requires an estimation of the value in use or the fair value less costs to sell of the cash
generating unit (CGU) to which the goodwill and/or intangible assets have been allocated.
The value in use calculation requires management\u2019s estimation of the future cash flows
expected to arise from the CGU, including climate-related risks. Refer to Note 6 for the
sensitivity analysis of the assumptions used in the impairment analysis of goodwill and
intangible assets with indefinite lives.
Deductions from revenue and sales incentives
The Group participates in various promotional programmes with customers designed
to\u00a0increase the sale of products. Among the programmes are arrangements under which
rebates, refunds, price concessions or similar items can be earned by customers for
attaining agreed upon sales levels, or for participating in specific marketing programmes.
Those promotional programmes do\u00a0not give rise to a separate performance obligation.
Where the consideration the Group is entitled to varies because of such programmes,
the\u00a0amount payable is deemed to be variable consideration. Management makes estimates
on an ongoing basis for each individual promotion to assess the value of the variable
consideration based on historical customer experience, the programme\u2019s contractual
terms and the amounts expected to be settled with customers. The related accruals are
recognised as a deduction from revenue and are not considered distinct from the sale
of\u00a0products to the customer. Refer to Note 15 for further details.
Income tax
The Group is subject to income taxes in numerous jurisdictions and there are many
transactions for which the ultimate tax determination cannot be assessed with certainty in
the ordinary course of business. The Group recognises a provision for situations that might
arise in the foreseeable future based on an assessment of the probabilities as to whether
additional taxes will be due. In addition, the Group is involved in various resolution
processes with tax authorities. Where it is not probable that the taxation authority will
accept the tax treatment, management recognises its best estimate of the resulting
liability measured in line with IFRIC 23. Where the final outcome on these matters is
different from the amounts that were initially recorded, such differences impact the tax
provision in the period in which such determination is made. These estimates are subject to
potential change over time as new facts emerge and each circumstance progresses. The
evaluation of deferred tax asset recoverability requires estimates to be made regarding
the availability of future taxable income in the jurisdiction giving rise to the deferred tax
asset. Refer to Note 21 for further details regarding income taxes.
Defined benefit plans
The determination of pension benefit costs and obligations is estimated based on
assumptions determined with the assistance of external actuarial advice. The key
assumptions impacting the valuations are the discount rate, rate of compensation
increases, inflation rate and mortality rates. Refer to Note 16 for further details about
the\u00a0Group\u2019s defined benefit pension plan costs and obligations, including sensitivities
to\u00a0the\u00a0key assumptions applied.
TCCC franchise intangible assets
The Group\u2019s bottling agreements with TCCC contain performance requirements
and\u00a0convey the rights to distribute and sell products within specified territories.
The\u00a0agreements in each territory are for an initial term of 10 years and may be renewed
for successive terms of 10 years. The Group believes that its interdependent relationship
with TCCC and the substantial cost and disruption to TCCC that would be caused by
non-renewal ensure that these agreements will continue to be renewed and, therefore,
are essentially perpetual.
The Group has never had a bottling agreement with TCCC terminated due to non\u2011performance
of the terms of the agreement or due to a decision by TCCC to terminate an agreement
at\u00a0the expiration of a term. After evaluating the contractual provisions of the bottling
agreements as at 31\u00a0December\u00a02025, the Group\u2019s mutually beneficial relationship with
TCCC and history of renewals, indefinite lives have been assigned to all of the Group\u2019s
TCCC bottling agreements.
Impairment of indefinite lived intangible assets and goodwill
Each CGU is tested for impairment annually in the fourth quarter or whenever there is an
indication of impairment. The recoverable amount of each CGU is normally determined
through a value in use calculation. To determine value in use for a CGU, estimated future
cash flows are discounted to their present values using a pre-tax discount rate reflective
of the current market conditions and risks specific to each CGU. The projected cash flows
are based on the CGU in its current condition and exclude cash flows arising from future
restructuring or from capital expenditure that would enhance or expand the performance
of the CGU. If the carrying value of a CGU exceeds its recoverable amount, the carrying
value of the CGU is reduced to its recoverable amount and impairment charges are
recognised immediately within the consolidated income statement. Impairment charges
other than those related to goodwill may be reversed in future periods if a subsequent test
indicates that the recoverable amount has increased. Such recoveries may not exceed
a\u00a0CGU\u2019s original carrying value less any depreciation that would have been recognised
if\u00a0no\u00a0impairment charges were previously recorded.
The Group\u2019s CGUs are based on geography and generally represent the individual territories
in which the Group operates. For the purposes of allocating intangibles, each indefinite lived
intangible asset is allocated to the geographic region to which the agreement relates and
goodwill is allocated to each of the CGUs expected to benefit from a business combination,
irrespective of whether other assets and liabilities of the acquired businesses are assigned
to the CGUs.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers .", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-675": { "value": "
Note 4
Segment information
Description of segment and principal activities
The Group derives its revenues through a single business activity, which is making, selling
and distributing an extensive range of primarily non-alcoholic ready to drink beverages.
The\u00a0Group\u2019s Board continues to be its Chief Operating Decision Maker (CODM), which
allocates resources and evaluates performance of its operating segments based on
volume, revenue and comparable operating profit. Comparable operating profit excludes
items impacting the comparability of period over period financial performance.
The following table provides a reconciliation between reportable segment operating profit
and consolidated profit before tax:
Year ended 31 December
2025
2024
2023
Europe
APS
Total
Europe
APS
Total
Europe
APS
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Revenue
15,404
5,497
20,901
14,971
5,467
20,438
14,553
3,749
18,302
Comparable
operating\u00a0profit (A)
2,139
669
2,808
2,015
648
2,663
1,888
485
2,373
Items impacting
comparability (B)
(15)
(531)
(34)
Reported operating
profit
2,793
2,132
2,339
Total finance costs,
net
(203)
(187)
(120)
Non-operating items
(21)
(9)
(16)
Reported profit
before\u00a0tax
2,569
1,936
2,203
(A) Comparable operating profit includes comparable depreciation and amortisation of \u20ac613 million and
\u20ac279 million for Europe and APS, respectively, for the year ended 31\u00a0December\u00a02025. Comparable
depreciation and amortisation charges for the year ended 31\u00a0December\u00a02024 totalled \u20ac596 million
and\u00a0\u20ac265 million for Europe and APS, respectively. Comparable depreciation and amortisation
charges\u00a0for the year ended 31\u00a0December\u00a02023 totalled \u20ac558 million and \u20ac196 million for Europe
and\u00a0APS, respectively.
(B) Items impacting the comparability of period over period financial performance for 2025 primarily include
restructuring charges of \u20ac105\u00a0million (refer to Note 18), accelerated amortisation charges of \u20ac27\u00a0million
(refer to Note 6), \u20ac6\u00a0million of deal and integration costs related to the Acquisition, offset by \u20ac30\u00a0million
of\u00a0other income related to the additional consideration received from the sale of a property in Germany
(refer to Note 24), \u20ac74\u00a0million of other income related to gains on the sales of properties in Germany
and\u00a0GB\u00a0(refer to Note 24) and a litigation provision reversal of \u20ac19\u00a0million (refer to Note 23).
Items impacting the comparability of period over period financial performance for 2024 primarily include
restructuring charges of \u20ac264\u00a0million (refer to Note 18), \u20ac14\u00a0million of deal and integration costs related
to\u00a0the Acquisition, impairment charges of \u20ac189\u00a0million mainly related to the Group\u2019s Indonesia CGU
(refer\u00a0to\u00a0Note 6) and accelerated amortisation charges of \u20ac55\u00a0million (refer to Note 6).
Items impacting the comparability for 2023 included restructuring charges of \u20ac94 million (refer to Note 18)
and accelerated amortisation charges of \u20ac27\u00a0million (refer to Note 6), partially offset by \u20ac18\u00a0million of
royalty income arising from the ownership of certain mineral rights in Australia, considerations of \u20ac35\u00a0million
received relating to the sale of the sub-strata and associated mineral rights in Australia and gains of
\u20ac54\u00a0million mainly attributable to the sale of property in Germany.
No single customer accounted for more than 10% of the Group\u2019s revenue during the years
ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023.
Revenue by geography\u2666
The following table summarises revenue from external customers by geography, which is
based on the origin of the sale, for the periods presented:
Year ended 31 December
Revenue:
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Great Britain
3,470
3,327
3,235
Iberia(A)
3,429
3,398
3,325
Germany
3,203
3,179
3,018
France (B)
2,439
2,322
2,321
Belgium/Luxembourg
1,082
1,070
1,078
Netherlands
833
785
718
Sweden
433
410
398
Norway
427
398
376
Iceland
88
82
84
Total Europe
15,404
14,971
14,553
Australia
2,360
2,475
2,385
Philippines
1,890
1,652
\u2014
New Zealand and Pacific Islands
662
694
679
Indonesia
328
403
458
Papua New Guinea
257
243
227
Total APS
5,497
5,467
3,749
Total CCEP
20,901
20,438
18,302
(A) Iberia refers to Spain, Portugal and Andorra.
(B) France refers to continental France and Monaco.
Assets by geography
Assets are allocated based on operations and physical location. The following table
summarises non-current assets, other than financial instruments, deferred tax assets
and\u00a0post-employment benefit assets, by geography as at the dates presented:
Year ended 31 December
Assets:
2025
2024
\u20ac million
\u20ac million
Iberia(A)
6,479
6,478
Germany
3,063
3,089
Great Britain
2,486
2,616
France (B)
1,032
1,002
Belgium/Luxembourg
546
563
Netherlands
425
433
Sweden
354
337
Norway
206
212
Iceland
37
40
Other unallocated
577
442
Total Europe
15,205
15,212
Australia
4,580
4,822
Philippines
1,860
2,008
New Zealand and Pacific Islands
1,456
1,603
Papua New Guinea
246
297
Indonesia
193
222
Other unallocated
8
\u2014
Total APS
8,343
8,952
Total CCEP
23,548
24,164
(A) Iberia refers to Spain, Portugal and Andorra.
(B) France refers to continental France and Monaco.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-676": { "value": "
Note 4
Segment information
The following table provides a reconciliation between reportable segment operating profit
and consolidated profit before tax:
Year ended 31 December
2025
2024
2023
Europe
APS
Total
Europe
APS
Total
Europe
APS
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Revenue
15,404
5,497
20,901
14,971
5,467
20,438
14,553
3,749
18,302
Comparable
operating\u00a0profit (A)
2,139
669
2,808
2,015
648
2,663
1,888
485
2,373
Items impacting
comparability (B)
(15)
(531)
(34)
Reported operating
profit
2,793
2,132
2,339
Total finance costs,
net
(203)
(187)
(120)
Non-operating items
(21)
(9)
(16)
Reported profit
before\u00a0tax
2,569
1,936
2,203
(A) Comparable operating profit includes comparable depreciation and amortisation of \u20ac613 million and
\u20ac279 million for Europe and APS, respectively, for the year ended 31\u00a0December\u00a02025. Comparable
depreciation and amortisation charges for the year ended 31\u00a0December\u00a02024 totalled \u20ac596 million
and\u00a0\u20ac265 million for Europe and APS, respectively. Comparable depreciation and amortisation
charges\u00a0for the year ended 31\u00a0December\u00a02023 totalled \u20ac558 million and \u20ac196 million for Europe
and\u00a0APS, respectively.
(B) Items impacting the comparability of period over period financial performance for 2025 primarily include
restructuring charges of \u20ac105\u00a0million (refer to Note 18), accelerated amortisation charges of \u20ac27\u00a0million
(refer to Note 6), \u20ac6\u00a0million of deal and integration costs related to the Acquisition, offset by \u20ac30\u00a0million
of\u00a0other income related to the additional consideration received from the sale of a property in Germany
(refer to Note 24), \u20ac74\u00a0million of other income related to gains on the sales of properties in Germany
and\u00a0GB\u00a0(refer to Note 24) and a litigation provision reversal of \u20ac19\u00a0million (refer to Note 23).
Items impacting the comparability of period over period financial performance for 2024 primarily include
restructuring charges of \u20ac264\u00a0million (refer to Note 18), \u20ac14\u00a0million of deal and integration costs related
to\u00a0the Acquisition, impairment charges of \u20ac189\u00a0million mainly related to the Group\u2019s Indonesia CGU
(refer\u00a0to\u00a0Note 6) and accelerated amortisation charges of \u20ac55\u00a0million (refer to Note 6).
Items impacting the comparability for 2023 included restructuring charges of \u20ac94 million (refer to Note 18)
and accelerated amortisation charges of \u20ac27\u00a0million (refer to Note 6), partially offset by \u20ac18\u00a0million of
royalty income arising from the ownership of certain mineral rights in Australia, considerations of \u20ac35\u00a0million
received relating to the sale of the sub-strata and associated mineral rights in Australia and gains of
\u20ac54\u00a0million mainly attributable to the sale of property in Germany.
Revenue by geography\u2666
The following table summarises revenue from external customers by geography, which is
based on the origin of the sale, for the periods presented:
Year ended 31 December
Revenue:
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Great Britain
3,470
3,327
3,235
Iberia(A)
3,429
3,398
3,325
Germany
3,203
3,179
3,018
France (B)
2,439
2,322
2,321
Belgium/Luxembourg
1,082
1,070
1,078
Netherlands
833
785
718
Sweden
433
410
398
Norway
427
398
376
Iceland
88
82
84
Total Europe
15,404
14,971
14,553
Australia
2,360
2,475
2,385
Philippines
1,890
1,652
\u2014
New Zealand and Pacific Islands
662
694
679
Indonesia
328
403
458
Papua New Guinea
257
243
227
Total APS
5,497
5,467
3,749
Total CCEP
20,901
20,438
18,302
(A) Iberia refers to Spain, Portugal and Andorra.
(B) France refers to continental France and Monaco.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-677": { "value": "
Note 5
Earnings per share
Basic earnings per share is calculated by dividing profit after taxes by the weighted average
number of Shares in issue during the period, after deducting the weighted average number
of treasury shares held. Diluted earnings per share is calculated in a similar manner, but
includes the effect of dilutive securities, principally share options, restricted stock units
and performance share units. Share-based payment awards that are contingently issuable
upon the achievement of specified market and/or performance conditions are included
in\u00a0the diluted earnings per share calculation based on the number of Shares that would
be\u00a0issuable if the end of the period was the end of the contingency period.
The following table summarises basic and diluted earnings per share calculations for the
years presented:
Year ended 31 December
2025
2024
2023
Profit after taxes attributable to equity
shareholders (\u20ac\u00a0million)
1,942
1,418
1,669
Basic weighted average number of Shares
in\u00a0issue (A) (million)
456
460
459
Effect of dilutive potential Shares (B) (million)
\u2014
1
\u2014
Diluted weighted average number of Shares
in issue (A) (million)
456
461
459
Basic earnings per share (C) (\u20ac)
4.26
3.08
3.64
Diluted earnings per share (C) (\u20ac)
4.26
3.08
3.63
(A) As at 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, the Group had 449,086,551 ,
460,947,057 and 459,200,818\u00a0Shares, respectively, in issue. As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024
the Group held 440,588 and 92,564 Shares respectively, that were acquired in the market by Coca-Cola
Europacific Partners plc Employee Benefit Trust (see Note 17), classified as treasury shares for accounting
purposes. The Shares held by the trust are excluded from the calculation of basic and diluted earnings per
share. The Group did not hold any treasury shares as at 31\u00a0December\u00a02023.
(B) For the years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, no outstanding options
to purchase Shares were excluded from the diluted earnings per share calculation. The dilutive impact
of\u00a0all outstanding options, unvested restricted stock units and unvested performance share units was
included in the effect of dilutive securities.
(C) Basic and diluted earnings per share are calculated prior to rounding.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-678": { "value": "
Earnings per share
Basic earnings per share is calculated by dividing profit after taxes by the weighted average
number of Shares in issue during the period, after deducting the weighted average number
of treasury shares held. Diluted earnings per share is calculated in a similar manner, but
includes the effect of dilutive securities, principally share options, restricted stock units
and performance share units. Share-based payment awards that are contingently issuable
upon the achievement of specified market and/or performance conditions are included
in\u00a0the diluted earnings per share calculation based on the number of Shares that would
be\u00a0issuable if the end of the period was the end of the contingency period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-681": { "value": "
Note 6
Intangible assets and goodwill
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
TCCC franchise intangible assets
The Group\u2019s bottling agreements with TCCC contain performance requirements
and\u00a0convey the rights to distribute and sell products within specified territories.
The\u00a0agreements in each territory are for an initial term of 10 years and may be renewed
for successive terms of 10 years. The Group believes that its interdependent relationship
with TCCC and the substantial cost and disruption to TCCC that would be caused by
non-renewal ensure that these agreements will continue to be renewed and, therefore,
are essentially perpetual.
The Group has never had a bottling agreement with TCCC terminated due to non\u2011performance
of the terms of the agreement or due to a decision by TCCC to terminate an agreement
at\u00a0the expiration of a term. After evaluating the contractual provisions of the bottling
agreements as at 31\u00a0December\u00a02025, the Group\u2019s mutually beneficial relationship with
TCCC and history of renewals, indefinite lives have been assigned to all of the Group\u2019s
TCCC bottling agreements.
Goodwill
Goodwill is initially measured as the excess of the total consideration transferred over
the\u00a0amount recognised for net identifiable assets acquired and liabilities assumed in
a\u00a0business combination. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, the gain is recognised in the consolidated income
statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested
annually for impairment at the CGU level or more frequently if events or changes
in\u00a0circumstances indicate that it might be impaired. Goodwill acquired in a business
combination is allocated to the CGU that is expected to benefit from the synergies
of\u00a0the\u00a0combination, irrespective of whether a CGU is part of the business combination.
Assets under construction
Assets under construction are carried at cost and are not amortised until they
are\u00a0available for use. When an asset under construction is ready for its intended use,
it\u00a0is\u00a0transferred to the appropriate category of intangible assets, after which
amortisation\u00a0begins.
Intangible assets with finite lives
Intangible assets with finite lives are measured at cost of acquisition or production and are
amortised using the straight-line method over their respective estimated useful lives. Finite
lived intangible assets are assessed for impairment whenever there is an indication that
they may be impaired. The amortisation period and method are reviewed annually.
Internally generated software
The Group capitalises certain development costs associated with internally developed
software, including external direct costs of materials and services, and payroll costs
for\u00a0employees devoting time to a software project and any such software acquired as part
of a business combination. Development expenditure is recognised as an intangible asset
only after its technical feasibility and commercial viability can be demonstrated. When
capitalised software is not integral to related hardware, it is treated as an intangible asset;
otherwise it is included within property, plant and equipment. The estimated useful life of
capitalised software is predominantly between five and ten years. Amortisation expense
for capitalised software is included within administrative expenses and was \u20ac109 million,
\u20ac107 million and \u20ac94 million for the years ended 31\u00a0December\u00a02025, 31\u00a0December 2024
and\u00a031\u00a0December\u00a02023, respectively.
Customer relationships
The Group has acquired certain customer relationships in connection with business
combinations. These customer relationships are recorded at fair value on the date
of\u00a0acquisition, and amortised over an estimated useful life between 17 and 20 years.
Amortisation expense for these assets is included within administrative expenses
and\u00a0was\u00a0\u20ac12 million, \u20ac12 million and \u20ac10 million for the years ended 31\u00a0December\u00a02025,
31\u00a0December\u00a02024 and 31 December 2023, respectively.
Non-TCCC franchise intangible
In connection with the acquisition of Coca-Cola Amatil Limited in 2021, the Group acquired
certain bottling agreements with non-TCCC distribution partners, mainly Beam Suntory,
which contain performance requirements and convey the rights to distribute and sell
products within specified APS territories. The non-TCCC bottling arrangements were
recorded at fair value at the acquisition date and were initially amortised over an expected
useful life of 20 years . On 2 August 2023, the Group announced that CCEP and Beam
Suntory would discontinue their relationship effective 1 July 2025 (Australia) and
1 January 2026 (New Zealand). CCEP remained the exclusive manufacturing, sales and
distribution partner for Beam Suntory in Australia and New Zealand through to the end of
the current contractual terms which expired on 30 June 2025 and 31 December 2025,
respectively. The\u00a0discontinuance of the relationship triggered a change in the assigned
useful life of the intangible assets effective from the second half of 2023, resulting in an
accelerated amortisation charge of \u20ac27\u00a0million, \u20ac55\u00a0million and \u20ac27\u00a0million recognised for
the years ending 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023,
respectively. As at 31\u00a0December\u00a02025, there are no longer any finite lived intangible assets
related to the Beam Suntory distribution rights. Total amortisation expense for these
assets is recognised within administrative expenses amounting to \u20ac31 million, \u20ac63 million
and \u20ac35 million for the years ended 31\u00a0December\u00a02025, 31\u00a0December 2024 and
31 December 2023, respectively.
Balances and movements in intangible assets and goodwill
The following table summarises the movements in the carrying amounts of intangible assets and goodwill for the periods presented:
TCCC
franchise
intangible
Brands
Software
Customer
relationships
Non-TCCC
franchise
intangible
Assets under
construction
Total
intangibles
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Cost:
As at 31 December 2023
11,758
32
720
194
142
94
12,940
4,514
Additions
\u2014
\u2014
74
\u2014
\u2014
124
198
\u2014
Acquisition of CCBPI
440
\u2014
\u2014
38
\u2014
\u2014
478
276
Disposals
\u2014
(10)
(35)
\u2014
\u2014
\u2014
(45)
\u2014
Transfers and reclassifications
\u2014
\u2014
45
\u2014
\u2014
(50)
(5)
\u2014
Currency translation adjustments
(51)
\u2014
2
(2)
(4)
4
(51)
(73)
As at 31 December 2024
12,147
22
806
230
138
172
13,515
4,717
Additions
\u2014
\u2014
54
6
\u2014
177
237
\u2014
Disposals
\u2014
\u2014
(24)
\u2014
(127)
\u2014
(151)
\u2014
Transfers and reclassifications
\u2014
\u2014
30
\u2014
\u2014
(24)
6
\u2014
Currency translation adjustments
(348)
(1)
(19)
(6)
(9)
(2)
(385)
(167)
As at 31 December 2025
11,799
21
847
230
2
323
13,222
4,550
Accumulated amortisation and impairment:
As at 31 December 2023
\u2014
\u2014
(426)
(71)
(48)
\u2014
(545)
\u2014
Amortisation expense
\u2014
\u2014
(107)
(12)
(63)
\u2014
(182)
\u2014
Disposals
\u2014
10
35
\u2014
\u2014
\u2014
45
\u2014
Impairment(A)
(67)
(10)
(4)
\u2014
\u2014
(2)
(83)
(30)
Currency translation adjustments
\u2014
\u2014
(5)
1
3
\u2014
(1)
\u2014
As at 31 December 2024
(67)
\u2014
(507)
(82)
(108)
(2)
(766)
(30)
Amortisation expense
\u2014
\u2014
(109)
(12)
(31)
\u2014
(152)
\u2014
Disposals
\u2014
\u2014
24
\u2014
127
\u2014
151
\u2014
Currency translation adjustments
10
\u2014
14
(1)
10
2
35
16
As at 31 December 2025
(57)
\u2014
(578)
(95)
(2)
\u2014
(732)
(14)
Net book value:
As at 31 December 2023
11,758
32
294
123
94
94
12,395
4,514
As at 31 December 2024
12,080
22
299
148
30
170
12,749
4,687
As at 31 December 2025
11,742
21
269
135
\u2014
323
12,490
4,536
(A) Amounts relate to the impairment of the Group\u2019s Indonesia cash generating unit and the impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
Impairment of indefinite lived intangible assets and goodwill
Each CGU is tested for impairment annually in the fourth quarter or whenever there is an
indication of impairment. The recoverable amount of each CGU is normally determined
through a value in use calculation. To determine value in use for a CGU, estimated future
cash flows are discounted to their present values using a pre-tax discount rate reflective
of the current market conditions and risks specific to each CGU. The projected cash flows
are based on the CGU in its current condition and exclude cash flows arising from future
restructuring or from capital expenditure that would enhance or expand the performance
of the CGU. If the carrying value of a CGU exceeds its recoverable amount, the carrying
value of the CGU is reduced to its recoverable amount and impairment charges are
recognised immediately within the consolidated income statement. Impairment charges
other than those related to goodwill may be reversed in future periods if a subsequent test
indicates that the recoverable amount has increased. Such recoveries may not exceed
a\u00a0CGU\u2019s original carrying value less any depreciation that would have been recognised
if\u00a0no\u00a0impairment charges were previously recorded.
The Group\u2019s CGUs are based on geography and generally represent the individual territories
in which the Group operates. For the purposes of allocating intangibles, each indefinite lived
intangible asset is allocated to the geographic region to which the agreement relates and
goodwill is allocated to each of the CGUs expected to benefit from a business combination,
irrespective of whether other assets and liabilities of the acquired businesses are assigned
to the CGUs.
The following table identifies the carrying value of goodwill and indefinite lived intangible
assets attributable to each significant CGU of the Group. In addition to the significant
CGUs\u00a0of the Group, as at 31\u00a0December\u00a02025, the Group had other CGUs with total indefinite
lived intangible assets of \u20ac1,251 million (2024: \u20ac1,222 million) and goodwill of\u00a0\u20ac335 million
(2024:\u00a0\u20ac260 million).
Year ended 31 December
2025
2024
Cash generating unit
Indefinite lived
intangible assets
Goodwill
Indefinite lived
intangible assets
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Iberia
4,289
1,275
4,289
1,275
Australia
2,399
1,288
2,510
1,412
Great Britain
1,676
198
1,760
198
Germany
1,060
748
1,060
748
Pacific(A)
704
450
821
518
Philippines
384
242
440
276
(A) Pacific refers to New Zealand and Pacific Islands.
The recoverable amount of each CGU was determined through a value in use calculation,
which uses cash flow projections for a five-year period. These projections reflect the
impact of climate change on our business over the medium to long term, as well as the
mitigating actions and strategies we are undertaking to support our commitment to reach
Net Zero by 2040. The key assumptions used in projecting these cash flows were as follows:
\u25a0 Growth rate and operating margins: Cash flows were projected based on the Group\u2019s
strategic business plan. Cash flows for the terminal year and beyond were projected
using an inflation-based long-term terminal growth rate between 2.0% and 4.5%.
\u25a0 Discount rate: A weighted average cost of capital was applied specific to each CGU
as\u00a0a\u00a0hurdle rate to discount cash flows. The discount rates represent the current
market assessment of the risks specific to each CGU, taking into consideration the
time\u00a0value of money and individual risks of the underlying assets that have not been
incorporated in the cash flow estimates. The following table summarises the pre-tax
discount rate attributable to each significant CGU.
2025
2024
Pre-tax
discount rate
Pre-tax
discount rate
Cash generating unit
%
%
Iberia
9.3
9.3
Australia
11.8
11.3
Great Britain
9.3
9.3
Germany
9.8
10.1
Pacific(A)
11.3
11.3
Philippines
14.1
13.9
(A) Pacific refers to New Zealand and Pacific Islands.
The Group\u2019s Iberia, Australia, Great Britain and Germany CGUs have substantial
headroom\u00a0when comparing the value in use calculation of the CGU versus the CGU\u2019s
total\u00a0carrying value.
For the Group\u2019s Pacific CGU, the headroom in the 2025 impairment analysis was
approximately 20% of total carrying value. The Group estimates that a 1.6% reduction
in\u00a0the\u00a0terminal growth rate or a 1.2% increase in the discount rate, each in isolation,
would\u00a0eliminate existing headroom in Pacific.
For the Group\u2019s Philippines CGU, the headroom in the 2025 impairment analysis was
approximately 16% of total carrying value. The Group estimates that a 1.2% reduction in
the\u00a0terminal growth rate or a 0.9% increase in the discount rate, each in isolation, would
eliminate existing headroom in Philippines.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-680": { "value": "
Note 6
Intangible assets and goodwill
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
TCCC franchise intangible assets
The Group\u2019s bottling agreements with TCCC contain performance requirements
and\u00a0convey the rights to distribute and sell products within specified territories.
The\u00a0agreements in each territory are for an initial term of 10 years and may be renewed
for successive terms of 10 years. The Group believes that its interdependent relationship
with TCCC and the substantial cost and disruption to TCCC that would be caused by
non-renewal ensure that these agreements will continue to be renewed and, therefore,
are essentially perpetual.
The Group has never had a bottling agreement with TCCC terminated due to non\u2011performance
of the terms of the agreement or due to a decision by TCCC to terminate an agreement
at\u00a0the expiration of a term. After evaluating the contractual provisions of the bottling
agreements as at 31\u00a0December\u00a02025, the Group\u2019s mutually beneficial relationship with
TCCC and history of renewals, indefinite lives have been assigned to all of the Group\u2019s
TCCC bottling agreements.
Goodwill
Goodwill is initially measured as the excess of the total consideration transferred over
the\u00a0amount recognised for net identifiable assets acquired and liabilities assumed in
a\u00a0business combination. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, the gain is recognised in the consolidated income
statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested
annually for impairment at the CGU level or more frequently if events or changes
in\u00a0circumstances indicate that it might be impaired. Goodwill acquired in a business
combination is allocated to the CGU that is expected to benefit from the synergies
of\u00a0the\u00a0combination, irrespective of whether a CGU is part of the business combination.
Assets under construction
Assets under construction are carried at cost and are not amortised until they
are\u00a0available for use. When an asset under construction is ready for its intended use,
it\u00a0is\u00a0transferred to the appropriate category of intangible assets, after which
amortisation\u00a0begins.
Intangible assets with finite lives
Intangible assets with finite lives are measured at cost of acquisition or production and are
amortised using the straight-line method over their respective estimated useful lives. Finite
lived intangible assets are assessed for impairment whenever there is an indication that
they may be impaired. The amortisation period and method are reviewed annually.
Internally generated software
The Group capitalises certain development costs associated with internally developed
software, including external direct costs of materials and services, and payroll costs
for\u00a0employees devoting time to a software project and any such software acquired as part
of a business combination. Development expenditure is recognised as an intangible asset
only after its technical feasibility and commercial viability can be demonstrated. When
capitalised software is not integral to related hardware, it is treated as an intangible asset;
otherwise it is included within property, plant and equipment. The estimated useful life of
capitalised software is predominantly between five and ten years. Amortisation expense
for capitalised software is included within administrative expenses and was \u20ac109 million,
\u20ac107 million and \u20ac94 million for the years ended 31\u00a0December\u00a02025, 31\u00a0December 2024
and\u00a031\u00a0December\u00a02023, respectively.
Customer relationships
The Group has acquired certain customer relationships in connection with business
combinations. These customer relationships are recorded at fair value on the date
of\u00a0acquisition, and amortised over an estimated useful life between 17 and 20 years.
Amortisation expense for these assets is included within administrative expenses
and\u00a0was\u00a0\u20ac12 million, \u20ac12 million and \u20ac10 million for the years ended 31\u00a0December\u00a02025,
31\u00a0December\u00a02024 and 31 December 2023, respectively.
Non-TCCC franchise intangible
In connection with the acquisition of Coca-Cola Amatil Limited in 2021, the Group acquired
certain bottling agreements with non-TCCC distribution partners, mainly Beam Suntory,
which contain performance requirements and convey the rights to distribute and sell
products within specified APS territories. The non-TCCC bottling arrangements were
recorded at fair value at the acquisition date and were initially amortised over an expected
useful life of 20 years . On 2 August 2023, the Group announced that CCEP and Beam
Suntory would discontinue their relationship effective 1 July 2025 (Australia) and
1 January 2026 (New Zealand). CCEP remained the exclusive manufacturing, sales and
distribution partner for Beam Suntory in Australia and New Zealand through to the end of
the current contractual terms which expired on 30 June 2025 and 31 December 2025,
respectively. The\u00a0discontinuance of the relationship triggered a change in the assigned
useful life of the intangible assets effective from the second half of 2023, resulting in an
accelerated amortisation charge of \u20ac27\u00a0million, \u20ac55\u00a0million and \u20ac27\u00a0million recognised for
the years ending 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023,
respectively. As at 31\u00a0December\u00a02025, there are no longer any finite lived intangible assets
related to the Beam Suntory distribution rights. Total amortisation expense for these
assets is recognised within administrative expenses amounting to \u20ac31 million, \u20ac63 million
and \u20ac35 million for the years ended 31\u00a0December\u00a02025, 31\u00a0December 2024 and
31 December 2023, respectively.
Balances and movements in intangible assets and goodwill
The following table summarises the movements in the carrying amounts of intangible assets and goodwill for the periods presented:
TCCC
franchise
intangible
Brands
Software
Customer
relationships
Non-TCCC
franchise
intangible
Assets under
construction
Total
intangibles
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Cost:
As at 31 December 2023
11,758
32
720
194
142
94
12,940
4,514
Additions
\u2014
\u2014
74
\u2014
\u2014
124
198
\u2014
Acquisition of CCBPI
440
\u2014
\u2014
38
\u2014
\u2014
478
276
Disposals
\u2014
(10)
(35)
\u2014
\u2014
\u2014
(45)
\u2014
Transfers and reclassifications
\u2014
\u2014
45
\u2014
\u2014
(50)
(5)
\u2014
Currency translation adjustments
(51)
\u2014
2
(2)
(4)
4
(51)
(73)
As at 31 December 2024
12,147
22
806
230
138
172
13,515
4,717
Additions
\u2014
\u2014
54
6
\u2014
177
237
\u2014
Disposals
\u2014
\u2014
(24)
\u2014
(127)
\u2014
(151)
\u2014
Transfers and reclassifications
\u2014
\u2014
30
\u2014
\u2014
(24)
6
\u2014
Currency translation adjustments
(348)
(1)
(19)
(6)
(9)
(2)
(385)
(167)
As at 31 December 2025
11,799
21
847
230
2
323
13,222
4,550
Accumulated amortisation and impairment:
As at 31 December 2023
\u2014
\u2014
(426)
(71)
(48)
\u2014
(545)
\u2014
Amortisation expense
\u2014
\u2014
(107)
(12)
(63)
\u2014
(182)
\u2014
Disposals
\u2014
10
35
\u2014
\u2014
\u2014
45
\u2014
Impairment(A)
(67)
(10)
(4)
\u2014
\u2014
(2)
(83)
(30)
Currency translation adjustments
\u2014
\u2014
(5)
1
3
\u2014
(1)
\u2014
As at 31 December 2024
(67)
\u2014
(507)
(82)
(108)
(2)
(766)
(30)
Amortisation expense
\u2014
\u2014
(109)
(12)
(31)
\u2014
(152)
\u2014
Disposals
\u2014
\u2014
24
\u2014
127
\u2014
151
\u2014
Currency translation adjustments
10
\u2014
14
(1)
10
2
35
16
As at 31 December 2025
(57)
\u2014
(578)
(95)
(2)
\u2014
(732)
(14)
Net book value:
As at 31 December 2023
11,758
32
294
123
94
94
12,395
4,514
As at 31 December 2024
12,080
22
299
148
30
170
12,749
4,687
As at 31 December 2025
11,742
21
269
135
\u2014
323
12,490
4,536
(A) Amounts relate to the impairment of the Group\u2019s Indonesia cash generating unit and the impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
Impairment of indefinite lived intangible assets and goodwill
Each CGU is tested for impairment annually in the fourth quarter or whenever there is an
indication of impairment. The recoverable amount of each CGU is normally determined
through a value in use calculation. To determine value in use for a CGU, estimated future
cash flows are discounted to their present values using a pre-tax discount rate reflective
of the current market conditions and risks specific to each CGU. The projected cash flows
are based on the CGU in its current condition and exclude cash flows arising from future
restructuring or from capital expenditure that would enhance or expand the performance
of the CGU. If the carrying value of a CGU exceeds its recoverable amount, the carrying
value of the CGU is reduced to its recoverable amount and impairment charges are
recognised immediately within the consolidated income statement. Impairment charges
other than those related to goodwill may be reversed in future periods if a subsequent test
indicates that the recoverable amount has increased. Such recoveries may not exceed
a\u00a0CGU\u2019s original carrying value less any depreciation that would have been recognised
if\u00a0no\u00a0impairment charges were previously recorded.
The Group\u2019s CGUs are based on geography and generally represent the individual territories
in which the Group operates. For the purposes of allocating intangibles, each indefinite lived
intangible asset is allocated to the geographic region to which the agreement relates and
goodwill is allocated to each of the CGUs expected to benefit from a business combination,
irrespective of whether other assets and liabilities of the acquired businesses are assigned
to the CGUs.
The following table identifies the carrying value of goodwill and indefinite lived intangible
assets attributable to each significant CGU of the Group. In addition to the significant
CGUs\u00a0of the Group, as at 31\u00a0December\u00a02025, the Group had other CGUs with total indefinite
lived intangible assets of \u20ac1,251 million (2024: \u20ac1,222 million) and goodwill of\u00a0\u20ac335 million
(2024:\u00a0\u20ac260 million).
Year ended 31 December
2025
2024
Cash generating unit
Indefinite lived
intangible assets
Goodwill
Indefinite lived
intangible assets
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Iberia
4,289
1,275
4,289
1,275
Australia
2,399
1,288
2,510
1,412
Great Britain
1,676
198
1,760
198
Germany
1,060
748
1,060
748
Pacific(A)
704
450
821
518
Philippines
384
242
440
276
(A) Pacific refers to New Zealand and Pacific Islands.
The recoverable amount of each CGU was determined through a value in use calculation,
which uses cash flow projections for a five-year period. These projections reflect the
impact of climate change on our business over the medium to long term, as well as the
mitigating actions and strategies we are undertaking to support our commitment to reach
Net Zero by 2040. The key assumptions used in projecting these cash flows were as follows:
\u25a0 Growth rate and operating margins: Cash flows were projected based on the Group\u2019s
strategic business plan. Cash flows for the terminal year and beyond were projected
using an inflation-based long-term terminal growth rate between 2.0% and 4.5%.
\u25a0 Discount rate: A weighted average cost of capital was applied specific to each CGU
as\u00a0a\u00a0hurdle rate to discount cash flows. The discount rates represent the current
market assessment of the risks specific to each CGU, taking into consideration the
time\u00a0value of money and individual risks of the underlying assets that have not been
incorporated in the cash flow estimates. The following table summarises the pre-tax
discount rate attributable to each significant CGU.
2025
2024
Pre-tax
discount rate
Pre-tax
discount rate
Cash generating unit
%
%
Iberia
9.3
9.3
Australia
11.8
11.3
Great Britain
9.3
9.3
Germany
9.8
10.1
Pacific(A)
11.3
11.3
Philippines
14.1
13.9
(A) Pacific refers to New Zealand and Pacific Islands.
The Group\u2019s Iberia, Australia, Great Britain and Germany CGUs have substantial
headroom\u00a0when comparing the value in use calculation of the CGU versus the CGU\u2019s
total\u00a0carrying value.
For the Group\u2019s Pacific CGU, the headroom in the 2025 impairment analysis was
approximately 20% of total carrying value. The Group estimates that a 1.6% reduction
in\u00a0the\u00a0terminal growth rate or a 1.2% increase in the discount rate, each in isolation,
would\u00a0eliminate existing headroom in Pacific.
For the Group\u2019s Philippines CGU, the headroom in the 2025 impairment analysis was
approximately 16% of total carrying value. The Group estimates that a 1.2% reduction in
the\u00a0terminal growth rate or a 0.9% increase in the discount rate, each in isolation, would
eliminate existing headroom in Philippines.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-679": { "value": "
Note 6
Intangible assets and goodwill
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
TCCC franchise intangible assets
The Group\u2019s bottling agreements with TCCC contain performance requirements
and\u00a0convey the rights to distribute and sell products within specified territories.
The\u00a0agreements in each territory are for an initial term of 10 years and may be renewed
for successive terms of 10 years. The Group believes that its interdependent relationship
with TCCC and the substantial cost and disruption to TCCC that would be caused by
non-renewal ensure that these agreements will continue to be renewed and, therefore,
are essentially perpetual.
The Group has never had a bottling agreement with TCCC terminated due to non\u2011performance
of the terms of the agreement or due to a decision by TCCC to terminate an agreement
at\u00a0the expiration of a term. After evaluating the contractual provisions of the bottling
agreements as at 31\u00a0December\u00a02025, the Group\u2019s mutually beneficial relationship with
TCCC and history of renewals, indefinite lives have been assigned to all of the Group\u2019s
TCCC bottling agreements.
Goodwill
Goodwill is initially measured as the excess of the total consideration transferred over
the\u00a0amount recognised for net identifiable assets acquired and liabilities assumed in
a\u00a0business combination. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, the gain is recognised in the consolidated income
statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested
annually for impairment at the CGU level or more frequently if events or changes
in\u00a0circumstances indicate that it might be impaired. Goodwill acquired in a business
combination is allocated to the CGU that is expected to benefit from the synergies
of\u00a0the\u00a0combination, irrespective of whether a CGU is part of the business combination.
Assets under construction
Assets under construction are carried at cost and are not amortised until they
are\u00a0available for use. When an asset under construction is ready for its intended use,
it\u00a0is\u00a0transferred to the appropriate category of intangible assets, after which
amortisation\u00a0begins.
Intangible assets with finite lives
Intangible assets with finite lives are measured at cost of acquisition or production and are
amortised using the straight-line method over their respective estimated useful lives. Finite
lived intangible assets are assessed for impairment whenever there is an indication that
they may be impaired. The amortisation period and method are reviewed annually.
Internally generated software
The Group capitalises certain development costs associated with internally developed
software, including external direct costs of materials and services, and payroll costs
for\u00a0employees devoting time to a software project and any such software acquired as part
of a business combination. Development expenditure is recognised as an intangible asset
only after its technical feasibility and commercial viability can be demonstrated. When
capitalised software is not integral to related hardware, it is treated as an intangible asset;
otherwise it is included within property, plant and equipment. The estimated useful life of
capitalised software is predominantly between five and ten years. Amortisation expense
for capitalised software is included within administrative expenses and was \u20ac109 million,
\u20ac107 million and \u20ac94 million for the years ended 31\u00a0December\u00a02025, 31\u00a0December 2024
and\u00a031\u00a0December\u00a02023, respectively.
Customer relationships
The Group has acquired certain customer relationships in connection with business
combinations. These customer relationships are recorded at fair value on the date
of\u00a0acquisition, and amortised over an estimated useful life between 17 and 20 years.
Amortisation expense for these assets is included within administrative expenses
and\u00a0was\u00a0\u20ac12 million, \u20ac12 million and \u20ac10 million for the years ended 31\u00a0December\u00a02025,
31\u00a0December\u00a02024 and 31 December 2023, respectively.
Non-TCCC franchise intangible
In connection with the acquisition of Coca-Cola Amatil Limited in 2021, the Group acquired
certain bottling agreements with non-TCCC distribution partners, mainly Beam Suntory,
which contain performance requirements and convey the rights to distribute and sell
products within specified APS territories. The non-TCCC bottling arrangements were
recorded at fair value at the acquisition date and were initially amortised over an expected
useful life of 20 years . On 2 August 2023, the Group announced that CCEP and Beam
Suntory would discontinue their relationship effective 1 July 2025 (Australia) and
1 January 2026 (New Zealand). CCEP remained the exclusive manufacturing, sales and
distribution partner for Beam Suntory in Australia and New Zealand through to the end of
the current contractual terms which expired on 30 June 2025 and 31 December 2025,
respectively. The\u00a0discontinuance of the relationship triggered a change in the assigned
useful life of the intangible assets effective from the second half of 2023, resulting in an
accelerated amortisation charge of \u20ac27\u00a0million, \u20ac55\u00a0million and \u20ac27\u00a0million recognised for
the years ending 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023,
respectively. As at 31\u00a0December\u00a02025, there are no longer any finite lived intangible assets
related to the Beam Suntory distribution rights. Total amortisation expense for these
assets is recognised within administrative expenses amounting to \u20ac31 million, \u20ac63 million
and \u20ac35 million for the years ended 31\u00a0December\u00a02025, 31\u00a0December 2024 and
31 December 2023, respectively.
Balances and movements in intangible assets and goodwill
The following table summarises the movements in the carrying amounts of intangible assets and goodwill for the periods presented:
TCCC
franchise
intangible
Brands
Software
Customer
relationships
Non-TCCC
franchise
intangible
Assets under
construction
Total
intangibles
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Cost:
As at 31 December 2023
11,758
32
720
194
142
94
12,940
4,514
Additions
\u2014
\u2014
74
\u2014
\u2014
124
198
\u2014
Acquisition of CCBPI
440
\u2014
\u2014
38
\u2014
\u2014
478
276
Disposals
\u2014
(10)
(35)
\u2014
\u2014
\u2014
(45)
\u2014
Transfers and reclassifications
\u2014
\u2014
45
\u2014
\u2014
(50)
(5)
\u2014
Currency translation adjustments
(51)
\u2014
2
(2)
(4)
4
(51)
(73)
As at 31 December 2024
12,147
22
806
230
138
172
13,515
4,717
Additions
\u2014
\u2014
54
6
\u2014
177
237
\u2014
Disposals
\u2014
\u2014
(24)
\u2014
(127)
\u2014
(151)
\u2014
Transfers and reclassifications
\u2014
\u2014
30
\u2014
\u2014
(24)
6
\u2014
Currency translation adjustments
(348)
(1)
(19)
(6)
(9)
(2)
(385)
(167)
As at 31 December 2025
11,799
21
847
230
2
323
13,222
4,550
Accumulated amortisation and impairment:
As at 31 December 2023
\u2014
\u2014
(426)
(71)
(48)
\u2014
(545)
\u2014
Amortisation expense
\u2014
\u2014
(107)
(12)
(63)
\u2014
(182)
\u2014
Disposals
\u2014
10
35
\u2014
\u2014
\u2014
45
\u2014
Impairment(A)
(67)
(10)
(4)
\u2014
\u2014
(2)
(83)
(30)
Currency translation adjustments
\u2014
\u2014
(5)
1
3
\u2014
(1)
\u2014
As at 31 December 2024
(67)
\u2014
(507)
(82)
(108)
(2)
(766)
(30)
Amortisation expense
\u2014
\u2014
(109)
(12)
(31)
\u2014
(152)
\u2014
Disposals
\u2014
\u2014
24
\u2014
127
\u2014
151
\u2014
Currency translation adjustments
10
\u2014
14
(1)
10
2
35
16
As at 31 December 2025
(57)
\u2014
(578)
(95)
(2)
\u2014
(732)
(14)
Net book value:
As at 31 December 2023
11,758
32
294
123
94
94
12,395
4,514
As at 31 December 2024
12,080
22
299
148
30
170
12,749
4,687
As at 31 December 2025
11,742
21
269
135
\u2014
323
12,490
4,536
(A) Amounts relate to the impairment of the Group\u2019s Indonesia cash generating unit and the impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
Impairment of indefinite lived intangible assets and goodwill
Each CGU is tested for impairment annually in the fourth quarter or whenever there is an
indication of impairment. The recoverable amount of each CGU is normally determined
through a value in use calculation. To determine value in use for a CGU, estimated future
cash flows are discounted to their present values using a pre-tax discount rate reflective
of the current market conditions and risks specific to each CGU. The projected cash flows
are based on the CGU in its current condition and exclude cash flows arising from future
restructuring or from capital expenditure that would enhance or expand the performance
of the CGU. If the carrying value of a CGU exceeds its recoverable amount, the carrying
value of the CGU is reduced to its recoverable amount and impairment charges are
recognised immediately within the consolidated income statement. Impairment charges
other than those related to goodwill may be reversed in future periods if a subsequent test
indicates that the recoverable amount has increased. Such recoveries may not exceed
a\u00a0CGU\u2019s original carrying value less any depreciation that would have been recognised
if\u00a0no\u00a0impairment charges were previously recorded.
The Group\u2019s CGUs are based on geography and generally represent the individual territories
in which the Group operates. For the purposes of allocating intangibles, each indefinite lived
intangible asset is allocated to the geographic region to which the agreement relates and
goodwill is allocated to each of the CGUs expected to benefit from a business combination,
irrespective of whether other assets and liabilities of the acquired businesses are assigned
to the CGUs.
The following table identifies the carrying value of goodwill and indefinite lived intangible
assets attributable to each significant CGU of the Group. In addition to the significant
CGUs\u00a0of the Group, as at 31\u00a0December\u00a02025, the Group had other CGUs with total indefinite
lived intangible assets of \u20ac1,251 million (2024: \u20ac1,222 million) and goodwill of\u00a0\u20ac335 million
(2024:\u00a0\u20ac260 million).
Year ended 31 December
2025
2024
Cash generating unit
Indefinite lived
intangible assets
Goodwill
Indefinite lived
intangible assets
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Iberia
4,289
1,275
4,289
1,275
Australia
2,399
1,288
2,510
1,412
Great Britain
1,676
198
1,760
198
Germany
1,060
748
1,060
748
Pacific(A)
704
450
821
518
Philippines
384
242
440
276
(A) Pacific refers to New Zealand and Pacific Islands.
The recoverable amount of each CGU was determined through a value in use calculation,
which uses cash flow projections for a five-year period. These projections reflect the
impact of climate change on our business over the medium to long term, as well as the
mitigating actions and strategies we are undertaking to support our commitment to reach
Net Zero by 2040. The key assumptions used in projecting these cash flows were as follows:
\u25a0 Growth rate and operating margins: Cash flows were projected based on the Group\u2019s
strategic business plan. Cash flows for the terminal year and beyond were projected
using an inflation-based long-term terminal growth rate between 2.0% and 4.5%.
\u25a0 Discount rate: A weighted average cost of capital was applied specific to each CGU
as\u00a0a\u00a0hurdle rate to discount cash flows. The discount rates represent the current
market assessment of the risks specific to each CGU, taking into consideration the
time\u00a0value of money and individual risks of the underlying assets that have not been
incorporated in the cash flow estimates. The following table summarises the pre-tax
discount rate attributable to each significant CGU.
2025
2024
Pre-tax
discount rate
Pre-tax
discount rate
Cash generating unit
%
%
Iberia
9.3
9.3
Australia
11.8
11.3
Great Britain
9.3
9.3
Germany
9.8
10.1
Pacific(A)
11.3
11.3
Philippines
14.1
13.9
(A) Pacific refers to New Zealand and Pacific Islands.
The Group\u2019s Iberia, Australia, Great Britain and Germany CGUs have substantial
headroom\u00a0when comparing the value in use calculation of the CGU versus the CGU\u2019s
total\u00a0carrying value.
For the Group\u2019s Pacific CGU, the headroom in the 2025 impairment analysis was
approximately 20% of total carrying value. The Group estimates that a 1.6% reduction
in\u00a0the\u00a0terminal growth rate or a 1.2% increase in the discount rate, each in isolation,
would\u00a0eliminate existing headroom in Pacific.
For the Group\u2019s Philippines CGU, the headroom in the 2025 impairment analysis was
approximately 16% of total carrying value. The Group estimates that a 1.2% reduction in
the\u00a0terminal growth rate or a 0.9% increase in the discount rate, each in isolation, would
eliminate existing headroom in Philippines.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-683": { "value": "
Intangible assets and goodwill
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
Goodwill
Goodwill is initially measured as the excess of the total consideration transferred over
the\u00a0amount recognised for net identifiable assets acquired and liabilities assumed in
a\u00a0business combination. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, the gain is recognised in the consolidated income
statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested
annually for impairment at the CGU level or more frequently if events or changes
in\u00a0circumstances indicate that it might be impaired. Goodwill acquired in a business
combination is allocated to the CGU that is expected to benefit from the synergies
of\u00a0the\u00a0combination, irrespective of whether a CGU is part of the business combination.
Assets under construction
Assets under construction are carried at cost and are not amortised until they
are\u00a0available for use. When an asset under construction is ready for its intended use,
it\u00a0is\u00a0transferred to the appropriate category of intangible assets, after which
amortisation\u00a0begins.
Intangible assets with finite lives
Intangible assets with finite lives are measured at cost of acquisition or production and are
amortised using the straight-line method over their respective estimated useful lives. Finite
lived intangible assets are assessed for impairment whenever there is an indication that
they may be impaired. The amortisation period and method are reviewed annually.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-682": { "value": "
Intangible assets and goodwill
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
Assets under construction
Assets under construction are carried at cost and are not amortised until they
are\u00a0available for use. When an asset under construction is ready for its intended use,
it\u00a0is\u00a0transferred to the appropriate category of intangible assets, after which
amortisation\u00a0begins.
Intangible assets with finite lives
Intangible assets with finite lives are measured at cost of acquisition or production and are
amortised using the straight-line method over their respective estimated useful lives. Finite
lived intangible assets are assessed for impairment whenever there is an indication that
they may be impaired. The amortisation period and method are reviewed annually.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-685": { "value": "
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
The Group assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate the
potential loss of value that may reduce the recoverable amount of the asset to below
its\u00a0carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Useful lives and residual amounts are reviewed annually and adjustments are made
prospectively as required.
For property, plant and equipment, the Group assesses annually whether there is an indication
that previously recognised impairment losses no longer exist or have decreased. If such
an\u00a0indication exists, a previously recognised impairment loss is reversed only if there has
been\u00a0a change in the assumptions used to determine the asset\u2019s recoverable amount since
the last impairment loss was recognised and only up to the recoverable amount or the original
carrying amount net of depreciation that would have been incurred had no impairment losses
been recognised.
Investment property
Investment property consists of land and buildings held primarily for earning rental
income, capital appreciation or both. These properties are not used by the Group in the
ordinary course of business. The Group applies the cost model for measuring investment
property. Under the cost model, investment property is initially recognised at cost.
Subsequently, it is depreciated on a straight-line basis over the assigned useful life
(consistent with owner-occupied property).
The Group assesses at each reporting date whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate
the\u00a0potential loss of value that may reduce the recoverable amount of the asset to below
its carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Investment property is derecognised when it has been disposed of or when it is
permanently withdrawn from use and no further economic benefit is expected from
its\u00a0disposal. The difference between the net disposal proceeds and the carrying amount
of\u00a0the asset is recognised in the Group\u2019s consolidated income statement in the period
of\u00a0derecognition.
Transfers are made to (or from) investment property when there is a change in use.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-684": { "value": "
Intangible assets with indefinite lives
Intangible assets with indefinite lives acquired through business combination transactions
are measured at fair value at the date of acquisition. These assets are not subject to
amortisation but\u00a0are tested for impairment annually at the CGU level or more frequently
if\u00a0facts and circumstances indicate an impairment may exist. In addition to the annual
impairment test, the\u00a0assessment of indefinite lives is also reviewed annually.
Property, plant and equipment
The Group assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate the
potential loss of value that may reduce the recoverable amount of the asset to below
its\u00a0carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Useful lives and residual amounts are reviewed annually and adjustments are made
prospectively as required.
For property, plant and equipment, the Group assesses annually whether there is an indication
that previously recognised impairment losses no longer exist or have decreased. If such
an\u00a0indication exists, a previously recognised impairment loss is reversed only if there has
been\u00a0a change in the assumptions used to determine the asset\u2019s recoverable amount since
the last impairment loss was recognised and only up to the recoverable amount or the original
carrying amount net of depreciation that would have been incurred had no impairment losses
been recognised.
The transition to a low-carbon economy may impact the carrying value and remaining
useful lives of the Group\u2019s property, plant and equipment. The Group continues to invest
in\u00a0more efficient, cleaner and more technologically advanced assets, however, the
significant majority of the Group\u2019s assets currently in operation are likely to be substantially
depreciated ahead of our Net Zero 2040 target, as set out in our Strategic Report.
In\u00a0addition, the Group continuously monitors the latest developments in government
legislation in relation to climate-related risks. Currently, no legislation has been passed
that\u00a0will materially impact the carrying value and remaining useful lives of the Group.
Investment property
Investment property consists of land and buildings held primarily for earning rental
income, capital appreciation or both. These properties are not used by the Group in the
ordinary course of business. The Group applies the cost model for measuring investment
property. Under the cost model, investment property is initially recognised at cost.
Subsequently, it is depreciated on a straight-line basis over the assigned useful life
(consistent with owner-occupied property).
The Group assesses at each reporting date whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate
the\u00a0potential loss of value that may reduce the recoverable amount of the asset to below
its carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Investment property is derecognised when it has been disposed of or when it is
permanently withdrawn from use and no further economic benefit is expected from
its\u00a0disposal. The difference between the net disposal proceeds and the carrying amount
of\u00a0the asset is recognised in the Group\u2019s consolidated income statement in the period
of\u00a0derecognition.
Transfers are made to (or from) investment property when there is a change in use.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-686": { "value": "
Goodwill
Goodwill is initially measured as the excess of the total consideration transferred over
the\u00a0amount recognised for net identifiable assets acquired and liabilities assumed in
a\u00a0business combination. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, the gain is recognised in the consolidated income
statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested
annually for impairment at the CGU level or more frequently if events or changes
in\u00a0circumstances indicate that it might be impaired. Goodwill acquired in a business
combination is allocated to the CGU that is expected to benefit from the synergies
of\u00a0the\u00a0combination, irrespective of whether a CGU is part of the business combination.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-687": { "value": "
Impairment of indefinite lived intangible assets and goodwill
Each CGU is tested for impairment annually in the fourth quarter or whenever there is an
indication of impairment. The recoverable amount of each CGU is normally determined
through a value in use calculation. To determine value in use for a CGU, estimated future
cash flows are discounted to their present values using a pre-tax discount rate reflective
of the current market conditions and risks specific to each CGU. The projected cash flows
are based on the CGU in its current condition and exclude cash flows arising from future
restructuring or from capital expenditure that would enhance or expand the performance
of the CGU. If the carrying value of a CGU exceeds its recoverable amount, the carrying
value of the CGU is reduced to its recoverable amount and impairment charges are
recognised immediately within the consolidated income statement. Impairment charges
other than those related to goodwill may be reversed in future periods if a subsequent test
indicates that the recoverable amount has increased. Such recoveries may not exceed
a\u00a0CGU\u2019s original carrying value less any depreciation that would have been recognised
if\u00a0no\u00a0impairment charges were previously recorded.
The Group\u2019s CGUs are based on geography and generally represent the individual territories
in which the Group operates. For the purposes of allocating intangibles, each indefinite lived
intangible asset is allocated to the geographic region to which the agreement relates and
goodwill is allocated to each of the CGUs expected to benefit from a business combination,
irrespective of whether other assets and liabilities of the acquired businesses are assigned
to the CGUs.
The following table identifies the carrying value of goodwill and indefinite lived intangible
assets attributable to each significant CGU of the Group. In addition to the significant
CGUs\u00a0of the Group, as at 31\u00a0December\u00a02025, the Group had other CGUs with total indefinite
lived intangible assets of \u20ac1,251 million (2024: \u20ac1,222 million) and goodwill of\u00a0\u20ac335 million
(2024:\u00a0\u20ac260 million).
Year ended 31 December
2025
2024
Cash generating unit
Indefinite lived
intangible assets
Goodwill
Indefinite lived
intangible assets
Goodwill
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Iberia
4,289
1,275
4,289
1,275
Australia
2,399
1,288
2,510
1,412
Great Britain
1,676
198
1,760
198
Germany
1,060
748
1,060
748
Pacific(A)
704
450
821
518
Philippines
384
242
440
276
(A) Pacific refers to New Zealand and Pacific Islands.
The recoverable amount of each CGU was determined through a value in use calculation,
which uses cash flow projections for a five-year period. These projections reflect the
impact of climate change on our business over the medium to long term, as well as the
mitigating actions and strategies we are undertaking to support our commitment to reach
Net Zero by 2040. The key assumptions used in projecting these cash flows were as follows:
\u25a0 Growth rate and operating margins: Cash flows were projected based on the Group\u2019s
strategic business plan. Cash flows for the terminal year and beyond were projected
using an inflation-based long-term terminal growth rate between 2.0% and 4.5%.
\u25a0 Discount rate: A weighted average cost of capital was applied specific to each CGU
as\u00a0a\u00a0hurdle rate to discount cash flows. The discount rates represent the current
market assessment of the risks specific to each CGU, taking into consideration the
time\u00a0value of money and individual risks of the underlying assets that have not been
incorporated in the cash flow estimates. The following table summarises the pre-tax
discount rate attributable to each significant CGU.
2025
2024
Pre-tax
discount rate
Pre-tax
discount rate
Cash generating unit
%
%
Iberia
9.3
9.3
Australia
11.8
11.3
Great Britain
9.3
9.3
Germany
9.8
10.1
Pacific(A)
11.3
11.3
Philippines
14.1
13.9
(A) Pacific refers to New Zealand and Pacific Islands.
The Group\u2019s Iberia, Australia, Great Britain and Germany CGUs have substantial
headroom\u00a0when comparing the value in use calculation of the CGU versus the CGU\u2019s
total\u00a0carrying value.
For the Group\u2019s Pacific CGU, the headroom in the 2025 impairment analysis was
approximately 20% of total carrying value. The Group estimates that a 1.6% reduction
in\u00a0the\u00a0terminal growth rate or a 1.2% increase in the discount rate, each in isolation,
would\u00a0eliminate existing headroom in Pacific.
For the Group\u2019s Philippines CGU, the headroom in the 2025 impairment analysis was
approximately 16% of total carrying value. The Group estimates that a 1.2% reduction in
the\u00a0terminal growth rate or a 0.9% increase in the discount rate, each in isolation, would
eliminate existing headroom in Philippines.
Property, plant and equipment
The Group assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate the
potential loss of value that may reduce the recoverable amount of the asset to below
its\u00a0carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Useful lives and residual amounts are reviewed annually and adjustments are made
prospectively as required.
For property, plant and equipment, the Group assesses annually whether there is an indication
that previously recognised impairment losses no longer exist or have decreased. If such
an\u00a0indication exists, a previously recognised impairment loss is reversed only if there has
been\u00a0a change in the assumptions used to determine the asset\u2019s recoverable amount since
the last impairment loss was recognised and only up to the recoverable amount or the original
carrying amount net of depreciation that would have been incurred had no impairment losses
been recognised.
The transition to a low-carbon economy may impact the carrying value and remaining
useful lives of the Group\u2019s property, plant and equipment. The Group continues to invest
in\u00a0more efficient, cleaner and more technologically advanced assets, however, the
significant majority of the Group\u2019s assets currently in operation are likely to be substantially
depreciated ahead of our Net Zero 2040 target, as set out in our Strategic Report.
In\u00a0addition, the Group continuously monitors the latest developments in government
legislation in relation to climate-related risks. Currently, no legislation has been passed
that\u00a0will materially impact the carrying value and remaining useful lives of the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-688": { "value": "
Note 7
Property, plant and equipment
Property, plant and equipment is recorded at cost, net of accumulated depreciation and
accumulated impairment losses, where cost is the amount of cash or cash equivalents
paid to acquire an asset at the time of its acquisition or\u00a0construction. Major property
additions, replacements and improvements are capitalised, while maintenance and repairs
that do not extend the useful life of an asset or add new functionality are expensed as
incurred. Land and assets under construction are not depreciated. Land is considered
to\u00a0have an indefinite useful life and therefore is not subject to depreciation. Assets under
construction are carried at cost and are not depreciated until they are available for use.
When an asset under construction is ready for its intended use, it is transferred to the
appropriate category of property, plant and equipment, after which depreciation begins.
All\u00a0other items of property, plant and equipment are depreciated on a straight-line basis
over their estimated useful lives as follows:
Useful life (years)
Category
Low
High
Buildings and improvements
10
40
Machinery, equipment and containers
3
20
Cold drink equipment
2
12
Vehicle fleet
3
12
Furniture and office equipment
3
10
Gains or losses arising on the disposal or retirement of an asset are determined as the
difference between the carrying amount of the asset and any proceeds from its sale.
Leasehold improvements are amortised using the straight-line method over the shorter
of\u00a0the remaining lease term or the estimated useful life of the improvement.
The Group assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate the
potential loss of value that may reduce the recoverable amount of the asset to below
its\u00a0carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Useful lives and residual amounts are reviewed annually and adjustments are made
prospectively as required.
For property, plant and equipment, the Group assesses annually whether there is an indication
that previously recognised impairment losses no longer exist or have decreased. If such
an\u00a0indication exists, a previously recognised impairment loss is reversed only if there has
been\u00a0a change in the assumptions used to determine the asset\u2019s recoverable amount since
the last impairment loss was recognised and only up to the recoverable amount or the original
carrying amount net of depreciation that would have been incurred had no impairment losses
been recognised.
The transition to a low-carbon economy may impact the carrying value and remaining
useful lives of the Group\u2019s property, plant and equipment. The Group continues to invest
in\u00a0more efficient, cleaner and more technologically advanced assets, however, the
significant majority of the Group\u2019s assets currently in operation are likely to be substantially
depreciated ahead of our Net Zero 2040 target, as set out in our Strategic Report.
In\u00a0addition, the Group continuously monitors the latest developments in government
legislation in relation to climate-related risks. Currently, no legislation has been passed
that\u00a0will materially impact the carrying value and remaining useful lives of the Group.
The Group leases land, office and warehouse property, computer hardware, machinery and
equipment, and vehicles under non-cancellable lease agreements, most of which expire
at\u00a0various dates through to 2030. The Group includes right of use assets within property,
plant and equipment. Right of use assets are initially measured at cost, comprising the
initial measurement of the lease liability, plus any direct costs and an estimate of asset
retirement obligations, less lease incentives. Subsequently, right of use assets are
measured at cost, less accumulated depreciation and any accumulated impairment
losses. Depreciation is calculated on a straight-line basis over the term of the lease.
The Group does not separate lease from non-lease components for each of its lease
categories, except for property leases. All low value leases with total minimum lease
payments under \u20ac5,000 and leases with a term less than 12 months are expensed
on\u00a0a\u00a0straight-line basis.
Extension and termination options are included in a number of property and equipment
leases across the Group and are used to maximise operational flexibility in terms of managing
contracts. Extension options (or periods after termination options) are only included in the
lease term if the Group has an enforceable right to extend or terminate the lease and is
reasonably certain to do so.
The following table summarises the movement in net book value for property, plant and equipment for the periods\u00a0presented:
Land
Buildings and
improvements
Machinery, equipment
and containers
Cold drink equipment
Vehicle fleet
Furniture
and office equipment
Assets under
construction
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Cost:
As at 31 December 2023
657
2,586
3,886
1,161
349
195
389
9,223
Acquisition of CCBPI
464
117
446
7
5
2
43
1,084
Additions
62
65
228
96
102
12
349
914
Disposals
(1)
(23)
(187)
(145)
(76)
(43)
\u2014
(475)
Transfers to assets held for sale
(16)
(12)
\u2014
\u2014
\u2014
\u2014
\u2014
(28)
Transfers to investment property
(33)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
(33)
Transfers and reclassifications
1
70
181
69
2
19
(337)
5
Currency translation adjustments
(5)
1
21
(11)
1
(1)
(2)
4
As at 31 December 2024
1,129
2,804
4,575
1,177
383
184
442
10,694
Additions
7
126
215
113
83
13
305
862
Disposals
\u2014
(33)
(213)
(101)
(70)
(25)
\u2014
(442)
Transfers to assets held for sale
(25)
(39)
(6)
\u2014
\u2014
\u2014
\u2014
(70)
Transfers to investment property
(9)
(3)
\u2014
\u2014
\u2014
\u2014
\u2014
(12)
Transfers and reclassifications
1
96
242
32
3
10
(390)
(6)
Currency translation adjustments
(99)
(75)
(153)
(17)
(2)
(4)
(9)
(359)
As at 31 December 2025
1,004
2,876
4,660
1,204
397
178
348
10,667
Accumulated depreciation and impairment:
As at 31 December 2023
\u2014
(952)
(1,844)
(791)
(167)
(125)
\u2014
(3,879)
Depreciation expense
\u2014
(149)
(396)
(111)
(69)
(26)
\u2014
(751)
Disposals
\u2014
22
180
140
71
42
\u2014
455
Impairment (A)
\u2014
(27)
(31)
(4)
\u2014
(2)
(12)
(76)
Transfers to assets held for sale
\u2014
6
\u2014
\u2014
\u2014
\u2014
\u2014
6
Transfers and reclassifications
\u2014
(1)
17
(14)
\u2014
(2)
\u2014
\u2014
Currency translation adjustments
\u2014
(4)
(17)
5
\u2014
1
\u2014
(15)
As at 31 December 2024
\u2014
(1,105)
(2,091)
(775)
(165)
(112)
(12)
(4,260)
Depreciation expense
\u2014
(149)
(403)
(117)
(77)
(25)
\u2014
(771)
Disposals
\u2014
28
211
99
60
25
\u2014
423
Transfers to assets held for sale
\u2014
16
4
\u2014
\u2014
\u2014
\u2014
20
Currency translation adjustments
\u2014
20
46
6
1
3
\u2014
76
As at 31 December 2025
\u2014
(1,190)
(2,233)
(787)
(181)
(109)
(12)
(4,512)
Net book value:
As at 31 December 2023
657
1,634
2,042
370
182
70
389
5,344
As at 31 December 2024
1,129
1,699
2,484
402
218
72
430
6,434
As at 31 December 2025
1,004
1,686
2,427
417
216
69
336
6,155
(A) Amounts relate to the impairment of the Group\u2019s Indonesia cash generating unit and the impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
Right of use assets
The following table summarises the net book value of right of use assets included within
property, plant and equipment:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Buildings and improvements
415
405
Vehicle fleet
203
206
Machinery, equipment and containers
58
80
Total
676
691
Total additions to right of use assets during 2025 were \u20ac184 million (2024: \u20ac186\u00a0million).
The following table summarises depreciation charges relating to right of use assets for the
periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Buildings and improvements
70
66
Vehicle fleet
73
64
Machinery, equipment and containers
28
33
Furniture and office equipment
\u2014
1
Total
171
164
During the years ended 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, the total expense
relating to low value and short-term leases was \u20ac31 million and \u20ac29\u00a0million, respectively,
which is primarily included in administrative expenses.
The Group does not have any residual value guarantees in relation to its leases.
As at 31\u00a0December\u00a02025, the total value of lease extension and termination options
included within right of use assets was \u20ac35 million (2024: \u20ac26\u00a0million).
The Group incurred variable lease expenses of \u20ac128 million in 2025 (2024: \u20ac129 million), primarily
included in selling and distribution expenses. This amount mainly consists of the variable
component of lease payments for product transportation services in Australia and\u00a0New
Zealand, whereby these components are dependent on various factors such as\u00a0the
number of cases of product delivered, number of trips and pallets.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-689": { "value": "
Property, plant and equipment
Property, plant and equipment is recorded at cost, net of accumulated depreciation and
accumulated impairment losses, where cost is the amount of cash or cash equivalents
paid to acquire an asset at the time of its acquisition or\u00a0construction. Major property
additions, replacements and improvements are capitalised, while maintenance and repairs
that do not extend the useful life of an asset or add new functionality are expensed as
incurred. Land and assets under construction are not depreciated. Land is considered
to\u00a0have an indefinite useful life and therefore is not subject to depreciation. Assets under
construction are carried at cost and are not depreciated until they are available for use.
When an asset under construction is ready for its intended use, it is transferred to the
appropriate category of property, plant and equipment, after which depreciation begins.
All\u00a0other items of property, plant and equipment are depreciated on a straight-line basis
over their estimated useful lives as follows:
Useful life (years)
Category
Low
High
Buildings and improvements
10
40
Machinery, equipment and containers
3
20
Cold drink equipment
2
12
Vehicle fleet
3
12
Furniture and office equipment
3
10
Gains or losses arising on the disposal or retirement of an asset are determined as the
difference between the carrying amount of the asset and any proceeds from its sale.
Leasehold improvements are amortised using the straight-line method over the shorter
of\u00a0the remaining lease term or the estimated useful life of the improvement.
The Group assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate the
potential loss of value that may reduce the recoverable amount of the asset to below
its\u00a0carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Useful lives and residual amounts are reviewed annually and adjustments are made
prospectively as required.
For property, plant and equipment, the Group assesses annually whether there is an indication
that previously recognised impairment losses no longer exist or have decreased. If such
an\u00a0indication exists, a previously recognised impairment loss is reversed only if there has
been\u00a0a change in the assumptions used to determine the asset\u2019s recoverable amount since
the last impairment loss was recognised and only up to the recoverable amount or the original
carrying amount net of depreciation that would have been incurred had no impairment losses
been recognised.
The transition to a low-carbon economy may impact the carrying value and remaining
useful lives of the Group\u2019s property, plant and equipment. The Group continues to invest
in\u00a0more efficient, cleaner and more technologically advanced assets, however, the
significant majority of the Group\u2019s assets currently in operation are likely to be substantially
depreciated ahead of our Net Zero 2040 target, as set out in our Strategic Report.
In\u00a0addition, the Group continuously monitors the latest developments in government
legislation in relation to climate-related risks. Currently, no legislation has been passed
that\u00a0will materially impact the carrying value and remaining useful lives of the Group.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-691": { "value": "
Property, plant and equipment
Property, plant and equipment is recorded at cost, net of accumulated depreciation and
accumulated impairment losses, where cost is the amount of cash or cash equivalents
paid to acquire an asset at the time of its acquisition or\u00a0construction. Major property
additions, replacements and improvements are capitalised, while maintenance and repairs
that do not extend the useful life of an asset or add new functionality are expensed as
incurred. Land and assets under construction are not depreciated. Land is considered
to\u00a0have an indefinite useful life and therefore is not subject to depreciation. Assets under
construction are carried at cost and are not depreciated until they are available for use.
When an asset under construction is ready for its intended use, it is transferred to the
appropriate category of property, plant and equipment, after which depreciation begins.
All\u00a0other items of property, plant and equipment are depreciated on a straight-line basis
over their estimated useful lives as follows:
Useful life (years)
Category
Low
High
Buildings and improvements
10
40
Machinery, equipment and containers
3
20
Cold drink equipment
2
12
Vehicle fleet
3
12
Furniture and office equipment
3
10
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-692": { "value": "
Property, plant and equipment
The Group leases land, office and warehouse property, computer hardware, machinery and
equipment, and vehicles under non-cancellable lease agreements, most of which expire
at\u00a0various dates through to 2030. The Group includes right of use assets within property,
plant and equipment. Right of use assets are initially measured at cost, comprising the
initial measurement of the lease liability, plus any direct costs and an estimate of asset
retirement obligations, less lease incentives. Subsequently, right of use assets are
measured at cost, less accumulated depreciation and any accumulated impairment
losses. Depreciation is calculated on a straight-line basis over the term of the lease.
The Group does not separate lease from non-lease components for each of its lease
categories, except for property leases. All low value leases with total minimum lease
payments under \u20ac5,000 and leases with a term less than 12 months are expensed
on\u00a0a\u00a0straight-line basis.
Extension and termination options are included in a number of property and equipment
leases across the Group and are used to maximise operational flexibility in terms of managing
contracts. Extension options (or periods after termination options) are only included in the
lease term if the Group has an enforceable right to extend or terminate the lease and is
reasonably certain to do so.
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-690": { "value": "
Property, plant and equipment
The following table summarises depreciation charges relating to right of use assets for the
periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Buildings and improvements
70
66
Vehicle fleet
73
64
Machinery, equipment and containers
28
33
Furniture and office equipment
\u2014
1
Total
171
164
During the years ended 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, the total expense
relating to low value and short-term leases was \u20ac31 million and \u20ac29\u00a0million, respectively,
which is primarily included in administrative expenses.
The Group does not have any residual value guarantees in relation to its leases.
As at 31\u00a0December\u00a02025, the total value of lease extension and termination options
included within right of use assets was \u20ac35 million (2024: \u20ac26\u00a0million).
The Group incurred variable lease expenses of \u20ac128 million in 2025 (2024: \u20ac129 million), primarily
included in selling and distribution expenses. This amount mainly consists of the variable
component of lease payments for product transportation services in Australia and\u00a0New
Zealand, whereby these components are dependent on various factors such as\u00a0the
number of cases of product delivered, number of trips and pallets.
Note 18
Total operating costs
The following tables summarise the significant cost items by nature within operating costs
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Transportation costs(A)
1,032
1,023
958
Employee benefits
1,164
1,189
1,116
Depreciation of property, plant and
equipment, excluding restructuring
262
252
236
Amortisation of intangible assets
1
1
6
Restructuring charges, including
accelerated depreciation (B)
1
2
\u2014
Impairment losses (C)
\u2014
6
\u2014
Other selling and distribution expenses
889
872
862
Total selling and distribution expenses
3,349
3,345
3,178
Transportation costs(A)
4
4
3
Employee benefits
631
615
608
Depreciation of property, plant and
equipment, excluding restructuring
88
86
93
Amortisation of intangible assets
151
179
130
Acquisition-related costs (D)
6
14
12
Restructuring charges, including
accelerated depreciation (B)
96
252
85
Impairment losses (C)
\u2014
129
\u2014
Other administrative expenses
426
455
379
Total administrative expenses
1,402
1,734
1,310
Total operating expenses
4,751
5,079
4,488
(A) Transportation costs include warehousing and delivery costs to the final customer destination.
They\u00a0exclude depreciation and amortisation.
(B) See restructuring costs table.
(C) Expenses recognised in relation to the impairment of the Group\u2019s Indonesia cash generating unit and the
impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
(D) Costs associated with the acquisition and integration of CCBPI.", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-693": { "value": "
The Group leases land, office and warehouse property, computer hardware, machinery and
equipment, and vehicles under non-cancellable lease agreements, most of which expire
at\u00a0various dates through to 2030. The Group includes right of use assets within property,
plant and equipment. Right of use assets are initially measured at cost, comprising the
initial measurement of the lease liability, plus any direct costs and an estimate of asset
retirement obligations, less lease incentives. Subsequently, right of use assets are
measured at cost, less accumulated depreciation and any accumulated impairment
losses. Depreciation is calculated on a straight-line basis over the term of the lease.
The Group does not separate lease from non-lease components for each of its lease
categories, except for property leases. All low value leases with total minimum lease
payments under \u20ac5,000 and leases with a term less than 12 months are expensed
on\u00a0a\u00a0straight-line basis.
Extension and termination options are included in a number of property and equipment
leases across the Group and are used to maximise operational flexibility in terms of managing
contracts. Extension options (or periods after termination options) are only included in the
lease term if the Group has an enforceable right to extend or terminate the lease and is
reasonably certain to do so.
Right of use assets
The following table summarises the net book value of right of use assets included within
property, plant and equipment:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Buildings and improvements
415
405
Vehicle fleet
203
206
Machinery, equipment and containers
58
80
Total
676
691
Total additions to right of use assets during 2025 were \u20ac184 million (2024: \u20ac186\u00a0million).
Note 14
Borrowings and leases
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
Borrowings outstanding
The following table summarises the carrying value of the Group\u2019s borrowings as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Non-current:
Euro denominated bonds:
\u20ac250 million 2.750% Notes 2026 (A)
\u2014
247
\u20ac600 million 1.750% Notes 2026 (A), (G)
\u2014
593
\u20ac300 million Floating rate Notes 2027(B)
299
\u2014
\u20ac400 million 1.50% Notes 2027 (A)
391
387
\u20ac250\u00a0million 1.50% Notes 2027
253
256
\u20ac500 million 1.750% Notes 2028 (A)
488
484
\u20ac750 million 0.20% Notes 2028
747
746
\u20ac500 million 1.125% Notes 2029
497
497
\u20ac500 million 1.875% Notes 2030 (A)
488
485
\u20ac700 million 3.875% Notes 2030
696
695
\u20ac500 million 3.125% Notes 2031(B)
496
\u2014
\u20ac500 million 0.70% Notes 2031 (A)
485
485
\u20ac700 million 0.50% Notes 2029
697
696
\u20ac600 million 3.250% Notes 2032
595
594
\u20ac500 million 3.125% Notes 2032(C)
495
\u2014
\u20ac1 billion 0.875% Notes 2033
993
992
\u20ac750\u00a0million 1.50% Notes 2041
747
746
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Foreign currency bonds (swapped\u00a0into\u00a0euro) (D):
US$500\u00a0million 1.50% Notes 2027
425
478
Australian dollar denominated bonds:
A$30 million 4.125% Notes 2026
\u2014
18
A$50 million 4.155% Notes 2028
30
32
A$133 million 2.45% Notes 2029
76
80
A$50 million 4.20% Notes 2031
31
33
A$187 million 4.20% Notes 2031
116
123
A$13 million 4.20% Notes 2031
8
9
Foreign currency bonds (swapped into Australian dollar)(D):
NOK1 billion 3.040% Notes 2028
86
87
NOK750 million 2.750% Notes 2030
64
65
US$50 million 2.6525% Notes 2030
43
48
JPY10 billion 4.150% Notes 2036 (A)
55
67
JPY12.3 billion 1.060% Notes 2037 (A)
53
63
PHP Term loan due 2034
338
387
Lease obligations
532
547
Total non-current borrowings
10,224
9,940
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Current:
Euro denominated bonds:
\u20ac250 million 2.750% Notes 2026(A)
250
\u2014
\u20ac800 million 0.00% Notes 2025 (E)
\u2014
799
\u20ac350 million 2.375% Notes 2025 (F)
\u2014
351
Australian dollar denominated bonds:
A$30 million 4.125% Notes 2026
17
\u2014
A$30 million 4.166% Notes 2025 (H)
\u2014
19
A$20 million 4.250% Notes 2025 (I)
\u2014
12
Philippine peso denominated loans:
PHP2 billion 4.70% Loan 2026(J)
29
\u2014
PHP500 million 4.350% Loan 2026(J)
7
\u2014
PHP3.5 billion 6.00% Loan 2025 (K)
\u2014
16
PHP2 billion 5.750% Loan 2025 (L)
\u2014
33
Lease obligations
167
161
Total current borrowings
470
1,391
(A) Some bonds are designated in full or partially in a fair value hedge relationship.
(B) In June 2025, the Group issued \u20ac300 million Floating rate Notes due 2027 and \u20ac500 million 3.125%
Notes\u00a0due 2031.
(C) In September 2025, the Group issued \u20ac500 million 3.125% Notes due 2032.
(D) Cross currency swaps are used by the Group to swap foreign currency bonds into the required local
currency.
(E) In September 2025, the Group repaid on maturity the outstanding amount related to the \u20ac800 million
0.00% Notes.
(F) In May 2025, the Group repaid on maturity the outstanding amount related to the \u20ac350 million
2.375%\u00a0Notes.
(G) In December 2025, the Group repaid prior to maturity the outstanding amount related to the \u20ac600 million
1.75% Notes due in March 2026.
(H) In September 2025, the Group repaid on maturity the outstanding amount related to the A$30 million
4.166% Notes.
(I) In December 2025, the Group repaid on maturity the outstanding amount related to the A$20 million
4.250% Notes.
(J) In December 2025, the Group issued PHP2 billion 4.70% Loan and PHP500 million 4.350% Loan, both
maturing in\u00a02026.
(K) In February 2025, the Group repaid on maturity the outstanding amount related to the PHP3.5 billion
6.00%\u00a0Loan.
(L) In December 2025, the Group repaid on maturity the outstanding amount related to the PHP2 billion
5.750%\u00a0Loan 2025.
Borrowings are stated net of unamortised financing fees of \u20ac29 million and \u20ac29 million,
as\u00a0at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively.
Interest expense recognised on lease liabilities totalled \u20ac23 million, \u20ac21 million and \u20ac17 million
in\u00a02025, 2024 and 2023, respectively.
Credit facilities
During 2025, the amount available under the Group\u2019s multi currency credit facility was
\u20ac1.80\u00a0billion. This amount is available for borrowing with a syndicate of\u00a012\u00a0banks. This credit
facility matures in 2030 and is for general corporate purposes and supporting the Group\u2019s
working capital needs. Based on information currently available, there is no indication
that\u00a0the financial institutions participating in this facility would be unable to fulfil their
commitments to the Group as at the date of these consolidated financial statements.
The\u00a0Group\u2019s current credit facility contains no financial covenants that would impact its
liquidity or access to capital. As at 31\u00a0December\u00a02025 the Group had no amounts drawn
under this credit facility.
Changes in liabilities arising from financing activities
The following table provides a reconciliation of movements of liabilities to cash flows
arising from financing activities:
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
1,336
10,571
74
(83)
4
11,902
Changes from financing cash flows
Proceeds from third party
borrowings, net
\u2014
694
\u2014
\u2014
\u2014
694
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,159)
\u2014
\u2014
\u2014
\u2014
(1,159)
Payment of principal on lease
obligations
(148)
\u2014
\u2014
\u2014
\u2014
(148)
Interest paid
(17)
\u2014
(165)
\u2014
\u2014
(182)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(841)
(841)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
69
\u2014
69
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
\u2014
5
\u2014
\u2014
\u2014
5
Lease additions and other
non-cash movements
93
98
164
\u2014
844
1,199
Movement as a result of fair
value hedges
\u2014
40
\u2014
\u2014
\u2014
40
Changes in fair values
\u2014
\u2014
\u2014
25
\u2014
25
Currency translations
(40)
(77)
\u2014
17
(2)
(102)
Reclassifications
1,235
(1,235)
\u2014
\u2014
\u2014
\u2014
Total changes
(36)
(475)
(1)
111
1
(400)
As at 31 December 2023
1,300
10,096
73
28
5
11,502
Changes from financing cash flows
Acquisition of CCBPI
63
6
\u2014
\u2014
\u2014
69
Proceeds from third party
borrowings, net
32
976
\u2014
\u2014
\u2014
1,008
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,207)
\u2014
\u2014
\u2014
\u2014
(1,207)
Payment of principal on lease
obligations
(157)
\u2014
\u2014
\u2014
\u2014
(157)
Interest paid
(21)
\u2014
(228)
\u2014
\u2014
(249)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Dividends paid
\u2014
\u2014
\u2014
\u2014
(910)
(910)
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
66
\u2014
66
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
7
\u2014
\u2014
\u2014
6
Lease additions and other
non-cash movements
53
135
243
\u2014
911
1,342
Movement as a result of fair
value hedges
\u2014
29
\u2014
\u2014
\u2014
29
Changes in fair values
\u2014
\u2014
\u2014
(59)
\u2014
(59)
Currency translations
33
(13)
\u2014
\u2014
\u2014
20
Reclassifications
1,296
(1,296)
\u2014
\u2014
\u2014
\u2014
Total changes
91
(156)
15
7
1
(42)
As at 31 December 2024
1,391
9,940
88
35
6
11,460
Changes from financing cash flows
Proceeds from third party
borrowings, net
39
1,288
\u2014
\u2014
\u2014
1,327
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,824)
\u2014
\u2014
\u2014
\u2014
(1,824)
Payment of principal on lease
obligations
(162)
\u2014
\u2014
\u2014
\u2014
(162)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest paid
(23)
\u2014
(213)
\u2014
\u2014
(236)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(927)
(927)
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
8
\u2014
\u2014
\u2014
7
Lease additions and other
non-cash movements
54
139
221
\u2014
926
1,340
Movement as a result of fair
value hedges
7
(4)
\u2014
\u2014
\u2014
3
Changes in fair values
\u2014
\u2014
\u2014
41
\u2014
41
Currency translations
13
(171)
\u2014
\u2014
\u2014
(158)
Reclassifications
976
(976)
\u2014
\u2014
\u2014
\u2014
Total changes
(921)
284
8
41
(1)
(589)
As at 31 December 2025
470
10,224
96
76
5
10,871
(A) In 2025, changes in short-term borrowings include \u20ac7,658 million of newly issued and \u20ac7,658 million
of\u00a0repaid euro commercial paper. In 2024, changes in short-term borrowings included \u20ac10,074 million
and\u00a0\u20ac10,074 million of newly issued and repaid euro commercial paper, respectively. In 2023, changes
in\u00a0short\u2011term borrowings included \u20ac6,810 million and \u20ac6,810 million of newly issued and repaid euro
commercial paper, respectively.
(B) Interest payable and dividends payable balances are presented within the Trade and other payables
line\u00a0item in the Group\u2019s consolidated statement of financial position.
(C) Interest rate and cross currency swaps are used to hedge interest rate risk and currency fluctuations of
non\u2011functional currency borrowings, refer to Note 13.
Total cash outflows for leases were \u20ac185 million, \u20ac178 million and \u20ac165\u00a0million for the years
ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-694": { "value": "
Note 8
Investment property
Investment property consists of land and buildings held primarily for earning rental
income, capital appreciation or both. These properties are not used by the Group in the
ordinary course of business. The Group applies the cost model for measuring investment
property. Under the cost model, investment property is initially recognised at cost.
Subsequently, it is depreciated on a straight-line basis over the assigned useful life
(consistent with owner-occupied property).
The Group assesses at each reporting date whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate
the\u00a0potential loss of value that may reduce the recoverable amount of the asset to below
its carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Investment property is derecognised when it has been disposed of or when it is
permanently withdrawn from use and no further economic benefit is expected from
its\u00a0disposal. The difference between the net disposal proceeds and the carrying amount
of\u00a0the asset is recognised in the Group\u2019s consolidated income statement in the period
of\u00a0derecognition.
Transfers are made to (or from) investment property when there is a change in use.
The following tables illustrate the net book value and the reconciliation of the carrying
amount of the Group\u2019s investment property as at 31\u00a0December\u00a02025 and
31\u00a0December\u00a02024:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
At cost
110
73
Accumulated depreciations and impairment losses
(24)
\u2014
Net book value
86
73
2025
2024
\u20ac million
\u20ac million
Net book value at beginning of year
73
\u2014
Acquisition of CCBPI
\u2014
46
Transfers from property, plant and equipment
12
33
Transfers from/(to) assets held for sale
9
(6)
Currency translation adjustments
(8)
\u2014
Net book value at end of year
86
73
As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, the carrying value of investment property
was \u20ac86 million and \u20ac73 million, respectively.
No impairments were recognised during the year ended 31\u00a0December\u00a02025 and
31\u00a0December\u00a02024.
The fair value of the investment property as at 31\u00a0December\u00a02025 amounted to
approximately \u20ac100 million (31\u00a0December\u00a02024: \u20ac86 million). The fair value of investment
property was determined by external, independent property valuers, having the
appropriate recognised professional qualifications and recent experience in the location
and category of property being valued. The valuation was conducted in accordance with
the International Valuation Standards and is generally based on the market approach.
At\u00a0the end of each reporting period, the Group updates its assessment of the fair value of
its investment property, taking into consideration the most recent independent valuations.
The best evidence of fair value is current prices in an active market for similar properties.
Where such information is unavailable, the Group considers information from a variety of
sources including recent prices in less active markets for similar properties, adjusted to
reflect existing differences. The resulting fair value measurements for all assets forming
part of the Group\u2019s investment property have been categorised within Level 3 of the fair
value hierarchy.
The Group has no restrictions on the realisability of its investment property and no
contractual obligations to purchase, construct or develop investment property or for
repairs, maintenance and enhancements.
During the year ended 31\u00a0December\u00a02025, the Group did not hold any rental income\u2011generating
investment property, and as such, no rental income has been recognised in the Group\u2019s
consolidated income statement (2024: nil; 2023: nil). Direct\u00a0operating expenses (including repairs
and maintenance but excluding depreciation\u00a0expense) arising from non-rental income-
generating investment property\u00a0amounted to nil for 2025 (2024: nil; 2023: nil).
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-695": { "value": "
Investment property
Investment property consists of land and buildings held primarily for earning rental
income, capital appreciation or both. These properties are not used by the Group in the
ordinary course of business. The Group applies the cost model for measuring investment
property. Under the cost model, investment property is initially recognised at cost.
Subsequently, it is depreciated on a straight-line basis over the assigned useful life
(consistent with owner-occupied property).
The Group assesses at each reporting date whether there is an indication that an asset
may be impaired. If any indication exists, an impairment test is performed to estimate
the\u00a0potential loss of value that may reduce the recoverable amount of the asset to below
its carrying amount. Any impairment loss is recognised within the consolidated income
statement by the amount which the carrying amount exceeds the recoverable amount.
Investment property is derecognised when it has been disposed of or when it is
permanently withdrawn from use and no further economic benefit is expected from
its\u00a0disposal. The difference between the net disposal proceeds and the carrying amount
of\u00a0the asset is recognised in the Group\u2019s consolidated income statement in the period
of\u00a0derecognition.
Transfers are made to (or from) investment property when there is a change in use.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-696": { "value": "
Note 9
Inventories
Inventories are valued at the lower of cost or net realisable value and cost is determined
using the first-in, first-out (FIFO) method. Net realisable value is the estimated selling price
in\u00a0the ordinary course of business, less the estimated costs necessary to complete
and\u00a0sell the inventory. Inventories consist of raw materials, supplies (primarily including
concentrate, other ingredients and\u00a0packaging) and finished goods, which also include direct
labour, indirect production and overhead costs. Cost includes all costs incurred to bring
inventories to their present location and condition. Cost of inventories also includes
the\u00a0transfer from equity of gains and/or losses on qualified cash flow hedges relating
to\u00a0inventory purchases. Spare parts, classified and accounted as inventories, are recorded
as assets at the time of purchase and are expensed as utilised.
The following table summarises the inventory outstanding in the consolidated statement of
financial position as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Finished goods
804
839
Raw materials and supplies
549
585
Spare parts and other
194
184
Total inventories
1,547
1,608
The amount of inventories recognised as an expense during 2025 was \u20ac10,521 million
(2024:\u00a0\u20ac10,487 million, 2023: \u20ac9,484 million), included within cost of sales. Write downs
of\u00a0inventories totalled \u20ac52 million , \u20ac67 million and \u20ac59 million for the years ended
31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively. The\u00a0majority
of\u00a0these write downs were included in cost of sales in the consolidated income statement.
None of\u00a0these write downs of inventory were subsequently reversed.", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-697": { "value": "
Inventories
Inventories are valued at the lower of cost or net realisable value and cost is determined
using the first-in, first-out (FIFO) method. Net realisable value is the estimated selling price
in\u00a0the ordinary course of business, less the estimated costs necessary to complete
and\u00a0sell the inventory. Inventories consist of raw materials, supplies (primarily including
concentrate, other ingredients and\u00a0packaging) and finished goods, which also include direct
labour, indirect production and overhead costs. Cost includes all costs incurred to bring
inventories to their present location and condition. Cost of inventories also includes
the\u00a0transfer from equity of gains and/or losses on qualified cash flow hedges relating
to\u00a0inventory purchases. Spare parts, classified and accounted as inventories, are recorded
as assets at the time of purchase and are expensed as utilised.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-700": { "value": "
Note 10
Trade accounts receivable
The Group sells its products to retailers, wholesalers and other customers and extends
credit, generally without requiring collateral, based on an evaluation of the customer\u2019s
financial condition. While the Group has a concentration of credit risk in the retail sector,
this risk is mitigated due to the diverse nature of the customers the Group serves, including,
but not limited to, their type, geographic location, size and beverage channel.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to\u00a060 days and do not bear interest. The Group
applies an expected credit loss reserve methodology to assess possible impairments.
Balances are considered for impairment on an individual basis rather than by reference
to\u00a0the extent that they become overdue. The Group considers factors such as delinquency
in payment, financial difficulties, payment history of the debtor and certain forward-looking
macroeconomic indicators. The carrying amount of trade accounts receivable is reduced
through the use of an allowance account, and the amount of the loss is recognised in the
consolidated income statement. Credit insurance on a portion of the accounts receivable
balance is also carried. Refer to Note 27 for further details on credit risk management.
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
The following table summarises the trade accounts receivable outstanding in the
consolidated statement of financial position as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Trade accounts receivable, gross
2,743
2,622
Allowance for doubtful accounts
(58)
(58)
Total trade accounts receivable
2,685
2,564
The following table summarises the ageing of trade accounts receivable, net of allowance
for doubtful accounts, in\u00a0the consolidated statement of financial position as at the
dates\u00a0presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Not past due
2,465
2,409
Past due 1 \u2013 30 days
108
91
Past due 31 \u2013 60 days
20
14
Past due 61 \u2013 90 days
8
12
Past due 91 \u2013 120 days
49
9
Past due 121+ days
35
29
Total trade accounts receivables
2,685
2,564
The following table summarises the change in the allowance for doubtful accounts for the
periods presented:
Allowance for doubtful
accounts
\u20ac million
As at 31 December 2023
(54)
Provision for impairment recognised during the year
(11)
Receivables written off during the year as uncollectable
3
Reversals
4
Currency translation adjustments
\u2014
As at 31 December 2024
(58)
Provision for impairment recognised during the year
(10)
Receivables written off during the year as uncollectable
4
Reversals
7
Currency translation adjustments
(1)
As at 31 December 2025
(58)
Note 11
Cash and cash equivalents and short-term investments
Cash and cash equivalents
Cash and cash equivalents are comprised of cash and short-term, highly liquid financial
instruments, including investments in money market funds, with maturity dates of less than
three months when acquired that are readily convertible to cash and are subject to an
insignificant risk of changes in value. Counterparties and instruments used to hold the
Group\u2019s cash and cash equivalents are continually assessed, with a focus on preservation
of capital and liquidity.
The following table summarises the cash and cash equivalents outstanding in the
consolidated statement of financial position as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Cash at banks and on hand
529
611
Short-term deposits and securities
389
952
Total cash and cash equivalents
918
1,563
Cash and cash equivalents are held in the following currencies as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Euro
130
268
British pound
233
497
US dollar
50
51
Norwegian krone
99
57
Swedish krona
31
13
Australian dollar
202
358
Indonesian rupiah
44
123
Papua New Guinean kina
37
36
Philippine peso
20
25
Other
72
135
Total cash and cash equivalents
918
1,563
Included within cash and cash equivalents as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024
were Papua New Guinea cash assets of \u20ac37 million and \u20ac36 million, respectively,
denominated in local currency (kina). Government-imposed currency controls impact the
extent to which the cash held in Papua New Guinea can be converted into foreign currency
and remitted for use elsewhere in the Group.
As at 31\u00a0December\u00a02025, the Group\u2019s Employee Benefit Trust held no cash or cash
equivalents, whereas at 31\u00a0December\u00a02024 it held \u20ac10 million (refer to Note 17). These funds
can be solely used for the purchases of CCEP Shares to satisfy the Group\u2019s award
requirements under its current and future share-based compensation plans.
There were no other material restrictions on the Group\u2019s cash and cash equivalents.
Short-term investments
Short-term investments are financial assets that are initially recognised at fair value
and\u00a0subsequently measured at amortised cost. The Group classifies its financial assets
as\u00a0measured at amortised cost only if both of the following criteria are met:
\u25a0 the asset is held within a business model whose objective is to collect the contractual
cash flows; and
\u25a0 the contractual terms give rise to cash flows that are solely payments of principal
and\u00a0interest.
The short-term investment balance is comprised of time deposits and treasury bills,
with\u00a0maturity dates of greater than three months and less than one year when acquired,
which do not meet the definition of cash and cash equivalents, and are expected to be
held until maturity. These are highly liquid investments and, due to their short-term nature,
their carrying amount is not significantly different from the fair values.
As at 31\u00a0December\u00a02025 , short-term investments were \u20ac39 million (2024: \u20ac150 million),
of\u00a0which nil were denominated in Papua New Guinea kina (2024: \u20ac18 million).
Kina\u2011denominated investments are subject to government-imposed currency controls
which impact the extent to which these investments, upon maturity, can be converted
into\u00a0foreign currency and remitted for use elsewhere in the Group.
Cash receipts arising from the interest earned on cash and cash equivalents and
short\u2011term investments were \u20ac61\u00a0million, \u20ac74\u00a0million and \u20ac58\u00a0million for the years
ended\u00a031\u00a0December\u00a02025, 31\u00a0December\u00a02024 , and 31\u00a0December\u00a02023, respectively.
Note 13
Hedging activities
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
The following table summarises the fair value of the assets and liabilities related
to\u00a0derivative financial instruments and the respective line items in which they were
recorded in the consolidated statement of financial position as at the dates presented.
All\u00a0derivative instruments are classified as Level 2 within the fair value hierarchy.
Discussion of the Group\u2019s other financial assets and liabilities is contained elsewhere
in\u00a0these financial statements. Refer to Note 10 for trade accounts receivable, Note 15
for\u00a0trade and other payables, Note 14 for borrowings and Note 20 for amounts receivable
and payable with related parties.
Hedging instrument
Location \u2013 statement of\u00a0financial\u00a0position
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Assets:
Derivative financial assets:
Commodity contracts
Non-current derivative
assets
9
9
Foreign currency contracts
Non-current derivative
assets
1
9
Interest rate and cross
currency swaps
Non-current derivative
assets
24
80
Commodity contracts
Current derivative assets
59
52
Foreign currency contracts
Current derivative assets
10
50
Other derivative instruments
Current derivative assets
15
\u2014
Total assets
118
200
Liabilities:
Derivative financial liabilities:
Commodity contracts
Non-current derivative
liabilities
42
46
Foreign currency contracts
Non-current derivative
liabilities
5
\u2014
Interest rate and cross
currency swaps
Non-current derivative
liabilities
100
115
Commodity contracts
Current derivative liabilities
72
37
Foreign currency contracts
Current derivative liabilities
27
8
Total liabilities
246
206
Cash flow hedges
The Group uses cash flow hedges to mitigate its exposure to variability in cash flows
attributable to currency fluctuations and commodity price fluctuations associated with
certain highly probable forecasted transactions, including purchases of raw materials,
finished goods and services denominated in non-functional currencies, the receipts
of\u00a0interest as well as the payments of interest and principal on debt issuances in
non\u2011functional currencies.
Effective changes in the fair value of these cash flow hedging instruments are recognised
as a component of other reserves in the consolidated statement of changes in equity.
Any\u00a0changes in the fair value of these cash flow hedges that are the result of
ineffectiveness are recognised immediately in the line item in the consolidated income
statement that is consistent with the nature of the underlying hedged item. Historically,
the\u00a0Group has not experienced, and does not expect to experience, material hedge
ineffectiveness with the value of the hedged instrument equalling that of the hedged item.
If the hedged cash flow results in a subsequent recognition of a non-financial asset
or\u00a0liability, the gains and/or losses accumulated in equity are included in the measurement
of the cost of the asset or liability. For other cash flow hedges, the amounts deferred
in\u00a0equity are then recognised within the line item in the consolidated income statement
that is consistent with the nature of the underlying hedged item in the period that the
forecasted purchases or payments impact earnings.
The following table summarises the Group\u2019s outstanding cash flow hedges by risk category
as at the dates presented (all contracts denominated in a foreign currency have been
converted into euro using the respective year end spot rate):
Notional maturity profile
Total
Less than
1\u00a0year
1 to 3 years
3 to 5 years
Over 5 years
Cash flow hedges
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Deal contingent foreign currency
forwards
636
636
\u2014
\u2014
\u2014
Foreign currency contracts
1,105
980
125
\u2014
\u2014
Interest rate and cross currency
swaps
1,306
602
\u2014
520
184
Commodity contracts
1,441
829
588
9
15
As at 31 December 2023
4,488
3,047
713
529
199
Foreign currency contracts
1,460
1,196
264
\u2014
\u2014
Interest rate and cross currency
swaps
696
\u2014
416
101
179
Commodity contracts
1,662
889
635
121
17
As at 31 December 2024
3,818
2,085
1,315
222
196
Foreign currency contracts
1,240
937
303
\u2014
\u2014
Interest rate and cross currency
swaps
683
\u2014
512
114
57
Commodity contracts
1,131
749
366
8
8
As at 31 December 2025
3,054
1,686
1,181
122
65
The net notional amount of outstanding interest rate and cross currency swaps used to
hedge interest rate risk and currency fluctuations of non-functional currency borrowings
was \u20ac0.7 billion as at 31\u00a0December\u00a02025, \u20ac0.7 billion as at\u00a031\u00a0December\u00a02024 and \u20ac1.3 billion
as at 31\u00a0December\u00a02023. The net notional amount of the other outstanding foreign
currency cash flow hedges was \u20ac1.2 billion as at 31\u00a0December\u00a02025, \u20ac1.5 billion as at
31\u00a0December\u00a02024 and \u20ac1.1 billion as at 31\u00a0December\u00a02023. The net notional amount of
outstanding commodity-related cash flow hedges was \u20ac1.1 billion as at 31\u00a0December\u00a02025,
\u20ac1.7 billion as at 31\u00a0December\u00a02024 and \u20ac1.4 billion as at 31\u00a0December\u00a02023.
Outstanding cash flow hedges as at 31\u00a0December\u00a02025 are expected to be settled
between 2026\u00a0and 2036.
The following table provides a reconciliation by risk category of the net of tax impacts on
the cash flow hedge reserve disclosed in Note 17, resulting from cash flow hedge accounting:
Foreign
currency
contracts
Commodity
contracts
Interest rate
and cross
currency
swaps
Total
Cash flow hedges
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
20
79
5
104
Net fair value gains/(losses) recognised in OCI
(26)
67
(3)
38
Net (gains) reclassified from OCI to income
statement
(1)
(17)
(10)
(28)
Net (gains)/losses transferred to cost of
inventories
11
(94)
\u2014
(83)
As at 31 December 2023
4
35
(8)
31
Net fair value gains/(losses) recognised in OCI
41
(27)
8
22
Net (gains) reclassified from OCI to income
statement
\u2014
(6)
(4)
(10)
Net (gains)/losses transferred to cost of
inventories
5
(18)
\u2014
(13)
Net losses transferred to goodwill\u00a0in connection
with the Acquisition
2
\u2014
\u2014
2
As at 31 December 2024
52
(16)
(4)
32
Net fair value gains/(losses) recognised in OCI
(56)
(18)
13
(61)
Net (gains)/losses reclassified from OCI to
income statement
1
1
(3)
(1)
Net losses transferred to cost of inventories
8
1
\u2014
9
As at 31 December 2025
5
(32)
6
(21)
The following table summarises the net of tax effect of the cash flow hedges in the
consolidated income statement for the periods presented:
Cash flow hedging instruments
Location \u2013 Income statement
Amount of gain/(loss) reclassified
from the cash flow hedge reserve into profit
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts
Cost of sales
\u2014
\u2014
1
Foreign currency
contracts
Selling and
distribution expenses
(1)
\u2014
\u2014
Commodity contracts
Selling and
distribution expenses
(1)
6
17
Interest rate and cross
currency swaps
Finance costs
3
4
10
Total
1
10
28
Ineffectiveness associated with these cash flow hedges was not material during any year
presented within these financial statements.
Fair value hedges
The Group has designated certain cross currency swaps used to mitigate foreign currency
exchange risk and interest rate risk on foreign currency borrowings as fair value hedges.
There is an economic relationship between the hedged item and the hedging instrument,
as\u00a0the terms of the cross currency swap contracts match the terms of the fixed rate
borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship.
The Group also designates foreign currency contracts as fair value hedges to mitigate
foreign currency exchange risk.
The following table summarises the Group\u2019s outstanding fair value hedges by risk category
as at the dates presented (all contracts denominated in a foreign currency have been
converted into euro using the respective year end spot rate):
Less than
1\u00a0year
1 to 3 years
3 to 5 years
Over 5\u00a0years
Fair value hedges
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross currency swaps
1,159
\u2014
275
450
434
As at 31 December 2023
1,159
\u2014
275
450
434
Interest rate and cross currency swaps
1,154
\u2014
500
225
429
Foreign currency contracts
13
13
\u2014
\u2014
\u2014
As at 31 December 2024
1,167
13
500
225
429
Interest rate and cross currency swaps
972
100
450
150
272
Foreign currency contracts
10
10
\u2014
\u2014
\u2014
As at 31 December 2025
982
110
450
150
272
The net notional amount of outstanding interest rate and cross currency swaps designated
in a fair value hedge relationship with borrowings was \u20ac972 million as at 31\u00a0December\u00a02025,
\u20ac1,154 million as at\u00a031\u00a0December\u00a02024 and \u20ac1,159 million as at 31\u00a0December\u00a02023.
The following table summarises the gains/(losses) recognised from the settlement of fair value
hedges within the consolidated income statement for the periods presented:
Fair value hedges
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross
currency swaps
Finance costs
(24)
(36)
(30)
Total
(24)
(36)
(30)
The carrying value of the hedged item recognised within borrowings as at
31\u00a0December\u00a02025 was\u00a0\u20ac891 million (31\u00a0December\u00a02024: \u20ac1,076 million), and included
accumulated fair value hedging adjustments of \u20ac33 million reducing borrowings
(31\u00a0December\u00a02024: \u20ac74 million reduction in borrowings).
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
There were no outstanding non-designated foreign currency hedges related to\u00a0hedging
foreign currency exposure on intercompany loans as at 31\u00a0December\u00a02025. There were
\u20ac206 million outstanding non-designated hedges as at 31\u00a0December\u00a02024.
There were \u20ac24 million of outstanding non-designated commodity hedges entered into
as\u00a0part of a power purchase agreement as at 31\u00a0December\u00a02025 (31\u00a0December\u00a02024:
\u20ac33 million). This agreement expires in 2035.
The following table summarises the gains/(losses) recognised from non-designated derivative
financial instruments in the consolidated income statement for the years presented:
Non-designated hedging
instruments
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts (A)
Non-operating items
3
2
(5)
Commodity
contracts
Non-operating items
(10)
4
\u2014
Total
(7)
6
(5)
(A) The gain/(loss) recognised on these currency contracts is offset by the gain/(loss) recognised on the remeasurement
of the underlying hedged items; therefore, there is a minimal consolidated net effect in non-operating items on the
consolidated income statement.
Net investment hedges
The Group had no net investment hedges in place as at 31\u00a0December\u00a02025 or
31\u00a0December\u00a02024. However, it continues to monitor its exposure to currency exchange
rates and may enter into future net investment hedges as\u00a0a result of volatility in the
functional currencies of certain of its subsidiaries.
Note 14
Borrowings and leases
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
Borrowings outstanding
The following table summarises the carrying value of the Group\u2019s borrowings as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Non-current:
Euro denominated bonds:
\u20ac250 million 2.750% Notes 2026 (A)
\u2014
247
\u20ac600 million 1.750% Notes 2026 (A), (G)
\u2014
593
\u20ac300 million Floating rate Notes 2027(B)
299
\u2014
\u20ac400 million 1.50% Notes 2027 (A)
391
387
\u20ac250\u00a0million 1.50% Notes 2027
253
256
\u20ac500 million 1.750% Notes 2028 (A)
488
484
\u20ac750 million 0.20% Notes 2028
747
746
\u20ac500 million 1.125% Notes 2029
497
497
\u20ac500 million 1.875% Notes 2030 (A)
488
485
\u20ac700 million 3.875% Notes 2030
696
695
\u20ac500 million 3.125% Notes 2031(B)
496
\u2014
\u20ac500 million 0.70% Notes 2031 (A)
485
485
\u20ac700 million 0.50% Notes 2029
697
696
\u20ac600 million 3.250% Notes 2032
595
594
\u20ac500 million 3.125% Notes 2032(C)
495
\u2014
\u20ac1 billion 0.875% Notes 2033
993
992
\u20ac750\u00a0million 1.50% Notes 2041
747
746
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Foreign currency bonds (swapped\u00a0into\u00a0euro) (D):
US$500\u00a0million 1.50% Notes 2027
425
478
Australian dollar denominated bonds:
A$30 million 4.125% Notes 2026
\u2014
18
A$50 million 4.155% Notes 2028
30
32
A$133 million 2.45% Notes 2029
76
80
A$50 million 4.20% Notes 2031
31
33
A$187 million 4.20% Notes 2031
116
123
A$13 million 4.20% Notes 2031
8
9
Foreign currency bonds (swapped into Australian dollar)(D):
NOK1 billion 3.040% Notes 2028
86
87
NOK750 million 2.750% Notes 2030
64
65
US$50 million 2.6525% Notes 2030
43
48
JPY10 billion 4.150% Notes 2036 (A)
55
67
JPY12.3 billion 1.060% Notes 2037 (A)
53
63
PHP Term loan due 2034
338
387
Lease obligations
532
547
Total non-current borrowings
10,224
9,940
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Current:
Euro denominated bonds:
\u20ac250 million 2.750% Notes 2026(A)
250
\u2014
\u20ac800 million 0.00% Notes 2025 (E)
\u2014
799
\u20ac350 million 2.375% Notes 2025 (F)
\u2014
351
Australian dollar denominated bonds:
A$30 million 4.125% Notes 2026
17
\u2014
A$30 million 4.166% Notes 2025 (H)
\u2014
19
A$20 million 4.250% Notes 2025 (I)
\u2014
12
Philippine peso denominated loans:
PHP2 billion 4.70% Loan 2026(J)
29
\u2014
PHP500 million 4.350% Loan 2026(J)
7
\u2014
PHP3.5 billion 6.00% Loan 2025 (K)
\u2014
16
PHP2 billion 5.750% Loan 2025 (L)
\u2014
33
Lease obligations
167
161
Total current borrowings
470
1,391
(A) Some bonds are designated in full or partially in a fair value hedge relationship.
(B) In June 2025, the Group issued \u20ac300 million Floating rate Notes due 2027 and \u20ac500 million 3.125%
Notes\u00a0due 2031.
(C) In September 2025, the Group issued \u20ac500 million 3.125% Notes due 2032.
(D) Cross currency swaps are used by the Group to swap foreign currency bonds into the required local
currency.
(E) In September 2025, the Group repaid on maturity the outstanding amount related to the \u20ac800 million
0.00% Notes.
(F) In May 2025, the Group repaid on maturity the outstanding amount related to the \u20ac350 million
2.375%\u00a0Notes.
(G) In December 2025, the Group repaid prior to maturity the outstanding amount related to the \u20ac600 million
1.75% Notes due in March 2026.
(H) In September 2025, the Group repaid on maturity the outstanding amount related to the A$30 million
4.166% Notes.
(I) In December 2025, the Group repaid on maturity the outstanding amount related to the A$20 million
4.250% Notes.
(J) In December 2025, the Group issued PHP2 billion 4.70% Loan and PHP500 million 4.350% Loan, both
maturing in\u00a02026.
(K) In February 2025, the Group repaid on maturity the outstanding amount related to the PHP3.5 billion
6.00%\u00a0Loan.
(L) In December 2025, the Group repaid on maturity the outstanding amount related to the PHP2 billion
5.750%\u00a0Loan 2025.
Borrowings are stated net of unamortised financing fees of \u20ac29 million and \u20ac29 million,
as\u00a0at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively.
Interest expense recognised on lease liabilities totalled \u20ac23 million, \u20ac21 million and \u20ac17 million
in\u00a02025, 2024 and 2023, respectively.
Credit facilities
During 2025, the amount available under the Group\u2019s multi currency credit facility was
\u20ac1.80\u00a0billion. This amount is available for borrowing with a syndicate of\u00a012\u00a0banks. This credit
facility matures in 2030 and is for general corporate purposes and supporting the Group\u2019s
working capital needs. Based on information currently available, there is no indication
that\u00a0the financial institutions participating in this facility would be unable to fulfil their
commitments to the Group as at the date of these consolidated financial statements.
The\u00a0Group\u2019s current credit facility contains no financial covenants that would impact its
liquidity or access to capital. As at 31\u00a0December\u00a02025 the Group had no amounts drawn
under this credit facility.
Changes in liabilities arising from financing activities
The following table provides a reconciliation of movements of liabilities to cash flows
arising from financing activities:
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
1,336
10,571
74
(83)
4
11,902
Changes from financing cash flows
Proceeds from third party
borrowings, net
\u2014
694
\u2014
\u2014
\u2014
694
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,159)
\u2014
\u2014
\u2014
\u2014
(1,159)
Payment of principal on lease
obligations
(148)
\u2014
\u2014
\u2014
\u2014
(148)
Interest paid
(17)
\u2014
(165)
\u2014
\u2014
(182)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(841)
(841)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
69
\u2014
69
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
\u2014
5
\u2014
\u2014
\u2014
5
Lease additions and other
non-cash movements
93
98
164
\u2014
844
1,199
Movement as a result of fair
value hedges
\u2014
40
\u2014
\u2014
\u2014
40
Changes in fair values
\u2014
\u2014
\u2014
25
\u2014
25
Currency translations
(40)
(77)
\u2014
17
(2)
(102)
Reclassifications
1,235
(1,235)
\u2014
\u2014
\u2014
\u2014
Total changes
(36)
(475)
(1)
111
1
(400)
As at 31 December 2023
1,300
10,096
73
28
5
11,502
Changes from financing cash flows
Acquisition of CCBPI
63
6
\u2014
\u2014
\u2014
69
Proceeds from third party
borrowings, net
32
976
\u2014
\u2014
\u2014
1,008
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,207)
\u2014
\u2014
\u2014
\u2014
(1,207)
Payment of principal on lease
obligations
(157)
\u2014
\u2014
\u2014
\u2014
(157)
Interest paid
(21)
\u2014
(228)
\u2014
\u2014
(249)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Dividends paid
\u2014
\u2014
\u2014
\u2014
(910)
(910)
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
66
\u2014
66
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
7
\u2014
\u2014
\u2014
6
Lease additions and other
non-cash movements
53
135
243
\u2014
911
1,342
Movement as a result of fair
value hedges
\u2014
29
\u2014
\u2014
\u2014
29
Changes in fair values
\u2014
\u2014
\u2014
(59)
\u2014
(59)
Currency translations
33
(13)
\u2014
\u2014
\u2014
20
Reclassifications
1,296
(1,296)
\u2014
\u2014
\u2014
\u2014
Total changes
91
(156)
15
7
1
(42)
As at 31 December 2024
1,391
9,940
88
35
6
11,460
Changes from financing cash flows
Proceeds from third party
borrowings, net
39
1,288
\u2014
\u2014
\u2014
1,327
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,824)
\u2014
\u2014
\u2014
\u2014
(1,824)
Payment of principal on lease
obligations
(162)
\u2014
\u2014
\u2014
\u2014
(162)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest paid
(23)
\u2014
(213)
\u2014
\u2014
(236)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(927)
(927)
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
8
\u2014
\u2014
\u2014
7
Lease additions and other
non-cash movements
54
139
221
\u2014
926
1,340
Movement as a result of fair
value hedges
7
(4)
\u2014
\u2014
\u2014
3
Changes in fair values
\u2014
\u2014
\u2014
41
\u2014
41
Currency translations
13
(171)
\u2014
\u2014
\u2014
(158)
Reclassifications
976
(976)
\u2014
\u2014
\u2014
\u2014
Total changes
(921)
284
8
41
(1)
(589)
As at 31 December 2025
470
10,224
96
76
5
10,871
(A) In 2025, changes in short-term borrowings include \u20ac7,658 million of newly issued and \u20ac7,658 million
of\u00a0repaid euro commercial paper. In 2024, changes in short-term borrowings included \u20ac10,074 million
and\u00a0\u20ac10,074 million of newly issued and repaid euro commercial paper, respectively. In 2023, changes
in\u00a0short\u2011term borrowings included \u20ac6,810 million and \u20ac6,810 million of newly issued and repaid euro
commercial paper, respectively.
(B) Interest payable and dividends payable balances are presented within the Trade and other payables
line\u00a0item in the Group\u2019s consolidated statement of financial position.
(C) Interest rate and cross currency swaps are used to hedge interest rate risk and currency fluctuations of
non\u2011functional currency borrowings, refer to Note 13.
Total cash outflows for leases were \u20ac185 million, \u20ac178 million and \u20ac165\u00a0million for the years
ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
Note 15
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers . The costs of these off-invoice customer marketing initiatives
totalled \u20ac6.0 billion, \u20ac5.8 billion and \u20ac5.4 billion for 2025, 2024 and 2023, respectively.
The following table summarises trade and other payables as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Trade accounts payable
2,716
2,669
Accrued customer marketing costs
1,424
1,376
Accrued deposits
400
392
Accrued compensation and benefits
492
500
Accrued taxes (A)
656
389
Other accrued expenses
497
460
Total trade and other payables
6,185
5,786
(A) This line item includes a payable of \u20ac287\u00a0million as at 31\u00a0December\u00a02025 (31\u00a0December\u00a02024: \u20ac61\u00a0million)
related to the Spanish VAT matter. Refer to Note 25 for further details.
The following table summarises the transactions with TCCC that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from TCCC
92
76
Amounts payable to TCCC
289
320
The following table summarises the transactions with Cobega that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from Cobega
7
7
Amounts payable to Cobega
20
32
The following table summarises the balances with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from associates
\u2014
6
Amounts payable to associates
13
2
Amounts payable to joint ventures
\u2014
9
Amounts payable to other related parties
19
10
Note 26
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
The following table summarises the Group\u2019s carrying value of investments as at the dates
presented:
Year ended 31 December
2025
2024
Investments
\u20ac million
\u20ac million
Investments accounted using equity method
35
40
Financial assets at fair value through other comprehensive
income (A)
21
14
Total investments
56
54
(A) Changes in equity investments for the year ended 31\u00a0December\u00a02025 were due to additional investments
in\u00a0existing investees and the acquisition of new investments.
Note 27
Financial risk management
Financial risk factors, objectives and policies
The Group\u2019s activities expose it to several financial risks including market risk, credit risk
and\u00a0liquidity risk. Financial risk activities are governed by appropriate policies and
procedures to minimise the uncertainties these risks create on the Group\u2019s future
cash\u00a0flows. Such policies are developed and approved by the Group\u2019s Treasury and
Commodities Risk Committee, through the authority delegated to it by the Board.
Market risk
Market risk represents the risk that the fair value of future cash flows of a financial
instrument will fluctuate due to changes in market prices and includes interest rate risk,
currency exchange risk and other price risk such as commodity price risk. Market risk
affects outstanding borrowings, as well as derivative financial instruments.
Interest rates
The Group is subject to interest rate risk for its outstanding borrowings. To manage interest
rate risk, the Group maintains a significant proportion of its borrowings at fixed rates.
Approximately 88% and 90% of the Group\u2019s interest bearing borrowings were comprised
of\u00a0fixed rate borrowings at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively.
The\u00a0Group also modifies its interest rate exposure through the use of interest rate swaps.
As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, the notional value of the Group\u2019s interest
rate swaps was \u20ac882 million and \u20ac1,060\u00a0million, respectively.
If interest rates on the Group\u2019s floating rate debt were adjusted by 1% for the years ended
31\u00a0December\u00a02025, 31\u00a0December 2024 and 31\u00a0December\u00a02023, the Group\u2019s finance costs
and pre-tax equity would change on an annual basis by approximately \u20ac8 million, \u20ac8 million
and \u20ac9 million, respectively. This amount is determined by calculating the effect
of\u00a0a\u00a0hypothetical interest rate change on the Group\u2019s floating rate debt.
Currency exchange risk
Foreign currency exchange risk can only arise on financial instruments that are denominated in
a\u00a0currency other than the functional currency in which they are measured. Translation-related
risks are therefore not included in the assessment of the Group\u2019s exposure to currency risks.
Translation exposures arise from financial and non-financial items held by the Group with a
functional currency different from the Group\u2019s presentation currency (euro). To manage
currency exchange risk arising from future commercial transactions and recognised monetary
assets and liabilities, foreign currency forward and option contracts with external third parties
are used. Typically, up to 80% of anticipated cash flow exposures in each major foreign currency
for the next calendar year are hedged using a combination of forward and option contracts with
third parties.
The Group is also exposed to the risk of changes in currency exchange rates between
US\u00a0dollar and euro in relation to its US dollar denominated borrowings. This risk is managed
by\u00a0entering into cross currency swaps upon issuance, thereby mitigating the foreign
currency exchange risk in its entirety.
The Group\u2019s main foreign currency exchange rate exposure relates to the changes in value of
the euro and US dollar against other currencies. The following tables demonstrate the sensitivity
to a reasonably possible change in the euro and US dollar exchange rates, with all other
variables held constant. The impact on the Group\u2019s profit before taxes is due to the changes in
the fair value of the monetary assets and liabilities denominated in currencies other than the
functional currencies in which they are measured. The impact on the Group\u2019s pre-tax equity is
due to\u00a0changes in the fair value of foreign currency contracts designated as cash flow hedges.
The\u00a0Group\u2019s exposure to foreign currency changes for all other currencies is not material.
Year ended 31 December
Profit before taxes impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(5)
(9)
(8)
10% depreciation in the euro
5
9
8
10% appreciation in the US dollar
(4)
(8)
2
10% depreciation in the US dollar
4
8
(2)
Year ended 31 December
Pre-tax equity impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(38)
(33)
(6)
10% depreciation in the euro
38
33
6
10% appreciation in the US dollar
109
108
79
10% depreciation in the US dollar
(109)
(108)
(79)
Commodity price risk
The competitive marketplace in which the Group operates may limit its ability to recover
increased costs through higher prices. As such, the Group is subject to market risk with
respect to\u00a0commodity price fluctuations, principally related to its purchases of aluminium,
PET (plastic, including recycled PET, LDPE), natural gas, power, ethylene, sugar and vehicle
fuel. When possible, exposure to this risk is managed primarily through the use of supplier
pricing agreements, which enable the Group to establish the purchase price for certain
commodities. Certain suppliers restrict the Group\u2019s ability to hedge prices through supplier
agreements. As a result, commodity hedging programmes are entered into and generally
designated as hedging instruments. Refer to Note 13 for more information. Typically, up to
80% of\u00a0the anticipated commodity transaction exposures for the next calendar year are
hedged using a combination of\u00a0forward and option\u00a0contracts executed with third parties.
The following table demonstrates the sensitivity to reasonably possible changes in
commodity prices at the reporting date, with all other variables held constant. The impact
on the Group\u2019s pre-tax equity is due to changes in the fair value of commodity hedges
designated as cash flow hedges. The impact on the Group\u2019s profit before taxes is
immaterial as the vast majority of commodity derivatives are designated as hedging
instruments in cash flow hedges. As at 31\u00a0December\u00a02025, there were \u20ac24 million
(31\u00a0December\u00a02024: \u20ac33 million) of outstanding non-designated commodity hedges
(refer\u00a0to Note 13 for further details).
Year ended 31 December
2025
2024
2023
Commodity price risk
\u20ac million
\u20ac million
\u20ac million
10% increase in commodity prices equity gain
113
166
144
10% decrease in commodity prices equity loss
(113)
(166)
(144)
Credit risk
The Group is exposed to counterparty credit risk on all of its derivative financial instruments.
Strict counterparty credit guidelines are maintained and only financial institutions that are
investment grade or better are acceptable counterparties. Counterparty credit risk is
continuously monitored and numerous counterparties are used to minimise exposure
to\u00a0potential defaults. Where required, collateral is paid between the counterparties to
minimise counterparty risk. The maximum credit risk exposure for each derivative financial
instrument is\u00a0the carrying amount of the derivative. Included in trade and other payables
is\u00a0\u20ac10 million (2024:\u00a0\u20ac18 million) related to collateral received from counterparties.
Credit is extended in the form of payment terms for trade to customers of the Group,
consisting of retailers, wholesalers and other customers, generally without requiring
collateral, based on an evaluation of the customer\u2019s financial condition. While the Group
has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse
nature of the customers the Group serves, including, but not limited to, their type,
geographic location, size and beverage channel. Depending on the risk profile of certain
customers, we may also seek bank guarantees. Collections of receivables are dependent
on each individual customer\u2019s financial condition and sales adjustments granted.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to 60 days and do not bear interest. A default on a
financial asset is when\u00a0the counterparty fails to make contractual payments when they
fall\u00a0due. Exposure to\u00a0losses on receivables is monitored, and balances are adjusted for
expected credit losses. Expected credit losses are determined by: (1) evaluating the ageing
of receivables; (2)\u00a0analysing the history of adjustments; and (3) reviewing high risk
customers. Credit\u00a0insurance on a portion of the accounts receivable balance is also
carried.
Liquidity risk
Liquidity risk is actively managed to ensure that the Group has sufficient funds to satisfy
its\u00a0commitments. The Group\u2019s sources of capital include, but are not limited to, cash
flows\u00a0from operations, public and private issuances of debt and equity securities, and
bank\u00a0borrowings. The\u00a0Group believes its operating cash flows, cash on hand and available
short- and long-term capital resources are sufficient to fund its working capital
requirements, scheduled borrowing payments, interest payments, capital expenditures,
benefit plan contributions, income tax obligations and dividends to its shareholders.
Counterparties and instruments used to hold cash and cash equivalents are continuously
assessed, with a focus on preservation of capital and liquidity. Based on information
currently available, the Group does not believe it is at significant risk of default by
its\u00a0counterparties.
The Group has amounts available for borrowing under a \u20ac1.80 billion multi currency credit
facility (2024: \u20ac1.80 billion) with a syndicate of 12 banks. This credit facility matures in 2030
and is for general corporate purposes, including serving as a backstop to its commercial
paper programme and supporting the Group\u2019s working capital needs. Based on information
currently available, the Group has no indication that the financial institutions participating in
this facility would be unable to fulfil their commitments as at the date of these financial
statements. The current credit facility contains no financial covenants that would impact
the Group\u2019s liquidity or access to capital. As at 31\u00a0December\u00a02025, the Group had no
amounts drawn under this credit facility.
The Group operates a sustainability-linked supply chain finance programme. The facility is
provided by a third party bank and helps our suppliers get paid earlier than under
contractual credit terms. Supplier balances under supply chain finance facilities are
disclosed in Note 15.
The following table summarises the maturity profile of the Group\u2019s financial liabilities as at
31\u00a0December\u00a02025. The amounts are presented on a gross, undiscounted basis and include
contractual interest payments, excluding the effects of any netting arrangements.
Balances due within 12 months approximate their carrying amounts, as the impact of
discounting is not significant.
Total
Less than 1\u00a0year
1 to 3 years
3 to 5 years
More than
5\u00a0years
Financial liabilities
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
31\u00a0December\u00a02025
Trade and other payables
5,450
5,450
\u2014
\u2014
\u2014
Amounts payable to related
parties
341
341
\u2014
\u2014
\u2014
Borrowings
11,280
517
3,092
2,880
4,791
Derivatives
246
99
68
19
60
Lease liabilities
779
179
275
131
194
Total financial liabilities
18,096
6,586
3,435
3,030
5,045
31\u00a0December\u00a02024
Trade and other payables
5,319
5,319
\u2014
\u2014
\u2014
Amounts payable to related
parties
373
373
\u2014
\u2014
\u2014
Borrowings
11,886
1,376
2,332
2,916
5,262
Derivatives
206
45
58
15
88
Lease liabilities
787
172
269
142
204
Total financial liabilities
18,571
7,285
2,659
3,073
5,554
Capital management
The primary objective of the Group\u2019s capital management is to ensure a strong credit rating
and\u00a0appropriate capital ratios are maintained to support the Group\u2019s business and
maximise shareholder value. The Group\u2019s credit ratings are periodically reviewed by rating
agencies. Currently, the Group\u2019s long-term ratings from Moody\u2019s and Fitch are A3 and A-,
respectively. Changes in the operating results, cash flows or financial position could impact
the ratings assigned by the various rating agencies. The credit rating can be materially
influenced by a number of factors including, but not limited to, acquisitions, investment
decisions, capital management activities of TCCC and/or changes in the credit rating of
TCCC. Should the credit ratings be adjusted downwards, the Group may incur higher costs
to borrow, which could have a material impact on the financial condition and results of
operations.
The capital structure is managed and, as appropriate, adjustments are made in light of
changes in economic conditions and the Group\u2019s financial policy.
The Group monitors its operating performance in the context of targeted financial leverage
by comparing the ratio of net debt with comparable EBITDA. Net debt is defined as
borrowings adjusted for the fair value of hedging instruments and other financial assets/
liabilities related to borrowings, net of cash and cash equivalents and short-term
investments. Comparable EBITDA is calculated as EBITDA and\u00a0adjusted for items
impacting comparability.
Refer to Note 12 for the presentation of fair values for each class of financial assets
and\u00a0financial liabilities and\u00a0Note 13 for an outline of how the Group utilises derivative
financial instruments to mitigate its exposure to certain market risks associated with
its\u00a0ongoing operations.
Refer to the Strategic Report included within this Annual Report for disclosure of strategic,
commercial and operational risk relevant to the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-699": { "value": "
Note 10
Trade accounts receivable
The Group sells its products to retailers, wholesalers and other customers and extends
credit, generally without requiring collateral, based on an evaluation of the customer\u2019s
financial condition. While the Group has a concentration of credit risk in the retail sector,
this risk is mitigated due to the diverse nature of the customers the Group serves, including,
but not limited to, their type, geographic location, size and beverage channel.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to\u00a060 days and do not bear interest. The Group
applies an expected credit loss reserve methodology to assess possible impairments.
Balances are considered for impairment on an individual basis rather than by reference
to\u00a0the extent that they become overdue. The Group considers factors such as delinquency
in payment, financial difficulties, payment history of the debtor and certain forward-looking
macroeconomic indicators. The carrying amount of trade accounts receivable is reduced
through the use of an allowance account, and the amount of the loss is recognised in the
consolidated income statement. Credit insurance on a portion of the accounts receivable
balance is also carried. Refer to Note 27 for further details on credit risk management.
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
The following table summarises the trade accounts receivable outstanding in the
consolidated statement of financial position as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Trade accounts receivable, gross
2,743
2,622
Allowance for doubtful accounts
(58)
(58)
Total trade accounts receivable
2,685
2,564
The following table summarises the ageing of trade accounts receivable, net of allowance
for doubtful accounts, in\u00a0the consolidated statement of financial position as at the
dates\u00a0presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Not past due
2,465
2,409
Past due 1 \u2013 30 days
108
91
Past due 31 \u2013 60 days
20
14
Past due 61 \u2013 90 days
8
12
Past due 91 \u2013 120 days
49
9
Past due 121+ days
35
29
Total trade accounts receivables
2,685
2,564
The following table summarises the change in the allowance for doubtful accounts for the
periods presented:
Allowance for doubtful
accounts
\u20ac million
As at 31 December 2023
(54)
Provision for impairment recognised during the year
(11)
Receivables written off during the year as uncollectable
3
Reversals
4
Currency translation adjustments
\u2014
As at 31 December 2024
(58)
Provision for impairment recognised during the year
(10)
Receivables written off during the year as uncollectable
4
Reversals
7
Currency translation adjustments
(1)
As at 31 December 2025
(58)
The following table summarises the transactions with TCCC that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from TCCC
92
76
Amounts payable to TCCC
289
320
The following table summarises the transactions with Cobega that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from Cobega
7
7
Amounts payable to Cobega
20
32
The following table summarises the balances with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from associates
\u2014
6
Amounts payable to associates
13
2
Amounts payable to joint ventures
\u2014
9
Amounts payable to other related parties
19
10
Credit is extended in the form of payment terms for trade to customers of the Group,
consisting of retailers, wholesalers and other customers, generally without requiring
collateral, based on an evaluation of the customer\u2019s financial condition. While the Group
has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse
nature of the customers the Group serves, including, but not limited to, their type,
geographic location, size and beverage channel. Depending on the risk profile of certain
customers, we may also seek bank guarantees. Collections of receivables are dependent
on each individual customer\u2019s financial condition and sales adjustments granted.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to 60 days and do not bear interest. A default on a
financial asset is when\u00a0the counterparty fails to make contractual payments when they
fall\u00a0due. Exposure to\u00a0losses on receivables is monitored, and balances are adjusted for
expected credit losses. Expected credit losses are determined by: (1) evaluating the ageing
of receivables; (2)\u00a0analysing the history of adjustments; and (3) reviewing high risk
customers. Credit\u00a0insurance on a portion of the accounts receivable balance is also
carried.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-698": { "value": "
Note 10
Trade accounts receivable
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
The following table summarises the trade accounts receivable outstanding in the
consolidated statement of financial position as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Trade accounts receivable, gross
2,743
2,622
Allowance for doubtful accounts
(58)
(58)
Total trade accounts receivable
2,685
2,564
The following table summarises the change in the allowance for doubtful accounts for the
periods presented:
Allowance for doubtful
accounts
\u20ac million
As at 31 December 2023
(54)
Provision for impairment recognised during the year
(11)
Receivables written off during the year as uncollectable
3
Reversals
4
Currency translation adjustments
\u2014
As at 31 December 2024
(58)
Provision for impairment recognised during the year
(10)
Receivables written off during the year as uncollectable
4
Reversals
7
Currency translation adjustments
(1)
As at 31 December 2025
(58)
Credit is extended in the form of payment terms for trade to customers of the Group,
consisting of retailers, wholesalers and other customers, generally without requiring
collateral, based on an evaluation of the customer\u2019s financial condition. While the Group
has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse
nature of the customers the Group serves, including, but not limited to, their type,
geographic location, size and beverage channel. Depending on the risk profile of certain
customers, we may also seek bank guarantees. Collections of receivables are dependent
on each individual customer\u2019s financial condition and sales adjustments granted.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to 60 days and do not bear interest. A default on a
financial asset is when\u00a0the counterparty fails to make contractual payments when they
fall\u00a0due. Exposure to\u00a0losses on receivables is monitored, and balances are adjusted for
expected credit losses. Expected credit losses are determined by: (1) evaluating the ageing
of receivables; (2)\u00a0analysing the history of adjustments; and (3) reviewing high risk
customers. Credit\u00a0insurance on a portion of the accounts receivable balance is also
carried.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-703": { "value": "
Trade accounts receivable
The Group sells its products to retailers, wholesalers and other customers and extends
credit, generally without requiring collateral, based on an evaluation of the customer\u2019s
financial condition. While the Group has a concentration of credit risk in the retail sector,
this risk is mitigated due to the diverse nature of the customers the Group serves, including,
but not limited to, their type, geographic location, size and beverage channel.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to\u00a060 days and do not bear interest. The Group
applies an expected credit loss reserve methodology to assess possible impairments.
Balances are considered for impairment on an individual basis rather than by reference
to\u00a0the extent that they become overdue. The Group considers factors such as delinquency
in payment, financial difficulties, payment history of the debtor and certain forward-looking
macroeconomic indicators. The carrying amount of trade accounts receivable is reduced
through the use of an allowance account, and the amount of the loss is recognised in the
consolidated income statement. Credit insurance on a portion of the accounts receivable
balance is also carried. Refer to Note 27 for further details on credit risk management.
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
Note 11
Cash and cash equivalents and short-term investments
Cash and cash equivalents
Cash and cash equivalents are comprised of cash and short-term, highly liquid financial
instruments, including investments in money market funds, with maturity dates of less than
three months when acquired that are readily convertible to cash and are subject to an
insignificant risk of changes in value. Counterparties and instruments used to hold the
Group\u2019s cash and cash equivalents are continually assessed, with a focus on preservation
of capital and liquidity.
Short-term investments
Short-term investments are financial assets that are initially recognised at fair value
and\u00a0subsequently measured at amortised cost. The Group classifies its financial assets
as\u00a0measured at amortised cost only if both of the following criteria are met:
\u25a0 the asset is held within a business model whose objective is to collect the contractual
cash flows; and
\u25a0 the contractual terms give rise to cash flows that are solely payments of principal
and\u00a0interest.
The short-term investment balance is comprised of time deposits and treasury bills,
with\u00a0maturity dates of greater than three months and less than one year when acquired,
which do not meet the definition of cash and cash equivalents, and are expected to be
held until maturity. These are highly liquid investments and, due to their short-term nature,
their carrying amount is not significantly different from the fair values.
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-702": { "value": "
Trade accounts receivable
The Group sells its products to retailers, wholesalers and other customers and extends
credit, generally without requiring collateral, based on an evaluation of the customer\u2019s
financial condition. While the Group has a concentration of credit risk in the retail sector,
this risk is mitigated due to the diverse nature of the customers the Group serves, including,
but not limited to, their type, geographic location, size and beverage channel.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to\u00a060 days and do not bear interest. The Group
applies an expected credit loss reserve methodology to assess possible impairments.
Balances are considered for impairment on an individual basis rather than by reference
to\u00a0the extent that they become overdue. The Group considers factors such as delinquency
in payment, financial difficulties, payment history of the debtor and certain forward-looking
macroeconomic indicators. The carrying amount of trade accounts receivable is reduced
through the use of an allowance account, and the amount of the loss is recognised in the
consolidated income statement. Credit insurance on a portion of the accounts receivable
balance is also carried. Refer to Note 27 for further details on credit risk management.
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-701": { "value": "
Trade accounts receivable
The Group sells its products to retailers, wholesalers and other customers and extends
credit, generally without requiring collateral, based on an evaluation of the customer\u2019s
financial condition. While the Group has a concentration of credit risk in the retail sector,
this risk is mitigated due to the diverse nature of the customers the Group serves, including,
but not limited to, their type, geographic location, size and beverage channel.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to\u00a060 days and do not bear interest. The Group
applies an expected credit loss reserve methodology to assess possible impairments.
Balances are considered for impairment on an individual basis rather than by reference
to\u00a0the extent that they become overdue. The Group considers factors such as delinquency
in payment, financial difficulties, payment history of the debtor and certain forward-looking
macroeconomic indicators. The carrying amount of trade accounts receivable is reduced
through the use of an allowance account, and the amount of the loss is recognised in the
consolidated income statement. Credit insurance on a portion of the accounts receivable
balance is also carried. Refer to Note 27 for further details on credit risk management.
As a result of continued recession risk across our European territories, the Group
supplements its existing credit loss reserve methodology to include an incremental loss
allowance for those receivable balances that were deemed to be higher risk in the current
environment. The incremental allowance is included within allowance for doubtful
accounts below, as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
Cash and cash equivalents
Cash and cash equivalents are comprised of cash and short-term, highly liquid financial
instruments, including investments in money market funds, with maturity dates of less than
three months when acquired that are readily convertible to cash and are subject to an
insignificant risk of changes in value. Counterparties and instruments used to hold the
Group\u2019s cash and cash equivalents are continually assessed, with a focus on preservation
of capital and liquidity.
Short-term investments
Short-term investments are financial assets that are initially recognised at fair value
and\u00a0subsequently measured at amortised cost. The Group classifies its financial assets
as\u00a0measured at amortised cost only if both of the following criteria are met:
\u25a0 the asset is held within a business model whose objective is to collect the contractual
cash flows; and
\u25a0 the contractual terms give rise to cash flows that are solely payments of principal
and\u00a0interest.
The short-term investment balance is comprised of time deposits and treasury bills,
with\u00a0maturity dates of greater than three months and less than one year when acquired,
which do not meet the definition of cash and cash equivalents, and are expected to be
held until maturity. These are highly liquid investments and, due to their short-term nature,
their carrying amount is not significantly different from the fair values.
Hedging activities
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
Cash flow hedges
The Group uses cash flow hedges to mitigate its exposure to variability in cash flows
attributable to currency fluctuations and commodity price fluctuations associated with
certain highly probable forecasted transactions, including purchases of raw materials,
finished goods and services denominated in non-functional currencies, the receipts
of\u00a0interest as well as the payments of interest and principal on debt issuances in
non\u2011functional currencies.
Effective changes in the fair value of these cash flow hedging instruments are recognised
as a component of other reserves in the consolidated statement of changes in equity.
Any\u00a0changes in the fair value of these cash flow hedges that are the result of
ineffectiveness are recognised immediately in the line item in the consolidated income
statement that is consistent with the nature of the underlying hedged item. Historically,
the\u00a0Group has not experienced, and does not expect to experience, material hedge
ineffectiveness with the value of the hedged instrument equalling that of the hedged item.
If the hedged cash flow results in a subsequent recognition of a non-financial asset
or\u00a0liability, the gains and/or losses accumulated in equity are included in the measurement
of the cost of the asset or liability. For other cash flow hedges, the amounts deferred
in\u00a0equity are then recognised within the line item in the consolidated income statement
that is consistent with the nature of the underlying hedged item in the period that the
forecasted purchases or payments impact earnings.
Fair value hedges
The Group has designated certain cross currency swaps used to mitigate foreign currency
exchange risk and interest rate risk on foreign currency borrowings as fair value hedges.
There is an economic relationship between the hedged item and the hedging instrument,
as\u00a0the terms of the cross currency swap contracts match the terms of the fixed rate
borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship.
The Group also designates foreign currency contracts as fair value hedges to mitigate
foreign currency exchange risk.
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-704": { "value": "
Note 11
Cash and cash equivalents and short-term investments
Cash and cash equivalents
Cash and cash equivalents are comprised of cash and short-term, highly liquid financial
instruments, including investments in money market funds, with maturity dates of less than
three months when acquired that are readily convertible to cash and are subject to an
insignificant risk of changes in value. Counterparties and instruments used to hold the
Group\u2019s cash and cash equivalents are continually assessed, with a focus on preservation
of capital and liquidity.
The following table summarises the cash and cash equivalents outstanding in the
consolidated statement of financial position as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Cash at banks and on hand
529
611
Short-term deposits and securities
389
952
Total cash and cash equivalents
918
1,563
Cash and cash equivalents are held in the following currencies as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Euro
130
268
British pound
233
497
US dollar
50
51
Norwegian krone
99
57
Swedish krona
31
13
Australian dollar
202
358
Indonesian rupiah
44
123
Papua New Guinean kina
37
36
Philippine peso
20
25
Other
72
135
Total cash and cash equivalents
918
1,563
Included within cash and cash equivalents as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024
were Papua New Guinea cash assets of \u20ac37 million and \u20ac36 million, respectively,
denominated in local currency (kina). Government-imposed currency controls impact the
extent to which the cash held in Papua New Guinea can be converted into foreign currency
and remitted for use elsewhere in the Group.
As at 31\u00a0December\u00a02025, the Group\u2019s Employee Benefit Trust held no cash or cash
equivalents, whereas at 31\u00a0December\u00a02024 it held \u20ac10 million (refer to Note 17). These funds
can be solely used for the purchases of CCEP Shares to satisfy the Group\u2019s award
requirements under its current and future share-based compensation plans.
There were no other material restrictions on the Group\u2019s cash and cash equivalents.", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-706": { "value": "
Cash and cash equivalents
Cash and cash equivalents are comprised of cash and short-term, highly liquid financial
instruments, including investments in money market funds, with maturity dates of less than
three months when acquired that are readily convertible to cash and are subject to an
insignificant risk of changes in value. Counterparties and instruments used to hold the
Group\u2019s cash and cash equivalents are continually assessed, with a focus on preservation
of capital and liquidity.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-705": { "value": "
Cash and cash equivalents
Included within cash and cash equivalents as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024
were Papua New Guinea cash assets of \u20ac37 million and \u20ac36 million, respectively,
denominated in local currency (kina). Government-imposed currency controls impact the
extent to which the cash held in Papua New Guinea can be converted into foreign currency
and remitted for use elsewhere in the Group.
As at 31\u00a0December\u00a02025, the Group\u2019s Employee Benefit Trust held no cash or cash
equivalents, whereas at 31\u00a0December\u00a02024 it held \u20ac10 million (refer to Note 17). These funds
can be solely used for the purchases of CCEP Shares to satisfy the Group\u2019s award
requirements under its current and future share-based compensation plans.
There were no other material restrictions on the Group\u2019s cash and cash equivalents.", "dimensions": { "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-710": { "value": "
Note 12
Fair values
Fair value measurements
All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorised within the fair value hierarchy. This is described as one of the following, based
on\u00a0the lowest-level input that is significant to the fair value measurement as a whole:
\u25a0 Level 1 \u2013 Quoted prices in active markets for identical assets or liabilities.
\u25a0 Level 2 \u2013 Observable inputs other than quoted prices included in Level 1. The Group values
assets and liabilities included in this level using dealer and broker quotations, certain pricing
models, bid prices, quoted prices for similar assets and liabilities in active markets or other
inputs that are observable or can be corroborated by observable market data.
\u25a0 Level 3 \u2013 Unobservable inputs that are supported by little or no market activity and that are
significant to the fair value of the assets or liabilities. This includes certain pricing models,
discounted cash flow methodologies and similar techniques that use significant
unobservable inputs.
The following table provides the carrying amounts and fair values of the Group's financial assets
and liabilities, including their levels in the fair value hierarchy. It does not include fair value
information for financial assets and liabilities not measured at fair value if the carrying amount
is\u00a0a reasonable approximation of fair value.
As at 31 December 2025
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
115
115
\u2014
\u2014
115
Derivatives
Note 13
118
\u2014
118
\u2014
118
Equity investments at fair value
through other comprehensive
income
Note 26
21
\u2014
\u2014
21
21
Financial liabilities measured at
fair value
Derivatives
Note 13
246
\u2014
246
\u2014
246
Financial liabilities not measured
at fair value
Borrowings
Note 14
10,694
\u2014
10,129
\u2014
10,129
As at 31 December 2024
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
241
241
\u2014
\u2014
241
Derivatives
Note 13
200
\u2014
200
\u2014
200
Equity investments at fair
value through other
comprehensive income
Note 26
14
\u2014
\u2014
14
14
Financial liabilities measured at
fair value
Derivatives
Note 13
206
\u2014
206
\u2014
206
Financial liabilities not measured
at fair value
Borrowings
Note 14
11,331
\u2014
10,680
\u2014
10,680
(A) The amount is comprised of investments in money market funds which are classified as financial assets at fair value
through profit or loss, as these do not meet the solely payments of principle and interest (SPPI) criterion.
The fair values of the Group\u2019s cash and cash equivalents, short-term investments, trade
accounts receivable, amounts receivable from related parties, trade and other payables
and amounts payable to related parties approximate their carrying amounts due to their
short-term nature.
The fair values of the Group\u2019s borrowings are estimated based on borrowings with similar
maturities, credit quality and current market interest rates. These are categorised within Level 2
of the fair value hierarchy, as the Group uses certain pricing models and quoted prices for similar
liabilities in active markets in assessing their fair values. Refer to Note 14 for further details
regarding the Group\u2019s borrowings. The Group\u2019s derivative assets and liabilities are carried at fair
value both upon initial recognition and subsequently. The fair value is determined using a\u00a0variety
of valuation techniques, depending on the specific characteristics of the hedging instrument,
taking into account credit risk. The fair value of the Group\u2019s derivative contracts (including
forwards, options, futures, cross currency swaps and interest rate swaps) is determined using
standard valuation models. The significant inputs used in these models are readily available
in\u00a0public markets or can be derived from observable market transactions and, therefore, the
derivative contracts have been classified as Level 2. Inputs used in these standard valuation
models include the applicable spot, forward and discount rates.
The standard valuation model for\u00a0the option contracts also includes implied volatility,
which is specific to individual options and\u00a0is based on rates quoted from a widely used
third\u00a0party resource. Refer to Note 13 for further\u00a0details about the Group\u2019s derivatives.
Assets valued using Level 3 techniques include \u20ac21 million (2024: \u20ac14 million) relating
to\u00a0certain unlisted equity investments, which are immaterial both individually and in the
aggregate. Valuation techniques are specific to each investment and involve the use of
unobservable inputs. Changes in equity investments for the year ended 31 December 2025
were due to additional investments in existing investees and the acquisition of new
investments. No gains or losses have been recognised in other comprehensive income
for\u00a0the years ended 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
For the fair value measurement and categorisation of the Group\u2019s investment property
refer to Note 8.
For assets and liabilities that are recognised in the financial statements on a recurring
basis, the Group determines whether transfers have occurred between levels in the
hierarchy by reassessing categorisation at the end of each reporting period. There have
been no transfers between levels during the periods presented.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-709": { "value": "
Note 12
Fair values
Fair value measurements
All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorised within the fair value hierarchy. This is described as one of the following, based
on\u00a0the lowest-level input that is significant to the fair value measurement as a whole:
\u25a0 Level 1 \u2013 Quoted prices in active markets for identical assets or liabilities.
\u25a0 Level 2 \u2013 Observable inputs other than quoted prices included in Level 1. The Group values
assets and liabilities included in this level using dealer and broker quotations, certain pricing
models, bid prices, quoted prices for similar assets and liabilities in active markets or other
inputs that are observable or can be corroborated by observable market data.
\u25a0 Level 3 \u2013 Unobservable inputs that are supported by little or no market activity and that are
significant to the fair value of the assets or liabilities. This includes certain pricing models,
discounted cash flow methodologies and similar techniques that use significant
unobservable inputs.
The following table provides the carrying amounts and fair values of the Group's financial assets
and liabilities, including their levels in the fair value hierarchy. It does not include fair value
information for financial assets and liabilities not measured at fair value if the carrying amount
is\u00a0a reasonable approximation of fair value.
As at 31 December 2025
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
115
115
\u2014
\u2014
115
Derivatives
Note 13
118
\u2014
118
\u2014
118
Equity investments at fair value
through other comprehensive
income
Note 26
21
\u2014
\u2014
21
21
Financial liabilities measured at
fair value
Derivatives
Note 13
246
\u2014
246
\u2014
246
Financial liabilities not measured
at fair value
Borrowings
Note 14
10,694
\u2014
10,129
\u2014
10,129
As at 31 December 2024
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
241
241
\u2014
\u2014
241
Derivatives
Note 13
200
\u2014
200
\u2014
200
Equity investments at fair
value through other
comprehensive income
Note 26
14
\u2014
\u2014
14
14
Financial liabilities measured at
fair value
Derivatives
Note 13
206
\u2014
206
\u2014
206
Financial liabilities not measured
at fair value
Borrowings
Note 14
11,331
\u2014
10,680
\u2014
10,680
(A) The amount is comprised of investments in money market funds which are classified as financial assets at fair value
through profit or loss, as these do not meet the solely payments of principle and interest (SPPI) criterion.
The fair values of the Group\u2019s cash and cash equivalents, short-term investments, trade
accounts receivable, amounts receivable from related parties, trade and other payables
and amounts payable to related parties approximate their carrying amounts due to their
short-term nature.
The fair values of the Group\u2019s borrowings are estimated based on borrowings with similar
maturities, credit quality and current market interest rates. These are categorised within Level 2
of the fair value hierarchy, as the Group uses certain pricing models and quoted prices for similar
liabilities in active markets in assessing their fair values. Refer to Note 14 for further details
regarding the Group\u2019s borrowings. The Group\u2019s derivative assets and liabilities are carried at fair
value both upon initial recognition and subsequently. The fair value is determined using a\u00a0variety
of valuation techniques, depending on the specific characteristics of the hedging instrument,
taking into account credit risk. The fair value of the Group\u2019s derivative contracts (including
forwards, options, futures, cross currency swaps and interest rate swaps) is determined using
standard valuation models. The significant inputs used in these models are readily available
in\u00a0public markets or can be derived from observable market transactions and, therefore, the
derivative contracts have been classified as Level 2. Inputs used in these standard valuation
models include the applicable spot, forward and discount rates.
The standard valuation model for\u00a0the option contracts also includes implied volatility,
which is specific to individual options and\u00a0is based on rates quoted from a widely used
third\u00a0party resource. Refer to Note 13 for further\u00a0details about the Group\u2019s derivatives.
Assets valued using Level 3 techniques include \u20ac21 million (2024: \u20ac14 million) relating
to\u00a0certain unlisted equity investments, which are immaterial both individually and in the
aggregate. Valuation techniques are specific to each investment and involve the use of
unobservable inputs. Changes in equity investments for the year ended 31 December 2025
were due to additional investments in existing investees and the acquisition of new
investments. No gains or losses have been recognised in other comprehensive income
for\u00a0the years ended 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
For the fair value measurement and categorisation of the Group\u2019s investment property
refer to Note 8.
For assets and liabilities that are recognised in the financial statements on a recurring
basis, the Group determines whether transfers have occurred between levels in the
hierarchy by reassessing categorisation at the end of each reporting period. There have
been no transfers between levels during the periods presented.
Note 13
Hedging activities
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
The following table summarises the fair value of the assets and liabilities related
to\u00a0derivative financial instruments and the respective line items in which they were
recorded in the consolidated statement of financial position as at the dates presented.
All\u00a0derivative instruments are classified as Level 2 within the fair value hierarchy.
Discussion of the Group\u2019s other financial assets and liabilities is contained elsewhere
in\u00a0these financial statements. Refer to Note 10 for trade accounts receivable, Note 15
for\u00a0trade and other payables, Note 14 for borrowings and Note 20 for amounts receivable
and payable with related parties.
Hedging instrument
Location \u2013 statement of\u00a0financial\u00a0position
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Assets:
Derivative financial assets:
Commodity contracts
Non-current derivative
assets
9
9
Foreign currency contracts
Non-current derivative
assets
1
9
Interest rate and cross
currency swaps
Non-current derivative
assets
24
80
Commodity contracts
Current derivative assets
59
52
Foreign currency contracts
Current derivative assets
10
50
Other derivative instruments
Current derivative assets
15
\u2014
Total assets
118
200
Liabilities:
Derivative financial liabilities:
Commodity contracts
Non-current derivative
liabilities
42
46
Foreign currency contracts
Non-current derivative
liabilities
5
\u2014
Interest rate and cross
currency swaps
Non-current derivative
liabilities
100
115
Commodity contracts
Current derivative liabilities
72
37
Foreign currency contracts
Current derivative liabilities
27
8
Total liabilities
246
206
Cash flow hedges
The Group uses cash flow hedges to mitigate its exposure to variability in cash flows
attributable to currency fluctuations and commodity price fluctuations associated with
certain highly probable forecasted transactions, including purchases of raw materials,
finished goods and services denominated in non-functional currencies, the receipts
of\u00a0interest as well as the payments of interest and principal on debt issuances in
non\u2011functional currencies.
Effective changes in the fair value of these cash flow hedging instruments are recognised
as a component of other reserves in the consolidated statement of changes in equity.
Any\u00a0changes in the fair value of these cash flow hedges that are the result of
ineffectiveness are recognised immediately in the line item in the consolidated income
statement that is consistent with the nature of the underlying hedged item. Historically,
the\u00a0Group has not experienced, and does not expect to experience, material hedge
ineffectiveness with the value of the hedged instrument equalling that of the hedged item.
If the hedged cash flow results in a subsequent recognition of a non-financial asset
or\u00a0liability, the gains and/or losses accumulated in equity are included in the measurement
of the cost of the asset or liability. For other cash flow hedges, the amounts deferred
in\u00a0equity are then recognised within the line item in the consolidated income statement
that is consistent with the nature of the underlying hedged item in the period that the
forecasted purchases or payments impact earnings.
The following table summarises the Group\u2019s outstanding cash flow hedges by risk category
as at the dates presented (all contracts denominated in a foreign currency have been
converted into euro using the respective year end spot rate):
Notional maturity profile
Total
Less than
1\u00a0year
1 to 3 years
3 to 5 years
Over 5 years
Cash flow hedges
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Deal contingent foreign currency
forwards
636
636
\u2014
\u2014
\u2014
Foreign currency contracts
1,105
980
125
\u2014
\u2014
Interest rate and cross currency
swaps
1,306
602
\u2014
520
184
Commodity contracts
1,441
829
588
9
15
As at 31 December 2023
4,488
3,047
713
529
199
Foreign currency contracts
1,460
1,196
264
\u2014
\u2014
Interest rate and cross currency
swaps
696
\u2014
416
101
179
Commodity contracts
1,662
889
635
121
17
As at 31 December 2024
3,818
2,085
1,315
222
196
Foreign currency contracts
1,240
937
303
\u2014
\u2014
Interest rate and cross currency
swaps
683
\u2014
512
114
57
Commodity contracts
1,131
749
366
8
8
As at 31 December 2025
3,054
1,686
1,181
122
65
The net notional amount of outstanding interest rate and cross currency swaps used to
hedge interest rate risk and currency fluctuations of non-functional currency borrowings
was \u20ac0.7 billion as at 31\u00a0December\u00a02025, \u20ac0.7 billion as at\u00a031\u00a0December\u00a02024 and \u20ac1.3 billion
as at 31\u00a0December\u00a02023. The net notional amount of the other outstanding foreign
currency cash flow hedges was \u20ac1.2 billion as at 31\u00a0December\u00a02025, \u20ac1.5 billion as at
31\u00a0December\u00a02024 and \u20ac1.1 billion as at 31\u00a0December\u00a02023. The net notional amount of
outstanding commodity-related cash flow hedges was \u20ac1.1 billion as at 31\u00a0December\u00a02025,
\u20ac1.7 billion as at 31\u00a0December\u00a02024 and \u20ac1.4 billion as at 31\u00a0December\u00a02023.
Outstanding cash flow hedges as at 31\u00a0December\u00a02025 are expected to be settled
between 2026\u00a0and 2036.
The following table provides a reconciliation by risk category of the net of tax impacts on
the cash flow hedge reserve disclosed in Note 17, resulting from cash flow hedge accounting:
Foreign
currency
contracts
Commodity
contracts
Interest rate
and cross
currency
swaps
Total
Cash flow hedges
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
20
79
5
104
Net fair value gains/(losses) recognised in OCI
(26)
67
(3)
38
Net (gains) reclassified from OCI to income
statement
(1)
(17)
(10)
(28)
Net (gains)/losses transferred to cost of
inventories
11
(94)
\u2014
(83)
As at 31 December 2023
4
35
(8)
31
Net fair value gains/(losses) recognised in OCI
41
(27)
8
22
Net (gains) reclassified from OCI to income
statement
\u2014
(6)
(4)
(10)
Net (gains)/losses transferred to cost of
inventories
5
(18)
\u2014
(13)
Net losses transferred to goodwill\u00a0in connection
with the Acquisition
2
\u2014
\u2014
2
As at 31 December 2024
52
(16)
(4)
32
Net fair value gains/(losses) recognised in OCI
(56)
(18)
13
(61)
Net (gains)/losses reclassified from OCI to
income statement
1
1
(3)
(1)
Net losses transferred to cost of inventories
8
1
\u2014
9
As at 31 December 2025
5
(32)
6
(21)
The following table summarises the net of tax effect of the cash flow hedges in the
consolidated income statement for the periods presented:
Cash flow hedging instruments
Location \u2013 Income statement
Amount of gain/(loss) reclassified
from the cash flow hedge reserve into profit
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts
Cost of sales
\u2014
\u2014
1
Foreign currency
contracts
Selling and
distribution expenses
(1)
\u2014
\u2014
Commodity contracts
Selling and
distribution expenses
(1)
6
17
Interest rate and cross
currency swaps
Finance costs
3
4
10
Total
1
10
28
Ineffectiveness associated with these cash flow hedges was not material during any year
presented within these financial statements.
Fair value hedges
The Group has designated certain cross currency swaps used to mitigate foreign currency
exchange risk and interest rate risk on foreign currency borrowings as fair value hedges.
There is an economic relationship between the hedged item and the hedging instrument,
as\u00a0the terms of the cross currency swap contracts match the terms of the fixed rate
borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship.
The Group also designates foreign currency contracts as fair value hedges to mitigate
foreign currency exchange risk.
The following table summarises the Group\u2019s outstanding fair value hedges by risk category
as at the dates presented (all contracts denominated in a foreign currency have been
converted into euro using the respective year end spot rate):
Less than
1\u00a0year
1 to 3 years
3 to 5 years
Over 5\u00a0years
Fair value hedges
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross currency swaps
1,159
\u2014
275
450
434
As at 31 December 2023
1,159
\u2014
275
450
434
Interest rate and cross currency swaps
1,154
\u2014
500
225
429
Foreign currency contracts
13
13
\u2014
\u2014
\u2014
As at 31 December 2024
1,167
13
500
225
429
Interest rate and cross currency swaps
972
100
450
150
272
Foreign currency contracts
10
10
\u2014
\u2014
\u2014
As at 31 December 2025
982
110
450
150
272
The net notional amount of outstanding interest rate and cross currency swaps designated
in a fair value hedge relationship with borrowings was \u20ac972 million as at 31\u00a0December\u00a02025,
\u20ac1,154 million as at\u00a031\u00a0December\u00a02024 and \u20ac1,159 million as at 31\u00a0December\u00a02023.
The following table summarises the gains/(losses) recognised from the settlement of fair value
hedges within the consolidated income statement for the periods presented:
Fair value hedges
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross
currency swaps
Finance costs
(24)
(36)
(30)
Total
(24)
(36)
(30)
The carrying value of the hedged item recognised within borrowings as at
31\u00a0December\u00a02025 was\u00a0\u20ac891 million (31\u00a0December\u00a02024: \u20ac1,076 million), and included
accumulated fair value hedging adjustments of \u20ac33 million reducing borrowings
(31\u00a0December\u00a02024: \u20ac74 million reduction in borrowings).
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
There were no outstanding non-designated foreign currency hedges related to\u00a0hedging
foreign currency exposure on intercompany loans as at 31\u00a0December\u00a02025. There were
\u20ac206 million outstanding non-designated hedges as at 31\u00a0December\u00a02024.
There were \u20ac24 million of outstanding non-designated commodity hedges entered into
as\u00a0part of a power purchase agreement as at 31\u00a0December\u00a02025 (31\u00a0December\u00a02024:
\u20ac33 million). This agreement expires in 2035.
The following table summarises the gains/(losses) recognised from non-designated derivative
financial instruments in the consolidated income statement for the years presented:
Non-designated hedging
instruments
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts (A)
Non-operating items
3
2
(5)
Commodity
contracts
Non-operating items
(10)
4
\u2014
Total
(7)
6
(5)
(A) The gain/(loss) recognised on these currency contracts is offset by the gain/(loss) recognised on the remeasurement
of the underlying hedged items; therefore, there is a minimal consolidated net effect in non-operating items on the
consolidated income statement.
Net investment hedges
The Group had no net investment hedges in place as at 31\u00a0December\u00a02025 or
31\u00a0December\u00a02024. However, it continues to monitor its exposure to currency exchange
rates and may enter into future net investment hedges as\u00a0a result of volatility in the
functional currencies of certain of its subsidiaries.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-708": { "value": "
Note 12
Fair values
Fair value measurements
All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorised within the fair value hierarchy. This is described as one of the following, based
on\u00a0the lowest-level input that is significant to the fair value measurement as a whole:
\u25a0 Level 1 \u2013 Quoted prices in active markets for identical assets or liabilities.
\u25a0 Level 2 \u2013 Observable inputs other than quoted prices included in Level 1. The Group values
assets and liabilities included in this level using dealer and broker quotations, certain pricing
models, bid prices, quoted prices for similar assets and liabilities in active markets or other
inputs that are observable or can be corroborated by observable market data.
\u25a0 Level 3 \u2013 Unobservable inputs that are supported by little or no market activity and that are
significant to the fair value of the assets or liabilities. This includes certain pricing models,
discounted cash flow methodologies and similar techniques that use significant
unobservable inputs.
The following table provides the carrying amounts and fair values of the Group's financial assets
and liabilities, including their levels in the fair value hierarchy. It does not include fair value
information for financial assets and liabilities not measured at fair value if the carrying amount
is\u00a0a reasonable approximation of fair value.
As at 31 December 2025
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
115
115
\u2014
\u2014
115
Derivatives
Note 13
118
\u2014
118
\u2014
118
Equity investments at fair value
through other comprehensive
income
Note 26
21
\u2014
\u2014
21
21
Financial liabilities measured at
fair value
Derivatives
Note 13
246
\u2014
246
\u2014
246
Financial liabilities not measured
at fair value
Borrowings
Note 14
10,694
\u2014
10,129
\u2014
10,129
As at 31 December 2024
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
241
241
\u2014
\u2014
241
Derivatives
Note 13
200
\u2014
200
\u2014
200
Equity investments at fair
value through other
comprehensive income
Note 26
14
\u2014
\u2014
14
14
Financial liabilities measured at
fair value
Derivatives
Note 13
206
\u2014
206
\u2014
206
Financial liabilities not measured
at fair value
Borrowings
Note 14
11,331
\u2014
10,680
\u2014
10,680
(A) The amount is comprised of investments in money market funds which are classified as financial assets at fair value
through profit or loss, as these do not meet the solely payments of principle and interest (SPPI) criterion.
The fair values of the Group\u2019s cash and cash equivalents, short-term investments, trade
accounts receivable, amounts receivable from related parties, trade and other payables
and amounts payable to related parties approximate their carrying amounts due to their
short-term nature.
The fair values of the Group\u2019s borrowings are estimated based on borrowings with similar
maturities, credit quality and current market interest rates. These are categorised within Level 2
of the fair value hierarchy, as the Group uses certain pricing models and quoted prices for similar
liabilities in active markets in assessing their fair values. Refer to Note 14 for further details
regarding the Group\u2019s borrowings. The Group\u2019s derivative assets and liabilities are carried at fair
value both upon initial recognition and subsequently. The fair value is determined using a\u00a0variety
of valuation techniques, depending on the specific characteristics of the hedging instrument,
taking into account credit risk. The fair value of the Group\u2019s derivative contracts (including
forwards, options, futures, cross currency swaps and interest rate swaps) is determined using
standard valuation models. The significant inputs used in these models are readily available
in\u00a0public markets or can be derived from observable market transactions and, therefore, the
derivative contracts have been classified as Level 2. Inputs used in these standard valuation
models include the applicable spot, forward and discount rates.
The standard valuation model for\u00a0the option contracts also includes implied volatility,
which is specific to individual options and\u00a0is based on rates quoted from a widely used
third\u00a0party resource. Refer to Note 13 for further\u00a0details about the Group\u2019s derivatives.
Assets valued using Level 3 techniques include \u20ac21 million (2024: \u20ac14 million) relating
to\u00a0certain unlisted equity investments, which are immaterial both individually and in the
aggregate. Valuation techniques are specific to each investment and involve the use of
unobservable inputs. Changes in equity investments for the year ended 31 December 2025
were due to additional investments in existing investees and the acquisition of new
investments. No gains or losses have been recognised in other comprehensive income
for\u00a0the years ended 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
For the fair value measurement and categorisation of the Group\u2019s investment property
refer to Note 8.
For assets and liabilities that are recognised in the financial statements on a recurring
basis, the Group determines whether transfers have occurred between levels in the
hierarchy by reassessing categorisation at the end of each reporting period. There have
been no transfers between levels during the periods presented.
Note 14
Borrowings and leases
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
Borrowings outstanding
The following table summarises the carrying value of the Group\u2019s borrowings as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Non-current:
Euro denominated bonds:
\u20ac250 million 2.750% Notes 2026 (A)
\u2014
247
\u20ac600 million 1.750% Notes 2026 (A), (G)
\u2014
593
\u20ac300 million Floating rate Notes 2027(B)
299
\u2014
\u20ac400 million 1.50% Notes 2027 (A)
391
387
\u20ac250\u00a0million 1.50% Notes 2027
253
256
\u20ac500 million 1.750% Notes 2028 (A)
488
484
\u20ac750 million 0.20% Notes 2028
747
746
\u20ac500 million 1.125% Notes 2029
497
497
\u20ac500 million 1.875% Notes 2030 (A)
488
485
\u20ac700 million 3.875% Notes 2030
696
695
\u20ac500 million 3.125% Notes 2031(B)
496
\u2014
\u20ac500 million 0.70% Notes 2031 (A)
485
485
\u20ac700 million 0.50% Notes 2029
697
696
\u20ac600 million 3.250% Notes 2032
595
594
\u20ac500 million 3.125% Notes 2032(C)
495
\u2014
\u20ac1 billion 0.875% Notes 2033
993
992
\u20ac750\u00a0million 1.50% Notes 2041
747
746
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Foreign currency bonds (swapped\u00a0into\u00a0euro) (D):
US$500\u00a0million 1.50% Notes 2027
425
478
Australian dollar denominated bonds:
A$30 million 4.125% Notes 2026
\u2014
18
A$50 million 4.155% Notes 2028
30
32
A$133 million 2.45% Notes 2029
76
80
A$50 million 4.20% Notes 2031
31
33
A$187 million 4.20% Notes 2031
116
123
A$13 million 4.20% Notes 2031
8
9
Foreign currency bonds (swapped into Australian dollar)(D):
NOK1 billion 3.040% Notes 2028
86
87
NOK750 million 2.750% Notes 2030
64
65
US$50 million 2.6525% Notes 2030
43
48
JPY10 billion 4.150% Notes 2036 (A)
55
67
JPY12.3 billion 1.060% Notes 2037 (A)
53
63
PHP Term loan due 2034
338
387
Lease obligations
532
547
Total non-current borrowings
10,224
9,940
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Current:
Euro denominated bonds:
\u20ac250 million 2.750% Notes 2026(A)
250
\u2014
\u20ac800 million 0.00% Notes 2025 (E)
\u2014
799
\u20ac350 million 2.375% Notes 2025 (F)
\u2014
351
Australian dollar denominated bonds:
A$30 million 4.125% Notes 2026
17
\u2014
A$30 million 4.166% Notes 2025 (H)
\u2014
19
A$20 million 4.250% Notes 2025 (I)
\u2014
12
Philippine peso denominated loans:
PHP2 billion 4.70% Loan 2026(J)
29
\u2014
PHP500 million 4.350% Loan 2026(J)
7
\u2014
PHP3.5 billion 6.00% Loan 2025 (K)
\u2014
16
PHP2 billion 5.750% Loan 2025 (L)
\u2014
33
Lease obligations
167
161
Total current borrowings
470
1,391
(A) Some bonds are designated in full or partially in a fair value hedge relationship.
(B) In June 2025, the Group issued \u20ac300 million Floating rate Notes due 2027 and \u20ac500 million 3.125%
Notes\u00a0due 2031.
(C) In September 2025, the Group issued \u20ac500 million 3.125% Notes due 2032.
(D) Cross currency swaps are used by the Group to swap foreign currency bonds into the required local
currency.
(E) In September 2025, the Group repaid on maturity the outstanding amount related to the \u20ac800 million
0.00% Notes.
(F) In May 2025, the Group repaid on maturity the outstanding amount related to the \u20ac350 million
2.375%\u00a0Notes.
(G) In December 2025, the Group repaid prior to maturity the outstanding amount related to the \u20ac600 million
1.75% Notes due in March 2026.
(H) In September 2025, the Group repaid on maturity the outstanding amount related to the A$30 million
4.166% Notes.
(I) In December 2025, the Group repaid on maturity the outstanding amount related to the A$20 million
4.250% Notes.
(J) In December 2025, the Group issued PHP2 billion 4.70% Loan and PHP500 million 4.350% Loan, both
maturing in\u00a02026.
(K) In February 2025, the Group repaid on maturity the outstanding amount related to the PHP3.5 billion
6.00%\u00a0Loan.
(L) In December 2025, the Group repaid on maturity the outstanding amount related to the PHP2 billion
5.750%\u00a0Loan 2025.
Borrowings are stated net of unamortised financing fees of \u20ac29 million and \u20ac29 million,
as\u00a0at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively.
Interest expense recognised on lease liabilities totalled \u20ac23 million, \u20ac21 million and \u20ac17 million
in\u00a02025, 2024 and 2023, respectively.
Credit facilities
During 2025, the amount available under the Group\u2019s multi currency credit facility was
\u20ac1.80\u00a0billion. This amount is available for borrowing with a syndicate of\u00a012\u00a0banks. This credit
facility matures in 2030 and is for general corporate purposes and supporting the Group\u2019s
working capital needs. Based on information currently available, there is no indication
that\u00a0the financial institutions participating in this facility would be unable to fulfil their
commitments to the Group as at the date of these consolidated financial statements.
The\u00a0Group\u2019s current credit facility contains no financial covenants that would impact its
liquidity or access to capital. As at 31\u00a0December\u00a02025 the Group had no amounts drawn
under this credit facility.
Changes in liabilities arising from financing activities
The following table provides a reconciliation of movements of liabilities to cash flows
arising from financing activities:
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
1,336
10,571
74
(83)
4
11,902
Changes from financing cash flows
Proceeds from third party
borrowings, net
\u2014
694
\u2014
\u2014
\u2014
694
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,159)
\u2014
\u2014
\u2014
\u2014
(1,159)
Payment of principal on lease
obligations
(148)
\u2014
\u2014
\u2014
\u2014
(148)
Interest paid
(17)
\u2014
(165)
\u2014
\u2014
(182)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(841)
(841)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
69
\u2014
69
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
\u2014
5
\u2014
\u2014
\u2014
5
Lease additions and other
non-cash movements
93
98
164
\u2014
844
1,199
Movement as a result of fair
value hedges
\u2014
40
\u2014
\u2014
\u2014
40
Changes in fair values
\u2014
\u2014
\u2014
25
\u2014
25
Currency translations
(40)
(77)
\u2014
17
(2)
(102)
Reclassifications
1,235
(1,235)
\u2014
\u2014
\u2014
\u2014
Total changes
(36)
(475)
(1)
111
1
(400)
As at 31 December 2023
1,300
10,096
73
28
5
11,502
Changes from financing cash flows
Acquisition of CCBPI
63
6
\u2014
\u2014
\u2014
69
Proceeds from third party
borrowings, net
32
976
\u2014
\u2014
\u2014
1,008
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,207)
\u2014
\u2014
\u2014
\u2014
(1,207)
Payment of principal on lease
obligations
(157)
\u2014
\u2014
\u2014
\u2014
(157)
Interest paid
(21)
\u2014
(228)
\u2014
\u2014
(249)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Dividends paid
\u2014
\u2014
\u2014
\u2014
(910)
(910)
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
66
\u2014
66
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
7
\u2014
\u2014
\u2014
6
Lease additions and other
non-cash movements
53
135
243
\u2014
911
1,342
Movement as a result of fair
value hedges
\u2014
29
\u2014
\u2014
\u2014
29
Changes in fair values
\u2014
\u2014
\u2014
(59)
\u2014
(59)
Currency translations
33
(13)
\u2014
\u2014
\u2014
20
Reclassifications
1,296
(1,296)
\u2014
\u2014
\u2014
\u2014
Total changes
91
(156)
15
7
1
(42)
As at 31 December 2024
1,391
9,940
88
35
6
11,460
Changes from financing cash flows
Proceeds from third party
borrowings, net
39
1,288
\u2014
\u2014
\u2014
1,327
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,824)
\u2014
\u2014
\u2014
\u2014
(1,824)
Payment of principal on lease
obligations
(162)
\u2014
\u2014
\u2014
\u2014
(162)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest paid
(23)
\u2014
(213)
\u2014
\u2014
(236)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(927)
(927)
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
8
\u2014
\u2014
\u2014
7
Lease additions and other
non-cash movements
54
139
221
\u2014
926
1,340
Movement as a result of fair
value hedges
7
(4)
\u2014
\u2014
\u2014
3
Changes in fair values
\u2014
\u2014
\u2014
41
\u2014
41
Currency translations
13
(171)
\u2014
\u2014
\u2014
(158)
Reclassifications
976
(976)
\u2014
\u2014
\u2014
\u2014
Total changes
(921)
284
8
41
(1)
(589)
As at 31 December 2025
470
10,224
96
76
5
10,871
(A) In 2025, changes in short-term borrowings include \u20ac7,658 million of newly issued and \u20ac7,658 million
of\u00a0repaid euro commercial paper. In 2024, changes in short-term borrowings included \u20ac10,074 million
and\u00a0\u20ac10,074 million of newly issued and repaid euro commercial paper, respectively. In 2023, changes
in\u00a0short\u2011term borrowings included \u20ac6,810 million and \u20ac6,810 million of newly issued and repaid euro
commercial paper, respectively.
(B) Interest payable and dividends payable balances are presented within the Trade and other payables
line\u00a0item in the Group\u2019s consolidated statement of financial position.
(C) Interest rate and cross currency swaps are used to hedge interest rate risk and currency fluctuations of
non\u2011functional currency borrowings, refer to Note 13.
Total cash outflows for leases were \u20ac185 million, \u20ac178 million and \u20ac165\u00a0million for the years
ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-707": { "value": "
Note 12
Fair values
Fair value measurements
All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorised within the fair value hierarchy. This is described as one of the following, based
on\u00a0the lowest-level input that is significant to the fair value measurement as a whole:
\u25a0 Level 1 \u2013 Quoted prices in active markets for identical assets or liabilities.
\u25a0 Level 2 \u2013 Observable inputs other than quoted prices included in Level 1. The Group values
assets and liabilities included in this level using dealer and broker quotations, certain pricing
models, bid prices, quoted prices for similar assets and liabilities in active markets or other
inputs that are observable or can be corroborated by observable market data.
\u25a0 Level 3 \u2013 Unobservable inputs that are supported by little or no market activity and that are
significant to the fair value of the assets or liabilities. This includes certain pricing models,
discounted cash flow methodologies and similar techniques that use significant
unobservable inputs.
The following table provides the carrying amounts and fair values of the Group's financial assets
and liabilities, including their levels in the fair value hierarchy. It does not include fair value
information for financial assets and liabilities not measured at fair value if the carrying amount
is\u00a0a reasonable approximation of fair value.
As at 31 December 2025
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
115
115
\u2014
\u2014
115
Derivatives
Note 13
118
\u2014
118
\u2014
118
Equity investments at fair value
through other comprehensive
income
Note 26
21
\u2014
\u2014
21
21
Financial liabilities measured at
fair value
Derivatives
Note 13
246
\u2014
246
\u2014
246
Financial liabilities not measured
at fair value
Borrowings
Note 14
10,694
\u2014
10,129
\u2014
10,129
As at 31 December 2024
Carrying
amount
Level 1
Level 2
Level 3
Total fair
value
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Financial assets measured at fair
value
Cash and cash equivalents (A)
241
241
\u2014
\u2014
241
Derivatives
Note 13
200
\u2014
200
\u2014
200
Equity investments at fair
value through other
comprehensive income
Note 26
14
\u2014
\u2014
14
14
Financial liabilities measured at
fair value
Derivatives
Note 13
206
\u2014
206
\u2014
206
Financial liabilities not measured
at fair value
Borrowings
Note 14
11,331
\u2014
10,680
\u2014
10,680
(A) The amount is comprised of investments in money market funds which are classified as financial assets at fair value
through profit or loss, as these do not meet the solely payments of principle and interest (SPPI) criterion.
The fair values of the Group\u2019s cash and cash equivalents, short-term investments, trade
accounts receivable, amounts receivable from related parties, trade and other payables
and amounts payable to related parties approximate their carrying amounts due to their
short-term nature.
The fair values of the Group\u2019s borrowings are estimated based on borrowings with similar
maturities, credit quality and current market interest rates. These are categorised within Level 2
of the fair value hierarchy, as the Group uses certain pricing models and quoted prices for similar
liabilities in active markets in assessing their fair values. Refer to Note 14 for further details
regarding the Group\u2019s borrowings. The Group\u2019s derivative assets and liabilities are carried at fair
value both upon initial recognition and subsequently. The fair value is determined using a\u00a0variety
of valuation techniques, depending on the specific characteristics of the hedging instrument,
taking into account credit risk. The fair value of the Group\u2019s derivative contracts (including
forwards, options, futures, cross currency swaps and interest rate swaps) is determined using
standard valuation models. The significant inputs used in these models are readily available
in\u00a0public markets or can be derived from observable market transactions and, therefore, the
derivative contracts have been classified as Level 2. Inputs used in these standard valuation
models include the applicable spot, forward and discount rates.
The standard valuation model for\u00a0the option contracts also includes implied volatility,
which is specific to individual options and\u00a0is based on rates quoted from a widely used
third\u00a0party resource. Refer to Note 13 for further\u00a0details about the Group\u2019s derivatives.
Assets valued using Level 3 techniques include \u20ac21 million (2024: \u20ac14 million) relating
to\u00a0certain unlisted equity investments, which are immaterial both individually and in the
aggregate. Valuation techniques are specific to each investment and involve the use of
unobservable inputs. Changes in equity investments for the year ended 31 December 2025
were due to additional investments in existing investees and the acquisition of new
investments. No gains or losses have been recognised in other comprehensive income
for\u00a0the years ended 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024.
For the fair value measurement and categorisation of the Group\u2019s investment property
refer to Note 8.
For assets and liabilities that are recognised in the financial statements on a recurring
basis, the Group determines whether transfers have occurred between levels in the
hierarchy by reassessing categorisation at the end of each reporting period. There have
been no transfers between levels during the periods presented.
The following table summarises the fair value of the assets and liabilities related
to\u00a0derivative financial instruments and the respective line items in which they were
recorded in the consolidated statement of financial position as at the dates presented.
All\u00a0derivative instruments are classified as Level 2 within the fair value hierarchy.
Discussion of the Group\u2019s other financial assets and liabilities is contained elsewhere
in\u00a0these financial statements. Refer to Note 10 for trade accounts receivable, Note 15
for\u00a0trade and other payables, Note 14 for borrowings and Note 20 for amounts receivable
and payable with related parties.
Hedging instrument
Location \u2013 statement of\u00a0financial\u00a0position
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Assets:
Derivative financial assets:
Commodity contracts
Non-current derivative
assets
9
9
Foreign currency contracts
Non-current derivative
assets
1
9
Interest rate and cross
currency swaps
Non-current derivative
assets
24
80
Commodity contracts
Current derivative assets
59
52
Foreign currency contracts
Current derivative assets
10
50
Other derivative instruments
Current derivative assets
15
\u2014
Total assets
118
200
Liabilities:
Derivative financial liabilities:
Commodity contracts
Non-current derivative
liabilities
42
46
Foreign currency contracts
Non-current derivative
liabilities
5
\u2014
Interest rate and cross
currency swaps
Non-current derivative
liabilities
100
115
Commodity contracts
Current derivative liabilities
72
37
Foreign currency contracts
Current derivative liabilities
27
8
Total liabilities
246
206
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-711": { "value": "
Fair value measurements
All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorised within the fair value hierarchy. This is described as one of the following, based
on\u00a0the lowest-level input that is significant to the fair value measurement as a whole:
\u25a0 Level 1 \u2013 Quoted prices in active markets for identical assets or liabilities.
\u25a0 Level 2 \u2013 Observable inputs other than quoted prices included in Level 1. The Group values
assets and liabilities included in this level using dealer and broker quotations, certain pricing
models, bid prices, quoted prices for similar assets and liabilities in active markets or other
inputs that are observable or can be corroborated by observable market data.
\u25a0 Level 3 \u2013 Unobservable inputs that are supported by little or no market activity and that are
significant to the fair value of the assets or liabilities. This includes certain pricing models,
discounted cash flow methodologies and similar techniques that use significant
unobservable inputs.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-715": { "value": "
Note 13
Hedging activities
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
The following table summarises the fair value of the assets and liabilities related
to\u00a0derivative financial instruments and the respective line items in which they were
recorded in the consolidated statement of financial position as at the dates presented.
All\u00a0derivative instruments are classified as Level 2 within the fair value hierarchy.
Discussion of the Group\u2019s other financial assets and liabilities is contained elsewhere
in\u00a0these financial statements. Refer to Note 10 for trade accounts receivable, Note 15
for\u00a0trade and other payables, Note 14 for borrowings and Note 20 for amounts receivable
and payable with related parties.
Hedging instrument
Location \u2013 statement of\u00a0financial\u00a0position
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Assets:
Derivative financial assets:
Commodity contracts
Non-current derivative
assets
9
9
Foreign currency contracts
Non-current derivative
assets
1
9
Interest rate and cross
currency swaps
Non-current derivative
assets
24
80
Commodity contracts
Current derivative assets
59
52
Foreign currency contracts
Current derivative assets
10
50
Other derivative instruments
Current derivative assets
15
\u2014
Total assets
118
200
Liabilities:
Derivative financial liabilities:
Commodity contracts
Non-current derivative
liabilities
42
46
Foreign currency contracts
Non-current derivative
liabilities
5
\u2014
Interest rate and cross
currency swaps
Non-current derivative
liabilities
100
115
Commodity contracts
Current derivative liabilities
72
37
Foreign currency contracts
Current derivative liabilities
27
8
Total liabilities
246
206
Cash flow hedges
The Group uses cash flow hedges to mitigate its exposure to variability in cash flows
attributable to currency fluctuations and commodity price fluctuations associated with
certain highly probable forecasted transactions, including purchases of raw materials,
finished goods and services denominated in non-functional currencies, the receipts
of\u00a0interest as well as the payments of interest and principal on debt issuances in
non\u2011functional currencies.
Effective changes in the fair value of these cash flow hedging instruments are recognised
as a component of other reserves in the consolidated statement of changes in equity.
Any\u00a0changes in the fair value of these cash flow hedges that are the result of
ineffectiveness are recognised immediately in the line item in the consolidated income
statement that is consistent with the nature of the underlying hedged item. Historically,
the\u00a0Group has not experienced, and does not expect to experience, material hedge
ineffectiveness with the value of the hedged instrument equalling that of the hedged item.
If the hedged cash flow results in a subsequent recognition of a non-financial asset
or\u00a0liability, the gains and/or losses accumulated in equity are included in the measurement
of the cost of the asset or liability. For other cash flow hedges, the amounts deferred
in\u00a0equity are then recognised within the line item in the consolidated income statement
that is consistent with the nature of the underlying hedged item in the period that the
forecasted purchases or payments impact earnings.
The following table summarises the Group\u2019s outstanding cash flow hedges by risk category
as at the dates presented (all contracts denominated in a foreign currency have been
converted into euro using the respective year end spot rate):
Notional maturity profile
Total
Less than
1\u00a0year
1 to 3 years
3 to 5 years
Over 5 years
Cash flow hedges
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Deal contingent foreign currency
forwards
636
636
\u2014
\u2014
\u2014
Foreign currency contracts
1,105
980
125
\u2014
\u2014
Interest rate and cross currency
swaps
1,306
602
\u2014
520
184
Commodity contracts
1,441
829
588
9
15
As at 31 December 2023
4,488
3,047
713
529
199
Foreign currency contracts
1,460
1,196
264
\u2014
\u2014
Interest rate and cross currency
swaps
696
\u2014
416
101
179
Commodity contracts
1,662
889
635
121
17
As at 31 December 2024
3,818
2,085
1,315
222
196
Foreign currency contracts
1,240
937
303
\u2014
\u2014
Interest rate and cross currency
swaps
683
\u2014
512
114
57
Commodity contracts
1,131
749
366
8
8
As at 31 December 2025
3,054
1,686
1,181
122
65
The net notional amount of outstanding interest rate and cross currency swaps used to
hedge interest rate risk and currency fluctuations of non-functional currency borrowings
was \u20ac0.7 billion as at 31\u00a0December\u00a02025, \u20ac0.7 billion as at\u00a031\u00a0December\u00a02024 and \u20ac1.3 billion
as at 31\u00a0December\u00a02023. The net notional amount of the other outstanding foreign
currency cash flow hedges was \u20ac1.2 billion as at 31\u00a0December\u00a02025, \u20ac1.5 billion as at
31\u00a0December\u00a02024 and \u20ac1.1 billion as at 31\u00a0December\u00a02023. The net notional amount of
outstanding commodity-related cash flow hedges was \u20ac1.1 billion as at 31\u00a0December\u00a02025,
\u20ac1.7 billion as at 31\u00a0December\u00a02024 and \u20ac1.4 billion as at 31\u00a0December\u00a02023.
Outstanding cash flow hedges as at 31\u00a0December\u00a02025 are expected to be settled
between 2026\u00a0and 2036.
The following table provides a reconciliation by risk category of the net of tax impacts on
the cash flow hedge reserve disclosed in Note 17, resulting from cash flow hedge accounting:
Foreign
currency
contracts
Commodity
contracts
Interest rate
and cross
currency
swaps
Total
Cash flow hedges
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
20
79
5
104
Net fair value gains/(losses) recognised in OCI
(26)
67
(3)
38
Net (gains) reclassified from OCI to income
statement
(1)
(17)
(10)
(28)
Net (gains)/losses transferred to cost of
inventories
11
(94)
\u2014
(83)
As at 31 December 2023
4
35
(8)
31
Net fair value gains/(losses) recognised in OCI
41
(27)
8
22
Net (gains) reclassified from OCI to income
statement
\u2014
(6)
(4)
(10)
Net (gains)/losses transferred to cost of
inventories
5
(18)
\u2014
(13)
Net losses transferred to goodwill\u00a0in connection
with the Acquisition
2
\u2014
\u2014
2
As at 31 December 2024
52
(16)
(4)
32
Net fair value gains/(losses) recognised in OCI
(56)
(18)
13
(61)
Net (gains)/losses reclassified from OCI to
income statement
1
1
(3)
(1)
Net losses transferred to cost of inventories
8
1
\u2014
9
As at 31 December 2025
5
(32)
6
(21)
The following table summarises the net of tax effect of the cash flow hedges in the
consolidated income statement for the periods presented:
Cash flow hedging instruments
Location \u2013 Income statement
Amount of gain/(loss) reclassified
from the cash flow hedge reserve into profit
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts
Cost of sales
\u2014
\u2014
1
Foreign currency
contracts
Selling and
distribution expenses
(1)
\u2014
\u2014
Commodity contracts
Selling and
distribution expenses
(1)
6
17
Interest rate and cross
currency swaps
Finance costs
3
4
10
Total
1
10
28
Ineffectiveness associated with these cash flow hedges was not material during any year
presented within these financial statements.
Fair value hedges
The Group has designated certain cross currency swaps used to mitigate foreign currency
exchange risk and interest rate risk on foreign currency borrowings as fair value hedges.
There is an economic relationship between the hedged item and the hedging instrument,
as\u00a0the terms of the cross currency swap contracts match the terms of the fixed rate
borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship.
The Group also designates foreign currency contracts as fair value hedges to mitigate
foreign currency exchange risk.
The following table summarises the Group\u2019s outstanding fair value hedges by risk category
as at the dates presented (all contracts denominated in a foreign currency have been
converted into euro using the respective year end spot rate):
Less than
1\u00a0year
1 to 3 years
3 to 5 years
Over 5\u00a0years
Fair value hedges
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross currency swaps
1,159
\u2014
275
450
434
As at 31 December 2023
1,159
\u2014
275
450
434
Interest rate and cross currency swaps
1,154
\u2014
500
225
429
Foreign currency contracts
13
13
\u2014
\u2014
\u2014
As at 31 December 2024
1,167
13
500
225
429
Interest rate and cross currency swaps
972
100
450
150
272
Foreign currency contracts
10
10
\u2014
\u2014
\u2014
As at 31 December 2025
982
110
450
150
272
The net notional amount of outstanding interest rate and cross currency swaps designated
in a fair value hedge relationship with borrowings was \u20ac972 million as at 31\u00a0December\u00a02025,
\u20ac1,154 million as at\u00a031\u00a0December\u00a02024 and \u20ac1,159 million as at 31\u00a0December\u00a02023.
The following table summarises the gains/(losses) recognised from the settlement of fair value
hedges within the consolidated income statement for the periods presented:
Fair value hedges
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross
currency swaps
Finance costs
(24)
(36)
(30)
Total
(24)
(36)
(30)
The carrying value of the hedged item recognised within borrowings as at
31\u00a0December\u00a02025 was\u00a0\u20ac891 million (31\u00a0December\u00a02024: \u20ac1,076 million), and included
accumulated fair value hedging adjustments of \u20ac33 million reducing borrowings
(31\u00a0December\u00a02024: \u20ac74 million reduction in borrowings).
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
There were no outstanding non-designated foreign currency hedges related to\u00a0hedging
foreign currency exposure on intercompany loans as at 31\u00a0December\u00a02025. There were
\u20ac206 million outstanding non-designated hedges as at 31\u00a0December\u00a02024.
There were \u20ac24 million of outstanding non-designated commodity hedges entered into
as\u00a0part of a power purchase agreement as at 31\u00a0December\u00a02025 (31\u00a0December\u00a02024:
\u20ac33 million). This agreement expires in 2035.
The following table summarises the gains/(losses) recognised from non-designated derivative
financial instruments in the consolidated income statement for the years presented:
Non-designated hedging
instruments
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts (A)
Non-operating items
3
2
(5)
Commodity
contracts
Non-operating items
(10)
4
\u2014
Total
(7)
6
(5)
(A) The gain/(loss) recognised on these currency contracts is offset by the gain/(loss) recognised on the remeasurement
of the underlying hedged items; therefore, there is a minimal consolidated net effect in non-operating items on the
consolidated income statement.
Net investment hedges
The Group had no net investment hedges in place as at 31\u00a0December\u00a02025 or
31\u00a0December\u00a02024. However, it continues to monitor its exposure to currency exchange
rates and may enter into future net investment hedges as\u00a0a result of volatility in the
functional currencies of certain of its subsidiaries.
Note 27
Financial risk management
Financial risk factors, objectives and policies
The Group\u2019s activities expose it to several financial risks including market risk, credit risk
and\u00a0liquidity risk. Financial risk activities are governed by appropriate policies and
procedures to minimise the uncertainties these risks create on the Group\u2019s future
cash\u00a0flows. Such policies are developed and approved by the Group\u2019s Treasury and
Commodities Risk Committee, through the authority delegated to it by the Board.
Market risk
Market risk represents the risk that the fair value of future cash flows of a financial
instrument will fluctuate due to changes in market prices and includes interest rate risk,
currency exchange risk and other price risk such as commodity price risk. Market risk
affects outstanding borrowings, as well as derivative financial instruments.
Interest rates
The Group is subject to interest rate risk for its outstanding borrowings. To manage interest
rate risk, the Group maintains a significant proportion of its borrowings at fixed rates.
Approximately 88% and 90% of the Group\u2019s interest bearing borrowings were comprised
of\u00a0fixed rate borrowings at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively.
The\u00a0Group also modifies its interest rate exposure through the use of interest rate swaps.
As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, the notional value of the Group\u2019s interest
rate swaps was \u20ac882 million and \u20ac1,060\u00a0million, respectively.
If interest rates on the Group\u2019s floating rate debt were adjusted by 1% for the years ended
31\u00a0December\u00a02025, 31\u00a0December 2024 and 31\u00a0December\u00a02023, the Group\u2019s finance costs
and pre-tax equity would change on an annual basis by approximately \u20ac8 million, \u20ac8 million
and \u20ac9 million, respectively. This amount is determined by calculating the effect
of\u00a0a\u00a0hypothetical interest rate change on the Group\u2019s floating rate debt.
Currency exchange risk
Foreign currency exchange risk can only arise on financial instruments that are denominated in
a\u00a0currency other than the functional currency in which they are measured. Translation-related
risks are therefore not included in the assessment of the Group\u2019s exposure to currency risks.
Translation exposures arise from financial and non-financial items held by the Group with a
functional currency different from the Group\u2019s presentation currency (euro). To manage
currency exchange risk arising from future commercial transactions and recognised monetary
assets and liabilities, foreign currency forward and option contracts with external third parties
are used. Typically, up to 80% of anticipated cash flow exposures in each major foreign currency
for the next calendar year are hedged using a combination of forward and option contracts with
third parties.
The Group is also exposed to the risk of changes in currency exchange rates between
US\u00a0dollar and euro in relation to its US dollar denominated borrowings. This risk is managed
by\u00a0entering into cross currency swaps upon issuance, thereby mitigating the foreign
currency exchange risk in its entirety.
The Group\u2019s main foreign currency exchange rate exposure relates to the changes in value of
the euro and US dollar against other currencies. The following tables demonstrate the sensitivity
to a reasonably possible change in the euro and US dollar exchange rates, with all other
variables held constant. The impact on the Group\u2019s profit before taxes is due to the changes in
the fair value of the monetary assets and liabilities denominated in currencies other than the
functional currencies in which they are measured. The impact on the Group\u2019s pre-tax equity is
due to\u00a0changes in the fair value of foreign currency contracts designated as cash flow hedges.
The\u00a0Group\u2019s exposure to foreign currency changes for all other currencies is not material.
Year ended 31 December
Profit before taxes impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(5)
(9)
(8)
10% depreciation in the euro
5
9
8
10% appreciation in the US dollar
(4)
(8)
2
10% depreciation in the US dollar
4
8
(2)
Year ended 31 December
Pre-tax equity impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(38)
(33)
(6)
10% depreciation in the euro
38
33
6
10% appreciation in the US dollar
109
108
79
10% depreciation in the US dollar
(109)
(108)
(79)
Commodity price risk
The competitive marketplace in which the Group operates may limit its ability to recover
increased costs through higher prices. As such, the Group is subject to market risk with
respect to\u00a0commodity price fluctuations, principally related to its purchases of aluminium,
PET (plastic, including recycled PET, LDPE), natural gas, power, ethylene, sugar and vehicle
fuel. When possible, exposure to this risk is managed primarily through the use of supplier
pricing agreements, which enable the Group to establish the purchase price for certain
commodities. Certain suppliers restrict the Group\u2019s ability to hedge prices through supplier
agreements. As a result, commodity hedging programmes are entered into and generally
designated as hedging instruments. Refer to Note 13 for more information. Typically, up to
80% of\u00a0the anticipated commodity transaction exposures for the next calendar year are
hedged using a combination of\u00a0forward and option\u00a0contracts executed with third parties.
The following table demonstrates the sensitivity to reasonably possible changes in
commodity prices at the reporting date, with all other variables held constant. The impact
on the Group\u2019s pre-tax equity is due to changes in the fair value of commodity hedges
designated as cash flow hedges. The impact on the Group\u2019s profit before taxes is
immaterial as the vast majority of commodity derivatives are designated as hedging
instruments in cash flow hedges. As at 31\u00a0December\u00a02025, there were \u20ac24 million
(31\u00a0December\u00a02024: \u20ac33 million) of outstanding non-designated commodity hedges
(refer\u00a0to Note 13 for further details).
Year ended 31 December
2025
2024
2023
Commodity price risk
\u20ac million
\u20ac million
\u20ac million
10% increase in commodity prices equity gain
113
166
144
10% decrease in commodity prices equity loss
(113)
(166)
(144)
Credit risk
The Group is exposed to counterparty credit risk on all of its derivative financial instruments.
Strict counterparty credit guidelines are maintained and only financial institutions that are
investment grade or better are acceptable counterparties. Counterparty credit risk is
continuously monitored and numerous counterparties are used to minimise exposure
to\u00a0potential defaults. Where required, collateral is paid between the counterparties to
minimise counterparty risk. The maximum credit risk exposure for each derivative financial
instrument is\u00a0the carrying amount of the derivative. Included in trade and other payables
is\u00a0\u20ac10 million (2024:\u00a0\u20ac18 million) related to collateral received from counterparties.
Credit is extended in the form of payment terms for trade to customers of the Group,
consisting of retailers, wholesalers and other customers, generally without requiring
collateral, based on an evaluation of the customer\u2019s financial condition. While the Group
has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse
nature of the customers the Group serves, including, but not limited to, their type,
geographic location, size and beverage channel. Depending on the risk profile of certain
customers, we may also seek bank guarantees. Collections of receivables are dependent
on each individual customer\u2019s financial condition and sales adjustments granted.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to 60 days and do not bear interest. A default on a
financial asset is when\u00a0the counterparty fails to make contractual payments when they
fall\u00a0due. Exposure to\u00a0losses on receivables is monitored, and balances are adjusted for
expected credit losses. Expected credit losses are determined by: (1) evaluating the ageing
of receivables; (2)\u00a0analysing the history of adjustments; and (3) reviewing high risk
customers. Credit\u00a0insurance on a portion of the accounts receivable balance is also
carried.
Liquidity risk
Liquidity risk is actively managed to ensure that the Group has sufficient funds to satisfy
its\u00a0commitments. The Group\u2019s sources of capital include, but are not limited to, cash
flows\u00a0from operations, public and private issuances of debt and equity securities, and
bank\u00a0borrowings. The\u00a0Group believes its operating cash flows, cash on hand and available
short- and long-term capital resources are sufficient to fund its working capital
requirements, scheduled borrowing payments, interest payments, capital expenditures,
benefit plan contributions, income tax obligations and dividends to its shareholders.
Counterparties and instruments used to hold cash and cash equivalents are continuously
assessed, with a focus on preservation of capital and liquidity. Based on information
currently available, the Group does not believe it is at significant risk of default by
its\u00a0counterparties.
The Group has amounts available for borrowing under a \u20ac1.80 billion multi currency credit
facility (2024: \u20ac1.80 billion) with a syndicate of 12 banks. This credit facility matures in 2030
and is for general corporate purposes, including serving as a backstop to its commercial
paper programme and supporting the Group\u2019s working capital needs. Based on information
currently available, the Group has no indication that the financial institutions participating in
this facility would be unable to fulfil their commitments as at the date of these financial
statements. The current credit facility contains no financial covenants that would impact
the Group\u2019s liquidity or access to capital. As at 31\u00a0December\u00a02025, the Group had no
amounts drawn under this credit facility.
The Group operates a sustainability-linked supply chain finance programme. The facility is
provided by a third party bank and helps our suppliers get paid earlier than under
contractual credit terms. Supplier balances under supply chain finance facilities are
disclosed in Note 15.
The following table summarises the maturity profile of the Group\u2019s financial liabilities as at
31\u00a0December\u00a02025. The amounts are presented on a gross, undiscounted basis and include
contractual interest payments, excluding the effects of any netting arrangements.
Balances due within 12 months approximate their carrying amounts, as the impact of
discounting is not significant.
Total
Less than 1\u00a0year
1 to 3 years
3 to 5 years
More than
5\u00a0years
Financial liabilities
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
31\u00a0December\u00a02025
Trade and other payables
5,450
5,450
\u2014
\u2014
\u2014
Amounts payable to related
parties
341
341
\u2014
\u2014
\u2014
Borrowings
11,280
517
3,092
2,880
4,791
Derivatives
246
99
68
19
60
Lease liabilities
779
179
275
131
194
Total financial liabilities
18,096
6,586
3,435
3,030
5,045
31\u00a0December\u00a02024
Trade and other payables
5,319
5,319
\u2014
\u2014
\u2014
Amounts payable to related
parties
373
373
\u2014
\u2014
\u2014
Borrowings
11,886
1,376
2,332
2,916
5,262
Derivatives
206
45
58
15
88
Lease liabilities
787
172
269
142
204
Total financial liabilities
18,571
7,285
2,659
3,073
5,554
Capital management
The primary objective of the Group\u2019s capital management is to ensure a strong credit rating
and\u00a0appropriate capital ratios are maintained to support the Group\u2019s business and
maximise shareholder value. The Group\u2019s credit ratings are periodically reviewed by rating
agencies. Currently, the Group\u2019s long-term ratings from Moody\u2019s and Fitch are A3 and A-,
respectively. Changes in the operating results, cash flows or financial position could impact
the ratings assigned by the various rating agencies. The credit rating can be materially
influenced by a number of factors including, but not limited to, acquisitions, investment
decisions, capital management activities of TCCC and/or changes in the credit rating of
TCCC. Should the credit ratings be adjusted downwards, the Group may incur higher costs
to borrow, which could have a material impact on the financial condition and results of
operations.
The capital structure is managed and, as appropriate, adjustments are made in light of
changes in economic conditions and the Group\u2019s financial policy.
The Group monitors its operating performance in the context of targeted financial leverage
by comparing the ratio of net debt with comparable EBITDA. Net debt is defined as
borrowings adjusted for the fair value of hedging instruments and other financial assets/
liabilities related to borrowings, net of cash and cash equivalents and short-term
investments. Comparable EBITDA is calculated as EBITDA and\u00a0adjusted for items
impacting comparability.
Refer to Note 12 for the presentation of fair values for each class of financial assets
and\u00a0financial liabilities and\u00a0Note 13 for an outline of how the Group utilises derivative
financial instruments to mitigate its exposure to certain market risks associated with
its\u00a0ongoing operations.
Refer to the Strategic Report included within this Annual Report for disclosure of strategic,
commercial and operational risk relevant to the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-714": { "value": "
Note 13
Hedging activities
The following table summarises the net of tax effect of the cash flow hedges in the
consolidated income statement for the periods presented:
Cash flow hedging instruments
Location \u2013 Income statement
Amount of gain/(loss) reclassified
from the cash flow hedge reserve into profit
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts
Cost of sales
\u2014
\u2014
1
Foreign currency
contracts
Selling and
distribution expenses
(1)
\u2014
\u2014
Commodity contracts
Selling and
distribution expenses
(1)
6
17
Interest rate and cross
currency swaps
Finance costs
3
4
10
Total
1
10
28
Ineffectiveness associated with these cash flow hedges was not material during any year
presented within these financial statements.
The following table summarises the gains/(losses) recognised from the settlement of fair value
hedges within the consolidated income statement for the periods presented:
Fair value hedges
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross
currency swaps
Finance costs
(24)
(36)
(30)
Total
(24)
(36)
(30)
Note 19
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
The following table summarises net finance costs for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest income (A)
103
85
65
Interest expense on external debt (A)
(274)
(242)
(162)
Other finance costs (B)
(32)
(30)
(23)
Total finance costs, net
(203)
(187)
(120)
(A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest
rate\u00a0swaps. Cross currency swaps and interest rate swaps income totalled \u20ac36 million, \u20ac45 million
and \u20ac47 million in 2025, 2024 and 2023, respectively. Cross currency swaps and interest rate swaps
expense totalled \u20ac56 million, \u20ac77 million and \u20ac67 million in 2025, 2024 and 2023 , respectively.
Refer\u00a0to\u00a0Note 13 for further details.
(B) Other finance costs principally include amortisation of the discount on external debt and interest
on\u00a0leases.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-713": { "value": "
Note 13
Hedging activities
The following table summarises the net of tax effect of the cash flow hedges in the
consolidated income statement for the periods presented:
Cash flow hedging instruments
Location \u2013 Income statement
Amount of gain/(loss) reclassified
from the cash flow hedge reserve into profit
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts
Cost of sales
\u2014
\u2014
1
Foreign currency
contracts
Selling and
distribution expenses
(1)
\u2014
\u2014
Commodity contracts
Selling and
distribution expenses
(1)
6
17
Interest rate and cross
currency swaps
Finance costs
3
4
10
Total
1
10
28
Ineffectiveness associated with these cash flow hedges was not material during any year
presented within these financial statements.
The following table summarises the gains/(losses) recognised from the settlement of fair value
hedges within the consolidated income statement for the periods presented:
Fair value hedges
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross
currency swaps
Finance costs
(24)
(36)
(30)
Total
(24)
(36)
(30)
Note 19
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
The following table summarises net finance costs for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest income (A)
103
85
65
Interest expense on external debt (A)
(274)
(242)
(162)
Other finance costs (B)
(32)
(30)
(23)
Total finance costs, net
(203)
(187)
(120)
(A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest
rate\u00a0swaps. Cross currency swaps and interest rate swaps income totalled \u20ac36 million, \u20ac45 million
and \u20ac47 million in 2025, 2024 and 2023, respectively. Cross currency swaps and interest rate swaps
expense totalled \u20ac56 million, \u20ac77 million and \u20ac67 million in 2025, 2024 and 2023 , respectively.
Refer\u00a0to\u00a0Note 13 for further details.
(B) Other finance costs principally include amortisation of the discount on external debt and interest
on\u00a0leases.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-712": { "value": "
Note 13
Hedging activities
The following table summarises the net of tax effect of the cash flow hedges in the
consolidated income statement for the periods presented:
Cash flow hedging instruments
Location \u2013 Income statement
Amount of gain/(loss) reclassified
from the cash flow hedge reserve into profit
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Foreign currency
contracts
Cost of sales
\u2014
\u2014
1
Foreign currency
contracts
Selling and
distribution expenses
(1)
\u2014
\u2014
Commodity contracts
Selling and
distribution expenses
(1)
6
17
Interest rate and cross
currency swaps
Finance costs
3
4
10
Total
1
10
28
Ineffectiveness associated with these cash flow hedges was not material during any year
presented within these financial statements.
The following table summarises the gains/(losses) recognised from the settlement of fair value
hedges within the consolidated income statement for the periods presented:
Fair value hedges
Location \u2013 Income statement
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest rate and cross
currency swaps
Finance costs
(24)
(36)
(30)
Total
(24)
(36)
(30)
Note 19
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
The following table summarises net finance costs for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest income (A)
103
85
65
Interest expense on external debt (A)
(274)
(242)
(162)
Other finance costs (B)
(32)
(30)
(23)
Total finance costs, net
(203)
(187)
(120)
(A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest
rate\u00a0swaps. Cross currency swaps and interest rate swaps income totalled \u20ac36 million, \u20ac45 million
and \u20ac47 million in 2025, 2024 and 2023, respectively. Cross currency swaps and interest rate swaps
expense totalled \u20ac56 million, \u20ac77 million and \u20ac67 million in 2025, 2024 and 2023 , respectively.
Refer\u00a0to\u00a0Note 13 for further details.
(B) Other finance costs principally include amortisation of the discount on external debt and interest
on\u00a0leases.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-717": { "value": "
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
Cash flow hedges
The Group uses cash flow hedges to mitigate its exposure to variability in cash flows
attributable to currency fluctuations and commodity price fluctuations associated with
certain highly probable forecasted transactions, including purchases of raw materials,
finished goods and services denominated in non-functional currencies, the receipts
of\u00a0interest as well as the payments of interest and principal on debt issuances in
non\u2011functional currencies.
Effective changes in the fair value of these cash flow hedging instruments are recognised
as a component of other reserves in the consolidated statement of changes in equity.
Any\u00a0changes in the fair value of these cash flow hedges that are the result of
ineffectiveness are recognised immediately in the line item in the consolidated income
statement that is consistent with the nature of the underlying hedged item. Historically,
the\u00a0Group has not experienced, and does not expect to experience, material hedge
ineffectiveness with the value of the hedged instrument equalling that of the hedged item.
If the hedged cash flow results in a subsequent recognition of a non-financial asset
or\u00a0liability, the gains and/or losses accumulated in equity are included in the measurement
of the cost of the asset or liability. For other cash flow hedges, the amounts deferred
in\u00a0equity are then recognised within the line item in the consolidated income statement
that is consistent with the nature of the underlying hedged item in the period that the
forecasted purchases or payments impact earnings.
Fair value hedges
The Group has designated certain cross currency swaps used to mitigate foreign currency
exchange risk and interest rate risk on foreign currency borrowings as fair value hedges.
There is an economic relationship between the hedged item and the hedging instrument,
as\u00a0the terms of the cross currency swap contracts match the terms of the fixed rate
borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship.
The Group also designates foreign currency contracts as fair value hedges to mitigate
foreign currency exchange risk.
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-716": { "value": "
Derivative financial instruments
The Group utilises derivative financial instruments to mitigate its exposure to certain
market risks associated with its ongoing operations. The primary risks that it seeks to
manage through the use of derivative financial instruments include currency exchange risk,
commodity price risk and interest rate risk.
All derivative financial instrument assets and liabilities are recorded at fair value in the
consolidated statement of financial position. The Group does not use derivative financial
instruments for trading or speculative purposes, and all hedge ratios are on a 1 :1 basis.
At\u00a0the inception of a hedge transaction, the Group documents the relationship between
the hedging instrument and the hedged item, as well as its risk management objective
and\u00a0strategy for undertaking the hedge transaction.
This process includes linking the derivative financial instrument designated as a hedging
instrument to the specific asset, liability, firm commitment or forecasted transaction.
Refer\u00a0to Note 27 for further details about the Group\u2019s risk management strategy and
objectives. Both at the hedge inception and on an ongoing basis, the Group assesses
and\u00a0documents whether the derivative financial instrument used in the hedging
transaction is highly effective in maintaining the risk management objectives. Where critical
terms match, the Group uses a qualitative assessment to ensure initial and ongoing
effectiveness criteria. Hedge accounting is discontinued when the hedging instrument
expires or is sold, terminated, exercised or no longer qualifies for hedge accounting. At that
time, any cumulative gain or loss on the hedging instrument recognised in equity is retained
in equity until the forecasted transaction occurs. If the hedged transaction is no longer
expected to occur, the net cumulative gain or loss recognised in equity is transferred
to\u00a0the\u00a0income statement.
While certain derivative financial instruments are designated as hedging instruments,
the\u00a0Group may also enter into derivative financial instruments that are designed to hedge
a\u00a0risk but are not designated as hedging instruments (referred to as an economic hedge
or\u00a0a non-designated hedge). The decision regarding whether or not to designate a hedge
for\u00a0hedge accounting is made by management considering the size, purpose and tenure
of\u00a0the hedge, as well as the anticipated ability to achieve and maintain the Group\u2019s risk
management objective.
The Group is exposed to counterparty credit risk on all of its derivative financial
instruments. It\u00a0has established and maintained strict counterparty credit guidelines
and\u00a0enters into hedges only with financial institutions that are investment grade or better.
It continuously monitors counterparty credit risk and utilises numerous counterparties
to\u00a0minimise its exposure to potential defaults.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-718": { "value": "
Non-designated hedges
The Group periodically enters into derivative instruments to manage various risks; however,
these are not designated as hedging instruments, and therefore no hedge accounting is
applied. These include short-term derivatives used to mitigate currency-related cash flow
exposures on items such as short-term intercompany loans and certain non-functional
currency cash equivalents, as well as derivatives used to hedge specific balance sheet
exposures and commodity positions. All such instruments are measured at fair value, with
changes recognised in\u00a0the consolidated income statement each reporting period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-719": { "value": "
Borrowings
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.
Leases
Lease liabilities are included within borrowings in our consolidated statement
of\u00a0financial\u00a0position.
The lease liability is measured at the present value of lease payments, discounted
using\u00a0the Group\u2019s incremental borrowing rate (IBR). The lease term comprises the
non\u2011cancellable period of the contract, together with periods covered by an option
to\u00a0extend\u00a0the lease whenever the Group is reasonably certain to exercise that option
and\u00a0has\u00a0an enforceable right to do so. Subsequently, the lease liability is measured
by\u00a0increasing the\u00a0carrying amount to reflect interest on the lease liability and reducing
it\u00a0by\u00a0lease payments\u00a0made.
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-720": { "value": "
Borrowings are initially recognised at fair value, net of issuance costs incurred. After initial
recognition, borrowings are subsequently measured at amortised cost using the effective
interest rate method. Amortisation of transaction costs, fair value adjustments made
on\u00a0acquisition, premiums and discounts are recognised as part of finance costs within
the\u00a0 consolidated income statement.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-721": { "value": "
Changes in liabilities arising from financing activities
The following table provides a reconciliation of movements of liabilities to cash flows
arising from financing activities:
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 1 January 2023
1,336
10,571
74
(83)
4
11,902
Changes from financing cash flows
Proceeds from third party
borrowings, net
\u2014
694
\u2014
\u2014
\u2014
694
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,159)
\u2014
\u2014
\u2014
\u2014
(1,159)
Payment of principal on lease
obligations
(148)
\u2014
\u2014
\u2014
\u2014
(148)
Interest paid
(17)
\u2014
(165)
\u2014
\u2014
(182)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(841)
(841)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
69
\u2014
69
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
\u2014
5
\u2014
\u2014
\u2014
5
Lease additions and other
non-cash movements
93
98
164
\u2014
844
1,199
Movement as a result of fair
value hedges
\u2014
40
\u2014
\u2014
\u2014
40
Changes in fair values
\u2014
\u2014
\u2014
25
\u2014
25
Currency translations
(40)
(77)
\u2014
17
(2)
(102)
Reclassifications
1,235
(1,235)
\u2014
\u2014
\u2014
\u2014
Total changes
(36)
(475)
(1)
111
1
(400)
As at 31 December 2023
1,300
10,096
73
28
5
11,502
Changes from financing cash flows
Acquisition of CCBPI
63
6
\u2014
\u2014
\u2014
69
Proceeds from third party
borrowings, net
32
976
\u2014
\u2014
\u2014
1,008
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,207)
\u2014
\u2014
\u2014
\u2014
(1,207)
Payment of principal on lease
obligations
(157)
\u2014
\u2014
\u2014
\u2014
(157)
Interest paid
(21)
\u2014
(228)
\u2014
\u2014
(249)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Dividends paid
\u2014
\u2014
\u2014
\u2014
(910)
(910)
Settlement of debt-related
cross currency swaps
\u2014
\u2014
\u2014
66
\u2014
66
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
7
\u2014
\u2014
\u2014
6
Lease additions and other
non-cash movements
53
135
243
\u2014
911
1,342
Movement as a result of fair
value hedges
\u2014
29
\u2014
\u2014
\u2014
29
Changes in fair values
\u2014
\u2014
\u2014
(59)
\u2014
(59)
Currency translations
33
(13)
\u2014
\u2014
\u2014
20
Reclassifications
1,296
(1,296)
\u2014
\u2014
\u2014
\u2014
Total changes
91
(156)
15
7
1
(42)
As at 31 December 2024
1,391
9,940
88
35
6
11,460
Changes from financing cash flows
Proceeds from third party
borrowings, net
39
1,288
\u2014
\u2014
\u2014
1,327
Changes in short-term
borrowings (A)
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Repayments on third party
borrowings
(1,824)
\u2014
\u2014
\u2014
\u2014
(1,824)
Payment of principal on lease
obligations
(162)
\u2014
\u2014
\u2014
\u2014
(162)
Current
portion
of\u00a0borrowings
Borrowings,
less current
portion
Interest
payable (B)
Derivatives
(assets)/
liabilities held
to hedge
borrowings (C)
Dividends
payable (B)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
Interest paid
(23)
\u2014
(213)
\u2014
\u2014
(236)
Dividends paid
\u2014
\u2014
\u2014
\u2014
(927)
(927)
Other non-cash changes
Amortisation of discounts,
premium, issue costs and fair
value adjustments
(1)
8
\u2014
\u2014
\u2014
7
Lease additions and other
non-cash movements
54
139
221
\u2014
926
1,340
Movement as a result of fair
value hedges
7
(4)
\u2014
\u2014
\u2014
3
Changes in fair values
\u2014
\u2014
\u2014
41
\u2014
41
Currency translations
13
(171)
\u2014
\u2014
\u2014
(158)
Reclassifications
976
(976)
\u2014
\u2014
\u2014
\u2014
Total changes
(921)
284
8
41
(1)
(589)
As at 31 December 2025
470
10,224
96
76
5
10,871
(A) In 2025, changes in short-term borrowings include \u20ac7,658 million of newly issued and \u20ac7,658 million
of\u00a0repaid euro commercial paper. In 2024, changes in short-term borrowings included \u20ac10,074 million
and\u00a0\u20ac10,074 million of newly issued and repaid euro commercial paper, respectively. In 2023, changes
in\u00a0short\u2011term borrowings included \u20ac6,810 million and \u20ac6,810 million of newly issued and repaid euro
commercial paper, respectively.
(B) Interest payable and dividends payable balances are presented within the Trade and other payables
line\u00a0item in the Group\u2019s consolidated statement of financial position.
(C) Interest rate and cross currency swaps are used to hedge interest rate risk and currency fluctuations of
non\u2011functional currency borrowings, refer to Note 13.
Total cash outflows for leases were \u20ac185 million, \u20ac178 million and \u20ac165\u00a0million for the years
ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-723": { "value": "
Note 15
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers . The costs of these off-invoice customer marketing initiatives
totalled \u20ac6.0 billion, \u20ac5.8 billion and \u20ac5.4 billion for 2025, 2024 and 2023, respectively.
The following table summarises trade and other payables as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Trade accounts payable
2,716
2,669
Accrued customer marketing costs
1,424
1,376
Accrued deposits
400
392
Accrued compensation and benefits
492
500
Accrued taxes (A)
656
389
Other accrued expenses
497
460
Total trade and other payables
6,185
5,786
(A) This line item includes a payable of \u20ac287\u00a0million as at 31\u00a0December\u00a02025 (31\u00a0December\u00a02024: \u20ac61\u00a0million)
related to the Spanish VAT matter. Refer to Note 25 for further details.
Supplier finance arrangements
The Group engages in supplier finance arrangements facilitated by various banks, pursuant
to which its suppliers may elect to receive early payments of their invoices from a bank.
Under the arrangements, the bank agrees to pay amounts due to participating suppliers
with respect to invoices owed by the Group, and the Group repays the bank at a later date.
Participation in these arrangements is at suppliers\u2019 own discretion. If suppliers elect to
receive early payments, they pay a fee to the respective bank, to which the Group is not
party. The primary purpose of these arrangements is to streamline payment processing
and allow willing suppliers to receive early payments from the bank before the invoice
due\u00a0date. Payment terms with suppliers have not been renegotiated in conjunction with
these arrangements.
The Group does not derecognise the original liabilities to which supplier finance
arrangements apply because a legal release is not obtained, and the original liabilities
remain substantially unmodified upon entering into these arrangements. From the
perspective of the Group, the arrangements do not significantly extend the payment terms
beyond the normal terms agreed with other non-participating suppliers. The Group incurs
no additional fees or interest expense towards the banks on the amounts due to the
suppliers. As a result, the Group discloses the amounts subject to the arrangements within
trade and other payables. As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, all payables
related to supplier finance arrangements were classified as current.
Payments made to the banks are included in cash flows from operating activities because
they continue to be part of the Group\u2019s normal operating cycle and their principal nature
remains operating.
The following tables provide an overview of the carrying amount of the liabilities part of a
supplier financing arrangement as well as the range of common payment due dates:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Carrying amount of liabilities that are part of supplier financing
arrangements
Presented within trade accounts payable
689
764
\u00a0 \u00a0 of which suppliers have received payment
614
596
Year ended 31 December
2025
2024
Days after
Days after
Range of payment due dates
Liabilities that are part of an arrangement
60 - 135
45 - 135
Comparable liabilities that are not part of an arrangement
0 - 135
0 - 135
In 2025, there were no non-cash changes in the carrying amount of the trade payables
included in the Group\u2019s supplier finance arrangements. In 2024, following the Acquisition,
the Group assumed \u20ac40 million of trade and other payables, which were part of a supplier
finance arrangement.
The following table summarises the transactions with TCCC that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from TCCC
92
76
Amounts payable to TCCC
289
320
The following table summarises the transactions with Cobega that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from Cobega
7
7
Amounts payable to Cobega
20
32
The following table summarises the balances with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from associates
\u2014
6
Amounts payable to associates
13
2
Amounts payable to joint ventures
\u2014
9
Amounts payable to other related parties
19
10
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-722": { "value": "
Note 15
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers . The costs of these off-invoice customer marketing initiatives
totalled \u20ac6.0 billion, \u20ac5.8 billion and \u20ac5.4 billion for 2025, 2024 and 2023, respectively.
The following table summarises trade and other payables as at the dates presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Trade accounts payable
2,716
2,669
Accrued customer marketing costs
1,424
1,376
Accrued deposits
400
392
Accrued compensation and benefits
492
500
Accrued taxes (A)
656
389
Other accrued expenses
497
460
Total trade and other payables
6,185
5,786
(A) This line item includes a payable of \u20ac287\u00a0million as at 31\u00a0December\u00a02025 (31\u00a0December\u00a02024: \u20ac61\u00a0million)
related to the Spanish VAT matter. Refer to Note 25 for further details.
Supplier finance arrangements
The Group engages in supplier finance arrangements facilitated by various banks, pursuant
to which its suppliers may elect to receive early payments of their invoices from a bank.
Under the arrangements, the bank agrees to pay amounts due to participating suppliers
with respect to invoices owed by the Group, and the Group repays the bank at a later date.
Participation in these arrangements is at suppliers\u2019 own discretion. If suppliers elect to
receive early payments, they pay a fee to the respective bank, to which the Group is not
party. The primary purpose of these arrangements is to streamline payment processing
and allow willing suppliers to receive early payments from the bank before the invoice
due\u00a0date. Payment terms with suppliers have not been renegotiated in conjunction with
these arrangements.
The Group does not derecognise the original liabilities to which supplier finance
arrangements apply because a legal release is not obtained, and the original liabilities
remain substantially unmodified upon entering into these arrangements. From the
perspective of the Group, the arrangements do not significantly extend the payment terms
beyond the normal terms agreed with other non-participating suppliers. The Group incurs
no additional fees or interest expense towards the banks on the amounts due to the
suppliers. As a result, the Group discloses the amounts subject to the arrangements within
trade and other payables. As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, all payables
related to supplier finance arrangements were classified as current.
Payments made to the banks are included in cash flows from operating activities because
they continue to be part of the Group\u2019s normal operating cycle and their principal nature
remains operating.
The following tables provide an overview of the carrying amount of the liabilities part of a
supplier financing arrangement as well as the range of common payment due dates:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Carrying amount of liabilities that are part of supplier financing
arrangements
Presented within trade accounts payable
689
764
\u00a0 \u00a0 of which suppliers have received payment
614
596
Year ended 31 December
2025
2024
Days after
Days after
Range of payment due dates
Liabilities that are part of an arrangement
60 - 135
45 - 135
Comparable liabilities that are not part of an arrangement
0 - 135
0 - 135
In 2025, there were no non-cash changes in the carrying amount of the trade payables
included in the Group\u2019s supplier finance arrangements. In 2024, following the Acquisition,
the Group assumed \u20ac40 million of trade and other payables, which were part of a supplier
finance arrangement.
Note 25
Other current assets and assets held for sale
Other current assets
The following table summarises the Group\u2019s other current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other current assets
\u20ac million
\u20ac million
Prepayments
155
202
VAT receivables
296
44
Miscellaneous receivables
208
212
Total other current assets
659
458
VAT receivables
In 2014, a dispute arose between the Spanish Tax Authorities (STA) and the Bizkaia Tax
Authorities (BTA) regarding which authority was responsible for refunding VAT to the Group
for the years 2013\u20132016.
In 2022, following an Arbitration Board ruling, the Group received \u20ac252\u00a0million (including
interest) from the BTA and recognised a further \u20ac25\u00a0million VAT receivable within other
current assets, and a VAT payable of \u20ac57\u00a0million to the STA within trade and other
payables, both including interest.
As at 31 December 2024, the VAT receivable balance of \u20ac25\u00a0million remained unchanged,
while the VAT payable balance increased to \u20ac61\u00a0million as a result of interest charges.
On 24 July 2025, the Supreme Court of Spain issued its decision on the jurisdictional
dispute and determined that:
\u25a0 the STA is required to refund approximately \u20ac250\u00a0million (including interest) to the
Group; and
\u25a0 the Group is required to repay approximately \u20ac287\u00a0million (including interest) to the
BTA\u00a0for the amount received in 2022.
The net difference reflected previously recognised balance sheet positions.
The Supreme Court decision confirmed the principle of VAT neutrality.
As at 31\u00a0December\u00a02025, the Group has recognised a \u20ac250\u00a0million VAT receivable from
the\u00a0STA within other current assets, and a \u20ac287\u00a0million VAT payable to the BTA within
accrued taxes, included within trade and other payables. Both balances are expected
to\u00a0be\u00a0settled concurrently.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-724": { "value": "
Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group
prior to the end of the reporting period, which are unpaid. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest rate method.
Trade payables are non-interest bearing and are normally settled between 70 to 80 days.
The Group participates in various programmes and arrangements with customers designed
to increase the sale of our products. The costs of these programmes are recorded as
deductions from revenue. Among the programmes are arrangements under which
allowances can be earned by customers for attaining agreed upon sales levels or for
participating in specific marketing programmes. When these allowances are paid in arrears,
the Group accrues the estimated amount to be paid based on historical customer
experience, the programme\u2019s contractual terms and the amounts expected to be
settled\u00a0with customers .", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-725": { "value": "
Note 16
Post-employment benefits
The Group recognises termination benefits at the earlier of the following dates:
(1)\u00a0when\u00a0the\u00a0Group can no longer withdraw the offer of those benefits; and (2) when the
Group recognises costs for restructuring that are within the scope of IAS 37 - Provisions,
Contingent Liabilities and Contingent Assets and involves the payment of termination
benefits. In the case of an offer made to encourage voluntary redundancy, the termination
benefits are measured based on the number of employees expected to accept the offer.
Termination benefits are payable whenever an employee\u2019s employment is terminated before
the normal retirement date or whenever an employee accepts voluntary redundancy in
exchange for those benefits.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-726": { "value": "
Post-employment benefits
The cost of providing benefits is determined using the projected unit credit method,
with\u00a0actuarial valuations being carried out at the end of each annual reporting period.
All\u00a0remeasurements of the defined benefit obligation, such as actuarial gains and losses
and return on plan assets, are recognised directly in other comprehensive income.
Remeasurements recognised in other comprehensive income are reflected immediately
in\u00a0retained earnings and are not reclassified to profit or loss. Service cost is presented
within cost of sales, selling and distribution expenses and administrative expenses in the
consolidated income statement. Past service cost is recognised immediately within cost
of\u00a0sales, selling and distribution expenses, and administrative expenses in the consolidated
income statement. The net interest cost is calculated by applying the discount rate to the
net balance of the defined benefit obligation and the fair value of plan assets. Net interest
cost is presented within finance costs or finance income, as applicable, in the consolidated
income statement. The defined benefit obligation recognised in the consolidated
statement of financial position represents the present value of the estimated future cash
outflows, using interest rates of high quality corporate bonds which have terms to maturity
approximating the terms of the related liability.
The Group recognises termination benefits at the earlier of the following dates:
(1)\u00a0when\u00a0the\u00a0Group can no longer withdraw the offer of those benefits; and (2) when the
Group recognises costs for restructuring that are within the scope of IAS 37 - Provisions,
Contingent Liabilities and Contingent Assets and involves the payment of termination
benefits. In the case of an offer made to encourage voluntary redundancy, the termination
benefits are measured based on the number of employees expected to accept the offer.
Termination benefits are payable whenever an employee\u2019s employment is terminated before
the normal retirement date or whenever an employee accepts voluntary redundancy in
exchange for those benefits.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-727": { "value": "
Note 17
Equity
Share capital
As at 31\u00a0December\u00a02025 , the Company has issued and fully paid 449,086,551 Shares
( 31\u00a0December\u00a02024 : 460,947,057 Shares and 31\u00a0December\u00a02023 : 459,200,818 Shares)
with\u00a0a\u00a0nominal value of \u20ac0.01 per share. Shares in issue have one voting right each
and\u00a0no\u00a0restrictions related to dividends or return of capital.
Number of\u00a0Shares
Share capital
millions
\u20ac million
As at 1 January 2023
457
5
Issuances of Shares
2
\u2014
Cancellation of Shares
\u2014
\u2014
As at 31 December 2023
459
5
Issuance of Shares
2
\u2014
Cancellation of Shares
\u2014
\u2014
As at 31 December 2024
461
5
Issuance of Shares
1
\u2014
Cancellation of Shares
(13)
\u2014
As at 31 December 2025
449
5
In 2025, the overall number of Shares decreased due to the cancellation of 12,718,173
Shares as part of the share buyback programme, partially offset by the issuance of 857,667
Shares in connection with the exercise of share-based payment awards. The number of
Shares increased in 2024 and 2023 following the issuance of 1,746,239 and 2,094,365
Shares, respectively, upon the exercise of share-based payment awards.
Share premium
The share premium account increased by cash received for the exercise of options
by\u00a0 \u20ac1\u00a0million in 2025 , \u20ac31 million in 2024 and \u20ac42 million in 2023.
Share buyback programme
In February 2025, the Group launched a share buyback programme of up to \u20ac1 billion
to\u00a0be\u00a0completed over a 12-month period. All Shares repurchased under the programme
were\u00a0subject to cancellation. As at 31\u00a0December\u00a02025, 12,718,173 Shares were repurchased
and cancelled. The total consideration paid for the repurchase of Shares during the year
ended 31\u00a0December\u00a02025, including transaction costs, approximated \u20ac1,006 million and
was recognised as a deduction from retained earnings. The 2025 share buyback
programme was completed as at 31\u00a0December\u00a02025.
No Shares were repurchased during\u00a0the year ended 31\u00a0December\u00a02024.
Treasury shares
In December 2024, Coca-Cola Europacific Partners plc Employee Benefit Trust (the Trust)
was established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its
existing and future share-based compensation plans. The Trust\u2019s operations are included in
the Group\u2019s consolidated financial statements.
CCEP Shares acquired in the market and held by the Trust are classified as treasury
shares\u00a0for accounting purposes. The book value of shares held is deducted from retained
earnings. As at 31\u00a0December\u00a02025, the total consideration of the Shares acquired by the
Trust of \u20ac33 million (31\u00a0December\u00a02024: \u20ac7 million), including directly attributable costs,
was deducted from retained earnings. As at 31\u00a0December\u00a02025, the Trust held 440,588
Shares (31\u00a0December\u00a02024: 92,564 and 31\u00a0December\u00a02023: nil) classified as treasury shares
for accounting purposes. The Shares held by the Trust are excluded from the calculation of
earnings per share (see\u00a0Note 5).
Dividends are waived on all Shares held with this classification by the Trust.
Merger reserves
The consideration transferred in relation to previous business acquisitions (CCIP and
CCEG) qualified for merger relief under the Companies Act. As\u00a0such, the excess
consideration transferred over nominal value of \u20ac287 million was required to be
excluded\u00a0from the share premium account and recorded to merger reserves.
Other reserves
The following table summarises the balances in other reserves (net of tax) as at the
dates\u00a0presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Cash flow hedge reserve
(21)
32
31
Net investment hedge reserve
197
197
197
Foreign currency translation adjustment
reserve
(1,678)
(1,059)
(974)
Reserve related to the acquisition of non-
controlling interests
(79)
(79)
(79)
Other reserves (A)
(4)
(3)
2
Total other reserves
(1,585)
(912)
(823)
(A) Other reserves relate to cost of hedging which represents forward point on spot designations, time value of
options and currency basis.
Movements, including the tax effects, in these accounts through to 31\u00a0December\u00a02025 are
included in the consolidated statement of comprehensive income or directly within the
consolidated statement of changes in equity.
Dividends
Dividends are recognised on the date that the shareholder\u2019s right to receive payment is
established. In respect of interim dividends, this is generally the date when the dividend
is\u00a0paid.
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
First half dividend(A)
363
340
308
Second half dividend(B)
560
567
533
Total dividend on ordinary shares paid
923
907
841
(A) Dividend of \u20ac0.79 per Share was paid in first half of 2025. Dividend of \u20ac0.74 per Share was paid in first half
of 2024. Dividend of \u20ac0.67 per Share was paid in first half of 2023.
(B) Dividend of \u20ac1.25 per Share was paid in second half of 2025. Dividend of \u20ac1.23 per Share was paid in second
half of 2024. Dividend of \u20ac1.17 per Share was paid in second half of 2023.
Additionally, dividends attributable to restricted stock units and performance share
units\u00a0that are unvested at the period end date are accrued accordingly. During 2025,
an\u00a0incremental dividend accrual of \u20ac3 million has been recognised (2024: \u20ac4\u00a0million;
2023:\u00a0\u20ac3 million). During 2025, the Group paid \u20ac4 million (2024: \u20ac3 million; 2023: \u20ac2 million)
of\u00a0dividends related to vested within the period restricted stock units and performance
share units.
Non-controlling interests
As at 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023 , equity attributable
to\u00a0non-controlling interests was \u20ac468\u00a0million, \u20ac496\u00a0million and nil, respectively.
CCEP Aboitiz Beverages Philippines, Inc. (CABPI) is the only subsidiary of the Group which
has a material non-controlling interest. The following table summarises the financial
information in relation to CABPI, prior to intragroup eliminations:
CABPI
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
NCI percentage
40%
40%
Non-current assets
1,859
2,007
Current assets
430
464
Non-current liabilities
(526)
(621)
Current liabilities
(592)
(614)
Net assets
1,171
1,236
Net assets attributable to non-controlling interest
468
494
Revenue
1,890
1,652
Profit after taxes
93
64
Other comprehensive income
(162)
1
Comprehensive income for the period
(69)
65
Comprehensive (loss)/ income attributable to non-
controlling interest
(28)
26
Net cash flows from operating activities
210
204
Net cash flows used in investing activities
(184)
(1,694)
Net cash flows from financing activities (dividends to NCI: nil)
(40)
1,521
Net increase in cash and cash equivalents
(14)
31
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-728": { "value": "
Share capital
As at 31\u00a0December\u00a02025 , the Company has issued and fully paid 449,086,551 Shares
( 31\u00a0December\u00a02024 : 460,947,057 Shares and 31\u00a0December\u00a02023 : 459,200,818 Shares)
with\u00a0a\u00a0nominal value of \u20ac0.01 per share. Shares in issue have one voting right each
and\u00a0no\u00a0restrictions related to dividends or return of capital.
Number of\u00a0Shares
Share capital
millions
\u20ac million
As at 1 January 2023
457
5
Issuances of Shares
2
\u2014
Cancellation of Shares
\u2014
\u2014
As at 31 December 2023
459
5
Issuance of Shares
2
\u2014
Cancellation of Shares
\u2014
\u2014
As at 31 December 2024
461
5
Issuance of Shares
1
\u2014
Cancellation of Shares
(13)
\u2014
As at 31 December 2025
449
5
In 2025, the overall number of Shares decreased due to the cancellation of 12,718,173
Shares as part of the share buyback programme, partially offset by the issuance of 857,667
Shares in connection with the exercise of share-based payment awards. The number of
Shares increased in 2024 and 2023 following the issuance of 1,746,239 and 2,094,365
Shares, respectively, upon the exercise of share-based payment awards.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-729": { "value": "
Share premium
The share premium account increased by cash received for the exercise of options
by\u00a0 \u20ac1\u00a0million in 2025 , \u20ac31 million in 2024 and \u20ac42 million in 2023.
Share buyback programme
In February 2025, the Group launched a share buyback programme of up to \u20ac1 billion
to\u00a0be\u00a0completed over a 12-month period. All Shares repurchased under the programme
were\u00a0subject to cancellation. As at 31\u00a0December\u00a02025, 12,718,173 Shares were repurchased
and cancelled. The total consideration paid for the repurchase of Shares during the year
ended 31\u00a0December\u00a02025, including transaction costs, approximated \u20ac1,006 million and
was recognised as a deduction from retained earnings. The 2025 share buyback
programme was completed as at 31\u00a0December\u00a02025.
No Shares were repurchased during\u00a0the year ended 31\u00a0December\u00a02024.
Treasury shares
In December 2024, Coca-Cola Europacific Partners plc Employee Benefit Trust (the Trust)
was established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its
existing and future share-based compensation plans. The Trust\u2019s operations are included in
the Group\u2019s consolidated financial statements.
CCEP Shares acquired in the market and held by the Trust are classified as treasury
shares\u00a0for accounting purposes. The book value of shares held is deducted from retained
earnings. As at 31\u00a0December\u00a02025, the total consideration of the Shares acquired by the
Trust of \u20ac33 million (31\u00a0December\u00a02024: \u20ac7 million), including directly attributable costs,
was deducted from retained earnings. As at 31\u00a0December\u00a02025, the Trust held 440,588
Shares (31\u00a0December\u00a02024: 92,564 and 31\u00a0December\u00a02023: nil) classified as treasury shares
for accounting purposes. The Shares held by the Trust are excluded from the calculation of
earnings per share (see\u00a0Note 5).
Dividends are waived on all Shares held with this classification by the Trust.
Merger reserves
The consideration transferred in relation to previous business acquisitions (CCIP and
CCEG) qualified for merger relief under the Companies Act. As\u00a0such, the excess
consideration transferred over nominal value of \u20ac287 million was required to be
excluded\u00a0from the share premium account and recorded to merger reserves.
Other reserves
The following table summarises the balances in other reserves (net of tax) as at the
dates\u00a0presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Cash flow hedge reserve
(21)
32
31
Net investment hedge reserve
197
197
197
Foreign currency translation adjustment
reserve
(1,678)
(1,059)
(974)
Reserve related to the acquisition of non-
controlling interests
(79)
(79)
(79)
Other reserves (A)
(4)
(3)
2
Total other reserves
(1,585)
(912)
(823)
(A) Other reserves relate to cost of hedging which represents forward point on spot designations, time value of
options and currency basis.
Movements, including the tax effects, in these accounts through to 31\u00a0December\u00a02025 are
included in the consolidated statement of comprehensive income or directly within the
consolidated statement of changes in equity.
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-730": { "value": "
Treasury shares
In December 2024, Coca-Cola Europacific Partners plc Employee Benefit Trust (the Trust)
was established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its
existing and future share-based compensation plans. The Trust\u2019s operations are included in
the Group\u2019s consolidated financial statements.
CCEP Shares acquired in the market and held by the Trust are classified as treasury
shares\u00a0for accounting purposes. The book value of shares held is deducted from retained
earnings. As at 31\u00a0December\u00a02025, the total consideration of the Shares acquired by the
Trust of \u20ac33 million (31\u00a0December\u00a02024: \u20ac7 million), including directly attributable costs,
was deducted from retained earnings. As at 31\u00a0December\u00a02025, the Trust held 440,588
Shares (31\u00a0December\u00a02024: 92,564 and 31\u00a0December\u00a02023: nil) classified as treasury shares
for accounting purposes. The Shares held by the Trust are excluded from the calculation of
earnings per share (see\u00a0Note 5).
Dividends are waived on all Shares held with this classification by the Trust.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-732": { "value": "
Dividends
Dividends are recognised on the date that the shareholder\u2019s right to receive payment is
established. In respect of interim dividends, this is generally the date when the dividend
is\u00a0paid.
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
First half dividend(A)
363
340
308
Second half dividend(B)
560
567
533
Total dividend on ordinary shares paid
923
907
841
(A) Dividend of \u20ac0.79 per Share was paid in first half of 2025. Dividend of \u20ac0.74 per Share was paid in first half
of 2024. Dividend of \u20ac0.67 per Share was paid in first half of 2023.
(B) Dividend of \u20ac1.25 per Share was paid in second half of 2025. Dividend of \u20ac1.23 per Share was paid in second
half of 2024. Dividend of \u20ac1.17 per Share was paid in second half of 2023.
Additionally, dividends attributable to restricted stock units and performance share
units\u00a0that are unvested at the period end date are accrued accordingly. During 2025,
an\u00a0incremental dividend accrual of \u20ac3 million has been recognised (2024: \u20ac4\u00a0million;
2023:\u00a0\u20ac3 million). During 2025, the Group paid \u20ac4 million (2024: \u20ac3 million; 2023: \u20ac2 million)
of\u00a0dividends related to vested within the period restricted stock units and performance
share units.", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-731": { "value": "
Dividends
Dividends are recognised on the date that the shareholder\u2019s right to receive payment is
established. In respect of interim dividends, this is generally the date when the dividend
is\u00a0paid.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-733": { "value": "0.79", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-734": { "value": "0.74", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-01-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-735": { "value": "0.67", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-01-01T00:00:00/2023-07-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-736": { "value": "1.25", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-07-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-737": { "value": "1.23", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2024-07-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-738": { "value": "1.17", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2023-07-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-739": { "value": "
Non-controlling interests
As at 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023 , equity attributable
to\u00a0non-controlling interests was \u20ac468\u00a0million, \u20ac496\u00a0million and nil, respectively.
CCEP Aboitiz Beverages Philippines, Inc. (CABPI) is the only subsidiary of the Group which
has a material non-controlling interest. The following table summarises the financial
information in relation to CABPI, prior to intragroup eliminations:
CABPI
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
NCI percentage
40%
40%
Non-current assets
1,859
2,007
Current assets
430
464
Non-current liabilities
(526)
(621)
Current liabilities
(592)
(614)
Net assets
1,171
1,236
Net assets attributable to non-controlling interest
468
494
Revenue
1,890
1,652
Profit after taxes
93
64
Other comprehensive income
(162)
1
Comprehensive income for the period
(69)
65
Comprehensive (loss)/ income attributable to non-
controlling interest
(28)
26
Net cash flows from operating activities
210
204
Net cash flows used in investing activities
(184)
(1,694)
Net cash flows from financing activities (dividends to NCI: nil)
(40)
1,521
Net increase in cash and cash equivalents
(14)
31
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-744": { "value": "
Note 18
Total operating costs
The following tables summarise the significant cost items by nature within operating costs
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Transportation costs(A)
1,032
1,023
958
Employee benefits
1,164
1,189
1,116
Depreciation of property, plant and
equipment, excluding restructuring
262
252
236
Amortisation of intangible assets
1
1
6
Restructuring charges, including
accelerated depreciation (B)
1
2
\u2014
Impairment losses (C)
\u2014
6
\u2014
Other selling and distribution expenses
889
872
862
Total selling and distribution expenses
3,349
3,345
3,178
Transportation costs(A)
4
4
3
Employee benefits
631
615
608
Depreciation of property, plant and
equipment, excluding restructuring
88
86
93
Amortisation of intangible assets
151
179
130
Acquisition-related costs (D)
6
14
12
Restructuring charges, including
accelerated depreciation (B)
96
252
85
Impairment losses (C)
\u2014
129
\u2014
Other administrative expenses
426
455
379
Total administrative expenses
1,402
1,734
1,310
Total operating expenses
4,751
5,079
4,488
(A) Transportation costs include warehousing and delivery costs to the final customer destination.
They\u00a0exclude depreciation and amortisation.
(B) See restructuring costs table.
(C) Expenses recognised in relation to the impairment of the Group\u2019s Indonesia cash generating unit and the
impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
(D) Costs associated with the acquisition and integration of CCBPI.
Year ended 31 December
2025
2024
2023
Restructuring costs
\u20ac million
\u20ac million
\u20ac million
Increase in provision for restructuring
programmes ( Note 23)
74
219
78
Amount of provision unused (Note 23 )
(7)
(9)
(10)
Accelerated depreciation and non-cash
costs
6
29
11
Other cash costs (A)
32
25
15
Total restructuring costs
105
264
94
Restructuring costs by function:
Cost of sales
8
10
9
Selling and distribution expenses
1
2
\u2014
Administrative expenses
96
252
85
(A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and
other costs directly associated with restructuring.
Restructuring costs charged in arriving at operating profit for the years presented, include
restructuring costs arising under the following programmes and initiatives.
In November 2022, the Group announced a new efficiency programme to be delivered by
the end of 2028. This programme focuses on further supply chain efficiencies, leveraging
global procurement and a more integrated shared service centre model, all enabled by
next generation technology including digital tools and data and analytics.
During 2025, as part of this efficiency programme, the Group announced restructuring
proposals resulting in \u20ac105 million of recognised costs primarily related to expected
severance payments. The restructuring spend is attributable to various initiatives
implemented across different markets aiming to enhance efficiency and productivity.
Note 23
Provisions, contingencies and commitments
Provisions are recognised when the Group has a present obligation (legal or constructive)
as a result of a past event, it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. When some or all of a provision is expected to be reimbursed,
the\u00a0reimbursement is recognised as a separate asset, but only when the reimbursement
is\u00a0virtually certain. The expense relating to a provision is presented in the consolidated
income statement , net of any reimbursement.
Asset retirement obligations are estimated at the inception of a lease or contract, for
which a liability is recognised. A corresponding asset is also created and depreciated.
If the effect of the time value of money is material, provisions are discounted using
a\u00a0current pre-tax rate that reflects, when appropriate, the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time is
recognised as a finance cost.
Provisions
The following table summarises the movement in each class of provision for the periods
presented:
Restructuring
provision
Decommissioning
provision
Other provisions(A)
Total
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 31 December 2023
116
15
28
159
Acquisition of CCBPI
3
\u2014
55
58
Charged/(credited) to profit or
loss:
Additional provisions
recognised
219
1
10
230
Unused amounts reversed
(9)
\u2014
(1)
(10)
Utilised during the period
(80)
\u2014
(8)
(88)
Translation
1
\u2014
\u2014
1
As at 31 December 2024
250
16
84
350
Charged/(credited) to profit or
loss:
Additional provisions
recognised
74
2
8
84
Unused amounts reversed(B)
(7)
\u2014
(33)
(40)
Utilised during the period
(181)
\u2014
(9)
(190)
Translation
(1)
\u2014
(7)
(8)
As at 31 December 2025
135
18
43
196
Non-current
23
18
15
56
Current
112
\u2014
28
140
As at 31 December 2025
135
18
43
196
(A) Other provisions primarily relate to legal reserves, which are not considered material to the consolidated
financial statements.
(B) The reversal of unused amounts primarily reflects a reduction in the provision previously recognised in
relation to an ongoing labour law matter in Germany. Based on the latest assessment, no future cash
outflows are expected in connection with this matter.
Restructuring provision
Restructuring provisions are recognised only when the Group has a constructive obligation,
which\u00a0is when a detailed formal plan identifies the business or part of the business
concerned, the location and number of employees affected, a detailed estimate of the
associated costs and\u00a0an appropriate timeline, and the employees affected have been
notified of the plan\u2019s main features. These provisions are expected to be resolved by the
time the related programme is\u00a0substantively complete.
Refer to Note 18 for further details regarding our restructuring programmes.
Decommissioning provisions
Decommissioning liabilities relate to contractual or legal obligations to pay for asset
retirement costs. The liabilities represent both the reinstatement obligations when the
Group is contractually obligated to pay for the cost of retiring leased buildings and the
costs for collection, treatment, reuse, recovery and environmentally sound disposal of
cold drink equipment. Specific to cold drink equipment obligations, the Group is subject
to,\u00a0and operates in\u00a0accordance with, the EU Directive on Waste from Electrical and
Electronic Equipment (WEEE). Under the WEEE, companies that put electrical and
electronic\u00a0equipment (such as cold drink equipment) on the EU market are responsible
for\u00a0the costs of collection, treatment, recovery and disposal of their own products.
Where\u00a0applicable, the WEEE provision estimate is calculated using assumptions, including
disposal cost per unit, average equipment age and the inflation rate, to determine
the\u00a0appropriate accrual amount.
The period over which the decommissioning liabilities on leased buildings and cold drink
equipment will be settled ranges from 1 to 26 years and 1 to 8 years, respectively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-743": { "value": "
Note 18
Total operating costs
The following tables summarise the significant cost items by nature within operating costs
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Transportation costs(A)
1,032
1,023
958
Employee benefits
1,164
1,189
1,116
Depreciation of property, plant and
equipment, excluding restructuring
262
252
236
Amortisation of intangible assets
1
1
6
Restructuring charges, including
accelerated depreciation (B)
1
2
\u2014
Impairment losses (C)
\u2014
6
\u2014
Other selling and distribution expenses
889
872
862
Total selling and distribution expenses
3,349
3,345
3,178
Transportation costs(A)
4
4
3
Employee benefits
631
615
608
Depreciation of property, plant and
equipment, excluding restructuring
88
86
93
Amortisation of intangible assets
151
179
130
Acquisition-related costs (D)
6
14
12
Restructuring charges, including
accelerated depreciation (B)
96
252
85
Impairment losses (C)
\u2014
129
\u2014
Other administrative expenses
426
455
379
Total administrative expenses
1,402
1,734
1,310
Total operating expenses
4,751
5,079
4,488
(A) Transportation costs include warehousing and delivery costs to the final customer destination.
They\u00a0exclude depreciation and amortisation.
(B) See restructuring costs table.
(C) Expenses recognised in relation to the impairment of the Group\u2019s Indonesia cash generating unit and the
impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
(D) Costs associated with the acquisition and integration of CCBPI.
Year ended 31 December
2025
2024
2023
Restructuring costs
\u20ac million
\u20ac million
\u20ac million
Increase in provision for restructuring
programmes ( Note 23)
74
219
78
Amount of provision unused (Note 23 )
(7)
(9)
(10)
Accelerated depreciation and non-cash
costs
6
29
11
Other cash costs (A)
32
25
15
Total restructuring costs
105
264
94
Restructuring costs by function:
Cost of sales
8
10
9
Selling and distribution expenses
1
2
\u2014
Administrative expenses
96
252
85
(A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and
other costs directly associated with restructuring.
Restructuring costs charged in arriving at operating profit for the years presented, include
restructuring costs arising under the following programmes and initiatives.
In November 2022, the Group announced a new efficiency programme to be delivered by
the end of 2028. This programme focuses on further supply chain efficiencies, leveraging
global procurement and a more integrated shared service centre model, all enabled by
next generation technology including digital tools and data and analytics.
During 2025, as part of this efficiency programme, the Group announced restructuring
proposals resulting in \u20ac105 million of recognised costs primarily related to expected
severance payments. The restructuring spend is attributable to various initiatives
implemented across different markets aiming to enhance efficiency and productivity.
Staff costs
Staff costs included within the income statement were as follows:
Year ended 31 December
2025
2024
2023
Employee costs
\u20ac million
\u20ac million
\u20ac million
Wages and salaries
1,970
1,993
1,841
Social security costs
383
367
339
Pension and other employee benefits
270
264
253
Total employee costs
2,623
2,624
2,433
Directors\u2019 remuneration information is disclosed in the Directors\u2019 remuneration report.
Auditor\u2019s remuneration
Audit and other fees charged in the income statement concerning the statutory auditor of
the consolidated financial statements, Ernst & Young LLP, were as follows:
Year ended 31 December
2025
2024
2023
\u20ac thousand
\u20ac thousand
\u20ac thousand
Audit of Parent Company and consolidated
financial statements
6,447
4,672
3,759
Audit of the Company\u2019s subsidiaries
6,230
7,151
6,269
Total audit
12,677
11,823
10,028
Audit-related assurance services (A)
979
1,067
1,019
Other assurance services (B)
1,603
1,540
717
Total audit and audit-related assurance services
15,259
14,430
11,764
All other services
4
4
36
Total non-audit or non-audit-related assurance
services
4
4
36
Total audit and all other fees
15,263
14,434
11,800
(A) Includes professional fees for interim reviews, reporting on internal financial controls, and other services
required to be performed by an auditor.
(B) Includes professional fees for services permitted, but not required, to be performed by an auditor.
Primarily comprised of fees in relation to the sustainability statement.
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-742": { "value": "
Note 18
Total operating costs
The following tables summarise the significant cost items by nature within operating costs
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Transportation costs(A)
1,032
1,023
958
Employee benefits
1,164
1,189
1,116
Depreciation of property, plant and
equipment, excluding restructuring
262
252
236
Amortisation of intangible assets
1
1
6
Restructuring charges, including
accelerated depreciation (B)
1
2
\u2014
Impairment losses (C)
\u2014
6
\u2014
Other selling and distribution expenses
889
872
862
Total selling and distribution expenses
3,349
3,345
3,178
Transportation costs(A)
4
4
3
Employee benefits
631
615
608
Depreciation of property, plant and
equipment, excluding restructuring
88
86
93
Amortisation of intangible assets
151
179
130
Acquisition-related costs (D)
6
14
12
Restructuring charges, including
accelerated depreciation (B)
96
252
85
Impairment losses (C)
\u2014
129
\u2014
Other administrative expenses
426
455
379
Total administrative expenses
1,402
1,734
1,310
Total operating expenses
4,751
5,079
4,488
(A) Transportation costs include warehousing and delivery costs to the final customer destination.
They\u00a0exclude depreciation and amortisation.
(B) See restructuring costs table.
(C) Expenses recognised in relation to the impairment of the Group\u2019s Indonesia cash generating unit and the
impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
(D) Costs associated with the acquisition and integration of CCBPI.
Year ended 31 December
2025
2024
2023
Restructuring costs
\u20ac million
\u20ac million
\u20ac million
Increase in provision for restructuring
programmes ( Note 23)
74
219
78
Amount of provision unused (Note 23 )
(7)
(9)
(10)
Accelerated depreciation and non-cash
costs
6
29
11
Other cash costs (A)
32
25
15
Total restructuring costs
105
264
94
Restructuring costs by function:
Cost of sales
8
10
9
Selling and distribution expenses
1
2
\u2014
Administrative expenses
96
252
85
(A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and
other costs directly associated with restructuring.
Restructuring costs charged in arriving at operating profit for the years presented, include
restructuring costs arising under the following programmes and initiatives.
In November 2022, the Group announced a new efficiency programme to be delivered by
the end of 2028. This programme focuses on further supply chain efficiencies, leveraging
global procurement and a more integrated shared service centre model, all enabled by
next generation technology including digital tools and data and analytics.
During 2025, as part of this efficiency programme, the Group announced restructuring
proposals resulting in \u20ac105 million of recognised costs primarily related to expected
severance payments. The restructuring spend is attributable to various initiatives
implemented across different markets aiming to enhance efficiency and productivity.
Staff costs
Staff costs included within the income statement were as follows:
Year ended 31 December
2025
2024
2023
Employee costs
\u20ac million
\u20ac million
\u20ac million
Wages and salaries
1,970
1,993
1,841
Social security costs
383
367
339
Pension and other employee benefits
270
264
253
Total employee costs
2,623
2,624
2,433
Directors\u2019 remuneration information is disclosed in the Directors\u2019 remuneration report.
Auditor\u2019s remuneration
Audit and other fees charged in the income statement concerning the statutory auditor of
the consolidated financial statements, Ernst & Young LLP, were as follows:
Year ended 31 December
2025
2024
2023
\u20ac thousand
\u20ac thousand
\u20ac thousand
Audit of Parent Company and consolidated
financial statements
6,447
4,672
3,759
Audit of the Company\u2019s subsidiaries
6,230
7,151
6,269
Total audit
12,677
11,823
10,028
Audit-related assurance services (A)
979
1,067
1,019
Other assurance services (B)
1,603
1,540
717
Total audit and audit-related assurance services
15,259
14,430
11,764
All other services
4
4
36
Total non-audit or non-audit-related assurance
services
4
4
36
Total audit and all other fees
15,263
14,434
11,800
(A) Includes professional fees for interim reviews, reporting on internal financial controls, and other services
required to be performed by an auditor.
(B) Includes professional fees for services permitted, but not required, to be performed by an auditor.
Primarily comprised of fees in relation to the sustainability statement.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-741": { "value": "
Note 18
Total operating costs
The following tables summarise the significant cost items by nature within operating costs
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Transportation costs(A)
1,032
1,023
958
Employee benefits
1,164
1,189
1,116
Depreciation of property, plant and
equipment, excluding restructuring
262
252
236
Amortisation of intangible assets
1
1
6
Restructuring charges, including
accelerated depreciation (B)
1
2
\u2014
Impairment losses (C)
\u2014
6
\u2014
Other selling and distribution expenses
889
872
862
Total selling and distribution expenses
3,349
3,345
3,178
Transportation costs(A)
4
4
3
Employee benefits
631
615
608
Depreciation of property, plant and
equipment, excluding restructuring
88
86
93
Amortisation of intangible assets
151
179
130
Acquisition-related costs (D)
6
14
12
Restructuring charges, including
accelerated depreciation (B)
96
252
85
Impairment losses (C)
\u2014
129
\u2014
Other administrative expenses
426
455
379
Total administrative expenses
1,402
1,734
1,310
Total operating expenses
4,751
5,079
4,488
(A) Transportation costs include warehousing and delivery costs to the final customer destination.
They\u00a0exclude depreciation and amortisation.
(B) See restructuring costs table.
(C) Expenses recognised in relation to the impairment of the Group\u2019s Indonesia cash generating unit and the
impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
(D) Costs associated with the acquisition and integration of CCBPI.
Year ended 31 December
2025
2024
2023
Restructuring costs
\u20ac million
\u20ac million
\u20ac million
Increase in provision for restructuring
programmes ( Note 23)
74
219
78
Amount of provision unused (Note 23 )
(7)
(9)
(10)
Accelerated depreciation and non-cash
costs
6
29
11
Other cash costs (A)
32
25
15
Total restructuring costs
105
264
94
Restructuring costs by function:
Cost of sales
8
10
9
Selling and distribution expenses
1
2
\u2014
Administrative expenses
96
252
85
(A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and
other costs directly associated with restructuring.
Restructuring costs charged in arriving at operating profit for the years presented, include
restructuring costs arising under the following programmes and initiatives.
In November 2022, the Group announced a new efficiency programme to be delivered by
the end of 2028. This programme focuses on further supply chain efficiencies, leveraging
global procurement and a more integrated shared service centre model, all enabled by
next generation technology including digital tools and data and analytics.
During 2025, as part of this efficiency programme, the Group announced restructuring
proposals resulting in \u20ac105 million of recognised costs primarily related to expected
severance payments. The restructuring spend is attributable to various initiatives
implemented across different markets aiming to enhance efficiency and productivity.
Staff costs
Staff costs included within the income statement were as follows:
Year ended 31 December
2025
2024
2023
Employee costs
\u20ac million
\u20ac million
\u20ac million
Wages and salaries
1,970
1,993
1,841
Social security costs
383
367
339
Pension and other employee benefits
270
264
253
Total employee costs
2,623
2,624
2,433
Directors\u2019 remuneration information is disclosed in the Directors\u2019 remuneration report.
Auditor\u2019s remuneration
Audit and other fees charged in the income statement concerning the statutory auditor of
the consolidated financial statements, Ernst & Young LLP, were as follows:
Year ended 31 December
2025
2024
2023
\u20ac thousand
\u20ac thousand
\u20ac thousand
Audit of Parent Company and consolidated
financial statements
6,447
4,672
3,759
Audit of the Company\u2019s subsidiaries
6,230
7,151
6,269
Total audit
12,677
11,823
10,028
Audit-related assurance services (A)
979
1,067
1,019
Other assurance services (B)
1,603
1,540
717
Total audit and audit-related assurance services
15,259
14,430
11,764
All other services
4
4
36
Total non-audit or non-audit-related assurance
services
4
4
36
Total audit and all other fees
15,263
14,434
11,800
(A) Includes professional fees for interim reviews, reporting on internal financial controls, and other services
required to be performed by an auditor.
(B) Includes professional fees for services permitted, but not required, to be performed by an auditor.
Primarily comprised of fees in relation to the sustainability statement.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-740": { "value": "
Note 18
Total operating costs
The following tables summarise the significant cost items by nature within operating costs
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Transportation costs(A)
1,032
1,023
958
Employee benefits
1,164
1,189
1,116
Depreciation of property, plant and
equipment, excluding restructuring
262
252
236
Amortisation of intangible assets
1
1
6
Restructuring charges, including
accelerated depreciation (B)
1
2
\u2014
Impairment losses (C)
\u2014
6
\u2014
Other selling and distribution expenses
889
872
862
Total selling and distribution expenses
3,349
3,345
3,178
Transportation costs(A)
4
4
3
Employee benefits
631
615
608
Depreciation of property, plant and
equipment, excluding restructuring
88
86
93
Amortisation of intangible assets
151
179
130
Acquisition-related costs (D)
6
14
12
Restructuring charges, including
accelerated depreciation (B)
96
252
85
Impairment losses (C)
\u2014
129
\u2014
Other administrative expenses
426
455
379
Total administrative expenses
1,402
1,734
1,310
Total operating expenses
4,751
5,079
4,488
(A) Transportation costs include warehousing and delivery costs to the final customer destination.
They\u00a0exclude depreciation and amortisation.
(B) See restructuring costs table.
(C) Expenses recognised in relation to the impairment of the Group\u2019s Indonesia cash generating unit and the
impairment of the Feral brand, which was sold during the year ended 31\u00a0December\u00a02024.
(D) Costs associated with the acquisition and integration of CCBPI.
Year ended 31 December
2025
2024
2023
Restructuring costs
\u20ac million
\u20ac million
\u20ac million
Increase in provision for restructuring
programmes ( Note 23)
74
219
78
Amount of provision unused (Note 23 )
(7)
(9)
(10)
Accelerated depreciation and non-cash
costs
6
29
11
Other cash costs (A)
32
25
15
Total restructuring costs
105
264
94
Restructuring costs by function:
Cost of sales
8
10
9
Selling and distribution expenses
1
2
\u2014
Administrative expenses
96
252
85
(A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and
other costs directly associated with restructuring.
Restructuring costs charged in arriving at operating profit for the years presented, include
restructuring costs arising under the following programmes and initiatives.
In November 2022, the Group announced a new efficiency programme to be delivered by
the end of 2028. This programme focuses on further supply chain efficiencies, leveraging
global procurement and a more integrated shared service centre model, all enabled by
next generation technology including digital tools and data and analytics.
During 2025, as part of this efficiency programme, the Group announced restructuring
proposals resulting in \u20ac105 million of recognised costs primarily related to expected
severance payments. The restructuring spend is attributable to various initiatives
implemented across different markets aiming to enhance efficiency and productivity.
Staff costs
Staff costs included within the income statement were as follows:
Year ended 31 December
2025
2024
2023
Employee costs
\u20ac million
\u20ac million
\u20ac million
Wages and salaries
1,970
1,993
1,841
Social security costs
383
367
339
Pension and other employee benefits
270
264
253
Total employee costs
2,623
2,624
2,433
Directors\u2019 remuneration information is disclosed in the Directors\u2019 remuneration report.
Auditor\u2019s remuneration
Audit and other fees charged in the income statement concerning the statutory auditor of
the consolidated financial statements, Ernst & Young LLP, were as follows:
Year ended 31 December
2025
2024
2023
\u20ac thousand
\u20ac thousand
\u20ac thousand
Audit of Parent Company and consolidated
financial statements
6,447
4,672
3,759
Audit of the Company\u2019s subsidiaries
6,230
7,151
6,269
Total audit
12,677
11,823
10,028
Audit-related assurance services (A)
979
1,067
1,019
Other assurance services (B)
1,603
1,540
717
Total audit and audit-related assurance services
15,259
14,430
11,764
All other services
4
4
36
Total non-audit or non-audit-related assurance
services
4
4
36
Total audit and all other fees
15,263
14,434
11,800
(A) Includes professional fees for interim reviews, reporting on internal financial controls, and other services
required to be performed by an auditor.
(B) Includes professional fees for services permitted, but not required, to be performed by an auditor.
Primarily comprised of fees in relation to the sustainability statement.
Note 24
Other income
Other income for the year ended 31\u00a0December\u00a02025 totalled \u20ac104\u00a0million
(31\u00a0December\u00a02024 : nil; 31\u00a0December\u00a02023 : \u20ac107\u00a0million).
During 2025, the Group recognised \u20ac30\u00a0million of other income related to additional
consideration received from the sale of a property in Germany, and \u20ac74\u00a0million of other
income related to gains on the sales of properties in Germany and Great Britain.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-745": { "value": "
Staff costs
The average number of persons employed by the Group (including Directors) for the
periods presented were as\u00a0follows:
2025
2024
2023
No. in thousands
No. in thousands
No. in thousands
Commercial
11.9
13.0
11.6
Supply chain
23.9
23.9
17.1
Support functions
4.3
4.4
4.1
Total average staff employed
40.1
41.3
32.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-746": { "value": "
Auditor\u2019s remuneration
Audit and other fees charged in the income statement concerning the statutory auditor of
the consolidated financial statements, Ernst & Young LLP, were as follows:
Year ended 31 December
2025
2024
2023
\u20ac thousand
\u20ac thousand
\u20ac thousand
Audit of Parent Company and consolidated
financial statements
6,447
4,672
3,759
Audit of the Company\u2019s subsidiaries
6,230
7,151
6,269
Total audit
12,677
11,823
10,028
Audit-related assurance services (A)
979
1,067
1,019
Other assurance services (B)
1,603
1,540
717
Total audit and audit-related assurance services
15,259
14,430
11,764
All other services
4
4
36
Total non-audit or non-audit-related assurance
services
4
4
36
Total audit and all other fees
15,263
14,434
11,800
(A) Includes professional fees for interim reviews, reporting on internal financial controls, and other services
required to be performed by an auditor.
(B) Includes professional fees for services permitted, but not required, to be performed by an auditor.
Primarily comprised of fees in relation to the sustainability statement.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-749": { "value": "
Note 19
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
The following table summarises net finance costs for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest income (A)
103
85
65
Interest expense on external debt (A)
(274)
(242)
(162)
Other finance costs (B)
(32)
(30)
(23)
Total finance costs, net
(203)
(187)
(120)
(A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest
rate\u00a0swaps. Cross currency swaps and interest rate swaps income totalled \u20ac36 million, \u20ac45 million
and \u20ac47 million in 2025, 2024 and 2023, respectively. Cross currency swaps and interest rate swaps
expense totalled \u20ac56 million, \u20ac77 million and \u20ac67 million in 2025, 2024 and 2023 , respectively.
Refer\u00a0to\u00a0Note 13 for further details.
(B) Other finance costs principally include amortisation of the discount on external debt and interest
on\u00a0leases.", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-748": { "value": "
Note 19
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
The following table summarises net finance costs for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest income (A)
103
85
65
Interest expense on external debt (A)
(274)
(242)
(162)
Other finance costs (B)
(32)
(30)
(23)
Total finance costs, net
(203)
(187)
(120)
(A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest
rate\u00a0swaps. Cross currency swaps and interest rate swaps income totalled \u20ac36 million, \u20ac45 million
and \u20ac47 million in 2025, 2024 and 2023, respectively. Cross currency swaps and interest rate swaps
expense totalled \u20ac56 million, \u20ac77 million and \u20ac67 million in 2025, 2024 and 2023 , respectively.
Refer\u00a0to\u00a0Note 13 for further details.
(B) Other finance costs principally include amortisation of the discount on external debt and interest
on\u00a0leases.", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-747": { "value": "
Note 19
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
The following table summarises net finance costs for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Interest income (A)
103
85
65
Interest expense on external debt (A)
(274)
(242)
(162)
Other finance costs (B)
(32)
(30)
(23)
Total finance costs, net
(203)
(187)
(120)
(A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest
rate\u00a0swaps. Cross currency swaps and interest rate swaps income totalled \u20ac36 million, \u20ac45 million
and \u20ac47 million in 2025, 2024 and 2023, respectively. Cross currency swaps and interest rate swaps
expense totalled \u20ac56 million, \u20ac77 million and \u20ac67 million in 2025, 2024 and 2023 , respectively.
Refer\u00a0to\u00a0Note 13 for further details.
(B) Other finance costs principally include amortisation of the discount on external debt and interest
on\u00a0leases.", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-752": { "value": "
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-751": { "value": "
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-750": { "value": "
Finance costs
Finance costs are recognised in the consolidated income statement in the period in which
they are incurred, with the exception of general and specific borrowing costs directly
attributable to the acquisition, construction or production of qualifying assets. Qualifying
assets are assets that necessarily take a substantial period of time to get ready for their
intended use or sale. Borrowing costs relating to such assets are capitalised as part of the
asset\u2019s cost until the asset is substantially ready for its intended use or sale. All other
borrowing costs are recognised within the consolidated income statement in the period in
which they are incurred based upon the effective interest rate method. Interest income is
recognised using the effective interest rate method.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-753": { "value": "
Note 20
Related party transactions
For the purpose of these consolidated financial statements, transactions with related
parties mainly comprise transactions between subsidiaries of the Group and the related
parties of the Group.
Transactions with entities with significant influence over the Group
Transactions with TCCC
TCCC has significant influence over the Group, as defined by IAS 24 - Related Party
Disclosures. As at 31\u00a0December\u00a02025 , 17.59% of the total outstanding Shares of the Group
were owned by European Refreshments, a\u00a0wholly owned subsidiary of TCCC. The Group is a
key bottler of TCCC products and has entered into bottling agreements with TCCC to make,
sell and distribute products of TCCC within the Group\u2019s territories. The Group purchases
concentrate from TCCC and also receives marketing funding to help promote the sale of
TCCC products. The\u00a0Group\u2019s agreements with TCCC in each territory are for an initial term
of 10 years and may be renewed for successive terms of 10 years . Additionally, two\u00a0of the
Group\u2019s 17 Directors are nominated by\u00a0TCCC.
The Group and TCCC engage in a variety of marketing programmes to promote the sale of
TCCC products in territories in which the Group operates. The Group and TCCC operate
under an incidence based concentrate pricing model and funding programme across most
territories, the terms of which are tied to the bottling agreements. In certain APS territories,
the\u00a0Group operates under a fixed price model with marketing rebates and support.
TCCC makes discretionary marketing contributions under shared marketing agreements
to\u00a0CCEP\u2019s operating subsidiaries. Amounts to be paid to the Group by TCCC under the
programmes are generally determined annually and are periodically reassessed as the
programmes progress. Under the bottling agreements, TCCC is under no obligation to
participate in the programmes or continue past levels of funding in the future. The amounts
paid and terms of similar programmes with other franchises may differ.
Marketing support funding programmes granted to the Group provide financial support
principally based on product sales or on the completion of stated requirements and are
intended to offset a portion of the costs of the programmes.
Payments from TCCC for marketing programmes to promote the sale of products are
classified as a reduction in cost of sales, unless the presumption that the payment is a
reduction in the price of the franchisors\u2019 products can be overcome. Payments for
marketing programmes are recognised as product is sold.
The following table summarises the transactions with TCCC that directly impacted the
consolidated income statement for the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Amounts affecting revenue (A)
147
149
140
Amounts affecting cost of sales (B)
(4,543)
(4,427)
(3,964)
Amounts affecting operating expenses (C)
26
4
25
Amounts affecting finance costs, net (D)
1
2
4
Total net amount affecting
the\u00a0consolidated\u00a0income\u00a0statement
(4,369)
(4,272)
(3,795)
(A) Amounts principally relate to fountain syrup and packaged product sales.
(B) Amounts principally relate to the purchase of concentrate, syrup, mineral water and juice, as well as
funding for marketing programmes.
(C) Amounts principally relate to certain costs associated with new product development initiatives and
reimbursement of certain marketing expenses.
(D) Amounts relate to bank fee recharges for bank guarantees.
The following table summarises the transactions with TCCC that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from TCCC
92
76
Amounts payable to TCCC
289
320
Terms and conditions of transactions with TCCC
Outstanding balances on transactions with TCCC are unsecured, interest free and
generally settled in cash. Receivables from TCCC are considered to be fully recoverable.
Transactions with Cobega companies
Cobega, S.A. (Cobega) has significant influence over the Group, as defined by IAS 24 -
Related Party Disclosures. As at 31\u00a0December\u00a02025, 21.26% of the total outstanding Shares
of the Group were indirectly owned by Cobega through its ownership interest in Olive
Partners, S.A. Additionally, five of the Group\u2019s 17 Directors, including the Chairman,
are\u00a0nominated by Olive\u00a0Partners, three of whom are affiliated with Cobega.
The principal transactions with Cobega are for the purchase of packaging materials
and\u00a0maintenance services for vending machines. The following table summarises the
transactions with Cobega that directly impacted the consolidated income statement
for\u00a0the years presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Amounts affecting revenue (A)
1
1
1
Amounts affecting cost of sales (B)
(65)
(67)
(69)
Amounts affecting operating expenses (C)
(4)
(12)
(18)
Total net amount affecting
the\u00a0consolidated\u00a0income\u00a0statement
(68)
(78)
(86)
(A) Amounts principally relate to packaged product sales.
(B) Amounts principally relate to the purchase of packaging materials.
(C) Amounts principally relate to maintenance and repair services and transportation.
The following table summarises the transactions with Cobega that impacted the
consolidated statement of financial position for the periods presented:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from Cobega
7
7
Amounts payable to Cobega
20
32
Terms and conditions of transactions with Cobega
Outstanding balances on transactions with Cobega are unsecured, interest free and
generally settled in cash. Receivables from Cobega are considered to be fully recoverable.
Other related parties
Transactions with associates, joint ventures and other related parties
Joint venture investments relate to interests in a service provider supporting the operation
of container refund schemes in certain Australian states and a PET recycling plant in
Indonesia.
Associate investments relate to interests in deposit scheme coordinators and a holding
company of container deposit schemes in certain Australian states and territories.
Associate investments also include the Group\u2019s equity interests in early stage development
companies as part of CCEP Ventures. In addition, the Group maintains an associate
investment in a recycling facility located in the Philippines.
Other related parties include coordinators of container deposit schemes in certain
Australian states over which significant influence is held.
Certain defined benefit plan entities meet the definition of related parties. During 2025, the
Group contributed \u20ac31 million (2024: \u20ac14 million) to these retirement benefit arrangements.
The following table summarises the transactions with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Net amounts affecting consolidated income
statement \u2013 associates (A)
(74)
(66)
(68)
Net amounts affecting consolidated income
statement \u2013 joint ventures (A),(B)
(6)
(56)
(28)
Net amounts affecting consolidated income
statement \u2013 other related parties (A)
(143)
(86)
(85)
Total net amount affecting
the\u00a0consolidated\u00a0income statement
(223)
(208)
(181)
(A) Amounts relate to container deposit scheme charges.
(B) Amounts relate to the purchase of certain raw materials.
The following table summarises the balances with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from associates
\u2014
6
Amounts payable to associates
13
2
Amounts payable to joint ventures
\u2014
9
Amounts payable to other related parties
19
10
Terms and conditions of transactions with associates, joint ventures and other related parties
Outstanding balances on transactions are unsecured, interest free and generally settled
in\u00a0cash. Receivables are considered to be fully recoverable.
Refer to Note 29 for a listing of associates, joint ventures and other related parties.
Transactions with key management personnel
Key management personnel are the members of the Board of Directors and the members
of the Executive Leadership Team. The following table summarises the total remuneration
paid or accrued during the reporting period related to key management personnel:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Salaries and other short-term employee
benefits (A)
24
33
31
Share-based payments
15
9
20
Termination benefits
\u2014
7
\u2014
Total
39
49
51
(A) Short-term employee benefits include wages, salaries and social security contributions, paid annual leave
and paid sick leave, paid bonuses and non-monetary benefits.
The Group did not have any loans with key management personnel and was not party to any
other transactions with key management personnel during the periods presented.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-754": { "value": "
Other related parties
Transactions with associates, joint ventures and other related parties
Joint venture investments relate to interests in a service provider supporting the operation
of container refund schemes in certain Australian states and a PET recycling plant in
Indonesia.
Associate investments relate to interests in deposit scheme coordinators and a holding
company of container deposit schemes in certain Australian states and territories.
Associate investments also include the Group\u2019s equity interests in early stage development
companies as part of CCEP Ventures. In addition, the Group maintains an associate
investment in a recycling facility located in the Philippines.
Other related parties include coordinators of container deposit schemes in certain
Australian states over which significant influence is held.
Certain defined benefit plan entities meet the definition of related parties. During 2025, the
Group contributed \u20ac31 million (2024: \u20ac14 million) to these retirement benefit arrangements.
The following table summarises the transactions with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Net amounts affecting consolidated income
statement \u2013 associates (A)
(74)
(66)
(68)
Net amounts affecting consolidated income
statement \u2013 joint ventures (A),(B)
(6)
(56)
(28)
Net amounts affecting consolidated income
statement \u2013 other related parties (A)
(143)
(86)
(85)
Total net amount affecting
the\u00a0consolidated\u00a0income statement
(223)
(208)
(181)
(A) Amounts relate to container deposit scheme charges.
(B) Amounts relate to the purchase of certain raw materials.
The following table summarises the balances with associates, joint ventures and other
related parties:
Year ended 31 December
2025
2024
\u20ac million
\u20ac million
Amounts due from associates
\u2014
6
Amounts payable to associates
13
2
Amounts payable to joint ventures
\u2014
9
Amounts payable to other related parties
19
10
Terms and conditions of transactions with associates, joint ventures and other related parties
Outstanding balances on transactions are unsecured, interest free and generally settled
in\u00a0cash. Receivables are considered to be fully recoverable.
Refer to Note 29 for a listing of associates, joint ventures and other related parties.
Note 29
Group companies
In accordance with section 409 of the Companies Act 2006, a full list of the Group\u2019s subsidiaries, partnerships, associates, joint ventures and other undertakings as at 31\u00a0December\u00a02025
is disclosed below, along with the country of incorporation, the registered address and the effective percentage of equity owned at that date. Unless otherwise stated, each entity has a
share capital comprising a single class of ordinary shares and is wholly owned and indirectly held by CCEP.
Name
Country of incorporation
% equity
interest
Registered address
Subsidiaries
Agua De La Vega Del Codorno, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas De Cospeito, S.L.U.
Spain
100%
Crta. Pino km. 1 - 2, 27377, Cospeito (Lugo), Spain
Aguas De Santolin, S.L.U.
Spain
100%
C/ Real, s/n 09246, Quintanaurria, Burgos, Spain
Aguas Del Maestrazgo, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas Del Toscal, S.A.U.
Spain
100%
Ctra. de la Pasadilla, km, 3-35250, ingenio (Gran Canaria), Spain
Aguas Vilas Del Turbon, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Associated Products & Distribution Proprietary
Australia
100% (O)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Bebidas Gaseosas Del Noroeste, S.L.U.
Spain
100%
Avda. Alcalde Alfonso Molina, S/N-15007, (A Coruna), Spain
Beganet, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
BL Bottling Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
BNI B.V.
Netherlands
100%(A)
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
BNII Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig,
Philippines
BNI (Finance) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Great Britain Limited
United Kingdom
100% (D)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Bottling Holding France SAS
France
100%
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Bottling Holdings (Luxembourg) SARL
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Bottling Holdings (Netherlands) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Holdings Europe Limited
United Kingdom
100% (B)(E)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Brewhouse Investments Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Can Recycling (S.A.) Pty. Ltd.
Australia
100% (B)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CC Erfrischungsgetr\u00e4nke Oldenburg Verwaltungs\u00a0GmbH
Germany
100% (I)
Stralauer Allee 4, 10245, Berlin, Germany
CC Verpackungsgesellschaft mit beschraenkter\u00a0Haftung
Germany
100%
Schieferstrasse 20, 06126, Halle (Saale), Germany
CCEP Aboitiz Beverages Philippines, Inc.
Philippines
60%
NAC Tower, 32nd Street, Bonifacio Global City, Taguig City, 1634, Philippines
CCEP Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Name
Country of incorporation
% equity
interest
Registered address
CCEP Finance (Australia) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Finance (Ireland) Designated Activity Company
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
CCEP Group Services Limited
United Kingdom
100%(A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (APS) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (Australia) Pty Ltd
Australia
100% (A)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Holdings Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
CCEP Holdings Sverige AB
Sweden
100%
Dryckesv\u00e4gen 2 C, 136 87, Haninge, Sweden
CCEP Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP\u00a0Scottish\u00a0Limited\u00a0Partnership
United Kingdom
100% (P)
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
CCEP Ventures Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Ventures Europe Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Ventures UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCIP Soporte, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Classic Brand (Europe) Designated Activity Company
Ireland
100%
Charlotte House, Charlemont Street, Saint Kevin's, Dublin, D02 NV26, Ireland
Cobega Embotellador, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
Coca-Cola Bottlers Business Services, Inc.
Philippines
60%
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Europacific Aboitiz Philippines, Inc.
Philippines
60% (R)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Coca-Cola Europacific Partners (CDE Aust) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners (Fiji) Pte Limited
Fiji
100%
Lot 1, Ratu Dovi Road, Laucala Beach Estate, Nasinu, Fiji
Coca-Cola Europacific Partners (Initial LP) Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners (Scotland) Limited
United Kingdom
100%
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
Coca-Cola Europacific Partners API Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Australia Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Belgium SRL/BV
Belgium
100%
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Deutschland GmbH
Germany
100% (F)
Stralauer Allee 4, 10245, Berlin, Germany
Coca-Cola Europacific Partners France SAS
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Europacific Partners Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings NZ Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Holdings US, Inc.
United States
100% (A)(D)
Corporation Trust Center, 1209 Orange Street, Wilmington DE, USA
Name
Country of incorporation
% equity
interest
Registered address
Coca-Cola Europacific Partners Iberia, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Coca-Cola Europacific Partners Investments (Singapore) Pte. Ltd.
Singapore
100%
9 Raffles Place, #26-01 Republic Plaza, Singapore, 048619, Singapore
Coca-Cola Europacific Partners \u00cdsland ehf.
Iceland
100%
Studlahals 1, 110, Reykjavik, Iceland
Coca-Cola Europacific Partners Luxembourg s\u00e0rl
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Coca-Cola Europacific Partners Nederland B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Coca-Cola Europacific Partners New Zealand Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
Coca-Cola Europacific Partners Papua New Guinea Limited
Papua New Guinea
100%
Section 23, Allotment 14, Milfordhaven Road, LAE, Morobe Province, 411, Papua New Guinea
Coca-Cola Europacific Partners Pension Scheme Trustees Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Portugal Unipessoal LDA
Portugal
100%
Quinta da Salmoura - Cabanas-2925-362 Azeit\u00e3o, Set\u00fabal, Portugal
Coca-Cola Europacific Partners Services Bulgaria EOOD
Bulgaria
100%(A)
2 Donka Ushlinova Street, Garitage Park, Office Building 4, floor 6, Sofia, 1766, Bulgaria
Coca-Cola Europacific Partners Services Europe Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Services, Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig, Philippines
Coca-Cola Europacific Partners Services SRL
Belgium
100% (N)
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Sverige AB
Sweden
100%
136 87, Haninge, Sweden
Coca-Cola Europacific Partners US, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners US II, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners Vanuatu Limited
Vanuatu
100%
1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu
Coca-Cola Immobilier SCI
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Production SAS
France
100%
Zone d' entreprises de Bergues, 59380, Commune de Socx, France
Compa\u00f1\u00eda Asturiana De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Nava, 18- 3\u00aa (Granda) Siero\u00a0 - 33006, Oviedo, Spain
Compa\u00f1\u00eda Castellana De Bebidas Gaseosas, S.L.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Compa\u00f1\u00eda Levantina De Bebidas Gaseosas, S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Compa\u00f1\u00eda Norte\u00f1a De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Ibaiz\u00e1bal, 57, Galdakao, 48960, Bizkaia, Spain
Compa\u00f1\u00eda Para La Comunicaci\u00f3n De Bebidas Sin Alcohol, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Cosmos Bottling Corporation
Philippines
59.71%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Crusta Fruit Juices Proprietary Limited
Australia
100% (J)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Developed System Logistics, S.L.U.
Spain
100%
Av. Henry Ford 25, Manzana 19, Complejo Pq.Ind.Juan, CARLOS I, 46220, Picassent, Valencia,
Spain
GR Bottling Holdings UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Name
Country of incorporation
% equity
interest
Registered address
Lusobega, S.L.
Spain
100%
C/ Ibaiz\u00e1bal, 57, 48960, Bizkaia, Galdakao, Spain
Luzviminda Land Holdings, Inc.
Philippines
24%(T)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Madrid Ecoplatform, S.L.U.
Spain
100%
C/Pedro Lara, 8 Pq. Tecnologico de Leganes, 28919, (Leganes), Spain
Matila Nominees Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Bottled Water Co Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail SA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co. (QLD) Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail WA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Pacbev Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Paradise Beverages (Fiji) Pte Limited
Fiji
100%
122-164 Foster Road, Walu Bay, Suva, Fiji
PE\u00d1A Umbria S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Philippine Bottlers, Inc.
Philippines
60%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
PT Coca-Cola Bottling Indonesia
Indonesia
100% (C)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
PT Coca-Cola Distribution Indonesia
Indonesia
100%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Purna Pty. Ltd.
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Real Oz Water Supply Co (QLD) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Refrescos Envasados Del Sur, S.L.U.
Spain
100%
Autov\u00eda del Sur A-IV, km.528- 41309, La Rinconada, Sevilla, Spain
Sale Proprietary Co 1 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 2 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 3 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 4 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 5 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 6 Pty Ltd
Australia
100% (D)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 7 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Samoa Breweries Limited (SBL)
Samoa
100%
Vaitele Industrial Zone, Vaitele Tai, Faleata Sisifo, Samoa
WB Investment Ireland 2 Limited
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
WBH Holdings Luxembourg SCS
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Name
Country of incorporation
% equity
interest
Registered address
Wir Sind Coca-Cola GmbH
Germany
100%
Stralauer Allee 4, 10245, Berlin, Germany
Joint Ventures
Circular Economy Systems Pty Ltd
Australia
50%
Maddocks, Angel Place, Level 27, 123 Pitt Street, Sydney NSW 2000, Australia
PT Amandina Bumi Nusantara
Indonesia
50%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Associates
Aitonomi AG
Switzerland
14.7%
Bruderhausstrasse 10, 6372, Ennetmoos, Switzerland
Aitonomi AI GmbH
Switzerland
14.7%
Pietschenstrasse 20, 3952 Susten, Switzerland
Aitonomi Automation GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Inc.
United States
14.7%
108 West 13th St, Wilmington, Newcastle, DE 19801, USA
Aitonomi LLC
Saudi Arabia
14.7%
2915 Musa Ibn Nussaiyr, Al Olaya, Riyadh 12241, Saudi Arabia
Aitonomi Ltd
South Africa
14.7%
3rd Floor, DeVille Centre, CNR Wellington/Main, Durbanville 7550, South Africa
Aitonomi Ltd.
United Kingdom
14.7%
Innovation Centre, Gallows Hill, Warwick, England, CV34 6UW
Aitonomi Power GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Quantum GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi SRL
Italy
14.7%
Via Alessandro Volta, 13A, 39100 Bolzano BZ, Italy
Birtingah\u00fasi\u00f0 ehf.
Iceland
34.5%
Laugavegur 174, 105, Reykjav\u00edk, Iceland
CC Digital GmbH
Germany
50%
Stralauer Allee 4, 10245, Berlin, Germany
Circular Plastics Australia (PET) Holdings Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) VIC Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Coca-Cola Foundation Philippines, Inc.
Philippines
30%
27th Floor, Six Neo Building, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig
City, 1634, Philippines
Endurvinnslan hf.
Iceland
20%
Knarravogur 4, 104 Reykjavik, Iceland
Exchange for Change (ACT) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Exchange for Change (NSW) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Infineo Recyclage SAS
France
49%(H)
Sainte Marie la Blanche, 21200, Dijon, France
Innovative Tap Solutions Inc.
United States
21.8%
300 Brookside Avenue, Ambler, PA 19002, USA
Ionech Limited
United Kingdom
15.27%
6th Floor, Manfield House, 1 Southampton Street, London, WC2R 0LR, United Kingdom
Kollex GmbH
Germany
20%
Kottbusser Damm 25-26, 10967, Berlin, Germany
Name
Country of incorporation
% equity
interest
Registered address
PETValue Philippines Corporation
Philippines
18%
Wilkins Plant, CM Delos Reyes, Gateway Business Park, Brgy. Javalera, General Trias, Cavite,
Philippines
Other related parties
CCEAP Foundation Incorporated
Philippines
\u2014%
28F 6 Neo, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig City, Philippines
Coca-Cola Bottlers Business Service Inc. Retirement Plan
Philippines
\u2014%(Q)
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Bottlers Philippines, Inc. Retirement plan
Philippines
\u2014%(Q)
20th Floor, San Miguel Properties Centre 7, St. Francis Street, Ortigas Center, Mandaluyong
City, Philippines
Coca-Cola Europacific Partners plc Employee Benefit Trust
Jersey (Channel
Islands)
\u2014%(S)
Computershare Trustees (Jersey) Limited, 13 Castle Street, St Helier, JE1 1ES, Jersey
Container Exchange (QLD) Limited
Australia
\u2014%(L)
Level 13, 295 Ann Street, Brisbane City QLD 4000, Australia
Mahija Parahita Nusantara Foundation
Indonesia
\u2014%(L)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Nafura Advanced Technologies Limited
United Kingdom
20.97%
C/O Deep Science Ventures 46-54 High Street, Ingatestone, Ingatestone, Essex, London,
United Kingdom, CM4 9DW
TasRecycle Limited
Australia
\u2014%(M)
Level 1, 162 Macquarie Street, Hobart TAS 7000, Australia
VicReturn Limited
Australia
\u2014%(M)
C/- Automic Group, Level 12, 530 Collins Street, Melbourne VIC 3000, Australia
WA Return Recycle Renew Ltd
Australia
\u2014%(L)
Unit 4, Level 1, 1 Centro Avenue, Subiaco WA 6008, Australia
(A) 100% equity interest directly held by Coca-Cola Europacific Partners plc.
(B) Class A and B ordinary shares.
(C) Series A, B, C and D shares.
(D) Including preference shares issued to the Group.
(E) 2% equity interest directly held by Coca-Cola Europacific Partners plc (100% of A ordinary shares in issue).
(F) 10% equity interest directly held by Coca-Cola Europacific Partners plc.
(G) Group shareholding of 99.99% or greater.
(H) Class A and B shares. The Group holds 49% of Class B shares.
(I) In liquidation.
(J) Class A and F shares.
(K) Includes ordinary shares and B Class shares.
(L) Company limited by guarantee. CCEP is a member along with one other member.
(M) Company limited by guarantee. CCEP is a member along with two other members.
(N) Class A, B and C ordinary shares.
(O) Includes redeemable preference shares and discretionary dividend shares issued to the Group.
(P) Limited partnership.
(Q) Registered defined benefit plan entity.
(R) Name change from Coca-Cola Beverages Philippines, Inc. effective 13 January 2025 .
(S) Employee Benefit Trust established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its existing and
future share-based compensation plans.
(T) 40% equity interest directly held by Coca-Cola Europacific Aboitiz Philippines, Inc (CCEAP), which is 60%
owned by the Group, resulting in an effective ownership of 24% by the Group. Luzviminda Land Holdings, Inc.
(LLHI)\u2019s equity consists of two classes of shares: common shares, which are 100% held by CCEAP, and
preferred shares, which are 100% owned by the Coca-Cola Bottlers Philippines, Inc. Retirement Plan.
Although the majority of voting rights attach to the preferred shares, the Group has power over LLHI
through its involvement with the retirement plan, as well as exposure to variable returns and the ability to
use its power over LLHI to affect those returns. As such, the Group consolidates LLHI\u2019s financial position
and results.
Note 30
Subsidiaries exempt from audit
The following UK subsidiary will take advantage of the audit exemption set out within section 479A of the Companies Act 2006 for the year ended 31\u00a0December\u00a02025.
Name
Registration number
CCEP Holdings (APS) Limited
12982568
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-755": { "value": "
Transactions with key management personnel
Key management personnel are the members of the Board of Directors and the members
of the Executive Leadership Team. The following table summarises the total remuneration
paid or accrued during the reporting period related to key management personnel:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Salaries and other short-term employee
benefits (A)
24
33
31
Share-based payments
15
9
20
Termination benefits
\u2014
7
\u2014
Total
39
49
51
(A) Short-term employee benefits include wages, salaries and social security contributions, paid annual leave
and paid sick leave, paid bonuses and non-monetary benefits.
The Group did not have any loans with key management personnel and was not party to any
other transactions with key management personnel during the periods presented.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-757": { "value": "
Note 21
Income taxes
Current tax
Current tax for the period includes amounts expected to be payable on taxable income in
the period together with any adjustments to taxes payable in respect of previous periods,
and is determined based on the tax laws enacted or substantively enacted at the balance
sheet date in the countries where the Group operates and generates taxable income.
Management periodically evaluates positions taken in tax returns with respect to situations
in which applicable tax regulations are subject to interpretation and establishes provisions,
where appropriate, on the basis of amounts expected to be paid to the tax authorities.
Deferred tax
Deferred tax is determined by identifying the temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes
at the reporting date. Deferred tax for the period includes origination and reversal of
temporary differences, remeasurements of deferred tax balances and adjustments in
respect of prior periods.
Deferred tax liabilities are recognised for all taxable temporary differences, except:
\u25a0 When the deferred tax liability arises from the initial recognition of goodwill or an asset
or liability in a transaction that is not a business combination and, at the time of the
transaction, affects neither the accounting profit nor taxable profit or loss, unless
it\u00a0gives rise to equal taxable and deductible temporary differences; or
\u25a0 In respect of taxable temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, when the timing
of\u00a0the reversal of the temporary differences can be controlled by the Group and it is
probable that the temporary differences will not reverse in the foreseeable future.
Deferred tax assets are recognised for all deductible temporary differences, carry forward
of unused tax credits and unused tax losses, to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilised, except:
\u25a0 When the deferred tax asset relating to the deductible temporary difference arises
from the initial recognition of an asset or liability in a transaction that is not a business
combination and, at the time of the transaction, affects neither the accounting profit nor
taxable profit or loss, unless it gives rise to equal taxable and deductible temporary
differences; or
\u25a0 In respect of deductible temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, deferred tax
assets are recognised only to the extent that it is probable that the temporary
differences will reverse in the foreseeable future and taxable profit will be available
against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred
tax assets are reassessed at each reporting date and are recognised to the extent that it
has become probable that future taxable profits will allow the deferred tax asset to be
recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply
in the year when the asset is realised or the liability is settled, based on tax rates (and tax
laws) that have been enacted or substantively enacted at the reporting date.
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right
exists to set off current tax assets against current income tax liabilities and the deferred
taxes relate to the same taxation authority on either the same taxable entity or different
taxable entities where there is an intention to settle the balances on a net basis.
Income tax is recognised in the consolidated income statement. Income tax is recognised
in other comprehensive income or directly in equity to the extent that it relates to items
recognised in other comprehensive income or in equity.
2025, 2024 and 2023 results
The following table summarises the major components of income tax expense for the
periods presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Current tax:
Current tax charge
636
596
555
Adjustment in respect of current tax from
prior\u00a0periods
(9)
(38)
(10)
Total current tax
627
558
545
Deferred tax:
Relating to the origination and reversal of
temporary\u00a0differences
27
(71)
11
Adjustment in respect of deferred income
tax from prior\u00a0periods
3
2
(22)
Relating to changes in tax rates or the
imposition of new\u00a0taxes
(67)
3
\u2014
Total deferred tax
(37)
(66)
(11)
Income tax charge per
the\u00a0consolidated\u00a0income\u00a0statement
590
492
534
The following table summarises the taxes on items recognised in other comprehensive
income and directly within equity for the periods presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Taxes charged/(credited) to OCI:
Deferred tax on net gain/loss on
revaluation of\u00a0cash\u00a0flow hedges and
other reserves
(24)
\u2014
11
Deferred tax on net gain/loss on pension
plan\u00a0remeasurements
1
16
(43)
Current tax on net gain/loss on pension
plan remeasurements
\u2014
\u2014
8
Total taxes charged/(credited) to OCI
(23)
16
(24)
Taxes charged/(credited) to equity:
Deferred tax charge/(credit): cash flow
hedges
3
(7)
(31)
Deferred tax charge/(credit): share-based
compensation
6
\u2014
(1)
Total taxes charged/(credited) to equity
9
(7)
(32)
The effective tax rate was 23.0%, 25.4% and 24.2% for the years ended 31\u00a0December\u00a02025,
31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively. The Parent Company of the Group
is a UK company.
Accordingly, the following tables provide reconciliations of the Group\u2019s income tax expense
at the UK statutory tax rate to the actual income tax expense for the periods presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Accounting profit before tax
from\u00a0continuing\u00a0operations
2,569
1,936
2,203
Tax expense at the UK statutory rate
642
484
518
Taxation of foreign operations, net (A)
14
28
43
Non-deductible expense items for tax
purposes
\u2014
16
15
Rate and law change impact, net (B)
(69)
3
\u2014
Deferred taxes not recognised
9
(3)
(10)
Adjustment in respect of prior periods
(6)
(36)
(32)
Total provision for income taxes
590
492
534
(A) This reflects the impact, net of income tax contingencies, of having operations outside the UK, which are
taxed at rates other than the statutory UK rate of 25.0%\u00a0(2024:\u00a025.0%;\u00a02023:\u00a023.5%).
(B) In 2025, Germany and Portugal both enacted law changes that reduced their corporate income tax rates
in\u00a0the future. The Group remeasured its deferred tax liabilities to reflect the impact of these changes. In
2024, New Zealand enacted a law change that removed tax depreciation from commercial properties from
1 April 2024. The Group recognised a deferred tax expense of \u20ac3\u00a0million to reflect the impact of this change.
Deferred income taxes
The following table summarises the movements in the carrying amounts of deferred tax liabilities and assets by significant component during the periods presented:
Franchise and\u00a0other
intangible assets
Property, plant\u00a0
and equipment
Financial assets and
liabilities
Tax
losses
Employee and\u00a0retiree
benefit accruals
Tax
credits
Other,
net
Total,
net
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 31 December 2023
3,191
248
8
(11)
(80)
(24)
45
3,377
Amount charged/(credited) to income statement
(excluding effect of tax rate changes)
(27)
(25)
1
(9)
4
\u2014
(13)
(69)
Effect of tax rate changes on income statement
\u2014
3
\u2014
\u2014
\u2014
\u2014
\u2014
3
Amounts charged/(credited) directly to OCI
\u2014
\u2014
\u2014
\u2014
16
\u2014
\u2014
16
Amount charged/(credited) to equity
\u2014
\u2014
(7)
\u2014
\u2014
\u2014
\u2014
(7)
Acquired through business combinations
116
143
(69)
\u2014
(10)
\u2014
(10)
170
Balance sheet reclassifications
8
3
(1)
\u2014
\u2014
\u2014
(10)
\u2014
Effect of movements in foreign exchange
(10)
1
(1)
\u2014
\u2014
\u2014
(6)
(16)
As at 31 December 2024
3,278
373
(69)
(20)
(70)
(24)
6
3,474
Amount charged/(credited) to income statement
(excluding effect of tax rate changes)
30
(34)
62
(42)
14
(1)
1
30
Effect of tax rate changes on income statement
(62)
(5)
\u2014
\u2014
2
\u2014
(2)
(67)
Amounts charged/(credited) directly to OCI
\u2014
\u2014
(24)
\u2014
1
\u2014
\u2014
(23)
Amount charged/(credited) to equity
\u2014
\u2014
3
\u2014
6
\u2014
\u2014
9
Balance sheet reclassifications
\u2014
3
\u2014
(2)
2
\u2014
(5)
(2)
Effect of movements in foreign exchange
(104)
(14)
4
5
\u2014
\u2014
4
(105)
As at 31 December 2025
3,142
323
(24)
(59)
(45)
(25)
4
3,316
Analysed as follows:
As at 31 December
2024
As at 31 December
2025
Deferred tax asset
(24)
(5)
Deferred tax liability
3,498
3,321
Unrecognised tax items
The utilisation of tax losses and temporary differences carried forward, for which no
deferred tax\u00a0asset is currently recognised, is subject to the resolution of tax authority
enquiries and the achievement of positive income in periods which are beyond the
Group\u2019s\u00a0current business plan, and therefore this utilisation is uncertain.
The gross and tax effected amounts including expiry dates, where applicable,
of\u00a0unrecognised losses, tax credits and deductible temporary differences available
for\u00a0carry\u00a0forward are as follows:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Gross
amount
Tax
effected
Gross
amount
Tax
effected
Gross
amount
Tax
effected
Tax losses expiring:
Within 10 years
17
4
4
1
\u2014
\u2014
Beyond 10 years
3
1
3
1
3
1
No time limit
846
203
1,261
253
1,391
264
866
208
1,268
255
1,394
265
Tax credits expiring:
Within 10 years
57
57
60
60
57
57
Beyond 10 years
29
29
33
33
35
35
86
86
93
93
92
92
Deductible temporary differences
No time limit
27
6
12
3
17
4
27
6
12
3
17
4
Total
979
300
1,373
351
1,503
361
As at 31 December 2025, no deferred tax liability has been recognised in respect of \u20ac253 million
(2024: \u20ac271 million) of unremitted earnings in subsidiaries, associates and joint ventures.
Tax provisions
The Group is routinely under audit by tax authorities in the ordinary course of business.
Due\u00a0to their nature, such proceedings and tax matters involve inherent uncertainties
including, but not limited to, court rulings, settlements between affected parties and/or
governmental actions. The\u00a0probability of outcome is assessed and accrued as a liability
and/or disclosed, as appropriate. The Group maintains provisions for uncertainty relating
to\u00a0these tax matters that it believes appropriately reflect its risk. As at 31\u00a0December\u00a02025,
\u20ac329\u00a0million (31\u00a0December\u00a02024: \u20ac267\u00a0million) of these provisions is included in current tax
liabilities and the remainder is included in non-current tax liabilities.
The Group reviews the adequacy of these provisions at the end of each reporting period
and adjusts them based on changing facts and circumstances. Due to the uncertainty
associated with tax matters, it is possible that at some future date liabilities resulting from
audits or litigation could vary significantly from the Group\u2019s provisions. When an uncertain tax
liability is regarded as probable, it is measured on the basis of the Group\u2019s best estimate.
The Group has received tax assessments in certain jurisdictions for potential tax related to
the Group\u2019s purchases of concentrate. The value of the Group\u2019s concentrate purchases is
significant, and, therefore, the tax assessments are substantial. The Group strongly
believes the application of tax has no technical merit based on applicable tax law, and its
tax position would be sustained. Accordingly, the Group has not recorded a tax liability for
these assessments, and is vigorously defending its position against these assessments.
Global minimum top up tax
The Group has applied the exception under the IAS 12 amendment to recognising and
disclosing information about deferred tax assets and liabilities related to top up tax in
preparing its consolidated financial statements as at 31\u00a0December\u00a02025.
The Group is in scope and is subject to top up tax in relation to its operations in a few
countries. No material expense or liability has been recognised in the consolidated
financial\u00a0statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-756": { "value": "
Note 21
Income taxes
Current tax
Current tax for the period includes amounts expected to be payable on taxable income in
the period together with any adjustments to taxes payable in respect of previous periods,
and is determined based on the tax laws enacted or substantively enacted at the balance
sheet date in the countries where the Group operates and generates taxable income.
Management periodically evaluates positions taken in tax returns with respect to situations
in which applicable tax regulations are subject to interpretation and establishes provisions,
where appropriate, on the basis of amounts expected to be paid to the tax authorities.
Deferred tax
Deferred tax is determined by identifying the temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes
at the reporting date. Deferred tax for the period includes origination and reversal of
temporary differences, remeasurements of deferred tax balances and adjustments in
respect of prior periods.
Deferred tax liabilities are recognised for all taxable temporary differences, except:
\u25a0 When the deferred tax liability arises from the initial recognition of goodwill or an asset
or liability in a transaction that is not a business combination and, at the time of the
transaction, affects neither the accounting profit nor taxable profit or loss, unless
it\u00a0gives rise to equal taxable and deductible temporary differences; or
\u25a0 In respect of taxable temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, when the timing
of\u00a0the reversal of the temporary differences can be controlled by the Group and it is
probable that the temporary differences will not reverse in the foreseeable future.
Deferred tax assets are recognised for all deductible temporary differences, carry forward
of unused tax credits and unused tax losses, to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilised, except:
\u25a0 When the deferred tax asset relating to the deductible temporary difference arises
from the initial recognition of an asset or liability in a transaction that is not a business
combination and, at the time of the transaction, affects neither the accounting profit nor
taxable profit or loss, unless it gives rise to equal taxable and deductible temporary
differences; or
\u25a0 In respect of deductible temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, deferred tax
assets are recognised only to the extent that it is probable that the temporary
differences will reverse in the foreseeable future and taxable profit will be available
against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred
tax assets are reassessed at each reporting date and are recognised to the extent that it
has become probable that future taxable profits will allow the deferred tax asset to be
recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply
in the year when the asset is realised or the liability is settled, based on tax rates (and tax
laws) that have been enacted or substantively enacted at the reporting date.
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right
exists to set off current tax assets against current income tax liabilities and the deferred
taxes relate to the same taxation authority on either the same taxable entity or different
taxable entities where there is an intention to settle the balances on a net basis.
Income tax is recognised in the consolidated income statement. Income tax is recognised
in other comprehensive income or directly in equity to the extent that it relates to items
recognised in other comprehensive income or in equity.
2025, 2024 and 2023 results
The following table summarises the major components of income tax expense for the
periods presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Current tax:
Current tax charge
636
596
555
Adjustment in respect of current tax from
prior\u00a0periods
(9)
(38)
(10)
Total current tax
627
558
545
Deferred tax:
Relating to the origination and reversal of
temporary\u00a0differences
27
(71)
11
Adjustment in respect of deferred income
tax from prior\u00a0periods
3
2
(22)
Relating to changes in tax rates or the
imposition of new\u00a0taxes
(67)
3
\u2014
Total deferred tax
(37)
(66)
(11)
Income tax charge per
the\u00a0consolidated\u00a0income\u00a0statement
590
492
534
The following table summarises the taxes on items recognised in other comprehensive
income and directly within equity for the periods presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Taxes charged/(credited) to OCI:
Deferred tax on net gain/loss on
revaluation of\u00a0cash\u00a0flow hedges and
other reserves
(24)
\u2014
11
Deferred tax on net gain/loss on pension
plan\u00a0remeasurements
1
16
(43)
Current tax on net gain/loss on pension
plan remeasurements
\u2014
\u2014
8
Total taxes charged/(credited) to OCI
(23)
16
(24)
Taxes charged/(credited) to equity:
Deferred tax charge/(credit): cash flow
hedges
3
(7)
(31)
Deferred tax charge/(credit): share-based
compensation
6
\u2014
(1)
Total taxes charged/(credited) to equity
9
(7)
(32)
The effective tax rate was 23.0%, 25.4% and 24.2% for the years ended 31\u00a0December\u00a02025,
31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively. The Parent Company of the Group
is a UK company.
Accordingly, the following tables provide reconciliations of the Group\u2019s income tax expense
at the UK statutory tax rate to the actual income tax expense for the periods presented:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Accounting profit before tax
from\u00a0continuing\u00a0operations
2,569
1,936
2,203
Tax expense at the UK statutory rate
642
484
518
Taxation of foreign operations, net (A)
14
28
43
Non-deductible expense items for tax
purposes
\u2014
16
15
Rate and law change impact, net (B)
(69)
3
\u2014
Deferred taxes not recognised
9
(3)
(10)
Adjustment in respect of prior periods
(6)
(36)
(32)
Total provision for income taxes
590
492
534
(A) This reflects the impact, net of income tax contingencies, of having operations outside the UK, which are
taxed at rates other than the statutory UK rate of 25.0%\u00a0(2024:\u00a025.0%;\u00a02023:\u00a023.5%).
(B) In 2025, Germany and Portugal both enacted law changes that reduced their corporate income tax rates
in\u00a0the future. The Group remeasured its deferred tax liabilities to reflect the impact of these changes. In
2024, New Zealand enacted a law change that removed tax depreciation from commercial properties from
1 April 2024. The Group recognised a deferred tax expense of \u20ac3\u00a0million to reflect the impact of this change.
Deferred income taxes
The following table summarises the movements in the carrying amounts of deferred tax liabilities and assets by significant component during the periods presented:
Franchise and\u00a0other
intangible assets
Property, plant\u00a0
and equipment
Financial assets and
liabilities
Tax
losses
Employee and\u00a0retiree
benefit accruals
Tax
credits
Other,
net
Total,
net
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
As at 31 December 2023
3,191
248
8
(11)
(80)
(24)
45
3,377
Amount charged/(credited) to income statement
(excluding effect of tax rate changes)
(27)
(25)
1
(9)
4
\u2014
(13)
(69)
Effect of tax rate changes on income statement
\u2014
3
\u2014
\u2014
\u2014
\u2014
\u2014
3
Amounts charged/(credited) directly to OCI
\u2014
\u2014
\u2014
\u2014
16
\u2014
\u2014
16
Amount charged/(credited) to equity
\u2014
\u2014
(7)
\u2014
\u2014
\u2014
\u2014
(7)
Acquired through business combinations
116
143
(69)
\u2014
(10)
\u2014
(10)
170
Balance sheet reclassifications
8
3
(1)
\u2014
\u2014
\u2014
(10)
\u2014
Effect of movements in foreign exchange
(10)
1
(1)
\u2014
\u2014
\u2014
(6)
(16)
As at 31 December 2024
3,278
373
(69)
(20)
(70)
(24)
6
3,474
Amount charged/(credited) to income statement
(excluding effect of tax rate changes)
30
(34)
62
(42)
14
(1)
1
30
Effect of tax rate changes on income statement
(62)
(5)
\u2014
\u2014
2
\u2014
(2)
(67)
Amounts charged/(credited) directly to OCI
\u2014
\u2014
(24)
\u2014
1
\u2014
\u2014
(23)
Amount charged/(credited) to equity
\u2014
\u2014
3
\u2014
6
\u2014
\u2014
9
Balance sheet reclassifications
\u2014
3
\u2014
(2)
2
\u2014
(5)
(2)
Effect of movements in foreign exchange
(104)
(14)
4
5
\u2014
\u2014
4
(105)
As at 31 December 2025
3,142
323
(24)
(59)
(45)
(25)
4
3,316
Analysed as follows:
As at 31 December
2024
As at 31 December
2025
Deferred tax asset
(24)
(5)
Deferred tax liability
3,498
3,321
Unrecognised tax items
The utilisation of tax losses and temporary differences carried forward, for which no
deferred tax\u00a0asset is currently recognised, is subject to the resolution of tax authority
enquiries and the achievement of positive income in periods which are beyond the
Group\u2019s\u00a0current business plan, and therefore this utilisation is uncertain.
The gross and tax effected amounts including expiry dates, where applicable,
of\u00a0unrecognised losses, tax credits and deductible temporary differences available
for\u00a0carry\u00a0forward are as follows:
Year ended 31 December
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
Gross
amount
Tax
effected
Gross
amount
Tax
effected
Gross
amount
Tax
effected
Tax losses expiring:
Within 10 years
17
4
4
1
\u2014
\u2014
Beyond 10 years
3
1
3
1
3
1
No time limit
846
203
1,261
253
1,391
264
866
208
1,268
255
1,394
265
Tax credits expiring:
Within 10 years
57
57
60
60
57
57
Beyond 10 years
29
29
33
33
35
35
86
86
93
93
92
92
Deductible temporary differences
No time limit
27
6
12
3
17
4
27
6
12
3
17
4
Total
979
300
1,373
351
1,503
361
As at 31 December 2025, no deferred tax liability has been recognised in respect of \u20ac253 million
(2024: \u20ac271 million) of unremitted earnings in subsidiaries, associates and joint ventures.
Tax provisions
The Group is routinely under audit by tax authorities in the ordinary course of business.
Due\u00a0to their nature, such proceedings and tax matters involve inherent uncertainties
including, but not limited to, court rulings, settlements between affected parties and/or
governmental actions. The\u00a0probability of outcome is assessed and accrued as a liability
and/or disclosed, as appropriate. The Group maintains provisions for uncertainty relating
to\u00a0these tax matters that it believes appropriately reflect its risk. As at 31\u00a0December\u00a02025,
\u20ac329\u00a0million (31\u00a0December\u00a02024: \u20ac267\u00a0million) of these provisions is included in current tax
liabilities and the remainder is included in non-current tax liabilities.
The Group reviews the adequacy of these provisions at the end of each reporting period
and adjusts them based on changing facts and circumstances. Due to the uncertainty
associated with tax matters, it is possible that at some future date liabilities resulting from
audits or litigation could vary significantly from the Group\u2019s provisions. When an uncertain tax
liability is regarded as probable, it is measured on the basis of the Group\u2019s best estimate.
The Group has received tax assessments in certain jurisdictions for potential tax related to
the Group\u2019s purchases of concentrate. The value of the Group\u2019s concentrate purchases is
significant, and, therefore, the tax assessments are substantial. The Group strongly
believes the application of tax has no technical merit based on applicable tax law, and its
tax position would be sustained. Accordingly, the Group has not recorded a tax liability for
these assessments, and is vigorously defending its position against these assessments.
Global minimum top up tax
The Group has applied the exception under the IAS 12 amendment to recognising and
disclosing information about deferred tax assets and liabilities related to top up tax in
preparing its consolidated financial statements as at 31\u00a0December\u00a02025.
The Group is in scope and is subject to top up tax in relation to its operations in a few
countries. No material expense or liability has been recognised in the consolidated
financial\u00a0statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-758": { "value": "
Income taxes
Current tax
Current tax for the period includes amounts expected to be payable on taxable income in
the period together with any adjustments to taxes payable in respect of previous periods,
and is determined based on the tax laws enacted or substantively enacted at the balance
sheet date in the countries where the Group operates and generates taxable income.
Management periodically evaluates positions taken in tax returns with respect to situations
in which applicable tax regulations are subject to interpretation and establishes provisions,
where appropriate, on the basis of amounts expected to be paid to the tax authorities.
Deferred tax
Deferred tax is determined by identifying the temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes
at the reporting date. Deferred tax for the period includes origination and reversal of
temporary differences, remeasurements of deferred tax balances and adjustments in
respect of prior periods.
Deferred tax liabilities are recognised for all taxable temporary differences, except:
\u25a0 When the deferred tax liability arises from the initial recognition of goodwill or an asset
or liability in a transaction that is not a business combination and, at the time of the
transaction, affects neither the accounting profit nor taxable profit or loss, unless
it\u00a0gives rise to equal taxable and deductible temporary differences; or
\u25a0 In respect of taxable temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, when the timing
of\u00a0the reversal of the temporary differences can be controlled by the Group and it is
probable that the temporary differences will not reverse in the foreseeable future.
Deferred tax assets are recognised for all deductible temporary differences, carry forward
of unused tax credits and unused tax losses, to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilised, except:
\u25a0 When the deferred tax asset relating to the deductible temporary difference arises
from the initial recognition of an asset or liability in a transaction that is not a business
combination and, at the time of the transaction, affects neither the accounting profit nor
taxable profit or loss, unless it gives rise to equal taxable and deductible temporary
differences; or
\u25a0 In respect of deductible temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, deferred tax
assets are recognised only to the extent that it is probable that the temporary
differences will reverse in the foreseeable future and taxable profit will be available
against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred
tax assets are reassessed at each reporting date and are recognised to the extent that it
has become probable that future taxable profits will allow the deferred tax asset to be
recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply
in the year when the asset is realised or the liability is settled, based on tax rates (and tax
laws) that have been enacted or substantively enacted at the reporting date.
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right
exists to set off current tax assets against current income tax liabilities and the deferred
taxes relate to the same taxation authority on either the same taxable entity or different
taxable entities where there is an intention to settle the balances on a net basis.
Income tax is recognised in the consolidated income statement. Income tax is recognised
in other comprehensive income or directly in equity to the extent that it relates to items
recognised in other comprehensive income or in equity.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-759": { "value": "
Deferred tax
Deferred tax is determined by identifying the temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes
at the reporting date. Deferred tax for the period includes origination and reversal of
temporary differences, remeasurements of deferred tax balances and adjustments in
respect of prior periods.
Deferred tax liabilities are recognised for all taxable temporary differences, except:
\u25a0 When the deferred tax liability arises from the initial recognition of goodwill or an asset
or liability in a transaction that is not a business combination and, at the time of the
transaction, affects neither the accounting profit nor taxable profit or loss, unless
it\u00a0gives rise to equal taxable and deductible temporary differences; or
\u25a0 In respect of taxable temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, when the timing
of\u00a0the reversal of the temporary differences can be controlled by the Group and it is
probable that the temporary differences will not reverse in the foreseeable future.
Deferred tax assets are recognised for all deductible temporary differences, carry forward
of unused tax credits and unused tax losses, to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilised, except:
\u25a0 When the deferred tax asset relating to the deductible temporary difference arises
from the initial recognition of an asset or liability in a transaction that is not a business
combination and, at the time of the transaction, affects neither the accounting profit nor
taxable profit or loss, unless it gives rise to equal taxable and deductible temporary
differences; or
\u25a0 In respect of deductible temporary differences associated with investments in
subsidiaries, branches and associates, and interests in joint ventures, deferred tax
assets are recognised only to the extent that it is probable that the temporary
differences will reverse in the foreseeable future and taxable profit will be available
against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred
tax assets are reassessed at each reporting date and are recognised to the extent that it
has become probable that future taxable profits will allow the deferred tax asset to be
recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply
in the year when the asset is realised or the liability is settled, based on tax rates (and tax
laws) that have been enacted or substantively enacted at the reporting date.
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right
exists to set off current tax assets against current income tax liabilities and the deferred
taxes relate to the same taxation authority on either the same taxable entity or different
taxable entities where there is an intention to settle the balances on a net basis.
Income tax is recognised in the consolidated income statement. Income tax is recognised
in other comprehensive income or directly in equity to the extent that it relates to items
recognised in other comprehensive income or in equity.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-760": { "value": "
Note 22
Share-based payment plans
The Group has an established Share options plan and a Long-Term Incentive Plan (LTIP) for
certain executive and management level employees that provide for granting restricted
stock units, some with performance and/or market conditions. These awards are designed
to align the interests of executives and management with the interests of shareholders.
During 2022, the Group launched a global Employee Share Purchase Plan (ESPP), which gives
employees the opportunity to purchase CCEP Shares on a regular basis and become a
shareholder, promoting an ownership culture. Under the ESPP, participating employees
are\u00a0granted matching Shares when certain vesting and non-vesting conditions are met.
The Group recognises compensation expense equal to the grant date fair value for
all\u00a0share-based payment awards that are expected to vest. Expense is generally
recorded\u00a0on a straight-line basis over the requisite service period for each separately
vesting portion of the award.
During the years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023,
compensation expense related to our share-based payment plans totalled \u20ac47 million,
\u20ac45 million and \u20ac57 million, respectively. The expense arising from equity-settled
share\u2011based payment transactions was \u20ac43 million for the year ended 31\u00a0December\u00a02025
(2024:\u00a0\u20ac42 million; 2023: \u20ac54 million).
Share options
Share options: (1)\u00a0are granted with exercise prices equal to or greater than the fair value of
the Group\u2019s stock on the\u00a0date of grant; (2)\u00a0generally vest in three annual tranches over a
period of 36 months;\u00a0and (3)\u00a0expire 10 years from\u00a0the date of grant. Generally, when options
are exercised, new Shares will be issued rather than issuing treasury Shares, if available.
No\u00a0options were granted during the years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024
and\u00a0 31\u00a0December\u00a02023. All options outstanding as at 31\u00a0December\u00a02025, 31\u00a0December\u00a02024
and\u00a031\u00a0December\u00a02023 were\u00a0valued and had exercise prices in US dollars.
The following table summarises our share option activity for the periods presented:
2025
2024
2023
Shares
Average
exercise price
Shares
Average
exercise price
Shares
Average
exercise price
thousands
US$
thousands
US$
thousands
US$
Outstanding at
beginning of year
24
39.00
920
37.42
2,272
35.30
Granted
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Exercised
(24)
39.00
(895)
37.39
(1,352)
33.86
Forfeited, expired
or cancelled
\u2014
\u2014
(1)
\u2014
\u2014
\u2014
Outstanding
at\u00a0end\u00a0of\u00a0year
\u2014
0.00
24
39.00
920
37.42
Options exercisable
at\u00a0end of year
\u2014
0.00
24
39.00
920
37.42
There are no outstanding Share options as at 31\u00a0December\u00a02025. The weighted average
Share price during the years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and
31\u00a0December\u00a02023 was US$88.54, US$73.60 and US$60.96, respectively.
The following table summarises the weighted average remaining life of options outstanding
for the periods presented:
2025
2024
2023
Range of exercise\u00a0prices
Options
outstanding
Weighted
average
remaining life
Options
outstanding
Weighted
average
remaining life
Options
outstanding
Weighted
average
remaining life
US$
thousands
years
thousands
years
thousands
years
25.01 to 40.00
\u2014
0.00
24
0.85
920
1.60
Total
\u2014
0.00
24
0.85
920
1.60
Restricted Stock Units (RSUs) and Performance Share Units (PSUs)
RSU awards entitle the participant to accrue dividends, which are paid in cash only if the
RSUs vest. They do not have\u00a0voting rights. Upon vesting, the participant is granted one
Share for each RSU. They generally vest subject to\u00a0continued employment for a period
of\u00a036 months. Unvested RSUs are restricted as to disposition and subject to forfeiture.
There were 0.1 million, 0.2 million and 0.1 million unvested RSUs outstanding with a weighted
average grant date fair\u00a0value of US$68.66, US$59.31 and US$50.67 as at 31\u00a0December\u00a02025,
31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
PSU awards entitle the participant to the same benefits as RSUs. They generally vest
subject to continued employment for a period of 36 months and the attainment of certain
performance targets. There were 1.0 million, 1.1 million and 2.1 million of unvested PSUs, with
weighted average grant date fair values of US$66.96, US$54.19 and US$48.95 outstanding
as at 31\u00a0December\u00a02025 , 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023, respectively.
The PSUs granted in 2025, 2024 and 2023 are subject to performance conditions of
absolute EPS and ROIC, each with a 42.5% weighting, and to a sustainability metric, focused
on the reduction of greenhouse gas emissions (CO2e) across our entire value chain, with a
15% weighting.
Key assumptions for grant date fair value
The following table summarises the weighted average grant date fair values
per unit:
Restricted stock units and performance share units
2025
2024
Grant date fair value \u2013 service conditions (US$)
78.09
67.60
Grant date fair value \u2013 service and performance conditions (US$)
78.35
67.77
Employee Share Purchase Plan
Through the ESPP, employees are able to contribute on a regular basis up to a maximum
amount deducted from their salary for the purpose of purchasing CCEP Shares. Every
quarter, for each purchased Share, CCEP awards participating employees matching
Shares\u00a0at the same time. Participating employees become owners of the matching
Shares\u00a012 months after the award, as long as they remain in employment and do not
sell\u00a0the related purchased Shares during this period. Participants have all the rights
of\u00a0a\u00a0shareholder in respect of their purchased Shares and matching Shares (once
they\u00a0are\u00a0fully owned by the employees), including dividend rights and voting rights.
During the\u00a0years ended 31\u00a0December\u00a02025, 31\u00a0December\u00a02024 and 31\u00a0December\u00a02023 the
Group\u00a0recognised a compensation expense related to the ESPP of \u20ac19 million, \u20ac17\u00a0million
and \u20ac14 million, respectively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-761": { "value": "
Share-based payment plans
The Group has an established Share options plan and a Long-Term Incentive Plan (LTIP) for
certain executive and management level employees that provide for granting restricted
stock units, some with performance and/or market conditions. These awards are designed
to align the interests of executives and management with the interests of shareholders.
During 2022, the Group launched a global Employee Share Purchase Plan (ESPP), which gives
employees the opportunity to purchase CCEP Shares on a regular basis and become a
shareholder, promoting an ownership culture. Under the ESPP, participating employees
are\u00a0granted matching Shares when certain vesting and non-vesting conditions are met.
The Group recognises compensation expense equal to the grant date fair value for
all\u00a0share-based payment awards that are expected to vest. Expense is generally
recorded\u00a0on a straight-line basis over the requisite service period for each separately
vesting portion of the award.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-762": { "value": "
Provisions, contingencies and commitments
Provisions are recognised when the Group has a present obligation (legal or constructive)
as a result of a past event, it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. When some or all of a provision is expected to be reimbursed,
the\u00a0reimbursement is recognised as a separate asset, but only when the reimbursement
is\u00a0virtually certain. The expense relating to a provision is presented in the consolidated
income statement , net of any reimbursement.
Asset retirement obligations are estimated at the inception of a lease or contract, for
which a liability is recognised. A corresponding asset is also created and depreciated.
If the effect of the time value of money is material, provisions are discounted using
a\u00a0current pre-tax rate that reflects, when appropriate, the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time is
recognised as a finance cost.
Restructuring provision
Restructuring provisions are recognised only when the Group has a constructive obligation,
which\u00a0is when a detailed formal plan identifies the business or part of the business
concerned, the location and number of employees affected, a detailed estimate of the
associated costs and\u00a0an appropriate timeline, and the employees affected have been
notified of the plan\u2019s main features. These provisions are expected to be resolved by the
time the related programme is\u00a0substantively complete.
Refer to Note 18 for further details regarding our restructuring programmes.
Decommissioning provisions
Decommissioning liabilities relate to contractual or legal obligations to pay for asset
retirement costs. The liabilities represent both the reinstatement obligations when the
Group is contractually obligated to pay for the cost of retiring leased buildings and the
costs for collection, treatment, reuse, recovery and environmentally sound disposal of
cold drink equipment. Specific to cold drink equipment obligations, the Group is subject
to,\u00a0and operates in\u00a0accordance with, the EU Directive on Waste from Electrical and
Electronic Equipment (WEEE). Under the WEEE, companies that put electrical and
electronic\u00a0equipment (such as cold drink equipment) on the EU market are responsible
for\u00a0the costs of collection, treatment, recovery and disposal of their own products.
Where\u00a0applicable, the WEEE provision estimate is calculated using assumptions, including
disposal cost per unit, average equipment age and the inflation rate, to determine
the\u00a0appropriate accrual amount.
The period over which the decommissioning liabilities on leased buildings and cold drink
equipment will be settled ranges from 1 to 26 years and 1 to 8 years, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-763": { "value": "
Restructuring provision
Restructuring provisions are recognised only when the Group has a constructive obligation,
which\u00a0is when a detailed formal plan identifies the business or part of the business
concerned, the location and number of employees affected, a detailed estimate of the
associated costs and\u00a0an appropriate timeline, and the employees affected have been
notified of the plan\u2019s main features. These provisions are expected to be resolved by the
time the related programme is\u00a0substantively complete.
Refer to Note 18 for further details regarding our restructuring programmes.
Decommissioning provisions
Decommissioning liabilities relate to contractual or legal obligations to pay for asset
retirement costs. The liabilities represent both the reinstatement obligations when the
Group is contractually obligated to pay for the cost of retiring leased buildings and the
costs for collection, treatment, reuse, recovery and environmentally sound disposal of
cold drink equipment. Specific to cold drink equipment obligations, the Group is subject
to,\u00a0and operates in\u00a0accordance with, the EU Directive on Waste from Electrical and
Electronic Equipment (WEEE). Under the WEEE, companies that put electrical and
electronic\u00a0equipment (such as cold drink equipment) on the EU market are responsible
for\u00a0the costs of collection, treatment, recovery and disposal of their own products.
Where\u00a0applicable, the WEEE provision estimate is calculated using assumptions, including
disposal cost per unit, average equipment age and the inflation rate, to determine
the\u00a0appropriate accrual amount.
The period over which the decommissioning liabilities on leased buildings and cold drink
equipment will be settled ranges from 1 to 26 years and 1 to 8 years, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-765": { "value": "
Contingencies
Legal proceedings and tax matters
The Group is involved in various legal proceedings and tax matters and is routinely under
audit by tax authorities in the ordinary course of business. Due to their nature, such legal
proceedings and tax matters involve inherent uncertainties including, but not limited to,
court rulings, settlements between affected parties and/or governmental actions.
The probability of loss for such contingencies is assessed and accrued as a liability and/or
disclosed, as appropriate.
Guarantees
In connection with ongoing litigation and tax matters in certain territories, guarantees of
approximately \u20ac888 million have been issued (2024: \u20ac850 million). The Group was required
to issue these guarantees to satisfy potential obligations arising from such litigation.
In\u00a0addition, we\u00a0have approximately \u20ac56 million of guarantees issued to third parties
through the normal course of business (2024: \u20ac42 million). The guarantees have various
terms and the amounts represent the maximum potential future payments that we
could\u00a0be required to make under the guarantees. No significant additional liabilities
in\u00a0the\u00a0accompanying consolidated financial statements are expected to arise from
guarantees issued.
Commitments
Commitments beyond 31\u00a0December\u00a02025 are disclosed herein but not accrued for within
the consolidated statement of financial position.
Purchase agreements
Total purchase commitments were \u20ac0.6 billion as at 31\u00a0December\u00a02025. This amount
represents non-cancellable purchase agreements with various suppliers that are
enforceable and legally binding, and that specify a fixed or minimum quantity that we
must\u00a0purchase. All purchases made under these agreements have standard quality
and\u00a0performance criteria.
The Group has outstanding capital expenditure purchase orders of approximately
\u20ac310 million as at 31\u00a0December\u00a02025. The Group also has other purchase orders raised
in\u00a0the ordinary course of business, which are settled in a reasonably short period of time.
Lease agreements
As at 31\u00a0December\u00a02025, the Group had committed to a number of lease agreements that
have\u00a0not yet commenced. The minimum lease payments for these lease agreements totalled
\u20ac13 million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-764": { "value": "
Contingencies
Legal proceedings and tax matters
The Group is involved in various legal proceedings and tax matters and is routinely under
audit by tax authorities in the ordinary course of business. Due to their nature, such legal
proceedings and tax matters involve inherent uncertainties including, but not limited to,
court rulings, settlements between affected parties and/or governmental actions.
The probability of loss for such contingencies is assessed and accrued as a liability and/or
disclosed, as appropriate.
Guarantees
In connection with ongoing litigation and tax matters in certain territories, guarantees of
approximately \u20ac888 million have been issued (2024: \u20ac850 million). The Group was required
to issue these guarantees to satisfy potential obligations arising from such litigation.
In\u00a0addition, we\u00a0have approximately \u20ac56 million of guarantees issued to third parties
through the normal course of business (2024: \u20ac42 million). The guarantees have various
terms and the amounts represent the maximum potential future payments that we
could\u00a0be required to make under the guarantees. No significant additional liabilities
in\u00a0the\u00a0accompanying consolidated financial statements are expected to arise from
guarantees issued.
", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-766": { "value": "
Legal proceedings and tax matters
The Group is involved in various legal proceedings and tax matters and is routinely under
audit by tax authorities in the ordinary course of business. Due to their nature, such legal
proceedings and tax matters involve inherent uncertainties including, but not limited to,
court rulings, settlements between affected parties and/or governmental actions.
The probability of loss for such contingencies is assessed and accrued as a liability and/or
disclosed, as appropriate.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-767": { "value": "
Commitments
Commitments beyond 31\u00a0December\u00a02025 are disclosed herein but not accrued for within
the consolidated statement of financial position.
Purchase agreements
Total purchase commitments were \u20ac0.6 billion as at 31\u00a0December\u00a02025. This amount
represents non-cancellable purchase agreements with various suppliers that are
enforceable and legally binding, and that specify a fixed or minimum quantity that we
must\u00a0purchase. All purchases made under these agreements have standard quality
and\u00a0performance criteria.
The Group has outstanding capital expenditure purchase orders of approximately
\u20ac310 million as at 31\u00a0December\u00a02025. The Group also has other purchase orders raised
in\u00a0the ordinary course of business, which are settled in a reasonably short period of time.
Lease agreements
As at 31\u00a0December\u00a02025, the Group had committed to a number of lease agreements that
have\u00a0not yet commenced. The minimum lease payments for these lease agreements totalled
\u20ac13 million", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-768": { "value": "
Note 24
Other income
Other income for the year ended 31\u00a0December\u00a02025 totalled \u20ac104\u00a0million
(31\u00a0December\u00a02024 : nil; 31\u00a0December\u00a02023 : \u20ac107\u00a0million).
During 2025, the Group recognised \u20ac30\u00a0million of other income related to additional
consideration received from the sale of a property in Germany, and \u20ac74\u00a0million of other
income related to gains on the sales of properties in Germany and Great Britain.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-770": { "value": "
Note 25
Other current assets and assets held for sale
Other current assets
The following table summarises the Group\u2019s other current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other current assets
\u20ac million
\u20ac million
Prepayments
155
202
VAT receivables
296
44
Miscellaneous receivables
208
212
Total other current assets
659
458
VAT receivables
In 2014, a dispute arose between the Spanish Tax Authorities (STA) and the Bizkaia Tax
Authorities (BTA) regarding which authority was responsible for refunding VAT to the Group
for the years 2013\u20132016.
In 2022, following an Arbitration Board ruling, the Group received \u20ac252\u00a0million (including
interest) from the BTA and recognised a further \u20ac25\u00a0million VAT receivable within other
current assets, and a VAT payable of \u20ac57\u00a0million to the STA within trade and other
payables, both including interest.
As at 31 December 2024, the VAT receivable balance of \u20ac25\u00a0million remained unchanged,
while the VAT payable balance increased to \u20ac61\u00a0million as a result of interest charges.
On 24 July 2025, the Supreme Court of Spain issued its decision on the jurisdictional
dispute and determined that:
\u25a0 the STA is required to refund approximately \u20ac250\u00a0million (including interest) to the
Group; and
\u25a0 the Group is required to repay approximately \u20ac287\u00a0million (including interest) to the
BTA\u00a0for the amount received in 2022.
The net difference reflected previously recognised balance sheet positions.
The Supreme Court decision confirmed the principle of VAT neutrality.
As at 31\u00a0December\u00a02025, the Group has recognised a \u20ac250\u00a0million VAT receivable from
the\u00a0STA within other current assets, and a \u20ac287\u00a0million VAT payable to the BTA within
accrued taxes, included within trade and other payables. Both balances are expected
to\u00a0be\u00a0settled concurrently.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-769": { "value": "
Note 25
Other current assets and assets held for sale
Other current assets
The following table summarises the Group\u2019s other current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other current assets
\u20ac million
\u20ac million
Prepayments
155
202
VAT receivables
296
44
Miscellaneous receivables
208
212
Total other current assets
659
458
VAT receivables
In 2014, a dispute arose between the Spanish Tax Authorities (STA) and the Bizkaia Tax
Authorities (BTA) regarding which authority was responsible for refunding VAT to the Group
for the years 2013\u20132016.
In 2022, following an Arbitration Board ruling, the Group received \u20ac252\u00a0million (including
interest) from the BTA and recognised a further \u20ac25\u00a0million VAT receivable within other
current assets, and a VAT payable of \u20ac57\u00a0million to the STA within trade and other
payables, both including interest.
As at 31 December 2024, the VAT receivable balance of \u20ac25\u00a0million remained unchanged,
while the VAT payable balance increased to \u20ac61\u00a0million as a result of interest charges.
On 24 July 2025, the Supreme Court of Spain issued its decision on the jurisdictional
dispute and determined that:
\u25a0 the STA is required to refund approximately \u20ac250\u00a0million (including interest) to the
Group; and
\u25a0 the Group is required to repay approximately \u20ac287\u00a0million (including interest) to the
BTA\u00a0for the amount received in 2022.
The net difference reflected previously recognised balance sheet positions.
The Supreme Court decision confirmed the principle of VAT neutrality.
As at 31\u00a0December\u00a02025, the Group has recognised a \u20ac250\u00a0million VAT receivable from
the\u00a0STA within other current assets, and a \u20ac287\u00a0million VAT payable to the BTA within
accrued taxes, included within trade and other payables. Both balances are expected
to\u00a0be\u00a0settled concurrently.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-771": { "value": "
Other current assets and assets held for sale
Other current assets
The following table summarises the Group\u2019s other current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other current assets
\u20ac million
\u20ac million
Prepayments
155
202
VAT receivables
296
44
Miscellaneous receivables
208
212
Total other current assets
659
458
VAT receivables
In 2014, a dispute arose between the Spanish Tax Authorities (STA) and the Bizkaia Tax
Authorities (BTA) regarding which authority was responsible for refunding VAT to the Group
for the years 2013\u20132016.
In 2022, following an Arbitration Board ruling, the Group received \u20ac252\u00a0million (including
interest) from the BTA and recognised a further \u20ac25\u00a0million VAT receivable within other
current assets, and a VAT payable of \u20ac57\u00a0million to the STA within trade and other
payables, both including interest.
As at 31 December 2024, the VAT receivable balance of \u20ac25\u00a0million remained unchanged,
while the VAT payable balance increased to \u20ac61\u00a0million as a result of interest charges.
On 24 July 2025, the Supreme Court of Spain issued its decision on the jurisdictional
dispute and determined that:
\u25a0 the STA is required to refund approximately \u20ac250\u00a0million (including interest) to the
Group; and
\u25a0 the Group is required to repay approximately \u20ac287\u00a0million (including interest) to the
BTA\u00a0for the amount received in 2022.
The net difference reflected previously recognised balance sheet positions.
The Supreme Court decision confirmed the principle of VAT neutrality.
As at 31\u00a0December\u00a02025, the Group has recognised a \u20ac250\u00a0million VAT receivable from
the\u00a0STA within other current assets, and a \u20ac287\u00a0million VAT payable to the BTA within
accrued taxes, included within trade and other payables. Both balances are expected
to\u00a0be\u00a0settled concurrently.
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-773": { "value": "
Assets held for sale
Non-current assets, or disposal groups comprising assets and liabilities, are classified as
held for sale if it is highly probable that they would be recovered through sale rather than
continuous use. In order for a sale to be considered highly probable, all of the following
criteria need to be met: management is committed to a plan to sell the assets, an active
programme to locate a buyer and complete the plan has been initiated, the assets are
actively marketed at a reasonable price, and the sale is expected to be completed within
one year from the date of classification.
Such assets, or disposal groups, are generally measured at the lower of their carrying
amount and fair value less cost to sell.
Once classified as held for sale, intangible assets and property, plant and equipment
are\u00a0no\u00a0longer amortised or depreciated, and any equity accounted investee is no longer
equity accounted.
Assets classified as held for sale as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024 totalled
\u20ac33\u00a0million and \u20ac46\u00a0million, respectively. These assets primarily consist of properties
expected to be sold in the near future.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-772": { "value": "
Assets held for sale
Non-current assets, or disposal groups comprising assets and liabilities, are classified as
held for sale if it is highly probable that they would be recovered through sale rather than
continuous use. In order for a sale to be considered highly probable, all of the following
criteria need to be met: management is committed to a plan to sell the assets, an active
programme to locate a buyer and complete the plan has been initiated, the assets are
actively marketed at a reasonable price, and the sale is expected to be completed within
one year from the date of classification.
Such assets, or disposal groups, are generally measured at the lower of their carrying
amount and fair value less cost to sell.
Once classified as held for sale, intangible assets and property, plant and equipment
are\u00a0no\u00a0longer amortised or depreciated, and any equity accounted investee is no longer
equity accounted.
Assets classified as held for sale as at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024 totalled
\u20ac33\u00a0million and \u20ac46\u00a0million, respectively. These assets primarily consist of properties
expected to be sold in the near future.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-774": { "value": "
Assets held for sale
Non-current assets, or disposal groups comprising assets and liabilities, are classified as
held for sale if it is highly probable that they would be recovered through sale rather than
continuous use. In order for a sale to be considered highly probable, all of the following
criteria need to be met: management is committed to a plan to sell the assets, an active
programme to locate a buyer and complete the plan has been initiated, the assets are
actively marketed at a reasonable price, and the sale is expected to be completed within
one year from the date of classification.
Such assets, or disposal groups, are generally measured at the lower of their carrying
amount and fair value less cost to sell.
Once classified as held for sale, intangible assets and property, plant and equipment
are\u00a0no\u00a0longer amortised or depreciated, and any equity accounted investee is no longer
equity accounted.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-776": { "value": "
Note 26
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
The following table summarises the Group\u2019s carrying value of investments as at the dates
presented:
Year ended 31 December
2025
2024
Investments
\u20ac million
\u20ac million
Investments accounted using equity method
35
40
Financial assets at fair value through other comprehensive
income (A)
21
14
Total investments
56
54
(A) Changes in equity investments for the year ended 31\u00a0December\u00a02025 were due to additional investments
in\u00a0existing investees and the acquisition of new investments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-775": { "value": "
Note 26
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
The following table summarises the Group\u2019s carrying value of investments as at the dates
presented:
Year ended 31 December
2025
2024
Investments
\u20ac million
\u20ac million
Investments accounted using equity method
35
40
Financial assets at fair value through other comprehensive
income (A)
21
14
Total investments
56
54
(A) Changes in equity investments for the year ended 31\u00a0December\u00a02025 were due to additional investments
in\u00a0existing investees and the acquisition of new investments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-778": { "value": "
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
The following table summarises the Group\u2019s carrying value of investments as at the dates
presented:
Year ended 31 December
2025
2024
Investments
\u20ac million
\u20ac million
Investments accounted using equity method
35
40
Financial assets at fair value through other comprehensive
income (A)
21
14
Total investments
56
54
(A) Changes in equity investments for the year ended 31\u00a0December\u00a02025 were due to additional investments
in\u00a0existing investees and the acquisition of new investments.
Note 29
Group companies
In accordance with section 409 of the Companies Act 2006, a full list of the Group\u2019s subsidiaries, partnerships, associates, joint ventures and other undertakings as at 31\u00a0December\u00a02025
is disclosed below, along with the country of incorporation, the registered address and the effective percentage of equity owned at that date. Unless otherwise stated, each entity has a
share capital comprising a single class of ordinary shares and is wholly owned and indirectly held by CCEP.
Name
Country of incorporation
% equity
interest
Registered address
Subsidiaries
Agua De La Vega Del Codorno, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas De Cospeito, S.L.U.
Spain
100%
Crta. Pino km. 1 - 2, 27377, Cospeito (Lugo), Spain
Aguas De Santolin, S.L.U.
Spain
100%
C/ Real, s/n 09246, Quintanaurria, Burgos, Spain
Aguas Del Maestrazgo, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas Del Toscal, S.A.U.
Spain
100%
Ctra. de la Pasadilla, km, 3-35250, ingenio (Gran Canaria), Spain
Aguas Vilas Del Turbon, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Associated Products & Distribution Proprietary
Australia
100% (O)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Bebidas Gaseosas Del Noroeste, S.L.U.
Spain
100%
Avda. Alcalde Alfonso Molina, S/N-15007, (A Coruna), Spain
Beganet, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
BL Bottling Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
BNI B.V.
Netherlands
100%(A)
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
BNII Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig,
Philippines
BNI (Finance) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Great Britain Limited
United Kingdom
100% (D)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Bottling Holding France SAS
France
100%
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Bottling Holdings (Luxembourg) SARL
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Bottling Holdings (Netherlands) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Holdings Europe Limited
United Kingdom
100% (B)(E)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Brewhouse Investments Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Can Recycling (S.A.) Pty. Ltd.
Australia
100% (B)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CC Erfrischungsgetr\u00e4nke Oldenburg Verwaltungs\u00a0GmbH
Germany
100% (I)
Stralauer Allee 4, 10245, Berlin, Germany
CC Verpackungsgesellschaft mit beschraenkter\u00a0Haftung
Germany
100%
Schieferstrasse 20, 06126, Halle (Saale), Germany
CCEP Aboitiz Beverages Philippines, Inc.
Philippines
60%
NAC Tower, 32nd Street, Bonifacio Global City, Taguig City, 1634, Philippines
CCEP Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Name
Country of incorporation
% equity
interest
Registered address
CCEP Finance (Australia) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Finance (Ireland) Designated Activity Company
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
CCEP Group Services Limited
United Kingdom
100%(A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (APS) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (Australia) Pty Ltd
Australia
100% (A)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Holdings Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
CCEP Holdings Sverige AB
Sweden
100%
Dryckesv\u00e4gen 2 C, 136 87, Haninge, Sweden
CCEP Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP\u00a0Scottish\u00a0Limited\u00a0Partnership
United Kingdom
100% (P)
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
CCEP Ventures Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Ventures Europe Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Ventures UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCIP Soporte, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Classic Brand (Europe) Designated Activity Company
Ireland
100%
Charlotte House, Charlemont Street, Saint Kevin's, Dublin, D02 NV26, Ireland
Cobega Embotellador, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
Coca-Cola Bottlers Business Services, Inc.
Philippines
60%
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Europacific Aboitiz Philippines, Inc.
Philippines
60% (R)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Coca-Cola Europacific Partners (CDE Aust) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners (Fiji) Pte Limited
Fiji
100%
Lot 1, Ratu Dovi Road, Laucala Beach Estate, Nasinu, Fiji
Coca-Cola Europacific Partners (Initial LP) Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners (Scotland) Limited
United Kingdom
100%
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
Coca-Cola Europacific Partners API Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Australia Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Belgium SRL/BV
Belgium
100%
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Deutschland GmbH
Germany
100% (F)
Stralauer Allee 4, 10245, Berlin, Germany
Coca-Cola Europacific Partners France SAS
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Europacific Partners Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings NZ Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Holdings US, Inc.
United States
100% (A)(D)
Corporation Trust Center, 1209 Orange Street, Wilmington DE, USA
Name
Country of incorporation
% equity
interest
Registered address
Coca-Cola Europacific Partners Iberia, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Coca-Cola Europacific Partners Investments (Singapore) Pte. Ltd.
Singapore
100%
9 Raffles Place, #26-01 Republic Plaza, Singapore, 048619, Singapore
Coca-Cola Europacific Partners \u00cdsland ehf.
Iceland
100%
Studlahals 1, 110, Reykjavik, Iceland
Coca-Cola Europacific Partners Luxembourg s\u00e0rl
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Coca-Cola Europacific Partners Nederland B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Coca-Cola Europacific Partners New Zealand Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
Coca-Cola Europacific Partners Papua New Guinea Limited
Papua New Guinea
100%
Section 23, Allotment 14, Milfordhaven Road, LAE, Morobe Province, 411, Papua New Guinea
Coca-Cola Europacific Partners Pension Scheme Trustees Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Portugal Unipessoal LDA
Portugal
100%
Quinta da Salmoura - Cabanas-2925-362 Azeit\u00e3o, Set\u00fabal, Portugal
Coca-Cola Europacific Partners Services Bulgaria EOOD
Bulgaria
100%(A)
2 Donka Ushlinova Street, Garitage Park, Office Building 4, floor 6, Sofia, 1766, Bulgaria
Coca-Cola Europacific Partners Services Europe Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Services, Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig, Philippines
Coca-Cola Europacific Partners Services SRL
Belgium
100% (N)
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Sverige AB
Sweden
100%
136 87, Haninge, Sweden
Coca-Cola Europacific Partners US, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners US II, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners Vanuatu Limited
Vanuatu
100%
1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu
Coca-Cola Immobilier SCI
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Production SAS
France
100%
Zone d' entreprises de Bergues, 59380, Commune de Socx, France
Compa\u00f1\u00eda Asturiana De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Nava, 18- 3\u00aa (Granda) Siero\u00a0 - 33006, Oviedo, Spain
Compa\u00f1\u00eda Castellana De Bebidas Gaseosas, S.L.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Compa\u00f1\u00eda Levantina De Bebidas Gaseosas, S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Compa\u00f1\u00eda Norte\u00f1a De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Ibaiz\u00e1bal, 57, Galdakao, 48960, Bizkaia, Spain
Compa\u00f1\u00eda Para La Comunicaci\u00f3n De Bebidas Sin Alcohol, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Cosmos Bottling Corporation
Philippines
59.71%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Crusta Fruit Juices Proprietary Limited
Australia
100% (J)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Developed System Logistics, S.L.U.
Spain
100%
Av. Henry Ford 25, Manzana 19, Complejo Pq.Ind.Juan, CARLOS I, 46220, Picassent, Valencia,
Spain
GR Bottling Holdings UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Name
Country of incorporation
% equity
interest
Registered address
Lusobega, S.L.
Spain
100%
C/ Ibaiz\u00e1bal, 57, 48960, Bizkaia, Galdakao, Spain
Luzviminda Land Holdings, Inc.
Philippines
24%(T)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Madrid Ecoplatform, S.L.U.
Spain
100%
C/Pedro Lara, 8 Pq. Tecnologico de Leganes, 28919, (Leganes), Spain
Matila Nominees Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Bottled Water Co Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail SA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co. (QLD) Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail WA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Pacbev Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Paradise Beverages (Fiji) Pte Limited
Fiji
100%
122-164 Foster Road, Walu Bay, Suva, Fiji
PE\u00d1A Umbria S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Philippine Bottlers, Inc.
Philippines
60%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
PT Coca-Cola Bottling Indonesia
Indonesia
100% (C)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
PT Coca-Cola Distribution Indonesia
Indonesia
100%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Purna Pty. Ltd.
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Real Oz Water Supply Co (QLD) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Refrescos Envasados Del Sur, S.L.U.
Spain
100%
Autov\u00eda del Sur A-IV, km.528- 41309, La Rinconada, Sevilla, Spain
Sale Proprietary Co 1 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 2 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 3 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 4 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 5 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 6 Pty Ltd
Australia
100% (D)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 7 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Samoa Breweries Limited (SBL)
Samoa
100%
Vaitele Industrial Zone, Vaitele Tai, Faleata Sisifo, Samoa
WB Investment Ireland 2 Limited
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
WBH Holdings Luxembourg SCS
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Name
Country of incorporation
% equity
interest
Registered address
Wir Sind Coca-Cola GmbH
Germany
100%
Stralauer Allee 4, 10245, Berlin, Germany
Joint Ventures
Circular Economy Systems Pty Ltd
Australia
50%
Maddocks, Angel Place, Level 27, 123 Pitt Street, Sydney NSW 2000, Australia
PT Amandina Bumi Nusantara
Indonesia
50%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Associates
Aitonomi AG
Switzerland
14.7%
Bruderhausstrasse 10, 6372, Ennetmoos, Switzerland
Aitonomi AI GmbH
Switzerland
14.7%
Pietschenstrasse 20, 3952 Susten, Switzerland
Aitonomi Automation GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Inc.
United States
14.7%
108 West 13th St, Wilmington, Newcastle, DE 19801, USA
Aitonomi LLC
Saudi Arabia
14.7%
2915 Musa Ibn Nussaiyr, Al Olaya, Riyadh 12241, Saudi Arabia
Aitonomi Ltd
South Africa
14.7%
3rd Floor, DeVille Centre, CNR Wellington/Main, Durbanville 7550, South Africa
Aitonomi Ltd.
United Kingdom
14.7%
Innovation Centre, Gallows Hill, Warwick, England, CV34 6UW
Aitonomi Power GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Quantum GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi SRL
Italy
14.7%
Via Alessandro Volta, 13A, 39100 Bolzano BZ, Italy
Birtingah\u00fasi\u00f0 ehf.
Iceland
34.5%
Laugavegur 174, 105, Reykjav\u00edk, Iceland
CC Digital GmbH
Germany
50%
Stralauer Allee 4, 10245, Berlin, Germany
Circular Plastics Australia (PET) Holdings Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) VIC Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Coca-Cola Foundation Philippines, Inc.
Philippines
30%
27th Floor, Six Neo Building, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig
City, 1634, Philippines
Endurvinnslan hf.
Iceland
20%
Knarravogur 4, 104 Reykjavik, Iceland
Exchange for Change (ACT) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Exchange for Change (NSW) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Infineo Recyclage SAS
France
49%(H)
Sainte Marie la Blanche, 21200, Dijon, France
Innovative Tap Solutions Inc.
United States
21.8%
300 Brookside Avenue, Ambler, PA 19002, USA
Ionech Limited
United Kingdom
15.27%
6th Floor, Manfield House, 1 Southampton Street, London, WC2R 0LR, United Kingdom
Kollex GmbH
Germany
20%
Kottbusser Damm 25-26, 10967, Berlin, Germany
Name
Country of incorporation
% equity
interest
Registered address
PETValue Philippines Corporation
Philippines
18%
Wilkins Plant, CM Delos Reyes, Gateway Business Park, Brgy. Javalera, General Trias, Cavite,
Philippines
Other related parties
CCEAP Foundation Incorporated
Philippines
\u2014%
28F 6 Neo, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig City, Philippines
Coca-Cola Bottlers Business Service Inc. Retirement Plan
Philippines
\u2014%(Q)
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Bottlers Philippines, Inc. Retirement plan
Philippines
\u2014%(Q)
20th Floor, San Miguel Properties Centre 7, St. Francis Street, Ortigas Center, Mandaluyong
City, Philippines
Coca-Cola Europacific Partners plc Employee Benefit Trust
Jersey (Channel
Islands)
\u2014%(S)
Computershare Trustees (Jersey) Limited, 13 Castle Street, St Helier, JE1 1ES, Jersey
Container Exchange (QLD) Limited
Australia
\u2014%(L)
Level 13, 295 Ann Street, Brisbane City QLD 4000, Australia
Mahija Parahita Nusantara Foundation
Indonesia
\u2014%(L)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Nafura Advanced Technologies Limited
United Kingdom
20.97%
C/O Deep Science Ventures 46-54 High Street, Ingatestone, Ingatestone, Essex, London,
United Kingdom, CM4 9DW
TasRecycle Limited
Australia
\u2014%(M)
Level 1, 162 Macquarie Street, Hobart TAS 7000, Australia
VicReturn Limited
Australia
\u2014%(M)
C/- Automic Group, Level 12, 530 Collins Street, Melbourne VIC 3000, Australia
WA Return Recycle Renew Ltd
Australia
\u2014%(L)
Unit 4, Level 1, 1 Centro Avenue, Subiaco WA 6008, Australia
(A) 100% equity interest directly held by Coca-Cola Europacific Partners plc.
(B) Class A and B ordinary shares.
(C) Series A, B, C and D shares.
(D) Including preference shares issued to the Group.
(E) 2% equity interest directly held by Coca-Cola Europacific Partners plc (100% of A ordinary shares in issue).
(F) 10% equity interest directly held by Coca-Cola Europacific Partners plc.
(G) Group shareholding of 99.99% or greater.
(H) Class A and B shares. The Group holds 49% of Class B shares.
(I) In liquidation.
(J) Class A and F shares.
(K) Includes ordinary shares and B Class shares.
(L) Company limited by guarantee. CCEP is a member along with one other member.
(M) Company limited by guarantee. CCEP is a member along with two other members.
(N) Class A, B and C ordinary shares.
(O) Includes redeemable preference shares and discretionary dividend shares issued to the Group.
(P) Limited partnership.
(Q) Registered defined benefit plan entity.
(R) Name change from Coca-Cola Beverages Philippines, Inc. effective 13 January 2025 .
(S) Employee Benefit Trust established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its existing and
future share-based compensation plans.
(T) 40% equity interest directly held by Coca-Cola Europacific Aboitiz Philippines, Inc (CCEAP), which is 60%
owned by the Group, resulting in an effective ownership of 24% by the Group. Luzviminda Land Holdings, Inc.
(LLHI)\u2019s equity consists of two classes of shares: common shares, which are 100% held by CCEAP, and
preferred shares, which are 100% owned by the Coca-Cola Bottlers Philippines, Inc. Retirement Plan.
Although the majority of voting rights attach to the preferred shares, the Group has power over LLHI
through its involvement with the retirement plan, as well as exposure to variable returns and the ability to
use its power over LLHI to affect those returns. As such, the Group consolidates LLHI\u2019s financial position
and results.
", "dimensions": { "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-777": { "value": "
Other non-current assets
The following table summarises the Group\u2019s other non-current assets as at the dates
presented:
Year ended 31 December
2025
2024
Other non-current assets
\u20ac million
\u20ac million
Retirement benefit surplus (Note 16 )
206
176
Investments
56
54
Other
225
167
Total other non-current assets
487
397
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.
Financial assets at fair value through other comprehensive income relate to equity
investments. These investments are not held for trading purposes; therefore, the Group
has opted to recognise fair value movements through other comprehensive income.
There\u00a0have been no significant changes in fair value of these investments during the period.
The following table summarises the Group\u2019s carrying value of investments as at the dates
presented:
Year ended 31 December
2025
2024
Investments
\u20ac million
\u20ac million
Investments accounted using equity method
35
40
Financial assets at fair value through other comprehensive
income (A)
21
14
Total investments
56
54
(A) Changes in equity investments for the year ended 31\u00a0December\u00a02025 were due to additional investments
in\u00a0existing investees and the acquisition of new investments.
Note 29
Group companies
In accordance with section 409 of the Companies Act 2006, a full list of the Group\u2019s subsidiaries, partnerships, associates, joint ventures and other undertakings as at 31\u00a0December\u00a02025
is disclosed below, along with the country of incorporation, the registered address and the effective percentage of equity owned at that date. Unless otherwise stated, each entity has a
share capital comprising a single class of ordinary shares and is wholly owned and indirectly held by CCEP.
Name
Country of incorporation
% equity
interest
Registered address
Subsidiaries
Agua De La Vega Del Codorno, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas De Cospeito, S.L.U.
Spain
100%
Crta. Pino km. 1 - 2, 27377, Cospeito (Lugo), Spain
Aguas De Santolin, S.L.U.
Spain
100%
C/ Real, s/n 09246, Quintanaurria, Burgos, Spain
Aguas Del Maestrazgo, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas Del Toscal, S.A.U.
Spain
100%
Ctra. de la Pasadilla, km, 3-35250, ingenio (Gran Canaria), Spain
Aguas Vilas Del Turbon, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Associated Products & Distribution Proprietary
Australia
100% (O)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Bebidas Gaseosas Del Noroeste, S.L.U.
Spain
100%
Avda. Alcalde Alfonso Molina, S/N-15007, (A Coruna), Spain
Beganet, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
BL Bottling Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
BNI B.V.
Netherlands
100%(A)
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
BNII Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig,
Philippines
BNI (Finance) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Great Britain Limited
United Kingdom
100% (D)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Bottling Holding France SAS
France
100%
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Bottling Holdings (Luxembourg) SARL
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Bottling Holdings (Netherlands) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Holdings Europe Limited
United Kingdom
100% (B)(E)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Brewhouse Investments Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Can Recycling (S.A.) Pty. Ltd.
Australia
100% (B)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CC Erfrischungsgetr\u00e4nke Oldenburg Verwaltungs\u00a0GmbH
Germany
100% (I)
Stralauer Allee 4, 10245, Berlin, Germany
CC Verpackungsgesellschaft mit beschraenkter\u00a0Haftung
Germany
100%
Schieferstrasse 20, 06126, Halle (Saale), Germany
CCEP Aboitiz Beverages Philippines, Inc.
Philippines
60%
NAC Tower, 32nd Street, Bonifacio Global City, Taguig City, 1634, Philippines
CCEP Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Name
Country of incorporation
% equity
interest
Registered address
CCEP Finance (Australia) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Finance (Ireland) Designated Activity Company
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
CCEP Group Services Limited
United Kingdom
100%(A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (APS) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (Australia) Pty Ltd
Australia
100% (A)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Holdings Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
CCEP Holdings Sverige AB
Sweden
100%
Dryckesv\u00e4gen 2 C, 136 87, Haninge, Sweden
CCEP Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP\u00a0Scottish\u00a0Limited\u00a0Partnership
United Kingdom
100% (P)
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
CCEP Ventures Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Ventures Europe Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Ventures UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCIP Soporte, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Classic Brand (Europe) Designated Activity Company
Ireland
100%
Charlotte House, Charlemont Street, Saint Kevin's, Dublin, D02 NV26, Ireland
Cobega Embotellador, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
Coca-Cola Bottlers Business Services, Inc.
Philippines
60%
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Europacific Aboitiz Philippines, Inc.
Philippines
60% (R)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Coca-Cola Europacific Partners (CDE Aust) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners (Fiji) Pte Limited
Fiji
100%
Lot 1, Ratu Dovi Road, Laucala Beach Estate, Nasinu, Fiji
Coca-Cola Europacific Partners (Initial LP) Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners (Scotland) Limited
United Kingdom
100%
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
Coca-Cola Europacific Partners API Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Australia Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Belgium SRL/BV
Belgium
100%
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Deutschland GmbH
Germany
100% (F)
Stralauer Allee 4, 10245, Berlin, Germany
Coca-Cola Europacific Partners France SAS
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Europacific Partners Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings NZ Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Holdings US, Inc.
United States
100% (A)(D)
Corporation Trust Center, 1209 Orange Street, Wilmington DE, USA
Name
Country of incorporation
% equity
interest
Registered address
Coca-Cola Europacific Partners Iberia, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Coca-Cola Europacific Partners Investments (Singapore) Pte. Ltd.
Singapore
100%
9 Raffles Place, #26-01 Republic Plaza, Singapore, 048619, Singapore
Coca-Cola Europacific Partners \u00cdsland ehf.
Iceland
100%
Studlahals 1, 110, Reykjavik, Iceland
Coca-Cola Europacific Partners Luxembourg s\u00e0rl
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Coca-Cola Europacific Partners Nederland B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Coca-Cola Europacific Partners New Zealand Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
Coca-Cola Europacific Partners Papua New Guinea Limited
Papua New Guinea
100%
Section 23, Allotment 14, Milfordhaven Road, LAE, Morobe Province, 411, Papua New Guinea
Coca-Cola Europacific Partners Pension Scheme Trustees Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Portugal Unipessoal LDA
Portugal
100%
Quinta da Salmoura - Cabanas-2925-362 Azeit\u00e3o, Set\u00fabal, Portugal
Coca-Cola Europacific Partners Services Bulgaria EOOD
Bulgaria
100%(A)
2 Donka Ushlinova Street, Garitage Park, Office Building 4, floor 6, Sofia, 1766, Bulgaria
Coca-Cola Europacific Partners Services Europe Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Services, Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig, Philippines
Coca-Cola Europacific Partners Services SRL
Belgium
100% (N)
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Sverige AB
Sweden
100%
136 87, Haninge, Sweden
Coca-Cola Europacific Partners US, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners US II, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners Vanuatu Limited
Vanuatu
100%
1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu
Coca-Cola Immobilier SCI
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Production SAS
France
100%
Zone d' entreprises de Bergues, 59380, Commune de Socx, France
Compa\u00f1\u00eda Asturiana De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Nava, 18- 3\u00aa (Granda) Siero\u00a0 - 33006, Oviedo, Spain
Compa\u00f1\u00eda Castellana De Bebidas Gaseosas, S.L.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Compa\u00f1\u00eda Levantina De Bebidas Gaseosas, S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Compa\u00f1\u00eda Norte\u00f1a De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Ibaiz\u00e1bal, 57, Galdakao, 48960, Bizkaia, Spain
Compa\u00f1\u00eda Para La Comunicaci\u00f3n De Bebidas Sin Alcohol, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Cosmos Bottling Corporation
Philippines
59.71%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Crusta Fruit Juices Proprietary Limited
Australia
100% (J)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Developed System Logistics, S.L.U.
Spain
100%
Av. Henry Ford 25, Manzana 19, Complejo Pq.Ind.Juan, CARLOS I, 46220, Picassent, Valencia,
Spain
GR Bottling Holdings UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Name
Country of incorporation
% equity
interest
Registered address
Lusobega, S.L.
Spain
100%
C/ Ibaiz\u00e1bal, 57, 48960, Bizkaia, Galdakao, Spain
Luzviminda Land Holdings, Inc.
Philippines
24%(T)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Madrid Ecoplatform, S.L.U.
Spain
100%
C/Pedro Lara, 8 Pq. Tecnologico de Leganes, 28919, (Leganes), Spain
Matila Nominees Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Bottled Water Co Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail SA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co. (QLD) Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail WA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Pacbev Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Paradise Beverages (Fiji) Pte Limited
Fiji
100%
122-164 Foster Road, Walu Bay, Suva, Fiji
PE\u00d1A Umbria S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Philippine Bottlers, Inc.
Philippines
60%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
PT Coca-Cola Bottling Indonesia
Indonesia
100% (C)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
PT Coca-Cola Distribution Indonesia
Indonesia
100%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Purna Pty. Ltd.
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Real Oz Water Supply Co (QLD) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Refrescos Envasados Del Sur, S.L.U.
Spain
100%
Autov\u00eda del Sur A-IV, km.528- 41309, La Rinconada, Sevilla, Spain
Sale Proprietary Co 1 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 2 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 3 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 4 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 5 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 6 Pty Ltd
Australia
100% (D)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 7 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Samoa Breweries Limited (SBL)
Samoa
100%
Vaitele Industrial Zone, Vaitele Tai, Faleata Sisifo, Samoa
WB Investment Ireland 2 Limited
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
WBH Holdings Luxembourg SCS
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Name
Country of incorporation
% equity
interest
Registered address
Wir Sind Coca-Cola GmbH
Germany
100%
Stralauer Allee 4, 10245, Berlin, Germany
Joint Ventures
Circular Economy Systems Pty Ltd
Australia
50%
Maddocks, Angel Place, Level 27, 123 Pitt Street, Sydney NSW 2000, Australia
PT Amandina Bumi Nusantara
Indonesia
50%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Associates
Aitonomi AG
Switzerland
14.7%
Bruderhausstrasse 10, 6372, Ennetmoos, Switzerland
Aitonomi AI GmbH
Switzerland
14.7%
Pietschenstrasse 20, 3952 Susten, Switzerland
Aitonomi Automation GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Inc.
United States
14.7%
108 West 13th St, Wilmington, Newcastle, DE 19801, USA
Aitonomi LLC
Saudi Arabia
14.7%
2915 Musa Ibn Nussaiyr, Al Olaya, Riyadh 12241, Saudi Arabia
Aitonomi Ltd
South Africa
14.7%
3rd Floor, DeVille Centre, CNR Wellington/Main, Durbanville 7550, South Africa
Aitonomi Ltd.
United Kingdom
14.7%
Innovation Centre, Gallows Hill, Warwick, England, CV34 6UW
Aitonomi Power GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Quantum GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi SRL
Italy
14.7%
Via Alessandro Volta, 13A, 39100 Bolzano BZ, Italy
Birtingah\u00fasi\u00f0 ehf.
Iceland
34.5%
Laugavegur 174, 105, Reykjav\u00edk, Iceland
CC Digital GmbH
Germany
50%
Stralauer Allee 4, 10245, Berlin, Germany
Circular Plastics Australia (PET) Holdings Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) VIC Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Coca-Cola Foundation Philippines, Inc.
Philippines
30%
27th Floor, Six Neo Building, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig
City, 1634, Philippines
Endurvinnslan hf.
Iceland
20%
Knarravogur 4, 104 Reykjavik, Iceland
Exchange for Change (ACT) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Exchange for Change (NSW) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Infineo Recyclage SAS
France
49%(H)
Sainte Marie la Blanche, 21200, Dijon, France
Innovative Tap Solutions Inc.
United States
21.8%
300 Brookside Avenue, Ambler, PA 19002, USA
Ionech Limited
United Kingdom
15.27%
6th Floor, Manfield House, 1 Southampton Street, London, WC2R 0LR, United Kingdom
Kollex GmbH
Germany
20%
Kottbusser Damm 25-26, 10967, Berlin, Germany
Name
Country of incorporation
% equity
interest
Registered address
PETValue Philippines Corporation
Philippines
18%
Wilkins Plant, CM Delos Reyes, Gateway Business Park, Brgy. Javalera, General Trias, Cavite,
Philippines
Other related parties
CCEAP Foundation Incorporated
Philippines
\u2014%
28F 6 Neo, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig City, Philippines
Coca-Cola Bottlers Business Service Inc. Retirement Plan
Philippines
\u2014%(Q)
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Bottlers Philippines, Inc. Retirement plan
Philippines
\u2014%(Q)
20th Floor, San Miguel Properties Centre 7, St. Francis Street, Ortigas Center, Mandaluyong
City, Philippines
Coca-Cola Europacific Partners plc Employee Benefit Trust
Jersey (Channel
Islands)
\u2014%(S)
Computershare Trustees (Jersey) Limited, 13 Castle Street, St Helier, JE1 1ES, Jersey
Container Exchange (QLD) Limited
Australia
\u2014%(L)
Level 13, 295 Ann Street, Brisbane City QLD 4000, Australia
Mahija Parahita Nusantara Foundation
Indonesia
\u2014%(L)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Nafura Advanced Technologies Limited
United Kingdom
20.97%
C/O Deep Science Ventures 46-54 High Street, Ingatestone, Ingatestone, Essex, London,
United Kingdom, CM4 9DW
TasRecycle Limited
Australia
\u2014%(M)
Level 1, 162 Macquarie Street, Hobart TAS 7000, Australia
VicReturn Limited
Australia
\u2014%(M)
C/- Automic Group, Level 12, 530 Collins Street, Melbourne VIC 3000, Australia
WA Return Recycle Renew Ltd
Australia
\u2014%(L)
Unit 4, Level 1, 1 Centro Avenue, Subiaco WA 6008, Australia
(A) 100% equity interest directly held by Coca-Cola Europacific Partners plc.
(B) Class A and B ordinary shares.
(C) Series A, B, C and D shares.
(D) Including preference shares issued to the Group.
(E) 2% equity interest directly held by Coca-Cola Europacific Partners plc (100% of A ordinary shares in issue).
(F) 10% equity interest directly held by Coca-Cola Europacific Partners plc.
(G) Group shareholding of 99.99% or greater.
(H) Class A and B shares. The Group holds 49% of Class B shares.
(I) In liquidation.
(J) Class A and F shares.
(K) Includes ordinary shares and B Class shares.
(L) Company limited by guarantee. CCEP is a member along with one other member.
(M) Company limited by guarantee. CCEP is a member along with two other members.
(N) Class A, B and C ordinary shares.
(O) Includes redeemable preference shares and discretionary dividend shares issued to the Group.
(P) Limited partnership.
(Q) Registered defined benefit plan entity.
(R) Name change from Coca-Cola Beverages Philippines, Inc. effective 13 January 2025 .
(S) Employee Benefit Trust established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its existing and
future share-based compensation plans.
(T) 40% equity interest directly held by Coca-Cola Europacific Aboitiz Philippines, Inc (CCEAP), which is 60%
owned by the Group, resulting in an effective ownership of 24% by the Group. Luzviminda Land Holdings, Inc.
(LLHI)\u2019s equity consists of two classes of shares: common shares, which are 100% held by CCEAP, and
preferred shares, which are 100% owned by the Coca-Cola Bottlers Philippines, Inc. Retirement Plan.
Although the majority of voting rights attach to the preferred shares, the Group has power over LLHI
through its involvement with the retirement plan, as well as exposure to variable returns and the ability to
use its power over LLHI to affect those returns. As such, the Group consolidates LLHI\u2019s financial position
and results.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-781": { "value": "
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-780": { "value": "
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-779": { "value": "
Investments
Joint ventures are undertakings in which the Group has an interest and which are jointly
controlled by the Group and one or more other parties. Associates are undertakings where
the Group has an investment in which it does not have control or joint control but can
exercise significant influence. Interests in joint ventures and associates are accounted
for\u00a0using the equity method and are stated in the consolidated balance sheet at cost,
adjusted for the movement in the Group\u2019s share of their net assets and liabilities.
The Group\u2019s share of the profit or loss after tax of joint ventures and associates is
reflected in the Group\u2019s consolidated income statement within non-operating items.
Where\u00a0the Group\u2019s share of losses exceeds its interest in the equity accounted investee,
the carrying amount of the investment is reduced to zero and the recognition of further
losses is discontinued, except to the extent that the Group has an obligation to make
payments on behalf of\u00a0the\u00a0investee.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-782": { "value": "
Market risk
Market risk represents the risk that the fair value of future cash flows of a financial
instrument will fluctuate due to changes in market prices and includes interest rate risk,
currency exchange risk and other price risk such as commodity price risk. Market risk
affects outstanding borrowings, as well as derivative financial instruments.
Interest rates
The Group is subject to interest rate risk for its outstanding borrowings. To manage interest
rate risk, the Group maintains a significant proportion of its borrowings at fixed rates.
Approximately 88% and 90% of the Group\u2019s interest bearing borrowings were comprised
of\u00a0fixed rate borrowings at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, respectively.
The\u00a0Group also modifies its interest rate exposure through the use of interest rate swaps.
As at 31\u00a0December\u00a02025 and 31\u00a0December\u00a02024, the notional value of the Group\u2019s interest
rate swaps was \u20ac882 million and \u20ac1,060\u00a0million, respectively.
If interest rates on the Group\u2019s floating rate debt were adjusted by 1% for the years ended
31\u00a0December\u00a02025, 31\u00a0December 2024 and 31\u00a0December\u00a02023, the Group\u2019s finance costs
and pre-tax equity would change on an annual basis by approximately \u20ac8 million, \u20ac8 million
and \u20ac9 million, respectively. This amount is determined by calculating the effect
of\u00a0a\u00a0hypothetical interest rate change on the Group\u2019s floating rate debt.
Currency exchange risk
Foreign currency exchange risk can only arise on financial instruments that are denominated in
a\u00a0currency other than the functional currency in which they are measured. Translation-related
risks are therefore not included in the assessment of the Group\u2019s exposure to currency risks.
Translation exposures arise from financial and non-financial items held by the Group with a
functional currency different from the Group\u2019s presentation currency (euro). To manage
currency exchange risk arising from future commercial transactions and recognised monetary
assets and liabilities, foreign currency forward and option contracts with external third parties
are used. Typically, up to 80% of anticipated cash flow exposures in each major foreign currency
for the next calendar year are hedged using a combination of forward and option contracts with
third parties.
The Group is also exposed to the risk of changes in currency exchange rates between
US\u00a0dollar and euro in relation to its US dollar denominated borrowings. This risk is managed
by\u00a0entering into cross currency swaps upon issuance, thereby mitigating the foreign
currency exchange risk in its entirety.
The Group\u2019s main foreign currency exchange rate exposure relates to the changes in value of
the euro and US dollar against other currencies. The following tables demonstrate the sensitivity
to a reasonably possible change in the euro and US dollar exchange rates, with all other
variables held constant. The impact on the Group\u2019s profit before taxes is due to the changes in
the fair value of the monetary assets and liabilities denominated in currencies other than the
functional currencies in which they are measured. The impact on the Group\u2019s pre-tax equity is
due to\u00a0changes in the fair value of foreign currency contracts designated as cash flow hedges.
The\u00a0Group\u2019s exposure to foreign currency changes for all other currencies is not material.
Year ended 31 December
Profit before taxes impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(5)
(9)
(8)
10% depreciation in the euro
5
9
8
10% appreciation in the US dollar
(4)
(8)
2
10% depreciation in the US dollar
4
8
(2)
Year ended 31 December
Pre-tax equity impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(38)
(33)
(6)
10% depreciation in the euro
38
33
6
10% appreciation in the US dollar
109
108
79
10% depreciation in the US dollar
(109)
(108)
(79)
Commodity price risk
The competitive marketplace in which the Group operates may limit its ability to recover
increased costs through higher prices. As such, the Group is subject to market risk with
respect to\u00a0commodity price fluctuations, principally related to its purchases of aluminium,
PET (plastic, including recycled PET, LDPE), natural gas, power, ethylene, sugar and vehicle
fuel. When possible, exposure to this risk is managed primarily through the use of supplier
pricing agreements, which enable the Group to establish the purchase price for certain
commodities. Certain suppliers restrict the Group\u2019s ability to hedge prices through supplier
agreements. As a result, commodity hedging programmes are entered into and generally
designated as hedging instruments. Refer to Note 13 for more information. Typically, up to
80% of\u00a0the anticipated commodity transaction exposures for the next calendar year are
hedged using a combination of\u00a0forward and option\u00a0contracts executed with third parties.
The following table demonstrates the sensitivity to reasonably possible changes in
commodity prices at the reporting date, with all other variables held constant. The impact
on the Group\u2019s pre-tax equity is due to changes in the fair value of commodity hedges
designated as cash flow hedges. The impact on the Group\u2019s profit before taxes is
immaterial as the vast majority of commodity derivatives are designated as hedging
instruments in cash flow hedges. As at 31\u00a0December\u00a02025, there were \u20ac24 million
(31\u00a0December\u00a02024: \u20ac33 million) of outstanding non-designated commodity hedges
(refer\u00a0to Note 13 for further details).
Year ended 31 December
2025
2024
2023
Commodity price risk
\u20ac million
\u20ac million
\u20ac million
10% increase in commodity prices equity gain
113
166
144
10% decrease in commodity prices equity loss
(113)
(166)
(144)
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-783": { "value": "
Currency exchange risk
Foreign currency exchange risk can only arise on financial instruments that are denominated in
a\u00a0currency other than the functional currency in which they are measured. Translation-related
risks are therefore not included in the assessment of the Group\u2019s exposure to currency risks.
Translation exposures arise from financial and non-financial items held by the Group with a
functional currency different from the Group\u2019s presentation currency (euro). To manage
currency exchange risk arising from future commercial transactions and recognised monetary
assets and liabilities, foreign currency forward and option contracts with external third parties
are used. Typically, up to 80% of anticipated cash flow exposures in each major foreign currency
for the next calendar year are hedged using a combination of forward and option contracts with
third parties.
The Group is also exposed to the risk of changes in currency exchange rates between
US\u00a0dollar and euro in relation to its US dollar denominated borrowings. This risk is managed
by\u00a0entering into cross currency swaps upon issuance, thereby mitigating the foreign
currency exchange risk in its entirety.
The Group\u2019s main foreign currency exchange rate exposure relates to the changes in value of
the euro and US dollar against other currencies. The following tables demonstrate the sensitivity
to a reasonably possible change in the euro and US dollar exchange rates, with all other
variables held constant. The impact on the Group\u2019s profit before taxes is due to the changes in
the fair value of the monetary assets and liabilities denominated in currencies other than the
functional currencies in which they are measured. The impact on the Group\u2019s pre-tax equity is
due to\u00a0changes in the fair value of foreign currency contracts designated as cash flow hedges.
The\u00a0Group\u2019s exposure to foreign currency changes for all other currencies is not material.
Year ended 31 December
Profit before taxes impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(5)
(9)
(8)
10% depreciation in the euro
5
9
8
10% appreciation in the US dollar
(4)
(8)
2
10% depreciation in the US dollar
4
8
(2)
Year ended 31 December
Pre-tax equity impact of non-functional foreign currency exchange
exposure
2025
2024
2023
\u20ac million
\u20ac million
\u20ac million
10% appreciation in the euro
(38)
(33)
(6)
10% depreciation in the euro
38
33
6
10% appreciation in the US dollar
109
108
79
10% depreciation in the US dollar
(109)
(108)
(79)
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-784": { "value": "
Credit risk
The Group is exposed to counterparty credit risk on all of its derivative financial instruments.
Strict counterparty credit guidelines are maintained and only financial institutions that are
investment grade or better are acceptable counterparties. Counterparty credit risk is
continuously monitored and numerous counterparties are used to minimise exposure
to\u00a0potential defaults. Where required, collateral is paid between the counterparties to
minimise counterparty risk. The maximum credit risk exposure for each derivative financial
instrument is\u00a0the carrying amount of the derivative. Included in trade and other payables
is\u00a0\u20ac10 million (2024:\u00a0\u20ac18 million) related to collateral received from counterparties.
Credit is extended in the form of payment terms for trade to customers of the Group,
consisting of retailers, wholesalers and other customers, generally without requiring
collateral, based on an evaluation of the customer\u2019s financial condition. While the Group
has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse
nature of the customers the Group serves, including, but not limited to, their type,
geographic location, size and beverage channel. Depending on the risk profile of certain
customers, we may also seek bank guarantees. Collections of receivables are dependent
on each individual customer\u2019s financial condition and sales adjustments granted.
Trade accounts receivable are initially recognised at their transaction price and
subsequently measured at amortised cost less provision for impairment. Typically,
accounts receivable have terms of 30 to 60 days and do not bear interest. A default on a
financial asset is when\u00a0the counterparty fails to make contractual payments when they
fall\u00a0due. Exposure to\u00a0losses on receivables is monitored, and balances are adjusted for
expected credit losses. Expected credit losses are determined by: (1) evaluating the ageing
of receivables; (2)\u00a0analysing the history of adjustments; and (3) reviewing high risk
customers. Credit\u00a0insurance on a portion of the accounts receivable balance is also
carried.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-785": { "value": "
Liquidity risk
Liquidity risk is actively managed to ensure that the Group has sufficient funds to satisfy
its\u00a0commitments. The Group\u2019s sources of capital include, but are not limited to, cash
flows\u00a0from operations, public and private issuances of debt and equity securities, and
bank\u00a0borrowings. The\u00a0Group believes its operating cash flows, cash on hand and available
short- and long-term capital resources are sufficient to fund its working capital
requirements, scheduled borrowing payments, interest payments, capital expenditures,
benefit plan contributions, income tax obligations and dividends to its shareholders.
Counterparties and instruments used to hold cash and cash equivalents are continuously
assessed, with a focus on preservation of capital and liquidity. Based on information
currently available, the Group does not believe it is at significant risk of default by
its\u00a0counterparties.
The Group has amounts available for borrowing under a \u20ac1.80 billion multi currency credit
facility (2024: \u20ac1.80 billion) with a syndicate of 12 banks. This credit facility matures in 2030
and is for general corporate purposes, including serving as a backstop to its commercial
paper programme and supporting the Group\u2019s working capital needs. Based on information
currently available, the Group has no indication that the financial institutions participating in
this facility would be unable to fulfil their commitments as at the date of these financial
statements. The current credit facility contains no financial covenants that would impact
the Group\u2019s liquidity or access to capital. As at 31\u00a0December\u00a02025, the Group had no
amounts drawn under this credit facility.
The Group operates a sustainability-linked supply chain finance programme. The facility is
provided by a third party bank and helps our suppliers get paid earlier than under
contractual credit terms. Supplier balances under supply chain finance facilities are
disclosed in Note 15.
The following table summarises the maturity profile of the Group\u2019s financial liabilities as at
31\u00a0December\u00a02025. The amounts are presented on a gross, undiscounted basis and include
contractual interest payments, excluding the effects of any netting arrangements.
Balances due within 12 months approximate their carrying amounts, as the impact of
discounting is not significant.
Total
Less than 1\u00a0year
1 to 3 years
3 to 5 years
More than
5\u00a0years
Financial liabilities
\u20ac million
\u20ac million
\u20ac million
\u20ac million
\u20ac million
31\u00a0December\u00a02025
Trade and other payables
5,450
5,450
\u2014
\u2014
\u2014
Amounts payable to related
parties
341
341
\u2014
\u2014
\u2014
Borrowings
11,280
517
3,092
2,880
4,791
Derivatives
246
99
68
19
60
Lease liabilities
779
179
275
131
194
Total financial liabilities
18,096
6,586
3,435
3,030
5,045
31\u00a0December\u00a02024
Trade and other payables
5,319
5,319
\u2014
\u2014
\u2014
Amounts payable to related
parties
373
373
\u2014
\u2014
\u2014
Borrowings
11,886
1,376
2,332
2,916
5,262
Derivatives
206
45
58
15
88
Lease liabilities
787
172
269
142
204
Total financial liabilities
18,571
7,285
2,659
3,073
5,554
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-786": { "value": "
Capital management
The primary objective of the Group\u2019s capital management is to ensure a strong credit rating
and\u00a0appropriate capital ratios are maintained to support the Group\u2019s business and
maximise shareholder value. The Group\u2019s credit ratings are periodically reviewed by rating
agencies. Currently, the Group\u2019s long-term ratings from Moody\u2019s and Fitch are A3 and A-,
respectively. Changes in the operating results, cash flows or financial position could impact
the ratings assigned by the various rating agencies. The credit rating can be materially
influenced by a number of factors including, but not limited to, acquisitions, investment
decisions, capital management activities of TCCC and/or changes in the credit rating of
TCCC. Should the credit ratings be adjusted downwards, the Group may incur higher costs
to borrow, which could have a material impact on the financial condition and results of
operations.
The capital structure is managed and, as appropriate, adjustments are made in light of
changes in economic conditions and the Group\u2019s financial policy.
The Group monitors its operating performance in the context of targeted financial leverage
by comparing the ratio of net debt with comparable EBITDA. Net debt is defined as
borrowings adjusted for the fair value of hedging instruments and other financial assets/
liabilities related to borrowings, net of cash and cash equivalents and short-term
investments. Comparable EBITDA is calculated as EBITDA and\u00a0adjusted for items
impacting comparability.
Refer to Note 12 for the presentation of fair values for each class of financial assets
and\u00a0financial liabilities and\u00a0Note 13 for an outline of how the Group utilises derivative
financial instruments to mitigate its exposure to certain market risks associated with
its\u00a0ongoing operations.
Refer to the Strategic Report included within this Annual Report for disclosure of strategic,
commercial and operational risk relevant to the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-787": { "value": "
Note 28
Significant events after the reporting period
On 17 February 2026, the Group announced its intention to return up to \u20ac1\u00a0billion to
shareholders through a coordinated share buyback programme to be completed by the
end\u00a0of February 2027. The initial tranche has commenced and is being executed under
the\u00a0authority granted by the 2025 Annual General Meeting of Shareholders (AGM).
Subject to\u00a0requisite approvals, the programme will continue under authorities granted by
future general meetings. All repurchased shares will be cancelled. The programme may be
suspended, modified or discontinued at any time, subject to applicable laws and regulations.
On 26 February 2026, the Group issued \u20ac300\u00a0million of floating rate debt maturing on
26\u00a0February 2028.
Related to the dispute between the Spanish Tax Authorities (STA) and the regional tax
authorities of Bizkaia (Basque Country) described in Note 25, on 9 March 2026 the Group
received a proposed VAT assessment for years 2020 to 2022, for approximately
\u20ac215\u00a0million inclusive of interest.
For the periods to which the proposed assessment relates, VAT refunds were settled by
the STA. We believe that the Group will continue to be held neutral in respect of the
dispute.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-788": { "value": "
Note 29
Group companies
In accordance with section 409 of the Companies Act 2006, a full list of the Group\u2019s subsidiaries, partnerships, associates, joint ventures and other undertakings as at 31\u00a0December\u00a02025
is disclosed below, along with the country of incorporation, the registered address and the effective percentage of equity owned at that date. Unless otherwise stated, each entity has a
share capital comprising a single class of ordinary shares and is wholly owned and indirectly held by CCEP.
Name
Country of incorporation
% equity
interest
Registered address
Subsidiaries
Agua De La Vega Del Codorno, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas De Cospeito, S.L.U.
Spain
100%
Crta. Pino km. 1 - 2, 27377, Cospeito (Lugo), Spain
Aguas De Santolin, S.L.U.
Spain
100%
C/ Real, s/n 09246, Quintanaurria, Burgos, Spain
Aguas Del Maestrazgo, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Aguas Del Toscal, S.A.U.
Spain
100%
Ctra. de la Pasadilla, km, 3-35250, ingenio (Gran Canaria), Spain
Aguas Vilas Del Turbon, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Associated Products & Distribution Proprietary
Australia
100% (O)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Bebidas Gaseosas Del Noroeste, S.L.U.
Spain
100%
Avda. Alcalde Alfonso Molina, S/N-15007, (A Coruna), Spain
Beganet, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
BL Bottling Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
BNI B.V.
Netherlands
100%(A)
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
BNII Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig,
Philippines
BNI (Finance) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Great Britain Limited
United Kingdom
100% (D)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Bottling Holding France SAS
France
100%
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Bottling Holdings (Luxembourg) SARL
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Bottling Holdings (Netherlands) B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Bottling Holdings Europe Limited
United Kingdom
100% (B)(E)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Brewhouse Investments Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Can Recycling (S.A.) Pty. Ltd.
Australia
100% (B)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CC Erfrischungsgetr\u00e4nke Oldenburg Verwaltungs\u00a0GmbH
Germany
100% (I)
Stralauer Allee 4, 10245, Berlin, Germany
CC Verpackungsgesellschaft mit beschraenkter\u00a0Haftung
Germany
100%
Schieferstrasse 20, 06126, Halle (Saale), Germany
CCEP Aboitiz Beverages Philippines, Inc.
Philippines
60%
NAC Tower, 32nd Street, Bonifacio Global City, Taguig City, 1634, Philippines
CCEP Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Name
Country of incorporation
% equity
interest
Registered address
CCEP Finance (Australia) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Finance (Ireland) Designated Activity Company
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
CCEP Group Services Limited
United Kingdom
100%(A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (APS) Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Holdings (Australia) Pty Ltd
Australia
100% (A)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Holdings Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
CCEP Holdings Sverige AB
Sweden
100%
Dryckesv\u00e4gen 2 C, 136 87, Haninge, Sweden
CCEP Holdings UK Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP\u00a0Scottish\u00a0Limited\u00a0Partnership
United Kingdom
100% (P)
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
CCEP Ventures Australia Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
CCEP Ventures Europe Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCEP Ventures UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
CCIP Soporte, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Classic Brand (Europe) Designated Activity Company
Ireland
100%
Charlotte House, Charlemont Street, Saint Kevin's, Dublin, D02 NV26, Ireland
Cobega Embotellador, S.L.U.
Spain
100%
Avda Paisos Catalans, 32, 08950, Esplugues de Llobregat, Spain
Coca-Cola Bottlers Business Services, Inc.
Philippines
60%
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Europacific Aboitiz Philippines, Inc.
Philippines
60% (R)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Coca-Cola Europacific Partners (CDE Aust) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners (Fiji) Pte Limited
Fiji
100%
Lot 1, Ratu Dovi Road, Laucala Beach Estate, Nasinu, Fiji
Coca-Cola Europacific Partners (Initial LP) Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners (Scotland) Limited
United Kingdom
100%
52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, United Kingdom
Coca-Cola Europacific Partners API Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Australia Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Coca-Cola Europacific Partners Belgium SRL/BV
Belgium
100%
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Deutschland GmbH
Germany
100% (F)
Stralauer Allee 4, 10245, Berlin, Germany
Coca-Cola Europacific Partners France SAS
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Europacific Partners Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings Great Britain Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Holdings NZ Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Holdings US, Inc.
United States
100% (A)(D)
Corporation Trust Center, 1209 Orange Street, Wilmington DE, USA
Name
Country of incorporation
% equity
interest
Registered address
Coca-Cola Europacific Partners Iberia, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Coca-Cola Europacific Partners Investments (Singapore) Pte. Ltd.
Singapore
100%
9 Raffles Place, #26-01 Republic Plaza, Singapore, 048619, Singapore
Coca-Cola Europacific Partners \u00cdsland ehf.
Iceland
100%
Studlahals 1, 110, Reykjavik, Iceland
Coca-Cola Europacific Partners Luxembourg s\u00e0rl
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Coca-Cola Europacific Partners Nederland B.V.
Netherlands
100%
Marten Meesweg 25 J, 3068 AV, Rotterdam, Netherlands
Coca-Cola Europacific Partners New Zealand Limited
New Zealand
100%
The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand
Coca-Cola Europacific Partners Norge AS
Norway
100%
Robsrudskogen 5, L\u00f8renskog, 1470, Norway
Coca-Cola Europacific Partners Papua New Guinea Limited
Papua New Guinea
100%
Section 23, Allotment 14, Milfordhaven Road, LAE, Morobe Province, 411, Papua New Guinea
Coca-Cola Europacific Partners Pension Scheme Trustees Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Portugal Unipessoal LDA
Portugal
100%
Quinta da Salmoura - Cabanas-2925-362 Azeit\u00e3o, Set\u00fabal, Portugal
Coca-Cola Europacific Partners Services Bulgaria EOOD
Bulgaria
100%(A)
2 Donka Ushlinova Street, Garitage Park, Office Building 4, floor 6, Sofia, 1766, Bulgaria
Coca-Cola Europacific Partners Services Europe Limited
United Kingdom
100%
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Coca-Cola Europacific Partners Services, Inc.
Philippines
100%
26/F Uptown Eastgate, 11th Avenue corner 36th Street, Bonifacio Global City, Taguig, Philippines
Coca-Cola Europacific Partners Services SRL
Belgium
100% (N)
Chauss\u00e9e de Mons 1424, 1070 Brussels, Belgium
Coca-Cola Europacific Partners Sverige AB
Sweden
100%
136 87, Haninge, Sweden
Coca-Cola Europacific Partners US, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners US II, LLC
United States
100%
Corporation Trust Center, 1209 Orange Street, Wilmington 19801, Delaware, USA
Coca-Cola Europacific Partners Vanuatu Limited
Vanuatu
100%
1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu
Coca-Cola Immobilier SCI
France
100% (G)
9 chemin de Bretagne, 92784, Issy-les-Moulineaux, France
Coca-Cola Production SAS
France
100%
Zone d' entreprises de Bergues, 59380, Commune de Socx, France
Compa\u00f1\u00eda Asturiana De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Nava, 18- 3\u00aa (Granda) Siero\u00a0 - 33006, Oviedo, Spain
Compa\u00f1\u00eda Castellana De Bebidas Gaseosas, S.L.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Compa\u00f1\u00eda Levantina De Bebidas Gaseosas, S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Compa\u00f1\u00eda Norte\u00f1a De Bebidas Gaseosas, S.L.U.
Spain
100%
C/ Ibaiz\u00e1bal, 57, Galdakao, 48960, Bizkaia, Spain
Compa\u00f1\u00eda Para La Comunicaci\u00f3n De Bebidas Sin Alcohol, S.L.U.
Spain
100%
C/ Ribera Del Loira 20-22, 2a Planta, 28042, Madrid, Spain
Cosmos Bottling Corporation
Philippines
59.71%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Crusta Fruit Juices Proprietary Limited
Australia
100% (J)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Developed System Logistics, S.L.U.
Spain
100%
Av. Henry Ford 25, Manzana 19, Complejo Pq.Ind.Juan, CARLOS I, 46220, Picassent, Valencia,
Spain
GR Bottling Holdings UK Limited
United Kingdom
100% (A)
Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom
Name
Country of incorporation
% equity
interest
Registered address
Lusobega, S.L.
Spain
100%
C/ Ibaiz\u00e1bal, 57, 48960, Bizkaia, Galdakao, Spain
Luzviminda Land Holdings, Inc.
Philippines
24%(T)
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
Madrid Ecoplatform, S.L.U.
Spain
100%
C/Pedro Lara, 8 Pq. Tecnologico de Leganes, 28919, (Leganes), Spain
Matila Nominees Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Bottled Water Co Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail SA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Co. (QLD) Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail Springwater Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Neverfail WA Pty. Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Pacbev Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Paradise Beverages (Fiji) Pte Limited
Fiji
100%
122-164 Foster Road, Walu Bay, Suva, Fiji
PE\u00d1A Umbria S.L.U.
Spain
100%
Av. Real Monasterio de Sta., Maria de Poblet, 3646930, Quart de Poblet, Spain
Philippine Bottlers, Inc.
Philippines
60%
28th and 29th Floors, Uptown Eastgate Building, 11th Avenue, corner 36th Street, Bonifacio
Global City, Taguig City, 1634, Philippines
PT Coca-Cola Bottling Indonesia
Indonesia
100% (C)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
PT Coca-Cola Distribution Indonesia
Indonesia
100%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Purna Pty. Ltd.
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Real Oz Water Supply Co (QLD) Pty Limited
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Refrescos Envasados Del Sur, S.L.U.
Spain
100%
Autov\u00eda del Sur A-IV, km.528- 41309, La Rinconada, Sevilla, Spain
Sale Proprietary Co 1 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 2 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 3 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 4 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 5 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 6 Pty Ltd
Australia
100% (D)
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Sale Proprietary Co 7 Pty Ltd
Australia
100%
Level 13, 40 Mount Street, North Sydney NSW 2060, Australia
Samoa Breweries Limited (SBL)
Samoa
100%
Vaitele Industrial Zone, Vaitele Tai, Faleata Sisifo, Samoa
WB Investment Ireland 2 Limited
Ireland
100%
3 Dublin Landings, North Wall Quay, Dublin, D01 C4E0, Ireland
WBH Holdings Luxembourg SCS
Luxembourg
100%
2, Rue des Joncs, L-1818, Howald, Luxembourg
Name
Country of incorporation
% equity
interest
Registered address
Wir Sind Coca-Cola GmbH
Germany
100%
Stralauer Allee 4, 10245, Berlin, Germany
Joint Ventures
Circular Economy Systems Pty Ltd
Australia
50%
Maddocks, Angel Place, Level 27, 123 Pitt Street, Sydney NSW 2000, Australia
PT Amandina Bumi Nusantara
Indonesia
50%
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Associates
Aitonomi AG
Switzerland
14.7%
Bruderhausstrasse 10, 6372, Ennetmoos, Switzerland
Aitonomi AI GmbH
Switzerland
14.7%
Pietschenstrasse 20, 3952 Susten, Switzerland
Aitonomi Automation GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Inc.
United States
14.7%
108 West 13th St, Wilmington, Newcastle, DE 19801, USA
Aitonomi LLC
Saudi Arabia
14.7%
2915 Musa Ibn Nussaiyr, Al Olaya, Riyadh 12241, Saudi Arabia
Aitonomi Ltd
South Africa
14.7%
3rd Floor, DeVille Centre, CNR Wellington/Main, Durbanville 7550, South Africa
Aitonomi Ltd.
United Kingdom
14.7%
Innovation Centre, Gallows Hill, Warwick, England, CV34 6UW
Aitonomi Power GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi Quantum GmbH
Germany
14.7%
Wiesenstrasse 70, C8, 40549 Duesseldorf, Germany
Aitonomi SRL
Italy
14.7%
Via Alessandro Volta, 13A, 39100 Bolzano BZ, Italy
Birtingah\u00fasi\u00f0 ehf.
Iceland
34.5%
Laugavegur 174, 105, Reykjav\u00edk, Iceland
CC Digital GmbH
Germany
50%
Stralauer Allee 4, 10245, Berlin, Germany
Circular Plastics Australia (PET) Holdings Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Circular Plastics Australia (PET) VIC Pty Ltd
Australia
16.67%
Building 1' Level 5, 658 Church Street, Cremorne VIC 3121, Australia
Coca-Cola Foundation Philippines, Inc.
Philippines
30%
27th Floor, Six Neo Building, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig
City, 1634, Philippines
Endurvinnslan hf.
Iceland
20%
Knarravogur 4, 104 Reykjavik, Iceland
Exchange for Change (ACT) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Exchange for Change (NSW) Pty Ltd
Australia
20%
Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138, Australia
Infineo Recyclage SAS
France
49%(H)
Sainte Marie la Blanche, 21200, Dijon, France
Innovative Tap Solutions Inc.
United States
21.8%
300 Brookside Avenue, Ambler, PA 19002, USA
Ionech Limited
United Kingdom
15.27%
6th Floor, Manfield House, 1 Southampton Street, London, WC2R 0LR, United Kingdom
Kollex GmbH
Germany
20%
Kottbusser Damm 25-26, 10967, Berlin, Germany
Name
Country of incorporation
% equity
interest
Registered address
PETValue Philippines Corporation
Philippines
18%
Wilkins Plant, CM Delos Reyes, Gateway Business Park, Brgy. Javalera, General Trias, Cavite,
Philippines
Other related parties
CCEAP Foundation Incorporated
Philippines
\u2014%
28F 6 Neo, 5th Avenue corner 26th Street, Bonifacio Global City, Taguig City, Philippines
Coca-Cola Bottlers Business Service Inc. Retirement Plan
Philippines
\u2014%(Q)
2nd Floor, Annex Building, 10 Obrero Street, Bagumbayan, Quezon City, 1103, Philippines
Coca-Cola Bottlers Philippines, Inc. Retirement plan
Philippines
\u2014%(Q)
20th Floor, San Miguel Properties Centre 7, St. Francis Street, Ortigas Center, Mandaluyong
City, Philippines
Coca-Cola Europacific Partners plc Employee Benefit Trust
Jersey (Channel
Islands)
\u2014%(S)
Computershare Trustees (Jersey) Limited, 13 Castle Street, St Helier, JE1 1ES, Jersey
Container Exchange (QLD) Limited
Australia
\u2014%(L)
Level 13, 295 Ann Street, Brisbane City QLD 4000, Australia
Mahija Parahita Nusantara Foundation
Indonesia
\u2014%(L)
South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak,
South Jakarta, 12430, Indonesia
Nafura Advanced Technologies Limited
United Kingdom
20.97%
C/O Deep Science Ventures 46-54 High Street, Ingatestone, Ingatestone, Essex, London,
United Kingdom, CM4 9DW
TasRecycle Limited
Australia
\u2014%(M)
Level 1, 162 Macquarie Street, Hobart TAS 7000, Australia
VicReturn Limited
Australia
\u2014%(M)
C/- Automic Group, Level 12, 530 Collins Street, Melbourne VIC 3000, Australia
WA Return Recycle Renew Ltd
Australia
\u2014%(L)
Unit 4, Level 1, 1 Centro Avenue, Subiaco WA 6008, Australia
(A) 100% equity interest directly held by Coca-Cola Europacific Partners plc.
(B) Class A and B ordinary shares.
(C) Series A, B, C and D shares.
(D) Including preference shares issued to the Group.
(E) 2% equity interest directly held by Coca-Cola Europacific Partners plc (100% of A ordinary shares in issue).
(F) 10% equity interest directly held by Coca-Cola Europacific Partners plc.
(G) Group shareholding of 99.99% or greater.
(H) Class A and B shares. The Group holds 49% of Class B shares.
(I) In liquidation.
(J) Class A and F shares.
(K) Includes ordinary shares and B Class shares.
(L) Company limited by guarantee. CCEP is a member along with one other member.
(M) Company limited by guarantee. CCEP is a member along with two other members.
(N) Class A, B and C ordinary shares.
(O) Includes redeemable preference shares and discretionary dividend shares issued to the Group.
(P) Limited partnership.
(Q) Registered defined benefit plan entity.
(R) Name change from Coca-Cola Beverages Philippines, Inc. effective 13 January 2025 .
(S) Employee Benefit Trust established for the purpose of facilitating the acquisition and distribution of CCEP
Shares for the benefit of satisfying the Group\u2019s share-based payments obligations under its existing and
future share-based compensation plans.
(T) 40% equity interest directly held by Coca-Cola Europacific Aboitiz Philippines, Inc (CCEAP), which is 60%
owned by the Group, resulting in an effective ownership of 24% by the Group. Luzviminda Land Holdings, Inc.
(LLHI)\u2019s equity consists of two classes of shares: common shares, which are 100% held by CCEAP, and
preferred shares, which are 100% owned by the Coca-Cola Bottlers Philippines, Inc. Retirement Plan.
Although the majority of voting rights attach to the preferred shares, the Group has power over LLHI
through its involvement with the retirement plan, as well as exposure to variable returns and the ability to
use its power over LLHI to affect those returns. As such, the Group consolidates LLHI\u2019s financial position
and results.
Note 30
Subsidiaries exempt from audit
The following UK subsidiary will take advantage of the audit exemption set out within section 479A of the Companies Act 2006 for the year ended 31\u00a0December\u00a02025.
Name
Registration number
CCEP Holdings (APS) Limited
12982568
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:549300LTH67W4GWMRF57", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }